{"data":{"id":"us-mi/mich.-comp.-laws-125.1576","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 125.1576","heading":"Feasibility study; factors; notice of decision; reapplication or designation.","body":"Sec. 6.\n\nAfter filing a petition pursuant to section 5, the community board, in cooperation with the department, shall conduct and complete within 180 calendar days an in-depth center feasibility study. The study shall include, but not be limited to, all of the following factors:\n\nNecessary lease, purchase, renovation, or construction costs.\n\nEstimated rental costs for lessees of the center.\n\nEstimated utility costs.\n\nEstimated wage or salary rates of future employees of the center, including a building manager, receptionist, typist, and security guard.\n\nEstimated income for the center, including the estimated annual local subsidies and state appropriation, and, if necessary, the cost of financing.\n\nProspects of attracting suitable businesses to the center.\n\nThe ability of the community to provide necessary support for the center, including but not limited to, technical assistance and training, assistance in attracting employees, assistance in relocating a business, assistance in business start-up, and library facilities.\n\nWithin 30 calendar days after completion of the feasibility study, the department, based upon the study and the criteria set forth in section 3, shall notify the board of its decision. If the department does not designate the building as a business incubation center, the department shall set forth the reasons for its decision in its notification letter to the board. A board receiving a negative response may reapply for designation of the building when circumstances which led to its initial rejection have been remedied.","path":["MI Code","Chapter 125","Act Act-198-of-1984"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-125-1576","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"7e116a9605b43e4e9824263e456d7f88e1842e9f5cafc305a5c385f7f97514f4","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-125.1575","next":"us-mi/mich.-comp.-laws-125.1577"},"notice":"GroundRules: Original legal text. Not legal advice."}