Economic development: Michigan strategic fund; procurement technical assistance center (PTAC); update to APEX Accelerator. Amends sec. 2 of 2006 PA 317 (MCL 125.1972).

SB 27 creates the Michigan Defense Center within the Michigan Strategic Fund to help small businesses win homeland security and defense contracts. It requires the center to prioritize municipalities hardest hit by manufacturing job losses and set a goal to increase state-based defense contracts. The center must coordinate with existing APEX Accelerator programs, report annually on funded projects, and cannot use state funds for building construction. This procedural bill directly affects small businesses (under 400 employees) seeking defense-related contracts and local economic development entities. The changes update the Strategic Fund Act to formalize this coordination role without altering tax or spending policies.