Economic development: Michigan strategic fund; office of small business growth; establish. Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by adding ch. 7A.

This bill creates a new Office of Small Business Growth within the Michigan Strategic Fund to support businesses with fewer than 500 employees. The office will be led by a governor-appointed administrator who is responsible for coordinating state resources, providing technical assistance, and launching a one-stop website to help entrepreneurs navigate regulations and access funding. Key duties include facilitating job creation, streamlining business processes, and conducting outreach to inform small business owners about available programs and services. The office must also collect data on its activities and submit an annual report to the governor and the legislature.