Michigan Strategic Fund

The Michigan Strategic Fund (MSF) was created by P.A. 270 of 1984 and has broad authority to promote economic development and create jobs.

MSF Board

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:

Approve grants and loans under the Michigan Business Development Program;
Approve grants and loans under the Michigan Community Revitalization Program;
Approve the use of Private Activity Revenue Bonds;
Authorize the submittal by local units of government of Community Development Block Grant applications;
Recommend to the State Administrative Board Agricultural Processing, Renewable Energy and Forest Products Processing Renaissance Zone designations;
Approve Tool and Die Renaissance Recovery Zones; and
Act as the fiduciary agent with respect to the 21st Century Jobs Fund investments;
Pursuant to statute, the Chief Compliance Officer provides advice and guidance in regard to the 21st Century Jobs Fund.

MSF Board Members

Quentin L. Messer, Jr.

Chair, Chief Executive & Economic Competitiveness Officer , Michigan Economic Development Corporation

Dr. Britany L. Affolter-Caine

Executive Director, Michigan’s University Research Corridor

Susan Corbin

Director, Michigan Department of Labor and Economic Opportunity (LEO)

Wesley Eklund

CEO, Eklund Holdings

Rachael Eubanks

State Treasurer, Michigan Department of Treasury

Dimitrius Hutcherson

President, First Independence Bank

Dan Meyering

CEO, Trillium Investments

Leon Richardson

Founder, President, and CEO, Chemico Group

Charles P. Rothstein

Founding Partner, Beringea, LLC

Susan Tellier

President, JetCo Packaging Solutions

Randy Thelen

President and CEO, The Right Place, Inc.

Cindy L. Warner

Founder, 360ofme

Bradley C. Wieferich, P.E.

Director, Michigan Department of Transportation (MDOT)

MSF Public Comment Policy

Michigan Strategic Fund Board meetings are held in-person at the principal office of the Michigan Strategic Fund located at 300 N. Washington Square, Lansing, Michigan 48913 and are open to members of the public. In June 2023, the MSF Board voted to adopt a public comment policy to help facilitate orderly conduct of the meetings and ensure all members of the public attending the meetings have a fair and adequate opportunity to make a comment pursuant to the Open Meetings Act. The MSF and MEDC value public comments and appreciate members of the public taking time to join us and share their perspectives on projects taking place throughout the state.

In March 2024, the Michigan Strategic Fund Board voted to adopt a revised public comment policy designed to expand the opportunity for public comment by permitting members of the public who are not in attendance at the meeting to comment using telecommunications technology.

A copy of the Public Comment Policy is available here. For those who will not be attending the meeting, but would like to provide a public comment using telecommunications technology, you must register prior to the meeting by clicking on the button below. The Board Liaison will call your name or the last 4 digits of your phone number to signal your turn to speak.

Public comments and supporting materials may also be submitted in writing to the board at msfcomments@michigan.org. In order to ensure that members of the MSF Board have access to comments and materials submitted via email, they must be provided no later than noon the day prior to the scheduled meeting. The MEDC cannot guarantee that materials provided after this deadline will be incorporated into the board materials for the scheduled meetings.

MSF Meeting Agenda

The Michigan Strategic Fund meets monthly 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.

View the most current meeting agenda document

Click here

View all TEFRA notices

Click here

Tax Equity and Fiscal Responsibility Act (TEFRA) Notices

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.

2024 MSF BOARD MEETING DATES

All meetings are held at the MEDC Lansing Office, Lake Michigan Conference Room, at 10:00 a.m. unless otherwise noted.

Tuesday, January 23, 2024
Tuesday, January 30, 2024*
Tuesday, February 27, 2024
Tuesday, March 26, 2024** at 9:00 a.m.
Tuesday, April 16, 2024** at 9:00 a.m.

Zoom Weblink and Dial-In information:

Zoom Weblink and Dial-In information:
Meeting Link: https://michiganbusiness.zoom.us/j/88095305458?pwd=amk3eEw1WUdMWGU4d0U3c0YvRGhTZz09
Webinar ID: 880 9530 5458
Passcode: 525755
Dial-In: (929) 205-6099

Tuesday, May 21, 2024
Tuesday, June 25, 2024
Tuesday, July 23, 2024
Tuesday, August 27, 2024
Tuesday, September 24, 2024
Tuesday, October 22, 2024
Tuesday, December 10, 2024***

For those who would like to make a public comment, you must pre-register prior to the meeting by clicking on the button below. The Board Liaison will call your name or the last 4 digits of your phone number to signal your turn to speak. Public comments and supporting materials may also be submitted to the board at msfcomments@michigan.org.

Please click on the button below for more information on how to speak during public comment.

REGISTER ONLINE TO MAKE A PUBLIC COMMENT

Please Note: Pre-registration is required to provide virtual public comment at the board meeting. A member of the public who submits written public comments via email is not precluded from also pre-registering to speak during the public comment period of the board meeting.

If any person with a disability needs accommodations to participate in this meeting, please contact Natalie Davenport at (517) 388-8299 at least one day prior to the meeting.

*Special meeting scheduled
**Meeting time changed
***Combined November/December Meeting

MSF BOARD MEETING MINUTES

MSF BOARD PACKETS

View all the past MSF Board Packets .

MSF FOIA Policy and Procedures

Please submit all FOIA requests to medcfoia@michigan.org. For more information, please read the MSF Freedom of Information Act policies and procedure document.