Establishes the strategic site readiness fund within the department of economic development to cultivate a resource of commercial, industrial sites that are readily available to new businesses, established businesses that are considering moving to the state, or existing businesses within the state that need additional sites to remain or expand within the state; appropriates five hundred million dollars therefor.
Directs the department of veterans' services and the department of economic development to make available on their website information about federal and state programs available to businesses that employ veterans.
To Require A Report Concerning Economic Development Funding Supporting Organizations Or Programs For New Businesses Or Businesses Established Within The Previous Five Years.
Grants a preference to New York state businesses in the state contract award process where the New York state business' bid is within five percent of the winning bid.
Requires regulating bodies provide businesses with notice of new rules and regulations within sixty days of such rule or regulation being filed with the secretary of state; provides businesses are given one hundred eighty days to comply with any such rules or regulations.
Economic development: Michigan strategic fund; Michigan strategic fund act; amend to reflect elimination of the strategic outreach and attraction reserve fund, Michigan strategic site readiness program, and critical industry program. Amends sec. 9 of 1984 PA 270 (MCL 125.2009). TIE BAR WITH: HB 5294'25