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

Interim State Superintendent Named

Interim State Superintendent Named

Dr. Sue Carnell will serve as interim state superintendent, assuming the role when the current superintendent retires. Superintendent Dr. Michael Rice announced earlier this year his plans to retire from the role effective October 3. Dr. Carnell: She currently serves...

Governor Visits Germany

Governor Visits Germany

Following her investment mission to Singapore and Japan, Governor Gretchen Whitmer headed to Germany to lead Team Michigan at the IAA Mobility Conference. The goal of the visit was to strengthen Michigan’s commitment to strengthening international partnerships,...

Constitutional Amendment Proposed

Constitutional Amendment Proposed

Legislators’ pay would be withheld for failure to complete a state budget under a constitutional amendment introduced this week. Key Points: Senate Joint Resolution E was introduced by Senator Kevin Daley (R-Lum). It would amend the Michigan Constitution to prescribe...

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