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MI SB0663
MI SB0663Economic development: other; Michigan strategic fund centers; amend to reflect elimination of the Michigan strategic fund. Amends title & sec. 2 of 2006 PA 317 (MCL 125.1972). TIE BAR WITH: SB 0631'25
summary
Introduced
10/30/2025
10/30/2025
In Committee
10/30/2025
10/30/2025
Crossed Over
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 the title and section 2 (MCL 125.1972), as amended by 2010 PA 337.
AI Summary
This bill amends an existing law to transfer the Michigan Defense Center from the Michigan Strategic Fund to a new Bureau of Fair Competition and Free Enterprise, updating terminology and operational guidelines in the process. The bill changes references from "Procurement Technical Assistance Center" to "APEX Accelerator" and modifies the center's core functions, which include focusing on job creation and retention through homeland security and defense contracts, prioritizing opportunities in municipalities affected by manufacturing layoffs, and coordinating with businesses and nonprofits to maximize defense-related business opportunities. The bill specifies that the center must hire an executive director and support staff, with future changes to staffing and business plans requiring bureau approval. It also mandates that entities receiving grants or loans from the Michigan Defense Center must report annually on how funds were used and the number of defense contracts secured. The bill includes definitions for key terms like "bureau," "Michigan defense center," and "small business," and it is tied to the passage of another related bill (Senate Bill 631). Importantly, the bill eliminates certain provisions related to the Michigan Strategic Fund's oversight and transfers the center's responsibilities to the new bureau.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Referred To Committee On Government Operations (on 10/30/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.mi.gov/Bills/Bill?ObjectName=2025-SB-0663 |
| BillText | https://legislature.mi.gov/documents/2025-2026/billintroduced/Senate/htm/2025-SIB-0663.htm |
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