Senate Dems’ 2027 budget tackles the housing crisis, boosts workforce development, and supports small businesses

LANSING, Mich. (April 29, 2026) — Today, the Michigan Senate voted to pass the Fiscal Year 2027 budget for the Michigan Dept. of Labor and Economic Opportunity (LEO) and the Michigan Economic Development Corporation (MEDC). In response, Sen. Mary Cavanagh (D-Redford Twp.), chair of the Senate Appropriations Subcommittee on LEO/MEDC, has released the following statement:

“Right now, we are seeing every one of our communities struggle to navigate these uncertain times of increased costs, slashes to health care funding, new work requirements, and skyrocketing housing costs. That’s why our LEO/MEDC budget delivers smart, intentional investments in these key areas. From targeted affordable housing investments to community and small business programs to support for workers facing new federal uncertainty, this fiscally responsible budget supports Michiganders right now and prepares our state for what’s to come. Our budget truly puts the people of Michigan first — the way it should be.”

Key investments in the LEO/MEDC budget include funding for:

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