Michigan Compiled Laws Act 198 Of 1984 Michigan Business Incubation Act (125.1571 - 125.1586)

AN ACT to encourage and assist in the establishment and expansion of certain small businesses within this state through the creation of business incubation centers; to provide for community boards and to prescribe their powers and duties; to prescribe the duties of the department of commerce; to prescribe the duties of, and certain benefits provided to, lessees of business incubation centers; and to make an appropriation.

History: 1984, Act 198, Imd. Eff. July 3, 1984

Compiler's Notes: For transfer of powers and duties under the Michigan business incubation act from the department of commerce to the chief executive officer of the Michigan jobs commission, see E.R.O. No. 1996-2, compiled at MCL 445.2001 of the Michigan Compiled Laws.

Section 125.1571 Short Title.
This act shall be known and may be cited as the “Michigan business incubation act”. History: 1984, Act 198, Imd. Eff. July 3, 1984...
Section 125.1572 Definitions.
As used in this act: (a) “Business incubation center” or “center” means a building described in section 3. (b) “Community board” or “board” means...
Section 125.1573 Designation Of Business Incubation Centers; Purpose; Title To Or Lease Of Building; Priority Of Proposals.
(1) Upon receipt of a petition from a community board pursuant to section 5, the department shall designate, in whole or in part, not...
Section 125.1574 Community Board; Appointment Or Designation; Membership; Chairperson; Compensation Prohibited; Terms; Conducting Business At Public Meeting; Notice; Availability Of Writings To Public; Disclosing Matters Of Proprietary Nature.
(1) A local governmental unit or educational institution or other organization that desires to have a vacant or nearly vacant building designated, in whole...
Section 125.1575 Community Board; Duties; Petition For Designation.
(1) Upon appointment, the community board shall do all of the following: (a) Identify the building or part of the building under consideration for...
Section 125.1576 Feasibility Study; Factors; Notice Of Decision; Reapplication Or Designation.
(1) After filing a petition pursuant to section 5, the community board, in cooperation with the department, shall conduct and complete within 180 calendar...
Section 125.1577 Period Of Designation; Return Of Building To Previous State; Notification; Publicizing Closing Date.
(1) Except as provided in subsection (2), a designation of a building as a business incubation center shall remain in effect for 15 years...
Section 125.1578 Application To Start Or Expand Small Business In Business Incubation Center; Contents; Waiver For Existing Business.
(1) When a building is designated as a business incubation center by the department, its community board shall accept applications from persons desiring to...
Section 125.1579 Evaluation Of Applicants; Factors; Notice Of Rejection; Notice Of Favorable Evaluation.
(1) A community board shall evaluate applicants who want to start or expand a small business and to locate within the business incubation center...
Section 125.1580 Report; Hiring Management Consultants Or Contracting With Management Consulting Firm.
(1) A community board shall report in writing at least annually to the department on the activities of the board and the center. The...
Section 125.1581 Lessee Of Business Incubation Center; Duties.
A lessee of a business incubation center shall do all of the following: (a) Pay rent, which amount shall be determined by the board....
Section 125.1582 Lessee Benefits.
(1) In return for his or her monthly rent, a lessee of a business incubation center shall receive the following benefits: (a) Physical space...
Section 125.1583 Powers And Duties Of Department Generally.
(1) The department shall work closely with business incubation centers, offering advice and assistance when possible, and shall promote, through advertising and other appropriate...
Section 125.1584 Administration Of State Funding.
(1) The department shall administer state funding for the centers it designates. (2) During the first 3 years of operation, the department shall provide...
Section 125.1585 Annual Appropriation.
The legislature annually shall appropriate a sum sufficient to implement this act. History: 1984, Act 198, Imd. Eff. July 3, 1984
Section 125.1586 Reports.
The department shall submit to the senate and house committees that have the responsibility for economic development matters 2 reports covering the effectiveness of...

Last modified: October 10, 2016