Economic Development Package Proposed

Oct 6, 2023

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.

Legislation seeking to modernize and transform Michigan’s largest economic development tool was introduced this week. The proposal transforms the Strategic Outreach and Attraction Reserve (SOAR) Fund into the Make It In Michigan Fund, a community-based approach to economic development.

Key Points:

    • The Make It In Michigan Fund would be comprised of three programs; Michigan 360, the Strategic Site Readiness Fund, and the Critical Industry Program.
    • The proposed fund focuses on long-term success by prioritizing investment opportunities that can withstand changes in the economy and business decisions.
    • 20% of funding would be used for community development.

Next Steps:

    • The bills were referred to the Senate Economic and Community Development Committee.

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.

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