Michigan HB5418 modifies the Michigan Strategic Fund to enhance transparency and accountability in economic development programs.
Michigan HB5418 amends the Michigan Strategic Fund to require the fund to post information on its website about businesses that receive grants, loans, or other economic assistance. The fund must post the names and locations of businesses that receive assistance, the amount of assistance received, and whether the business has ceased operations in Michigan. The fund must also post notices when a business seeks to amend its written agreement or fails to meet the terms of its agreement.
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