Sec. 8.
(1) The fund shall develop procedures to evaluate types of business and industry and to set priorities as to which types of business and industry are most likely to provide significant opportunities for jobs and economic development in this state, consistent with the purposes of this act and of the fund. This evaluation shall include, but not be limited to, the location of the firm and the direct and indirect impact of assistance on state revenues and expenditures. Priorities shall be based on this evaluation and may give preference to any of the following:
(a) The retention of those businesses and industries which would be likely to leave the state absent economic incentives to remain.
(b) The revitalization and diversification of the economic base.
(c) Generating and retaining the greatest number of direct and indirect jobs.
(2) Based on the findings under subsection (1), the fund shall establish targets by which the operations and centers of the fund may be guided.
History: 1984, Act 270, Eff. Mar. 29, 1985
Popular Name: Strategic Fund
Last modified: October 10, 2016