Michigan SB1009 amends the Michigan Strategic Fund to include small businesses in allowable uses of funds.
Michigan SB1009 amends the Michigan Strategic Fund to include small businesses in allowable uses of funds. The fund will create a small business program to award grants to eligible applicants for the creation, growth, and retention of small businesses. The fund will prioritize and support the development of small businesses. The bill also mandates detailed reporting and audits of the fund's activities, including financial assistance provided, jobs created, and investments made.
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