Thursday, July 13, 2017

U.S. Senator Stabenow introduces legislation intended to help small business in Michigan.

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."

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