Michigan small business growth slows as job cuts outpace hiring

The job cuts in SMEs are picking up steam and expanding. This is reported by the “Frankfurter Allgemeine Zeitung” (Wednesday edition), citing the DATEV SME index. In March, employment in small and medium-sized enterprises was therefore 0.7 percent lower than a year ago. As a result, the job cuts that began in September last year in SMEs have recently accelerated. Small and medium-sized enterprises account for around 55 percent of employees in G…

Entrepreneurship Score Card shows Michigan losing edge in new business openings

Michigan’s entrepreneurial economy is fading in its strength over time, including relative to our Midwest neighbors, according to the 21st edition of the Entrepreneurship Score Card, released today by the Small Business Association of Michigan (SBAM) Foundation. This annual analysis combines dozens of metrics and measures to create a comprehensive evaluation of Michigan’s economic strength, with an emphasis on the entrepreneurial economy. “In re…

Michigan small business growth slows as job cuts outpace hiring

Michigan’s entrepreneurial economy slipped further in 2024, as new business starts declined from a pandemic-era spike and the percentage of companies shrinking headcount now outpaces those expanding employment.  At the same time, the number of sole proprietors and women-owned the state continued on a 20-year upward trend.  Those details are among the... Please login to read all 686 words.