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MI SB0027
MI SB0027Economic development: Michigan strategic fund; procurement technical assistance center (PTAC); update to APEX Accelerator. Amends sec. 2 of 2006 PA 317 (MCL 125.1972).
summary
Introduced
01/23/2025
01/23/2025
In Committee
12/18/2025
12/18/2025
Crossed Over
02/25/2025
02/25/2025
Passed
Dead
Introduced Session
103rd Legislature
Bill Summary
A bill to amend 2006 PA 317, entitled"An act to create certain entities in the Michigan strategic fund; to impose certain duties and responsibilities on those entities and on certain state employees and public employees; and to repeal acts and parts of acts,"by amending section 2 (MCL 125.1972), as amended by 2010 PA 337.
AI Summary
This bill updates the Michigan defense center's operations by replacing references to "procurement technical assistance center" (PTAC) with "APEX Accelerator" throughout the existing law. The bill maintains the center's core mission of creating and retaining jobs through homeland security and defense contracts, with a specific focus on supporting small businesses in Michigan. The Michigan defense center will continue to prioritize bringing defense business opportunities to municipalities most impacted by manufacturing layoffs, coordinate with businesses and nonprofits to maximize defense contract opportunities, and require grant or loan recipients to report annually on how funds were used and the number of defense contracts secured. The bill also clarifies that the center cannot use state funds to construct or renovate its own building, and defines key terms like "small business" (fewer than 400 employees) and "municipality" (township, village, city, or county). The legislation aims to streamline and update the existing framework for supporting defense-related economic development in Michigan.
Committee Categories
Business and Industry, Government Affairs
Sponsors (1)
Last Action
Referred To Second Reading (on 12/18/2025)
Official Document
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