HOUSE BILL NO. 5867

June 18, 2020, Introduced by Reps. Hammoud, Camilleri, Hood, Pagan, Cynthia Johnson, Peterson, Cherry, Sneller, Brenda Carter, Guerra, Sowerby, Yancey, Gay-Dagnogo, Hope, Kennedy, Pohutsky, Tyrone Carter, Ellison, Bolden and Stone and referred to the Committee on Commerce and Tourism.

A bill to amend 1984 PA 270, entitled

"Michigan strategic fund act,"

(MCL 125.2001 to 125.2094) by adding section 16.

the people of the state of michigan enact:

Sec. 16. (1) Beginning October 1, 2020, except as otherwise provided in subsection (2), the fund shall establish requirements to ensure that a business that receives a loan, a grant, or funding or other assistance for a program or activity described in chapter 8 or for a project under this act pays an hourly wage of not less than $15.00 per hour for each full-time and part-time employee or the equivalent if an employee is paid by salary, as determined by the fund.

(2) Subsection (1) does not apply to a business that meets 1 or more of the following as determined by the fund:

(a) Has fewer than 50 employees.

(b) Is a recipient of funds, including a loan, a grant, or funding or other assistance for a program or activity described in chapter 8 or for a project under this act, in an amount of $1,000,000.00 or less.