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SENATE BILL NO. 1010
A bill to amend 1984 PA 270, entitled
"Michigan strategic fund act,"
(MCL 125.2001 to 125.2094) by adding chapter 7A.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
CHAPTER 7A 1
Sec. 79b. As used in this chapter: 2
(a) "Administrator" means the small business administrator who 3
serves as the head of the office as described in section 79c. 4
(b) "Office of small business growth" or "office", unless the 5
context clearly implies a different meaning, means the office of 6
May 21, 2026, Introduced by Senator ANTHONY and referred to Committee on Appropriations.
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small business growth created in section 79c. 1
(c) "Small business" means a business concern incorporated or 2
doing business in this state, including the affiliates of the 3
business concern, that is independently owned and operated and that 4
employs fewer than 500 full-time employees. 5
Sec. 79c. (1) The office of small business growth is created 6
in the fund. The office shall provide support for small businesses 7
as described in this chapter. 8
(2) The head of the office of small business growth is the 9
small business administrator, who shall be appointed by the 10
governor with the advice and consent of the senate. 11
(3) The individual appointed administrator must be qualified 12
by training and experience to perform the duties and exercise the 13
powers of the administrator and the office as provided in this 14
chapter. 15
(4) The governor may remove the administrator from office for 16
cause, including, but not limited to, incompetence, official 17
misconduct, habitual or willful neglect of duty, or other 18
misfeasance or malfeasance in connection with the operation of the 19
office. If the administrator is removed from office, the governor 20
shall report the reason for the removal to the legislature. 21
(5) The administrator shall not be actively involved in 22
political party activities or publicly endorse, solicit funds for, 23
or make contributions to political parties or candidates for 24
elective office. The administrator shall not engage in any other 25
occupation, business, or profession likely to detract from the 26
full-time performance of the individual's duties as administrator 27
or to result in a conflict of interest or an appearance of 28
impropriety or partiality. 29
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Sec. 79d. (1) The office of small business growth shall do all 1
of the following: 2
(a) Facilitate the creation, growth, and retention of small 3
business jobs in this state. 4
(b) Coordinate programs across state government that pertain 5
to small businesses and coordinate with other state agencies that 6
provide services to small businesses to create a business-friendly 7
environment that streamlines processes and promotes a positive 8
customer service experience. 9
(c) Create and maintain a 1-stop website that does all of the 10
following: 11
(i) Provides step-by-step instructions on the governmental 12
requirements of how to start and operate a business in this state. 13
(ii) Serves as a comprehensive resource of grants, loans, and 14
other economic incentives available for small businesses in this 15
state. 16
(iii) Directs small businesses to the websites of all relevant 17
business organizations and governmental entities governing their 18
business based on location and type of business. 19
(d) Aid and assist small businesses and entrepreneurs in this 20
state. 21
(e) Work to create a business environment that encourages and 22
sustains entrepreneurship in this state. 23
(f) Provide technical assistance to small businesses, 24
including, but not limited to, guidance regarding business 25
planning, regulatory compliance, financial management, marketing, 26
operations, technology, and accessing capital. 27
(g) Conduct statewide outreach to inform entrepreneurs and 28
small businesses of the resources, programs, and services available 29
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to them in this state. 1
(h) Seek additional funding through federal grants, 2
philanthropic sources, and other avenues. 3
(2) The office may do 1 or more of the following: 4
(a) Administer programs for small businesses, including, but 5
not limited to, loan, grant, or other financing or economic 6
development programs. 7
(b) Conduct workshops, seminars, and trainings for 8
entrepreneurs and small businesses. 9
(c) Identify and recommend changes to state statutes or rules 10
that would benefit entrepreneurs and small businesses. 11
(d) Take any other action that would assist small businesses 12
and entrepreneurs in this state. 13
(3) Any powers or duties of the fund pertaining to small 14
businesses may be delegated to and exercised or performed by the 15
office. 16
Sec. 79e. (1) As part of its activities under this chapter, 17
the office of small business growth shall collect and analyze data 18
on program outcomes. 19
(2) Not later than April 10 of each year, the office shall 20
submit a report to the board, each member of the legislature, the 21
governor, the clerk of the house of representatives, the secretary 22
of the senate, and the senate and house fiscal agencies regarding 23
its activities in the immediately preceding state fiscal year, 24
including a summary of the data collected under subsection (1). 25