MI HB5346

Establishes the "next Michigan development act" to encourage creation of next Michigan development corporations through interlocal agreements among local governmental units to foster economic development and job creation.

Allows up to 5 next Michigan development corporations to be designated statewide, with a maximum of 2 per calendar year (3 if at least one is located entirely north of 43°49').

Grants next Michigan development corporations authority to exercise economic development powers under the Michigan renaissance zone act, local development financing act, and other relevant state law to attract eligible businesses.

Requires next Michigan development corporations to conduct business in public meetings subject to the open meetings act and freedom of information act, with limited confidentiality protections for financial or proprietary information submitted by business applicants.

Specifies that incentives granted by a next Michigan development corporation remain valid if the corporation dissolves, to be administered by the local municipality where the business is located.