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.
Carl Camden, Retired - President
Paul Gentilozzi, President
Gentilozzi Real Estate
Jeremy Hendges, Chief of Staff
Talent and Economic Development Department of Michigan
Stephen Hicks, President & CEO
Rachael Eubanks, State Treasurer
Michigan Department of Treasury
Larry Koops, Retired Community President for Lakeshore Region
Fifth Third Bank
Jeff Mason, MSF President & Chairman - CEO
Michigan Economic Development Corporation
Terrence J.L. Reeves, Attorney
Pepper Hamilton LLP
Terri Jo Umlor, President
Springfield Commercial Roofing
Shaun W. Wilson, Senior Vice President
Wayne Wood, Retired - President
Michigan Farm Bureau
All meetings are held at the MEDC Lansing Office, Lake Michigan Conference Room, at 10:00 a.m. unless otherwise noted.
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