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MI HB6051

Bill

Official Source

Status

Introduced

4/20/2010

Primary Sponsor

Mary Valentine

Click for details

Origin

House of Representatives

95th Legislature

AI Summary

  • Establishes a center for microenterprise development to be operated by the Michigan Strategic Fund.

  • Creates a Michigan microenterprise fund account within the Strategic Fund to provide funding for the center's operations.

  • Defines "microenterprise business" as a new or existing business with 5 or fewer employees, including startup, home-based, and self-employed individuals.

  • Designates eligible recipients as community-based nonprofit organizations with 501(c)(3) tax-exempt status that provide business training, technical assistance, or business loans to microenterprises.

  • Requires the center to actively seek federal and private funding sources in addition to state appropriations to support microenterprise development activities.

Legislative Description

Economic development; other; center for microenterprise development; create. Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by adding ch. 7A.

Economic development, other

Last Action

Referred To Committee On Commerce And Tourism

5/13/2010

Committee Referrals

Commerce & Tourism5/13/2010
New Economy And Quality Of Life4/20/2010

Full Bill Text

No bill text available