Michigan House Bill HB6202

Michigan 2023-2024 Regular Session

• Introduced: 11/26/24
• Refer: 11/26/24

Caption

Economic development: obsolete property and rehabilitation; definition of eligible act 7 entity; revise to reflect change in obsolete property rehabilitation act. Amends sec. 3 of 2010 PA 275 (MCL 125.2953).

Impact

The proposed changes under HB6202 would have significant implications for state laws regarding economic development initiatives. By explicitly defining eligible entities and referencing the Michigan Strategic Fund, the bill enhances the capacity for local governments to initiate programs aimed at business attraction and community development. This could lead to more strategic investments in areas that are historically underserved due to economic disadvantages, thereby fostering growth in local employment and services.

Summary

House Bill 6202 aims to amend the Next Michigan Development Act by revising the definition of 'eligible act 7 entity' to align with changes in the Obsolete Property Rehabilitation Act. The bill seeks to enhance the ability of local governmental entities, particularly those in economically distressed areas, to come together and exercise their economic development powers more effectively. It encourages collaboration between counties and qualified local governments to attract business in a structured manner.

Contention

Despite the potential benefits, there are points of contention surrounding HB6202. Critics worry that amending the qualifications for eligible entities could lead to marginalization of certain communities that do not meet the new criteria, ultimately excluding them from access to necessary resources. Proponents argue that the bill focuses on optimizing resources for economic development where they are most needed, emphasizing a coordinated approach as essential for tackling the issues facing distressed areas.