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HB 6014

Economic development: Michigan strategic fund; office of small business growth; establish. Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by adding ch. 7A.

2025-2026 Regular Session Introduced by Timmy Beson and 5 co-sponsors

Creates the Office of Small Business Growth within the Michigan Strategic Fund to streamline resources, provide a 1-stop portal, and support growth, funding, and assistance for Mic

bill electronically reproduced 05/21/2026
#economicdevelopment:michiganstrategicfund
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Bill Summary · HB 6014

Summary of HB 6014 (2025-2026) — Michigan

Purpose and intent

  • Establishes the Office of Small Business Growth within the Michigan Strategic Fund (MSF) and creates a dedicated small business administrator to oversee the office.
  • Aims to support, grow, and retain small business jobs in Michigan, streamline state services for small businesses, and improve access to resources and capital.

Key provisions and changes

  • Creation and governance

    • Establishes the Office of Small Business Growth inside the Michigan Strategic Fund, headed by a Small Business Administrator appointed by the governor with Senate consent.
    • The administrator must be qualified for the duties; removal for cause by the governor with a legislative reporting requirement if removal occurs.
    • The administrator is prohibited from political campaigning or other activities that would create conflicts of interest or detract from duties.

  • Definitions

    • “Office of small business growth” and “small business” are defined for purposes of the chapter.
    • Small business: a business concern (and its affiliates) incorporated or operating in Michigan, independently owned and operated, employing fewer than 500 full-time employees.

  • Core duties of the Office (Sec. 79d)

    • Facilitate creation, growth, and retention of small business jobs in Michigan.
    • Coordinate state programs related to small businesses and streamline processes to improve customer service.
    • Create and maintain a 1-stop website with:
    • Step-by-step guidance on starting and operating a business in Michigan.
    • A comprehensive directory of grants, loans, and other incentives for small businesses.
    • Directories linking to the websites of relevant business organizations and state entities based on location and business type.
    • Provide direct aid and assistance to small businesses and entrepreneurs.
    • Cultivate a business environment that supports entrepreneurship and growth.
    • Offer technical assistance (business planning, regulatory compliance, financial management, marketing, operations, technology, accessing capital, etc.).
    • Conduct statewide outreach to raise awareness of available resources and services.
    • Seek additional funding from federal grants, philanthropic sources, and other avenues.
    • May administer programs (loans, grants, and other financing or economic development) and conduct trainings/workshops.
    • Identify and recommend changes to statutes or rules to benefit entrepreneurs and small businesses.
    • Take other actions to assist small businesses and entrepreneurs.
    • The office may assume any powers or duties of the MSF fund related to small businesses.

  • Data collection and reporting (Sec. 79e)

    • The office must collect and analyze data on program outcomes.
    • Annual reporting requirement due by April 10 each year to the MSF board, legislators, governor, and appropriate fiscal offices, summarizing the prior year’s activities and the data collected.

Who would be affected

  • Small businesses in Michigan (defined as those with fewer than 500 employees, including affiliates) by:
    • Access to a centralized hub of resources, guidance, and potential funding.
    • Streamlined interactions with state programs and improved customer service.
    • Potential benefits from new or enhanced financing programs, grants, or technical assistance.
  • State government and agencies coordinating small business programs, which would operate under a centralized office’s leadership and the “1-stop” website concept.
  • The Michigan Strategic Fund, which would host the new Office of Small Business Growth and possibly delegate certain powers and duties related to small-business programs to the office.

Procedural and timeline aspects

  • Status: Introduced and referred to the Committee on Economic Competitiveness (as of May 2026).
  • Reporting: The office must submit an annual performance and activity report by April 10 each year, detailing outcomes from the prior state fiscal year.
  • Appointment/removal: The Small Business Administrator is appointed by the governor with Senate consent; removal for cause with an associated requirement to report the reason to the legislature.

Notable details

  • The bill emphasizes nonpartisanship and full-time commitment for the administrator, with explicit prohibitions on political activities that could conflict with duties.
  • The creation of a centralized, user-friendly 1-stop portal is a central feature intended to consolidate information on requirements, incentives, and external resources for small businesses.

This summary provides the bill’s core goals, sizable provisions, who is affected, and the regulatory/operational timeline associated with HB 6014.

Compiled from official sources — confirm details with the bill’s official record.

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