Michigan Strategic Fund Small Business Funding

Current understanding

To be populated as evidence accumulates.

2026-02-11 — Economic development: other; eligibility for stock buybacks during the period of award if awarded an economic incentive; prohibit. Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by adding sec. 7c.: cross-connection with economic-incentive-stock-buyback-prohibition: Both operate under the Michigan Strategic Fund Act (1984 PA 270); the buyback prohibition would attach a new condition to incentive awards administered under that framework. (novelty: 3)
2026-05-21 — Economic development: Michigan strategic fund; allowable use of funds; include small businesses. Amends sec. 9 of 1984 PA 270 (MCL 125.2009) & adds ch. 8F.: HB6015 (introduced) would amend sec. 9 of 1984 PA 270 (MCL 125.2009) and add ch. 8F to the Michigan Strategic Fund Act to expressly allow fund resources to be used for small businesses. (novelty: 2)