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June 10: Michigan Senate Approves Detroit Bankruptcy Legislation; Detroit Free Press Endorses ‘Yes’ Vote on Proposal 1

Chamber Applauds Michigan Senate’s Approval of Detroit Bankruptcy Legislation

The Detroit Regional Chamber applauds the Michigan Senate’s approval of the Detroit bankruptcy settlement legislation last week. With Governor Rick Snyder’s signature, this legislation will provide $194.8 million toward Detroit’s bankruptcy settlement, protect the art of the Detroit Institute of Arts, and drastically mitigate cuts to city employee pensions.

The vote marks a historic moment for Detroit and the state of Michigan, as it confirms that business and civic leaders are coming together across political and geographic lines to support Detroit’s rebirth. The legislation will benefit more than those who live and work in the city; it will also reap rewards for the over 4 million residents and businesses in metropolitan Detroit, and all of Michigan.

The Chamber has been an ardent supporter of an expeditious emergence out of bankruptcy. Chamber President and CEO Sandy Baruah testified before the House in support of the plan of adjustment in May. The 2014 Mackinac Policy Conference provided a forum for productive discussion that contributed to the bill’s quick passage through the Senate, as bankruptcy legislation was a common theme among speakers, attendees and the media.

To view a discussion from the Conference, in which Chamber Vice President of Government Relations Brad Williams discussed bankruptcy legislation with Detroit Council Member Andre Spivey and State Representative John Walsh (R-Livonia), click here.

Detroit Free Press: Vote ‘Yes’ on Proposal 1

In an unequivocal endorsement, the Detroit Free Press urged Michiganders to vote “Yes” on Proposal 1, an August ballot proposal that will phase out the state’s personal property tax (PPT). Repealing the personal property tax, which taxes the equipment a company already owns, is a critical piece to making Michigan a more competitive place to invest and do business. Proposal 1 not only eliminates the tax, but also replaces the revenue lost, in order to keep municipal services whole and unaffected.

The Chamber has been a strong supporter of repealing the burdensome personal property tax, and recently made the passage of Proposal 1 part of the 2014 Mackinac Policy Conference To-Do List. At the Conference, Chamber Vice President of Government Relations Brad Williams sat down with Lt. Governor Brian Calley and Biggby Coffee CEO Bob Fish to discuss how eliminating the tax would help Michigan businesses succeed. Click here to watch the interview.

To read the entire Detroit Free Press endorsement, click here. To learn more about the campaign to pass Proposal 1, visit www.strongandsafecommunities.com.

Registration Still Open for Membership Maximizer, June 18

There is still time to register for the Chamber’s Membership Maximizer, taking place from 8:30 to 10:30 a.m. at TechShop in Allen Park on Wednesday, June 18. The program will help new and existing members discover ways to get the most out of their membership. Attendees will hear first-hand from other Chamber members how to leverage membership to take their businesses and careers to new heights. Chamber staff members will also be present to provide an insider overview of programs and events. For more information and to register, click here.

Leadership Detroit Class XXXV to Graduate, June 19

Leadership Detroit Class XXXV will graduate on Thursday, June 19 at The Garden Theater in Midtown. The event will take place from 5 to 7 p.m., enabling attendees to connect with fellow Leadership Detroit graduates and the Chamber’s Board of Directors.

Leadership Detroit provides the foundation for a lifelong commitment to leadership by creating awareness around key issues that affect the Detroit region and the opportunity to join a network of more than 1,800 Leadership Detroit graduates. To register, click here.

Pure Michigan Business Connect Hosting Invite-Only Supplier Matchmaking Summit, Application Deadline June 20

Pure Michigan Business Connect (PMBC) is hosting an invitation-only supplier matchmaking summit on Tuesday, July 22 in Detroit. The summit will feature procurement teams from Chrysler Group LLC, Ford Motor Company, General Motors and 40 of their tier one partners. Combined, this group has provided over 300 procurement needs and is seeking qualified Michigan suppliers to discuss specific sourcing opportunities. The application deadline is Friday, June 20.

Selections will be determined by the participating procurement teams based on the data collected in the application. The Chamber remains a strategic partner with PMBC, connecting leading-edge Michigan companies to the global supply chain to create business growth opportunities in the state. To apply, click here.