Changes to Renaissance Zones Signed Into Law

May 24, 2024

by Liz Gullett

As MLC’s Communications and Social Media Manager, Liz Gullett keeps clients informed and up-to-date on the goings on in Lansing and the Capitol.

Governor Gretchen Whitmer signed bipartisan legislation to streamline Renaissance Zones, a state program that incentivizes job growth and investment in areas of the state that need more of both. This change aims to cut red tape and incentivize more businesses to utilize these low-cost zones, supporting regional economic development.

Key Points:

    • House Bill 5096 was sponsored by Representative Kristian Grant (D-Grand Rapids).
    • It removes specific business categories companies needed to fall under when attempting to establish in a Renaissance Zone.
    • The bill simplifies the process for using the zones and encourages the development of more businesses in the reduced tax areas.
    • Renaissance Zones have already generated more than $3 billion in private investment and more than 10,000 jobs. These numbers are expected to grow with the signing of today’s

Renaissance Zones:

    • Renaissance Zones were established to stimulate economic growth and development in specific geographic areas that had previously been left behind or left out of other programs.
    • Previously, these Renaissance Zones had strict categories that defined the projects and businesses that could be established within them.

Michigan Legislative Consultants is a bipartisan lobbying firm based in Lansing, Michigan. Our team of lobbyists and procurement specialists provide a wide range of services for some of the most respected companies in America. For more on MLC, visit www.mlcmi.com or connect with us on LinkedIn and Twitter.

Recent Posts

Five Things We’re Reading

Five Things We’re Reading

Below are some articles the MLC lobby team has been reading this past week. We hope you find them as interesting and useful as we do. Scientists Say Our Consciousness May Actually Be Altering Reality – How might the latest research change how we view consciousness and...

Last Week on the MLC Blog

Last Week on the MLC Blog

Over the past week, we covered these topics on the MLC Blog… The Michigan House of Representatives passed a bipartisan proposal aimed at supporting public safety and reducing violence statewide. Legislation reversing course on a law enacted last session, moving energy...

House Votes for Public Safety Trust Fund

House Votes for Public Safety Trust Fund

The Michigan House of Representatives passed a bipartisan proposal aimed at supporting public safety and reducing violence statewide. According to recent FBI data, four of the 20 most violent cities in the nation are in Michigan Key Points: House Bills 4260 – 4261...

Looking for older articles?

We’ve recently made improvements to our blog to provide a better user experience. If you’re searching for older posts, click here to search our archive.

Michigan Legislative Consultants

Michigan Legislative Consultants
110 W. Michigan Avenue
Suite 500
Lansing, MI 48933
517.372.2560
517.372.0130 fax

1001 Woodward Avenue
Suite 500
Detroit, MI 48226

MLC is proud to be the Michigan member of NASL