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 an administrator appointed by the governor and will provide technical assistance, coordinate state programs, and maintain a website to help entrepreneurs navigate regulations and access funding. Its primary duties include facilitating job creation, offering guidance on financial management and compliance, and collecting data on program effectiveness. The office must also submit an annual report to the governor and legislature detailing its activities and outcomes.