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SB 636

Economic development: other; Michigan BIDCO act; amend to reflect elimination of the Michigan strategic fund. Amends secs. 104 & 105 of 1986 PA 89 (MCL 487.1104 & 487.1105). TIE BAR WITH: SB 0631'25

2025-2026 Regular Session Introduced by Thomas Albert

SB 636 updates Michigan BIDCO statute to remove references to the eliminated Michigan Strategic Fund, affecting state economic development program structure.

REFERRED TO COMMITTEE ON GOVERNMENT OPERATIONS
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Bill Summary · SB 636

Legislative bill overview

SB 636 amends the Michigan Business and Industrial Development Corporation (BIDCO) Act to remove references to the Michigan Strategic Fund, which has been eliminated. The bill updates sections 104 and 105 of the 1986 Public Act 89 to reflect this administrative change and is tied to companion bill SB 631.

Why is this important

The Michigan Strategic Fund was a state economic development program that directed investments toward business development and job creation. Eliminating references to it in statute reflects broader changes to how Michigan structures its economic development initiatives, potentially affecting how BIDCO corporations operate and what funding mechanisms they can access.

Potential points of contention

  • Impact on economic development programs: Stakeholders may question whether eliminating the Strategic Fund reduces available tools for targeted economic development or if replacement mechanisms adequately serve businesses.
  • Ambiguity about replacement funding: The bill doesn't clarify what funding sources or mechanisms replace the Strategic Fund's role, creating uncertainty for BIDCO corporations and businesses relying on these programs.
  • Companion bill dependency: The tie-bar requirement with SB 631 suggests context is missing; the full impact cannot be assessed without reviewing the companion legislation and understanding the complete reform package.

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

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