2021 Michigan State Senate Bill 524 Reducing Corporate Subsidies

This bill, passed in 2021 by the Michigan State Senate, finds that spending on universal infrastructure like transportation or education is a superior use of the state budget and should be prioritized over company-specific subsidies. As such, it recommends that midwestern states join a compact to eliminate interstate competition over corporate investment. It establishes that member states of the compact will not offer company-based subsidies for corporate headquarters, factories, office spaces, or other real estate developments.