By Jeff Brown Editor & Publisher. July, 13, 2017.
According to a July 12, 2017 press release, U.S. Senator Debbie Stabenow introduced legislation titled the Growing Small Business Act. The act would allow small business to receive a tax cut that would help enable growth and business expansion. The bill provides for a 25% tax credit for the cost of buildings and equipment for a business's first commercial production facility.
According to Stabenow, "During my small business tour, I have met so many talented entrepreneurs who are working hard every day to grow their business's and create jobs." "My bill provides a tax cut that will make it easier for bakers, brewers, software companies, and other small business's across Michigan to take that next step to expand their business."