The bills will create the Good Jobs for Michigan Program within the Michigan Strategic Fund through 2019 and will have a 30-day effective date. Senators Jim Stamas (R-Midland), Wayne Schmidt (R-Traverse City) and Steven Bieda (D–Warren) sponsored this critical jobs-creating legislation.

“MMA would like to thank the bill sponsors for championing this legislation to make Michigan competitive for large capital investments and job attraction,” says Mike Johnston, MMA vice president of government affairs. “We also applaud the Legislature for showing leadership on this issue and recognizing the importance of making Michigan more competitive.”

The bills would:

• Allow businesses creating 500 new jobs and paying the average wage in the prosperity region to capture 50 percent of income tax withholding for up to 5 years
• Allow businesses creating 250 new jobs and paying 125 percent of the average wage in the prosperity region to capture 100 percent of income tax withholding for up to 10 years
• Allow businesses creating 25 jobs and paying the average wage in the prosperity region, plus $5 million in personal property with 10 percent of the equipment used by the business, to capture a percentage of income tax withholding
• Allow businesses creating 3,000 jobs and paying the average wage in the prosperity region to capture a percentage of income tax withholding through an agreement with a primary supplier determining which business benefits from the capture
• Cap the total program at $200 million and 15 total projects
• Require local approval

The bills are now referred to as Public Acts 109-111 of 2017.

Contact Mike Johnston

Vice President of Government Affairs
Call 517-487-8554
E-mail johnston@mimfg.org