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.
Key claim: HB6015 would amend the Michigan Strategic Fund Act to allow fund resources to be used for small businesses.
Abstract
(HB6015 · 103rd Legislature) 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. Sponsor: Rep. Nancy Jenkins-Arno ® + 5 co-sponsors In committee: H Economic Competitiveness Latest action (2026-06-02): Bill Electronically Reproduced 05/21/2026
[This finding represents 2 closely related documents issued 2026-05-21 (same source, same action). Related: legiscan:2151266:introduced]
Why this matters
The Michigan Strategic Fund is a primary vehicle for state business incentives, and expanding its allowable uses to explicitly include small businesses would broaden which employers can access state economic-development resources historically directed at larger deals. For workers and taxpayers, this shifts the pool of firms eligible for public support and the mix of jobs those dollars underwrite. The proposal is at the introduced stage, so eligibility criteria and dollar impacts remain to be defined.