DEFENSE & HOMELAND SECURITY OFFICE S.B. 727: COMMITTEE SUMMARY
Senate Bill 727 (as introduced 9-6-05)
Sponsor: Senator Valde Garcia
Committee: Economic Development, Small Business and Regulatory Reform
Date Completed: 3-29-06
CONTENT
The bill would create a new act to establish the Office of Defense and Homeland Security Business Opportunities in the Michigan Economic Development Corporation (MEDC). The Office would be required to do the following:
-- Focus solely on job creation and job retention from business opportunities associated with defense and homeland security contracts.
-- Coordinate with procurement technical assistance centers in this State to maximize business opportunities for businesses located in Michigan.
-- Give priority to bringing business opportunities to counties hardest hit by manufacturing layoffs.
-- Set a performance objective of increasing defense and homeland security contracts awarded to businesses located in Michigan by 25%.
-- Provide resources needed to meet the performance objective within one year.
The Office would have to report directly to the president of the MEDC.
Legislative Analyst: Suzanne Lowe
FISCAL IMPACT
Under Public Act 225 of 2005, a piece of the tobacco securitization legislation, the Legislature appropriated $10 million for FY 2005-06 to create a Defense Contract Coordination Center. This bill would create an office to house that center.
Fiscal Analyst: Elizabeth Pratt
Maria Tyszkiewicz
Analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent. sb727/0506