Economic development: other; Michigan strategic fund centers; amend to reflect elimination of the Michigan strategic fund. Amends title & sec. 2 of 2006 PA 317 (MCL 125.1972). TIE BAR WITH: SB 0631'25

SB 663 transfers the Michigan Defense Center from the Michigan Strategic Fund to the Bureau of Fair Competition and Free Enterprise. It updates the 2006 law governing the center to reflect this administrative change while keeping its core duties intact. The center must focus on securing defense/homeland security contracts for Michigan businesses, prioritize municipalities affected by manufacturing job losses, and coordinate with procurement assistance centers. The bill also requires annual reporting from entities receiving funding for defense-related business opportunities. This transfer is contingent on another bill (SB 631) being enacted.