MI HB5463

Creates the Center for Microenterprise Development under the Michigan Strategic Fund to provide support to small businesses with 10 or fewer employees, including startups, home-based businesses, and self-employed individuals

Defines "microenterprise development organization" as a tax-exempt nonprofit organization under section 501(c)(3) that provides business development training, technical assistance, or business loans to microenterprises

Authorizes the Michigan Strategic Fund to operate the center and seek federal and private funding sources to support its operations

Grants the center authority to assist microenterprise development organizations and provide direct support to microenterprise businesses