21st Century Jobs Trust Fund (State Fund Management)

Current understanding

The 21st Century Jobs Trust Fund Act (2000 PA 489, MCL 12.251 et seq.) establishes a state trust fund used to support economic development, business attraction, and innovation initiatives administered through the Michigan Strategic Fund/MEDC framework. SB 1073 (tie-barred to SB 1072) proposes amendments to sections 7 and 8 (MCL 12.257 and 12.258) to modify how the fund is managed; the bill has been introduced. Specific changes to fund investment authority, distributions, or administrative provisions remain to be recorded from the bill text.

Evidence log

• 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.: cross-connection with michigan-strategic-fund-small-business: Both concern state-managed economic development funds administered through the Michigan Strategic Fund framework. (novelty: 2)
• 2026-06-10 — State management: funds; businesses that relocate a call center; deny certain state economic development incentives to. Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by adding sec. 15. TIE BAR WITH: HB 6070’26: cross-connection with call-center-relocation-incentive-denial: Both operate within the Michigan Strategic Fund framework (1984 PA 270); the call center provision would add a new eligibility bar affecting MSF-administered incentive programs. (novelty: 3)
• 2026-06-24 — State management: funds; 21st century jobs trust fund; modify. Amends secs. 7 & 8 of 2000 PA 489 (MCL 12.257 & 12.258). TIE BAR WITH: SB 1072’26: cross-connection with michigan-innovation-fund-earmark: The Michigan Innovation Fund income tax earmark directs revenue into the 21st Century Jobs Trust Fund; SB 1073 modifies management of that same fund. (novelty: 2)

Open questions

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