State Rep. Julie Calley this week helped lead the House in approving a $1.48 billion investment to offer relief to employers that continue to struggle from COVID shutdowns and help Michigan compete for economic development projects that bring new jobs to the state. 

The measure, approved by both the House and Senate with bipartisan support, provides relief for existing Michigan employers that continue to grapple with the lingering effects of the shutdowns – offering grants for the businesses hurt the most by the pandemic. The plan increases the small business personal property tax exemption from $80,000 to $180,000 and provides reimbursement to the local units of government. It also establishes a new fund the Legislature will be able to utilize to create incentives and prepare sites to attract new and growing businesses. It is funded entirely by federal COVID relief dollars allocated to the state.

Last week, the House approved creation of the Strategic Outreach and Attraction Reserve (SOAR) Fund, where the Legislature is now setting aside funding to compete for economic development projects. In addition to economic assistance for critical industries, the fund could be used to prepare future job sites for development and create workforce training opportunities. Calley said. “Job providers want shovel-ready sites with access to things like high-speed internet, reliable utility lines, dependable roads and bridges, and a pool of trained, knowledgeable people ready to get to work.”

The economic development plan now advances to the governor for her expected signature.