The Michigan Strategic Fund (MSF) was created by P.A. 270 of 1984 and has broad authority to promote economic development and create jobs.
Governor Snyder signed Executive Order 2012-9 on June 26, 2012 abolishing the MEGA Board and transferring the various responsibilities of the MEGA to the Michigan Strategic Fund effective August 25, 2012. The MSF board has the following responsibilities:
The Michigan Strategic Fund meets monthy in Lansing and continues to help fuel new economic activity across Michigan, strengthening our communities and creating good jobs for our residents.
An 11-member board has statutory authority to direct state appropriations to support business development, community development, talent enhancement and state marketing activities, including the promotion of tourism, film industry, arts and cultural affairs.
On December 31, 2018, the U.S. Department of Treasury published final regulations amending the public approval requirements for tax-exempt private activity bonds. The Tax Equity and Fiscal Responsibility Act of 1982 ("TEFRA") provided for public notice, hearing and approval requirements set forth in Section 147(f) of the internal revenue code of 1986, as amended. The TEFRA Requirements must be satisfied as a precondition to the issuance of tax exempt private activity bonds, including exempt facility bonds and qualified 50l(c)(3) bonds. The Final TEFRA Regulations apply to all tax-exempt private activity bonds issued on or after April 1, 2019, by the Michigan Finance Authority, Michigan State Housing Development Authority, and Michigan Strategic Fund.
Mark A. Burton, MSF President & Chairman - CEO
Michigan Economic Development Corporation
Paul Ajegba, Director
Michigan Department of Transportation
Jeff Donofrio, Director
Michigan Department of Labor and Economic Opportunity
Paul V. Gentilozzi, President
Gentilozzi Real Estate
Rachael Eubanks, State Treasurer
Michigan Department of Treasury
Charles P. Rothstein, Founder and Senior Managing Director
Britany L. Affolter-Caine, Ph.D, Executive Director
Michigan's University Research Corridor
Ronald W. Beebe, CEO
Euclid Industries, Inc., Brinn Performance, Inc., Awrey Bakeries, Griffin Thermal Products, and Milling Precision Tool Corporation
September Hargrove, Vice President
JPMorgan Chase and Co.
Susan Tellier, President
JetCo Packaging Solutions
Cindy L. Warner, Global Leader for Professional Services
Amazon Web Services
All meetings are held at the MEDC Lansing Office, Lake Michigan Conference Room, at 10:00 a.m. unless otherwise noted.
The MEDC building remains closed due to COVID-19 health concerns. The October 27, 2020 meeting will be held remotely. To join the call, use the dial in number, +1 248-340-3787 and passcode 162 329 123# (or join on the web via Microsoft Teams).
For those who would like to make a public comment, you many now register prior to the meeting by clicking on the button below. The meeting moderator will call on the last 4 digits of your phone number to signal your turn to speak. All comments should be kept to three minutes or less.
Please Note: Pre-registration is not required to provide public comment at the board meeting. Members of the public may address the Board during the public comment portion without submitting a request online.
Please submit all FOIA requests to email@example.com. For more information, please read the MSF Freedom of Information Act policies and procedure document.