2024 House Bill 5463

Economic development: other; center for microenterprise development; create.

A bill to amend 1984 PA 270, entitled “Michigan strategic fund act,” (MCL 125.2001 to 125.2094) by adding chapter 7A.

AI Analysis – Experimental

The bill establishes a center to support small businesses in Michigan with ten or fewer employees by seeking funding and providing assistance through nonprofit organizations.

Introduced in the House

Feb. 22, 2024

Introduced by Rep. Alabas Farhat (D-3) and 11 co-sponsors

Co-sponsored by Reps. Jason Hoskins (D-18), Veronica Paiz (D-11), Penelope Tsernoglou (D-75), Tullio Liberati (D-2), Jennifer Conlin (D-48), Mike McFall (D-8), Tyrone Carter (D-1), Joey Andrews (D-38), John Fitzgerald (D-83), Sharon MacDonell (D-56) and Phil Skaggs (D-80)

Referred to the Committee on Economic Development and Small Business

Dec. 10, 2024

Reported with substitute H-3