Sec. 8a.
The authority may provide a grant to a non-profit organization for 1 or more of the following purposes:
(a) To encourage establishment or expansion of business operations related to exports which will create or maintain employment in this state.
(b) To research industrial and commercial innovations which are likely to increase exports from this state.
(c) To conduct market research to determine the potential for increasing goods and services from this state.
History: Add. 1990, Act 304, Imd. Eff. Dec. 14, 1990
Structure Michigan Compiled Laws
Act 157 of 1986 - Michigan Export Development Act (447.151 - 447.168)
Section 447.151 - Short Title.
Section 447.152 - Definitions.
Section 447.157 - Powers of Authority Generally.
Section 447.158a - Grant to Non-Profit Organization; Purposes.
Section 447.159 - Bonds Generally.
Section 447.160 - Bonds and Notes Generally.
Section 447.161 - Bonds or Security Agreement; Resolution; Trustee or Depository.
Section 447.162 - Bonds; Refunding.
Section 447.164 - Tax Exemptions Generally.
Section 447.165 - Additional Tax Exemptions.
Section 447.166 - Insurance Fund; Insurance Pledged as Security.
Section 447.168 - Annual Report; Contents; Examination; Audit.