June 18, 2014

Nearly 1 million small businesses open in Michigan

At Crain's Detroit Business -
"Nearly 1 million small businesses operate in Michigan – accounting for nearly half of the state’s private employers.

To be precise, Michigan has 856,273 firms with fewer than 500 employees, according the Small Business Administration’s annual state-by-state look at small business in America. The data, released today, looks at the demographics and lifecycle of these firms from 2010 to 2013.

“Michigan’s small businesses contribute so much to the state’s economy,” said Winslow Sargeant, the SBA’s Chief Counsel for Advocacy. “No one can doubt the significant role small businesses play in our economic landscape.”"

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