Michigan HB4106 allocates $20 million to support small businesses affected by minimum wage and paid sick leave changes.

Michigan HB4106 establishes a fund within the Department of Treasury to provide financial assistance to small businesses. The fund, named the Mothering Justice Small Business Assistance Fund, aims to ease the financial burden on small businesses due to increased minimum wage and paid sick leave requirements. The fund will distribute up to $20,000 per small business, defined as a for-profit business with 25 or fewer employees. The fund will be available until September 30, 2029, and is financed by a $20 million appropriation from the state general fund.

Michigan HB4106 allocates $20 million to support small businesses affected by minimum wage and paid sick leave changes.

Michigan HB4106 establishes a fund within the Department of Treasury to provide financial assistance to small businesses. The fund, named the Mothering Justice Small Business Assistance Fund, aims to ease the financial burden on small businesses due to increased minimum wage and paid sick leave requirements. The fund will distribute up to $20,000 per small business, defined as a for-profit business with 25 or fewer employees. The fund will be available until September 30, 2029, and is financed by a $20 million appropriation from the state general fund.