Bipartisan Michigan Bills Aims to Restore Tax Incentives for Business Development

Mark Tisdel and

A bipartisan bill aims to revive a killed business subsidy incentive that they say will spur new job creation in Michigan.

State Reps. Mark Tisdel, R-Rochester Hills and Angela Witwer, D-Delta Township, introduced House Bills (HB) 5425 and 5426 that aim to form the Michigan Employment Opportunity Program (MEOP) to provide incentives for business developments similar to the Good Jobs for Michigan (GJFM) program, which expired in 2019. 

“The Michigan Employment Opportunity Program will form a public-private partnership to bring good jobs to our state,” Tisdel said in a statement. “Government can make it easier for businesses to invest in our communities and support more Michigan workers, bringing economic growth – and the revenue that comes with it.”

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Michigan Jobs 322,000 Under Pre-Pandemic Level

Detroit skyline at night

Sixteen months after the COVID-19 pandemic began, Michigan is still behind 322,000 jobs compared to pre-pandemic in Feb. 2020. 

Michigan’s seasonally adjusted jobless rate of 5% percent was unchanged in June, according to data released by the Michigan Department of Technology, Management & Budget.

“Michigan’s labor market indicators were little changed in June,” Wayne Rourke, the associate director of the Bureau of Labor Market Information and Strategic Initiatives, said in a statement. “The Michigan unemployment rate has been near 5.0 percent for five consecutive months. Payroll job counts in June were similar to March levels.”

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Michigan Senate Votes to End $300 Weekly Federal Unemployment Benefits

The Michigan Senate voted 19-16 to approve House Bill 4434, which aims to end the state’s participation in boosted $300/week federal unemployment program.

Republicans have argued the benefit hinders economic recovery 15 months after the pandemic started.

Business owners told lawmakers on June 17 they can’t find workers, even after hiking pay, signing bonuses, and flexible hours. Some industries have seen as many as 35% of workers not return post-COVID-19, leaving some gas stations wondering if they’ll get enough gas.

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Nearly 3.2 Million New Jobless Claims Across U.S. Drives Tally During Outbreak to 33.5 Million

Even as a handful of states have made tentative steps back to normalcy in recent days, new jobless claims continue to flood in across all 50 states, driving the number of unemployment claims to 33.5 million over the past seven weeks.

According to data released Thursday morning by the U.S. Department of Labor, 3.17 million Americans filed for new unemployment benefits for the week ending May 2. That was down 677,000 from the previous week’s revised level of 3.85 million but still well above the numbers seen before the coronavirus outbreak led to the shutdown of most of the national economy.

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