MSF; STRATEGIC AND OPERATIONAL ADV. BOARD S.B. 1116 (S-1) & 1117 (S-1):
SUMMARY OF BILL
REPORTED FROM COMMITTEE
Senate Bills 1116 and 1117 (Substitute S-1 as reported)
Sponsor: Senator Mallory McMorrow (S.B. 1116)
Senator John N. Damoose (S.B. 1117)
Committee: Economic and Community Development
CONTENT
Senate Bill 1117 (S-1) would amend the Michigan Strategic Fund Act to create the Strategic
Advisory Board (Board) within the Michigan Strategic Fund (MSF) and prescribe its members
and responsibilities.
Senate Bill 1116 (S-1) would amend the Michigan Strategic Fund Act to do the following:
-- Require the Board to develop a 10-year strategic economic plan within a year of the bill’s
effective date.
-- Require the Michigan Economic Development Corporation (MEDC) to update the strategic
plan annually thereafter.
-- Prescribe the components of the strategic plan, including the identification of goals for
economic development anchored in population growth and prosperity of residents and
strategies to achieve those goals, among other things.
-- By May 1, 2026, and annually after, require the MEDC to compile a report on the plans,
submit the report to the Governor and certain House and Senate committees, and publish
the report on the MSF or the MEDC’s website.
The bills are tie-barred.
Proposed MCL 125.2009c (S.B. 1116)
Proposed MCL 125.2009a & 125.2009b (S.B. 1117)
BRIEF RATIONALE
Michigan is a swing state, a state in which the country’s two major political parties have
similar levels of support among voters. As a result, control of the State’s administration may
change from election to election. Testimony before the Senate Committee on Economic and
Community Development indicates that businesses may view the State’s political variability
as a disadvantage when considering whether to relocate. Reportedly, businesses prefer
consistency, which some believe Michigan lacks. Accordingly, it has been suggested that the
State adopt a long-term, unifying economic development strategy to offer consistency to
current and prospective businesses.
Legislative Analyst: Abby Schneider
FISCAL IMPACT
The bills would have an indeterminate negative fiscal impact on the MSF and no impact on
local units of government. The Department of Labor and Economic Opportunity would incur
the costs for staff or support provided to the Board. Members of the Council would serve
without compensation: however, they could be reimbursed for actual and necessary expenses
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incurred while serving. The typical annual costs to support an advisory council can range from
$10,000 to $200,000, depending on the travel expenses and staff demands. It is likely that
these costs could be absorbed within existing appropriations.
Date Completed: 12-12-24 Fiscal Analyst: Cory Savino, PhD
SAS\Floors2324\sb1116
This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official
statement of legislative intent.
Page 2 of 2 Bill Analysis @ www.senate.michigan.gov/sfa sb1116/1117/2324


Statutes affected:
Substitute (S-1): 125.2001, 125.2094
Senate Introduced Bill: 125.2001, 125.2094