In this Small Business Briefing, Brian Calley and Sarah Miller cover significant updates on the Earned Sick Time Act, with new House bills (4001 and 4002) introduced to restore the tipped wage credit and amend the Act.
The discussion also includes the 2024 census estimates, showing a slight population increase in Michigan due to international immigration, and notable statistics on births and net domestic migration losses.
The December jobs report is highlighted, showing stronger-than-expected growth with 250,000 new jobs, mainly in the service industry, and its implications for interest rate cuts.
Updates on the Corporate Transparency Act include a nationwide stay and ongoing litigation in Michigan’s Western District Federal Court.
Early insights into the 2026 gubernatorial race are shared, mentioning potential candidates like Mike Duggan, Jocelyn Benson, Pete Buttigieg, and Mike Cox.
Brian also presents various data points, including federal tax code complexity, US debt holders, road funding challenges, labor force participation, and job market trends.
The briefing concludes with a reminder to utilize SBAM’s resources for compliance with the Earned Sick Time Act and an invitation to join the next webinar and briefing.
Stay informed with key insights and updates relevant to small business owners in Michigan.