Spending Michigan Taxpayer Dollars : Michigan Strategic Fund 9/26/23
CALL TO ORDER & ROLL CALL
II. PUBLIC COMMENT – PLEASE LIMIT PUBLIC COMMENT TO THREE (3) MINUTES
III. COMMUNICATIONS
IV. CONSENT AGENDA
a. Proposed Meeting Minutes: August 22, 2023 Meeting Minutes
b. Veridea Group: Brownfield Act 381 Work Plan
c. Lofts on Louis: MCRP Amendment
d. Exchange Building, LLC-The Exchange: MCRP Amendment
e. Billerud: APRZ Amendment
f. Contractual Small Business Solutions/Services: FY24 Funding Allocations
g. International Trade Centers: JEC Recommendations and FY24 Funding Allocations
h. Michigan Israel Business Accelerator (MIBA): New Contract Approval
i. Business Marketing Lambert Contract Amendment
j. FY 2024 Memorandum of Understanding MSF & MEDC
k. Lear Corporation: Reauthorization of Performance-Based Grant Request
V. DEVELOP ATTRACTIVE PLACES
a. Olympia Development of Michigan – Henry Street: A resolution to approve a Michigan
Community Revitalization Program performance-based direct loan to Henry Street
Renaissance, LLC in the amount of $6,493,000.
Location: City of Detroit
b. CDBG Public Gathering Spaces Initiative Competitive Funding Round Project
Recommendation: A resolution to award a total of $20,000,000 in CDBG funds for the
expansion and creation of public gathering spaces for 16 units of general local government
and up to $800,000 in CDBG funds to provide administrative services to assist these
communities with relevant compliance and administrative requirements.
VI. ATTRACT, RETAIN, AND GROW BUSINESS
a. Strategic Site Readiness Program Grant (SSRP) to Marshall Area Economic Development
Alliance: A resolution to approve a SSRP performance-based grant in the amount of $65
million to MAEDA for land acquisition, site studies and preparation, water and wastewater
upgrades, road enhancements, professional fees, administration and other necessary public
infrastructure improvements.
b. Strategic Site Readiness Program Grants (SSRP) to Prosperity Region Economic
Development Organizations: A resolution to approve SSRP grants to 11 economic
development organizations located within the 10 prosperity regions.
c. Samsung SDI America, Inc.: A resolution to approve a Michigan Business Development
Program Grant in the amount of $5,000,000.
Location: City of Auburn Hills
2
d. Proton Energy Systems, Inc. dba Nel Hydrogen U.S.: A resolution to approve a Michigan
Business Development Program Grant in the amount of $10,000,000 and a 15-year 100%
State Essential Services Assessment (SESA) Exemption and a waiver of the EDA and
Commencement requirements.
Location: Plymouth Charter Township, Wayne County
VII. ADMINISTRATIVE
a. Michigan Strategic Fund By-Laws: A resolution to approve revised Michigan Strategic
Fund By-Laws
VIII. INFORMATIONAL
a. Delegation of Authority Report
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