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SB 489

Appropriations: supplemental; funding for the strategic outreach and attraction reserve fund; modify. Creates appropriation act & repeals secs. 109, 351, 352 & 353, art. 9 of 2024 PA 121.

2025-2026 Regular Session Introduced by Thomas Albert

Michigan bill appropriates supplemental funds to its Strategic Outreach and Attraction Reserve Fund for business incentives while repealing prior appropriation limitations.

REFERRED TO COMMITTEE ON ECONOMIC AND COMMUNITY DEVELOPMENT
#appropriations:supplemental #economicdevelopment:other #stateagencies(existing):laborandeconomicopportunity #statemanagement:funds
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Bill Summary · SB 489

Legislative bill overview

SB 489 creates a supplemental appropriation and establishes funding for Michigan's Strategic Outreach and Attraction Reserve Fund while repealing four specific sections from the 2024 Public Act 121. The bill modifies existing appropriations and fund structures related to economic development initiatives.

Why is this important

The Strategic Outreach and Attraction Reserve Fund is Michigan's mechanism for competitive economic incentives to attract and retain businesses. Changes to this fund's appropriations directly affect the state's capacity to offer incentive packages to companies considering location or expansion in Michigan, which has real implications for job creation and regional economic competition.

Potential points of contention

  • Fiscal impact transparency: The bill title doesn't specify the supplemental appropriation amount, making it unclear what taxpayer resources are being allocated without reviewing the full text
  • Repealed sections: Removing sections 109, 351-353 from PA 121 reverses prior policy decisions; the rationale and consequences of these repeals aren't evident from the title alone
  • Economic development philosophy: Questions about whether reserve fund incentives represent effective economic policy versus corporate subsidies that benefit specific companies over general taxpayers

Compiled from official sources — confirm details with the bill’s official record.

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