New businesses are opening, small-business lending is improving, and export-related jobs are growing.
When it comes to entrepreneurial change (which MiQuest measures as the momentum of growth relative to other states), Michigan has skyrocketed from 49th in 2008 to 12th in 2015.
Some key aspects of the report state that Michigan is in the top 10 in:
- Growth in New Business Owners (2nd)
- Private Lending to Small Business (2nd)
- Increase in High-Performance Firms (5th)
- Export-Related Jobs (6th)
- Export Intensity Growth (7th)
- High-Tech Manufacturing Employment (2nd)
- Physical Science and Engineering Workers (4th)
- Industry Research and Development (5th)
- Number of Works with Bachelor’s (or higher) Degrees or Related Certificates in Fields Relevant to Tech-based Economic Development (5th)
- University Research and Development (8th)
Michigan is ready for business, and this could be the perfect time for those with entrepreneurial passion to get started. I invite you to learn more about business ownership and franchising by attending my upcoming event.
- “Michigan Franchise Forum: Meet the Franchisors”
Lansing, MI - Thursday, April 16
This is your chance to learn about several premier franchise companies that are poised for continued expansion in our state, and meet their franchise development executives! Categories may include: Professional & Business Services, Light Manufacturing, Retail/Commercial Distribution & Recycling, Hair Care, Home/Commercial Improvement, Automotive Aftermarket, and more…
More Info | Register Now
Contact me at lbelford@frannet.com or 810-423-3956 with any questions you may have.
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