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Legislation watch
2021 Senate Bill 771: Create new corporate subsidy program
Public Act 136 of 2021
Introduced by Sen. Roger Victory R-Hudsonville on December 2, 2021
To create one of the corporate subsidy accounts Senate Bill 769 would authorize, to be called the “Critical Industry Fund,” which would give grants and loans to certain companies to create jobs or job training. Official Text and Analysis.
Referred to the Senate Government Operations Committee on December 2, 2021
Received in the House on December 14, 2021
Substitute offered by Rep. Ben Frederick R-Owosso on December 14, 2021
The substitute passed by voice vote in the House on December 14, 2021
Received in the Senate on December 14, 2021
To create one of the corporate subsidy accounts Senate Bill 769 would authorize, to be called the “Critical Industry Fund,” which would give grants and loans to certain companies to create jobs or job training. See also House Bill 5603, which authorizes another piece of the scheme, and Senate Bill 85, which authorizes spending $1 billion in state revenue to pay for it all.
Signed by Gov. Gretchen Whitmer on December 20, 2021