2021 House Bill 5603 / Public Act 134

Create new corporate subsidy program

Introduced in the House

Dec. 2, 2021

Introduced by Rep. Julie Calley (R-87)

To create one of the corporate subsidy accounts House Bill 5602 would authorize, to be called the “Strategic Site Readiness Fund,” which would give grants and loans to certain companies to create “investment-ready sites” for new job producing plants and facilities.

Referred to the Committee on Government Operations

Dec. 8, 2021

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

Amendment offered by Rep. Shri Thanedar (D-3)

To revise "clawback" provisions for companies that take the subsidies but don't produce the jobs or investments, by adding a penalty equal to 25% of the subsidies they have collected.

The amendment failed by voice vote

Amendment offered by Rep. Rachel Hood (D-76)

To require the state officials in charge of determining which companies get these selective subsidies to consider whether a prospective recipient will to hire and employ Michigan workers.

The amendment failed by voice vote

Amendment offered by Rep. John Cherry (D-49)

To reduce the minimum size of a parcel a potential corporate subsidy recipient must develop to qualify for certain extra benefits.

The amendment failed by voice vote

Amendment offered by Rep. Yousef Rabhi (D-53)

To remove a qualification on the criteria that prospective corporate subsidy recipients must meet to get the money.

The amendment failed by voice vote

Passed in the House 83 to 21 (details)

Received in the Senate

Dec. 9, 2021

Referred to the Committee of the Whole

Dec. 14, 2021

Passed in the Senate 25 to 11 (details)

To create one of the corporate subsidy accounts Senate Bill 769 would authorize, to be called the “Strategic Site Readiness Fund,” which would give grants and loans to certain companies to create “investment-ready sites” for new job producing plants and facilities. See also Senate Bill 84, which authorizes spending $1 billion in state revenue to pay for this.

Received in the House

Dec. 14, 2021

Passed in the House 81 to 22 (details)

Signed by Gov. Gretchen Whitmer

Dec. 20, 2021