MI HB4088

Establishes preference for renaissance zone designation applicants who agree to hire only Michigan residents for facility operation beginning July 1, 2009, with exceptions for federal law compliance and key management personnel with special skills.

Requires renaissance zone applicants to contract with businesses that hire only Michigan residents for facility construction, subject to same exceptions for federal law and specialized personnel.

Prohibits businesses from claiming renaissance zone exemptions, deductions, or credits unless they contract not to knowingly hire or contract with entities employing individuals not authorized to work in the United States.

Imposes penalties for violations including ineligibility for future renaissance zone benefits and potential repayment of previously received exemptions, deductions, or credits.

Requires annual reporting by the Department of Energy, Labor, and Economic Growth and state research universities on renaissance zone economic effects, including new jobs created, wage data, Michigan resident employment, and specific reasons for exemptions from hiring requirements.