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Detroit Renaissance
State Legislation Impacts Creative Economy Initiative
May 25th, 2008
Southeast Michigan's creative business community will get a boost as a result of Governor Granholm's signature on a series of bills that would make creative businesses eligible for state MEGA tax credits. Signed into law yesterday, Public Act 108 of 2008, sponsored by Senator Jud Gilbert (R-Algonac), will have a significant impact on Southeast Michigan's efforts to develop creative economy jobs by broadening the definition of businesses eligible for MEGA credits to include those in the creative sector. Senators Jason Allen (R-Traverse City) and Hansen Clarke (D-Detroit) played a vital role in the success of this legislation and lead the advocacy to include the creative...
Source: Pharma Investments, Ventures & Law Weekly (2008-05-25)
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