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The Michigan Strategic Fund would take over the State Land Bank Fast Track Authority from the Michigan State Housing Development Authority. [ 4 ] The Michigan Department of Talent and Economic Development came into existence on March 16, 2015 with the department's first director being Steve Arwood, concurrently CEO of the MEDC.
In April 2011, Governor Snyder renamed the department to the "Department of Licensing and Regulatory Affairs" (LARA), transferring the Michigan Next Energy Authority, Michigan State Housing Development Authority, Bureau of Workforce Transformation, the Council for Labor and Economic Growth, and Land Bank Fast Track Authority to the Michigan ...
Unemployment insurance is funded by both federal and state payroll taxes. In most states, employers pay state and federal unemployment taxes if: (1) they paid wages to employees totaling $1,500 or more in any quarter of a calendar year, or (2) they had at least one employee during any day of a week for 20 or more weeks in a calendar year, regardless of whether those weeks were consecutive.
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In the United States, there is a standard of 26 weeks of unemployment compensation, known as "regular unemployment insurance (UI) benefits".As of December 2020, the U.S. has three programs for extending unemployment benefits: [1] Emergency Unemployment Compensation (EUC), Extended Benefits (EB), and Pandemic Emergency Unemployment Compensation (PEUC).
That process is commonly called FUTA credit reduction and was designed as an involuntary repayment mechanism. The reduction schedule is 0.3% for the first year and an additional 0.3% for each succeeding year until the loan is repaid. From the third year onward, there may be additional reduction(s) in the FUTA tax credit (commonly dubbed "add-ons").
Michigan is synonymous with the auto industry, as its economy has historically relied on GMC, Ford and Chevrolet. AFP via Getty Images Meanwhile, Vitale said, major American companies are ...
The Unemployment Insurance Act 1920 created the dole system of payments for unemployed workers in the United Kingdom. [8] The dole system provided 39 weeks of unemployment benefits to over 11,000,000 workers—practically the entire civilian working population except domestic service, farmworkers, railway men, and civil servants.