2013 House Bill 4998 / 2014 Public Act 393

Appoint “entrepreneurs-in-residence” at Michigan Strategic Fund

Introduced in the House

Sept. 24, 2013

Introduced by Rep. Wayne Schmidt (R-104)

To require the state agency responsible for granting and overseeing selective tax breaks and subsidies granted to particular corporations or developers (the “Michigan Strategic Fund”) to appoint up to 10 “entrepreneurs-in-residence” to help the agency to “improve outreach to small business concerns;” identify inefficient or duplicative “economic development” programs; recommend ways to expand and improve the efficiency of these programs; and more.

Referred to the Committee on Commerce

Feb. 12, 2014

Reported without amendment

With the recommendation that the substitute (H-2) be adopted and that the bill then pass.

May 28, 2014

Substitute offered

The substitute passed by voice vote

June 3, 2014

Amendment offered by Rep. Wayne Schmidt (R-104)

To establish that if enacted the bill will go into effect 90 days afterwards.

The amendment passed by voice vote

Passed in the House 85 to 24 (details)

Received in the Senate

June 4, 2014

Referred to the Committee on Reforms, Restructuring, and Reinventing

Sept. 30, 2014

Reported without amendment

With the recommendation that the bill pass.

Dec. 4, 2014

Passed in the Senate 30 to 6 (details)

To require the state agency responsible for granting and overseeing selective tax breaks and subsidies granted to particular corporations or developers (the “Michigan Strategic Fund”) to appoint up to 10 “entrepreneurs-in-residence” to help the agency to “improve outreach to small business concerns;” identify inefficient or duplicative “economic development” programs; recommend ways to expand and improve the efficiency of these programs; and more.

Signed by Gov. Rick Snyder

Dec. 18, 2014