Economic development: Michigan strategic fund; requirements related to the modification of a grant, loan, or other economic assistance with an existing qualified business; provide for. Amends secs. 9 & 88r of 1984 PA 270 (MCL 125.2009 & 125.2088r).

HB 5411 amends Michigan's Strategic Fund Act to strengthen transparency around economic development funding. It requires the Michigan Strategic Fund to provide detailed annual reports to the legislature and public, including specific data on job creation (new/retained, non-temporary), average salaries, financial assistance amounts, and bankruptcy notices for large recipients ($500,000+). The reports must also cover performance metrics for tourism promotion, venture capital investments, and community revitalization projects. These reports will be posted on the fund's website, making program outcomes and financial details publicly accessible.