PTAC; UPDATE TO APEX ACCELERATOR S.B. 481:

SUMMARY OF BILL

REPORTED FROM COMMITTEE

 

 

 

 

 

 

Senate Bill 481 (as reported without amendment)

Sponsor: Senator Veronica Klinefelt

Committee: Economic and Community Development

 


CONTENT

 

The bill would amend Public Act 317 of 2006, which establishes certain entities in the Michigan Strategic Fund, including the Michigan Defense Center, to update references to procurement technical assistance centers (PTACs) to APEX Accelerators.

 

MCL 125.1972

 

BRIEF RATIONALE

 

Generally, PTACs provide small businesses with no-cost advising on all aspects of government

contracting, including selling to Federal, state, and local governments and fulfilling contracts.

The United States Department of Defense (DoD) partially funds PTACs. In December 2022, the DoD and the Small Business Administration signed a memorandum of understanding that, among other things, changed the name of PTACs to APEX Accelerators.[1] Accordingly, it has been suggested that Michigan law be updated to include the new name.

 

Legislative Analyst: Abby Schneider

 

FISCAL IMPACT

 

The bill would have no fiscal impact on State or local government.

 

Date Completed: 3-1-24 Fiscal Analyst: Cory Savino, PhD

This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.

 



[1] Ellis, Stephanie, "Goodbye PTAC, Hello APEX Accelerators", SmallGovCon, Koprince McCall Pottroff LLC, December 12, 2022.