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Mon November 14, 2011
Michigan Democrats promote small business measures
LANSING, Mich. (AP) - Democrats in the Michigan House are promoting legislation they say is designed to help small businesses hire more workers.
One measure detailed by Democrats on Monday would provide tax credits of up to $4,000 per person for small businesses that hire unemployed workers. The tax credits would be largest for hiring military veterans who have been jobless for a long time.
Other bills are aimed at developing a pool of money to loan to small businesses. The money would come through investments of a small percentage of state trust funds with Michigan credit unions and community banks, which in turn would make loans available to small businesses.
Democrats are in the minority in the House. The legislation could face an uphill climb to gain traction in the Republican-led chamber.
Environment and Economy