State Rep. Graham Filler and the Michigan House today approved a budget supplemental that will help Michigan communities remain competitive in the modern economy and bring new jobs to the state.
In addition to funding critical state projects and services, the plan approved today will bolster the state’s Strategic Outreach and Attraction Reserve (SOAR) fund. The Legislature utilizes the SOAR fund to create incentives that help Michigan communities remain competitive in the modern economy and bring new jobs to the state. Today’s supplemental funding plan deposits $846 million into the reserve. Filler said it’s crucial to deposit more funds to build on the success the reserve has had thus far.
“These investments will help our state remain competitive as we compete with other states and other countries for employment opportunities,” Filler said. “The jobs we’re fighting for are stable, well-paying careers that will help local people succeed and attract new families to our neighborhoods.”
The funds will allow the state to invest in upgrades and expansions to manufacturing facilities throughout Michigan. Hemlock Semiconductor Operations in Saginaw County, the country’s largest producer of semiconductor-grade polysilicon, is just one of the job providers that will receive a state investment. The state’s investment will attract more business to the facility and create 170 Michigan jobs.
The plan, Senate Bills 842 and 844, now advances to the governor for her expected signature.
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