Mich. Comp. Laws § 125.1575: Community board; duties; petition for designation.

Sec. 5.

Upon appointment, the community board shall do all of the following:

Identify the building or part of the building under consideration for designation as a business incubation center.

Advertise the concept of a business incubation center in the surrounding area.

Solicit the views of the community concerning the designation of the building or part of the building under consideration as a business incubation center.

Identify possible tenants for the center.

Obtain commitments from persons, organizations, businesses, local governmental units, or other sources amounting to at least 50% of those costs not covered by rental fees that the board estimates will be needed for the establishment and operation of the business incubation center for 3 years.

If, after performing the duties required by subsection (1), the board determines that a designation of the building under consideration as a business incubation center is desirable and possible, the board shall petition the department for the designation.