Economic development: Michigan strategic fund; more jobs for Michigan program; create. Amends secs. 9 & 90j of 1984 PA 270 (MCL 125.2009 & 125.2090j); adds ch. 8F & repeals 2007 PA 36 (MCL 208.1101 - 208.1519) & 1995 PA 24 (MCL 207.801 - 207.810).

SB 473 requires the Michigan Strategic Fund to provide detailed annual reports on its economic development programs. These reports must include specific data on job creation (new/retained, non-temporary), average salaries, financial assistance amounts, bankruptcy notices for large recipients, and program performance metrics. The bill mandates transparency for all funded entities, including tourism promotion spending, community revitalization projects, and private investment attraction. It also requires independent audits of the fund’s financial health and makes all reports publicly accessible online. This bill directly affects the Strategic Fund, businesses receiving state financial assistance, and legislators who receive the reports.