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HB 4491

Economic development: other; application process for critical industry program and Michigan strategic site readiness program; revise. Amends secs. 88s & 88t of 1984 PA 270 (MCL 125.2088s & 125.2088t) & adds sec. 7c.

2025-2026 Regular Session Introduced by Greg Alexander and 12 co-sponsors

Michigan streamlines business application procedures for critical industry and site readiness economic development incentive programs.

bill electronically reproduced 05/13/2025
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Bill Summary · HB 4491

Legislative bill overview

HB 4491 revises the application processes for Michigan's Critical Industry Program and Strategic Site Readiness Program, both economic development initiatives designed to attract and retain major employers. The bill amends existing statutory sections to streamline or modify how businesses apply for these incentive programs and related benefits.

Why is this important

These programs offer tax credits, grants, and site preparation assistance to companies that meet certain investment and job creation thresholds. Changes to application procedures could affect how quickly businesses access incentives, which state officials argue impacts Michigan's competitiveness in attracting manufacturing and other strategic industries.

Potential points of contention

  • Application complexity vs. accountability: Streamlining applications may reduce administrative burden but could raise questions about whether adequate vetting occurs to ensure public funds support genuinely beneficial projects
  • Program effectiveness tracking: Modifications to application processes may complicate the state's ability to measure whether incentives actually deliver promised economic returns
  • Equity and access concerns: Changes could disproportionately benefit large corporations with resources to navigate programs versus smaller or emerging businesses

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

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