(The Center Square) – Michigan’s entrepreneurial economy is on an upward swing of steady growth and is outpacing the national average, according to a report released today.
The Small Business Association of Michigan Foundation released the 19th Annual Entrepreneurship Score Card, which measures Michigan’s performance in entrepreneurship-specific economic indicators, which it compared to other states in order to forecast trends and identify signs of instability ahead.
“The pandemic seems to have sparked an impressive increase in entrepreneurship,” SBAM President and CEO Brian Calley said in a news briefing. “Michigan citizens appear to be turning to entrepreneurship more than ever before, even as the rising costs of inflation and worker shortages pose challenges, and a potential economic slowdown looms on the horizon.”
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