SB 925·MI·senate
Economic development: Michigan strategic fund; community development tax credit program; establish and administer. Amends secs. 7 & 9 of 1984 PA 270 (MCL 125.2007 & 125.2009). TIE BAR WITH: SB 0923'26
In CommitteeFiled Apr 23, 2026
Sponsor: John Damoose (R)
Latest Action
REFERRED TO COMMITTEE ON ECONOMIC AND COMMUNITY DEVELOPMENT
Apr 23, 2026
Summary
The legislation amends the Michigan Strategic Fund Act to give the fund broader authority to make loans, grants, investments, acquire and manage property, and oversee job‑training and brownfield programs. It also requires the fund to report its activities to state leaders. The changes aim to give the fund more tools to support economic development projects.
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