The following is a statement from the Lansing Regional Chamber of Commerce and the Lansing Economic Area Partnership (LEAP) regarding the passage of a package of bills designed to support Michigan’s economic development efforts:
The State legislature has demonstrated extraordinary leadership in adopting a package of bills that create incentives to land significant jobs and investment projects, including those in EV/battery and semiconductor industries. HB 5602, SB 770/HB 5603 and SB 771/HB 5604 create a strategic site readiness program to provide grants, loans, and other economic assistance to develop investment-ready sites to attract and promote investment in this state. These bills also create a critical industry investment fund that will allow Michigan to make game-changing necessary investments to businesses that close deals and create and preserve skilled jobs while generating significant capital investment.
LEAP and the Chamber proudly advocated for these bills, talking with state legislators about how these bills will enable our region and the state to secure a stable economic future.
Thank you to the following members in the State Senate and State House from the Capitol Caucus for their support:
✓ State Senator Curtis Hertel, Jr (D-East Lansing)
✓ State Representative Sarah Anthony (D-Lansing)
✓ State Representative Julie Brixie (D-Meridian Township) ✓ State Representative Graham Filler (R-Dewitt)
✓ State Representative Ben Frederick (R-Owosso)
✓ State Representative Kara Hope (D-Holt)
✓ State Representative Sarah Lightner (R-Eaton Rapids)
✓ State Representative Angela Witwer (D-Delta Township)
As these bills are set for final passage next week, Michigan will find itself in the position to compete for an unprecedented number of economic development projects that will benefit generations to come. Thank you to our Capitol Caucus members in the State Legislature, who again demonstrated a bipartisan willingness to step and do the right thing to lead Michigan into an important new era of economic development that has the potential to radically transform our state over the next decade and beyond.