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MI HB5868
Bill
Status
6/18/2020
Primary Sponsor
Abdullah Hammoud
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AI Summary
HB 5868 Summary
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Requires businesses receiving more than $1,000,000 in federal COVID-19 pandemic funds in 2020 to pay employees at least $15.00 per hour or equivalent salary to be eligible for Michigan Strategic Fund assistance.
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Exempts businesses with fewer than 50 employees from the $15 minimum wage requirement.
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Exempts businesses receiving $1,000,000 or less in Michigan Strategic Fund assistance from the wage requirement.
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Applies to all forms of fund assistance including loans, grants, and other funding for programs or projects under the Michigan Strategic Fund Act, effective October 1, 2020.
Legislative Description
Economic development: Michigan strategic fund; employee compensation rate for companies receiving funds under the Michigan strategic fund; establish. Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by adding sec. 15.
Labor: fair employment practices
Last Action
Bill Electronically Reproduced 06/18/2020
6/23/2020