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Michigan is poised to boost its economy by leasing out unused properties that have long sat vacant, in an effort to generate revenue and attract new businesses to the state. Governor Cynthia Martinez announced the initiative on January 26, 2026, as part of the state's larger plan to revitalize underutilized spaces and create new opportunities for growth.The leasing program will initially focus on properties owned by the state government, including office buildings, warehouses, and land parcels that have been vacant or underutilized for years. By opening up these spaces for lease, Michigan hopes to attract a wide range of businesses and industries, from tech startups to manufacturing companies."We have a wealth of unused properties across the state that have the potential to drive economic growth and create jobs," Governor Martinez said in a statement. "By leasing out these spaces, we can not only generate revenue for the state, but also provide opportunities for businesses to invest in Michigan and help our economy thrive."The leasing program will be managed by a newly established State Property Leasing Office, which will handle the process of listing available properties, vetting potential tenants, and negotiating lease agreements. The office will work closely with local economic development agencies and industry groups to identify businesses that could benefit from the available spaces and help facilitate the leasing process.In addition to boosting the economy, the leasing program is also expected to have a positive impact on Michigan's communities by revitalizing blighted areas and creating opportunities for local residents. By bringing new businesses into unused properties, the state hopes to stimulate job growth and encourage investment in neighborhoods that have long been overlooked."We see this as a win-win for Michigan," Governor Martinez said. "Not only will it help us generate revenue and attract new businesses, but it will also breathe new life into communities that have been struggling. We are excited to see the positive impact that this initiative will have on our state."As the leasing program gets underway, state officials are optimistic about the potential for success and the opportunities it will bring for Michigan's economy. With a focus on revitalizing unused properties and attracting new businesses, the state is taking proactive steps to ensure a brighter future for all residents.