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SB 660

Economic development: other; economic development corporations act; amend to reflect elimination of the Michigan strategic fund. Amends sec. 23 of 1974 PA 338 (MCL 125.1623). TIE BAR WITH: SB 0631'25

2025-2026 Regular Session Introduced by Thomas Albert and 1 co-sponsor

Removes references to Michigan's eliminated Strategic Fund from state economic development law to update statutory language reflecting current programs.

REFERRED TO COMMITTEE ON GOVERNMENT OPERATIONS
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Bill Summary · SB 660

Legislative bill overview

SB 660 amends Michigan's Economic Development Corporations Act to remove references to the Michigan Strategic Fund, which has been eliminated. This is a technical/cleanup bill that updates state law to reflect an already-discontinued funding mechanism and is tied to companion legislation SB 631.

Why is this important

The Michigan Strategic Fund was a state economic development financing tool. Removing outdated statutory language prevents confusion about available funding sources and clarifies which economic development mechanisms are actually operational. This affects businesses, economic development organizations, and local governments that rely on state development incentives.

Potential points of contention

  • Lack of transparency on fund elimination: The bill assumes the Strategic Fund elimination occurred, but doesn't explain when/why or what replaced it—leaving unclear what economic development tools remain available
  • Timing with tie-bar legislation: The required connection to SB 631 means this cannot pass independently, limiting legislative flexibility and potentially holding up a technical fix
  • Impact on existing commitments: No information provided about whether eliminating the fund affects any outstanding agreements or obligations made under it

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

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