Senate sends SmartZone legislation to governor
LANSING—The Senate today sent legislation to the governor that would allow more Michigan communities to take advantage of SmartZones to expand their economic growth opportunities, said Sen. Randy Richardville.
“This legislation is very important for struggling Michigan communities,” said Richardville, R-Monroe. “SmartZones can attract high-paying jobs and help develop an educated workforce. I hope that the governor approves the measures quickly so that more areas can begin taking advantage of the SmartZone program.”
Senate Bill 1203, sponsored by Richardville, would allow three existing SmartZones to join with another municipality to extend the zones to provide greater access to business incubators during this time of limited state funding. House Bill 5609 will create three SmartZones.
SmartZones are areas where business and school taxes can be captured to help pay for public infrastructure improvements.
The governor is expected to sign the legislation.
Posted: Tuesday, April 15, 2008
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