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.
Health insurance rates for small businesses in 2018 stand in sharp contrast to the state of the individual market in Michigan.
Health insurance rates for small businesses in Michigan will increase an average of 4 percent for 2018.
Over the past decade, many small business owners put off expansions or capital equipment purchases for as long as they could.
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.
No matter whether you love or hate the Patient Protection and Affordable Care Act, what’s become clear is that 2017 will bring major changes to the federal health care reform law.
The Legislature’s 2016 lame-duck session was marked by both bipartisan agreement on tough policy issues as well as contentious attempts to solve ongoing state problems that nonetheless split along party lines.
The Small Business Association of Michigan wants to find a route to further improve the state’s entrepreneurial climate.
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.