House Tax Policy Committee action on brownfield package important step forward for Michigan economy

FOR IMMEDIATE RELEASE: Wednesday, April 26, 2017

CONTACT: Sara Wurfel, 517-599-3470 or swurfel@truscottrossman.com

Lansing, Mich. — The Good Jobs for Michigan coalition issued the following statement after the Michigan House Tax Policy Committee today reported out the MI Thrive brownfield package.

“We commend Chairman Tedder and committee members for their forward-looking action to ensure Michigan has a much-needed economic development tool to redevelop challenging brownfield sites in cities and towns across both peninsulas and spur increased private investment. Communities with these sites and area residents can and will benefit greatly, and we encourage expedient action from the full House.

“At the same time, we look forward to working with the committee and House members on another critical economic development tool – the Good Jobs for Michigan package – a smart, sound incentive to grow jobs, opportunities and paychecks for Michiganders everywhere and ensure strong, vibrant communities across the Great Lakes State.

“Without this added tool, Michigan is stuck on the sidelines while neighboring states like Ohio and Indiana or southern states like Kentucky and South Carolina are luring away the businesses and jobs that should be coming here. The national competition is already intense and heating up even more as the country expands efforts to bring jobs back to the U.S. This is a jobs issue and Michigan must be ready. The Good Jobs package will help make sure we can compete and win.

“Together, the MIThrive and Good Jobs packages offer a holistic strategy and critical economic development tools that Michigan and communities statewide must have to grow and attract jobs, talent and investment and build a strong, healthy economy.”

The bipartisan Good Jobs for Michigan package – Senate Bills 242-244, sponsored by Sens. Jim Stamas, Wayne Schmidt and Steven Bieda respectively – overwhelmingly passed the Michigan Senate at the end of March and has been referred to the House Tax Policy Committee for consideration. The package includes numerous, essential safeguards that protect the state, taxpayers and communities. It also ensures that jobs and wage numbers are met and verified annually before any incentive is paid out.

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