Appropriations Requests for : Michigan Israel Business Accelerator

1. Cosponsoring legislators:

No Cosponsors

Recipient Information

2. Intended legislatively directed spending item recipient:

Michigan Israel Business Accelerator

3. Physical address of legislatively directed spending item recipient and the intended location of the project or activity:

407 East Fort Street, Suite 205, Detroit, MI 48226

4. The recipient's employer identification number:

273157523

Funding Details

5. Requested amount of the legislatively directed spending item:

$1,000,000.00

6. What is the purpose and how does the legislatively directed spending item provide a public benefit that is an appropriate use of taxpayer money?

This investment would strengthen Michigan’s innovation ecosystem by connecting Michigan businesses, research institutions, and workforce assets with advanced technologies and globally recognized innovation hubs that have a demonstrated record of commercialization and industry impact. The funding supports an ecosystem-level platform that delivers defined economic development services, including company attraction, market entry support, partnership facilitation, and commercialization pathways that enable innovative, internationally based companies to establish U.S. headquarters or operations in Michigan. In exchange, the State receives measurable outcomes, including job creation, capital investment, technology transfer activity, and strengthened industry partnerships anchored in Michigan. The investment includes performance expectations and reporting requirements to ensure accountability and alignment with Michigan’s economic development objectives. Accordingly, the funding serves a clear public purpose and constitutes an exchange for services that generate measurable public benefit, rather than a gift or subsidy to private entities, consistent with Article IV, S 30 of the Michigan Constitution.

7. Has the legislatively directed spending item previously received or been awarded any of the following types of funding in the past 5 years?

No previous funding received

8. Estimated time frame for completion of the legislatively directed spending item project:

1 year

Additional Information For Nonprofit Corporations

9. Is the recipient a nonprofit corporation?

Yes

4. Officers and active members on the board of directors:

Regine Beauboeuf, Gahl Berkooz, Marc Bleckman, Beth Chappell, Brad Comment, Mark Davidoff, Mike Dergis, Matt Elliott, Beth Gotthelf, Howard Handler, Beth Hill, Shimon G. Levy, James Meeks, Quentin L. Messer, Jr., Lisa Prasad, Justin Robinson, Alyssa Tracey, Evan Weiner, Larry Wolfe.

Certification By Sponsoring Legislator

• "I certify that my immediate family members, legislative staff members, and I have no direct or indirect pecuniary interest in the requested legislatively directed spending item."
• "I certify that the intended recipient of this legislatively directed spending item is not a for-profit entity."
• "I certify that the information in this form is true to the best of my knowledge."

Senator Roger Victory