Economic development: renaissance zones; designation of renaissance zone; modify. Amends secs. 3, 4, 6, 8a & 12 of 1996 PA 376 (MCL 125.2683 et seq.).

This bill amends the Michigan Renaissance Zone Act to update the definitions of specific business types and facilities eligible for economic development zones. It clarifies categories such as agricultural processing, forest products processing, and border crossing facilities, while introducing new definitions for businesses involved in multimodal commerce like shipping, distribution, and manufacturing. These changes aim to refine the criteria for establishing renaissance zones, ensuring that the program accurately targets industries related to trade, logistics, and regional economic growth.