After the large gains made coming out of the recession nearly a decade ago, Michigan’s small business climate shows signs of losing momentum for continued improvement.
More than 130 startups sought capital this year from a state-backed fund, far exceeding expectations and serving as another example of the need for funding at the earliest stages of the capital continuum.
Between 2007 and mid-2012, with Michigan’s economy in the grips of the Great Recession, more than 100,000 residents went to work for themselves either as sole proprietors or operators of small businesses.
Lansing-based MiQuest, a business pitch competition, included 10 West Michigan companies in its 2016 50 Companies to Watch list.
The environment for an entrepreneur to start and grow a business in Michigan continues to improve, although gains are slowing after a decade of significant change as other states do better as well.