Fiscal Year Revenue Declines

Fiscal Year Revenue Declines

The House Fiscal Agency released its latest monthly revenue report, outlining the collections for the month. Additionally, as October marked the end of the 2022-2023 Fiscal Year, the report laid out the collections for the fiscal year and how they lined up to the...
R&D Tax Credit Approved

R&D Tax Credit Approved

The House approved a bipartisan plan creating the Research and Development (R&D) Tax Credit Program. Currently, 37 states have a version of an R&D tax credit. Furthermore, Michigan is the only midwestern state without such a program. Key Points: The tax...
Legislation Introduced Setting Cleanup Standards

Legislation Introduced Setting Cleanup Standards

Democratic members in the House and Senate introduced legislation setting more stringent cleanup standards with the goal of preventing sites from becoming “orphaned.” Key Points: Provides additional information to the Department of Environment, Great Lakes, and Energy...
National Marketing Campaign to Grow Talent Launches

National Marketing Campaign to Grow Talent Launches

A new talent attraction marketing campaign was launched nationally this week, with the goal of growing Michigan’s population and driving the state’s economic future forward. Key Points: Named the “You Can in Michigan” campaign. According to the Michigan Economic...
R&D Tax Credit Approved

Economic Development Package Proposed

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...