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MI SB1574
Bill
AI Summary
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Requires the Michigan Strategic Fund and Michigan Economic Development Corporation to provide basic business development services before awarding any tax credit or other tax incentive, effective January 1, 2011.
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Services must include finding appropriately skilled employees, workforce training and development, and site location assistance.
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Services apply to businesses located in Michigan or businesses that will relocate to the state.
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Agencies must use their best efforts to provide these services as a condition of awarding tax incentives.
Legislative Description
State financing and management; funds; strategic fund and Michigan economic development corporation to use best efforts to provide basic business development services; provide for. Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by adding sec. 15.
State financing and management, funds
Last Action
Referred To Committee On Finance
11/4/2010