MI HB5418

Requires the Michigan Strategic Fund to post on its website a list of all businesses that received grants, loans, or other economic assistance and subsequently ceased operations in the state, including the type and amount of assistance and the likelihood of recovering funds if the business breached its agreement

Mandates the fund to post online within 3 days when a qualified business seeks to amend its written agreement, specifying which terms it wants to change

Requires the fund to post online within 3 days when a qualified business fails to meet the terms of its written agreement, including details about unmet terms, number of jobs created or retained, total assistance received, and likelihood of fund recovery

Applies to the Michigan Business Development Program, which provides grants, loans, and economic assistance to businesses making qualified investments or creating new jobs in Michigan