Labor and Economic Opportunity
The State of Michigan is already seeing promising results from the economic policies and COVID-19 mitigation measures that have helped small businesses and working people recover from the pandemic:
An independent analysis from the financial publication, credible, states that our economic recovery is the
2nd strongest nationwide.
Michigan's unemployment rate
is nearly one point lower than
the national average as more
Michiganders get back to work.
New projections show the state's revenue outlook increasing by nearly $6.5B -- from a $3B deficit to a $3.5B surplus.
Michigan's economy grew 7.6%
in the first quarter of 2021, the
best in the Midwest, higher than the national average, and among the top 10 states nationwide.
Bolstering Michigan's Startups hosted by the Lt Governor: The state is looking to use some of its State Small Business Credit Initiative (SSBCI) funding to create new programs that provide pre-seed investments into startups around the state. We look to partner on an event that brings together entrepreneurs, business incubators, and investors to discuss the benefits of this type of program and how it could be structured. Register for the event.
Tribal Small Businesses hosted by the Lt Governor: The SSBCI program has a special set aside for Tribal governments and the state would like to partner with tribes in Michigan on an event to discuss how the state can help support their applications and programs. Register for the event.