Whitmer Signs Economic Development Legislation

From the Associated Press — Governor Gretchen Whitmer has signed legislation to bolster Michigan’s appeal to businesses. The legislation creates the Strategic Outreach and Attraction Reserve Fund, which will be funded from state revenue, with $1
billion to be used for assistance to companies. Funds totaling $409 million will also be allocated to support restaurants, gyms and other areas of business highly impacted by the COVID-19 pandemic. The legislation, which includes four bills, passed the GOP-led Legislature with bipartisan support. Whitmer applauded the legislation, which she called a “collaboration between legislative
leadership, my administration, and community and business leaders” in a news release Monday.