---
type: "Bill"
title: "Economic development: Michigan strategic fund; Michigan innovation fund program; create. Amends secs. 88b, 88f & 88h of 1984 PA 270 (MCL 125.2088b et seq.) & adds sec. 88u."
description: "Economic development: Michigan strategic fund; Michigan innovation fund program; create. Amends secs. 88b, 88f & 88h of 1984 PA 270 (MCL 125.2088b et seq.) & adds sec. 88u."
jurisdiction: "us/states/mi"
legislature: "Michigan Legislature"
session: "2023-2024"
identifier: "HB 5653"
citation: "Michigan HB 5653 (2023-2024)"
classification: ["bill"]
subjects: ["Economic development: Michigan strategic fund"]
status: "enacted"
primary_sponsors: ["Alabas Farhat"]
version_count: 6
action_count: 36
vote_count: 2
first_action: "2024-04-23"
last_action: "2024-12-31"
source: "openstates"
source_identifier: "ocd-bill/0616ecfc-1277-4674-a39d-bc8dfa3ad0a9"
source_url: "https://legislature.mi.gov/Bills/Bill?ObjectName=2024-HB-5653"
source_hash: "d245807984176ce2b61c5c4b481733baf768c3a855723d21d959a12000a4ecb3"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-mi"]
---

# Michigan HB 5653 (2023-2024) — Economic development: Michigan strategic fund; Michigan innovation fund program; create. Amends secs. 88b, 88f & 88h of 1984 PA 270 (MCL 125.2088b et seq.) & adds sec. 88u.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **As Passed by the House** (committee substitute) — [source](https://legislature.mi.gov/documents/2023-2024/billengrossed/House/pdf/2024-HEBH-5653.pdf)
2. **As Passed by the Senate** (committee substitute) — [source](https://legislature.mi.gov/documents/2023-2024/billengrossed/House/pdf/2024-HEBS-5653.pdf)
3. **House Concurred Bill** (committee substitute) — [source](https://legislature.mi.gov/documents/2023-2024/billconcurred/House/pdf/2024-HCB-5653.pdf)
4. **House Introduced Bill** (committee substitute) — [source](https://legislature.mi.gov/documents/2023-2024/billintroduced/House/pdf/2024-HIB-5653.pdf)
5. **Public Act** (committee substitute) — [source](https://legislature.mi.gov/documents/2023-2024/publicact/pdf/2024-PA-0190.pdf)
6. **Substitute (H-5)** (committee substitute) — [source](https://legislature.mi.gov/Home/GetObject?objectName=2024-HCVBS-5653-0O4012.pdf)

## Votes

- passed; given immediate effect Roll Call # 347 Yeas 71 Nays 38 Excused 0 Not Voting 1 — **71–37** (pass) · lower
- PASSED ROLL CALL # 733 YEAS 22 NAYS 16 EXCUSED 0 NOT VOTING 0 — **5–8** (fail) · upper

## Sponsors

- Alabas Farhat — primary (person)
- Greg VanWoerkom — cosponsor (person)
- Jason Hoskins — cosponsor (person)
- Reggie Miller — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2024-04-23** introduced by Representative Alabas Farhat `introduction`
- **2024-04-23** read a first time `reading-1`
- **2024-04-23** referred to Committee on Economic Development and Small Business `referral-committee`
- **2024-04-24** bill electronically reproduced 04/23/2024
- **2024-06-04** reported with recommendation with substitute (H-2) `committee-passage`
- **2024-06-04** referred to second reading
- **2024-06-26** read a second time `reading-2`
- **2024-06-26** substitute (H-2) adopted
- **2024-06-26** substitute (H-3) adopted
- **2024-06-26** placed on third reading
- **2024-11-13** read a third time `reading-3`
- **2024-11-13** amended
- **2024-11-13** substitute (H-5) adopted and amended
- **2024-11-13** passed; given immediate effect Roll Call # 347 Yeas 71 Nays 38 Excused 0 Not Voting 1 `passage`
- **2024-11-13** transmitted
- **2024-11-26** PASSED BY HOUSE WITH IMMEDIATE EFFECT `passage`
- **2024-11-26** REFERRED TO COMMITTEE ON REGULATORY AFFAIRS `referral-committee`
- **2024-12-03** REASSIGNED TO COMMITTEE ON ECONOMIC AND COMMUNITY DEVELOPMENT
- **2024-12-11** REPORTED FAVORABLY WITHOUT AMENDMENT `committee-passage`
- **2024-12-11** REFERRED TO COMMITTEE OF THE WHOLE `referral-committee`
- **2024-12-18** REPORTED BY COMMITTEE OF THE WHOLE FAVORABLY WITHOUT AMENDMENT(S) `committee-passage`
- **2024-12-18** PLACED ON ORDER OF THIRD READING
- **2024-12-20** AMENDMENT(S) DEFEATED `amendment-failure`
- **2024-12-20** PASSED ROLL CALL # 733 YEAS 22 NAYS 16 EXCUSED 0 NOT VOTING 0 `passage`
- **2024-12-20** INSERTED FULL TITLE
- **2024-12-20** RETURNED TO HOUSE
- **2024-12-31** returned from Senate without amendment with full title
- **2024-12-31** full title agreed to
- **2024-12-31** bill ordered enrolled 12/23/2024
- **2024-12-31** presented to the Governor 01/08/2025 12:06 PM `executive-receipt`
- **2024-12-31** approved by the Governor 01/13/2025 11:06 AM `executive-signature`
- **2024-12-31** filed with Secretary of State 01/14/2025 08:58 AM
- **2024-12-31** assigned PA 5'25
- **2024-12-31** approved by the Governor 01/13/2025 11:06 AM `executive-signature`
- **2024-12-31** filed with Secretary of State 01/14/2025 08:58 AM
- **2024-12-31** assigned PA 190'24

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/0616ecfc-1277-4674-a39d-bc8dfa3ad0a9`. Confidence: reported (aggregated from official Michigan legislature records).