Budget & Taxes (Appropriations · Economic Development)

SB 491 requires the Michigan Department of Technology, Management, and Budget to periodically evaluate economic development incentives, with specific timelines based on program type. It mandates evaluations for SOAR projects (funded by the Strategic Outreach and Attraction Reserve) "as often as necessary," and for other incentives at least every 4-6 years depending on funding size. The department must contract independent evaluators, complete reviews within 270 days, and publish results on its website. This directly affects the Michigan Strategic Fund, state agencies administering incentives, and businesses receiving tax breaks, grants, or other economic development support.