The department oversees the state's programs for unemployment insurance, business growth, affordable housing, labor relations, and tourism, among others.
On December 18, 2014, Governor Rick Snyder used his constitutional authority to reorganize the executive branch of government to create the Michigan Department of Talent and Economic Development (TED).
The formerly defunct State Lake Bank Fast Track Authority was re-formed.
[7] Also transferred in were: Michigan State Housing Development Authority, State Historic Preservation Office, State Historic Preservation Review Board, Unemployment Insurance Agency, Michigan Council for Rehabilitation Services, Michigan Community Service Commission, Asian Pacific American Affairs Commission, Board of health Safety and Compliance and Appeals, Bureau of Services for Blind Person, Commission for Blind Person, Commission on Middle Eastern American Affairs, Employment Relations Commission, Hispanic/Latino Commission of Michigan, Michigan Occupational Safety and Health Administration, Worker's Compensation Agency and Worker's Compensation Board of Magistrates.
[4] TIA's first director was Stephanie Comai when the agency came into existence on March 16, 2015 with in the Department of Talent and Economic Development.