Economic Development 

Michigan Laws > Chapter 125 > Act 198 of 1984 > § 125.1573 - Designation of business incubation centers; purpose; title to or lease of building; priority of proposals

Sec. 3.

(1) Upon receipt of a petition from a community board pursuant to section 5, the department shall designate, in whole or in part, not more than 10 vacant or nearly vacant buildings as business incubation centers for the purpose of encouraging and assisting, as described in this act, the establishment and expansion of small businesses within this state. A community board described in section 4, a local governmental unit, or an educational institution may hold title to the building or may lease the building from the title holder.

(2) In designating business incubation centers, priority shall be given to those proposals that the department determines conform with all of the following:

(a) Will generate a significant number of jobs.

(b) Are supported by 2 or more proximate local governmental units, or 1 local governmental unit and at least 1 educational unit, each of which agrees to contribute monetarily or in kind to the center.

(c) Are supported by local representatives of business, labor, and education.

(d) Have financial commitment of at least 50% of the projected unreimbursed costs of the establishment and maintenance of the center for a 3-year period. As used in this subdivision:

(i) "Costs of the establishment" includes the fair market rental value of the center.

(ii) "Unreimbursed costs" means total costs less rental receipts.

History: 1984, Act 198, Imd. Eff. July 3, 1984

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Questions & Answers: Economic Development

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Michigan Laws: Economic Development

U.S. Code Provisions: Economic Development

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U.S. Code > Title 15 > Chapter 14A - Aid To Small Business

U.S. Code > Title 15 > Chapter 14B - Small Business Investment Program

U.S. Code > Title 15 > Chapter 15 - Economic Recovery

U.S. Code > Title 15 > Chapter 63 - Technology Innovation

U.S. Code > Title 15 > Chapter 66 - Promotion Of Export Trade

U.S. Code > Title 15 > Chapter 72 - Semiconductor Research

U.S. Code > Title 15 > Chapter 73 - Export Enhancement

U.S. Code > Title 15 > Chapter 74 - Competitiveness Policy Council

U.S. Code > Title 15 > Chapter 75 - National Trade Data Bank

U.S. Code > Title 15 > Chapter 77 - Steel And Aluminum Energy Conservation And Technology Competitiveness

U.S. Code > Title 15 > Chapter 78 - Superconductivity And Competitiveness

U.S. Code > Title 15 > Chapter 79 - Metal Casting Competitiveness Research Program

U.S. Code > Title 15 > Chapter 81 - High-Performance Computing

U.S. Code > Title 15 > Chapter 95 - Microenterprise Technical Assistance And Capacity Building Program

U.S. Code > Title 15 > Chapter 97 - Women's Business Enterprise Development

U.S. Code > Title 15 > Chapter 101 - Nanotechnology Research And Development

U.S. Code > Title 42 > Chapter 34 - Economic Opportunity Program

U.S. Code > Title 42 > Chapter 38 - Public Works And Economic Development

U.S. Code > Title 42 > Chapter 41 - Demonstration Cities And Metropolitan Development Program

U.S. Code > Title 42 > Chapter 69 - Community Development

U.S. Code Title 42 > Chapter 105 > Subchapter I - Community Economic Development

U.S. Code > Title 42 > Chapter 120 - Enterprise Zone Development

Federal Regulations: Economic Development

U.S. Code Title 7 > Chapter 31 > Subchapter V - Rural Economic Development

U.S. Code Title 15 > Chapter 2 > Subchapter II - Promotion Of Export Trade

U.S. Code > Title 15 > Chapter 2E - Omnibus Small Business Capital Formation

U.S. Code > Title 15 > Chapter 14A - Aid To Small Business

U.S. Code > Title 15 > Chapter 14B - Small Business Investment Program

U.S. Code > Title 15 > Chapter 15 - Economic Recovery

U.S. Code > Title 15 > Chapter 63 - Technology Innovation

U.S. Code > Title 15 > Chapter 66 - Promotion Of Export Trade

U.S. Code > Title 15 > Chapter 72 - Semiconductor Research

U.S. Code > Title 15 > Chapter 73 - Export Enhancement

U.S. Code > Title 15 > Chapter 74 - Competitiveness Policy Council

U.S. Code > Title 15 > Chapter 75 - National Trade Data Bank

U.S. Code > Title 15 > Chapter 77 - Steel And Aluminum Energy Conservation And Technology Competitiveness

U.S. Code > Title 15 > Chapter 78 - Superconductivity And Competitiveness

U.S. Code > Title 15 > Chapter 79 - Metal Casting Competitiveness Research Program

U.S. Code > Title 15 > Chapter 81 - High-Performance Computing

U.S. Code > Title 15 > Chapter 95 - Microenterprise Technical Assistance And Capacity Building Program

U.S. Code > Title 15 > Chapter 97 - Women's Business Enterprise Development

U.S. Code > Title 15 > Chapter 101 - Nanotechnology Research And Development

U.S. Code > Title 42 > Chapter 34 - Economic Opportunity Program

U.S. Code > Title 42 > Chapter 38 - Public Works And Economic Development

U.S. Code > Title 42 > Chapter 41 - Demonstration Cities And Metropolitan Development Program

U.S. Code > Title 42 > Chapter 69 - Community Development

U.S. Code Title 42 > Chapter 105 > Subchapter I - Community Economic Development

U.S. Code > Title 42 > Chapter 120 - Enterprise Zone Development

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