Michigan Senate Bill SB0213

Michigan 2025-2026 Regular Session

• Introduced: 4/17/25
• Refer: 4/17/25
• Report Pass: 5/8/25
• Refer: 5/8/25

Caption

Economic development: other; strategic advisory board; create, and provide for the development of strategic plans. Amends title of 1984 PA 270 (MCL 125.2001 - 125.2094) & adds sec. 9c. TIE BAR WITH: SB 0214'25

Impact

The bill's enactment would introduce significant changes to Michigan's economic policy landscape. It requires the strategic advisory board to develop specific goals that will guide funding and project decisions. The plan must encompass various key aspects including support for natural resource-based industries, incentives for rural and urban economic development, and strategies for enhancing infrastructure. Additionally, it focuses on the identifications of key regions for regional development, thus encouraging localized approaches that respect the unique needs and characteristics of Michigan’s diverse communities.

Summary

Senate Bill 213, designated as the Michigan Strategic Fund Act, aims to enhance the economic development framework within Michigan. This bill mandates the establishment of the Michigan Strategic Fund, which will inherit the rights, properties, and responsibilities from the previous job development authority and the Michigan economic development authority. A salient feature of SB0213 is the creation of a strategic advisory board that will be responsible for formulating a comprehensive strategic plan detailing economic development activities for the state over the next decade, thereby aligning efforts to bolster the economy and improve residents' quality of life.

Contention

There are potential points of contention concerning the bill, primarily surrounding how well the strategic plan will address the diverse economic realities across urban and rural Michigan. Critics may argue that without adequate checks and balances, the Michigan Strategic Fund could disproportionately favor urban areas at the expense of rural communities. Moreover, there could be debates about the efficacy of the metrics and performance measures set forth in the strategic plan, particularly in ensuring tangible benefits for all residents, including those in underserved or economically disadvantaged areas. Ensuring that the strategic plan remains relevant and efficiently addresses changing economic challenges will be crucial.