Economic development: Michigan strategic fund; community development tax credit program; establish and administer. Amends secs. 7 & 9 of 1984 PA 270 (MCL 125.2007 & 125.2009). TIE BAR WITH: HB 5798'26, HB 5809'26

This bill updates the Michigan Strategic Fund Act to expand the powers and duties of the Michigan Economic Development Corporation (MEDC). It allows the fund to establish and operate a job training program for workers and a brownfield historic investment program for specific capital projects. Additionally, the legislation clarifies the fund's authority to issue bonds for a special entity dedicated to settling a specific legal claim against the state. These changes aim to provide the MEDC with clearer legal tools to manage grants, loans, and investments while pursuing economic development goals.