Michigan Small Business Facts

Michigan Small Business Facts
2010* 2009 2000
Number of Businesses
Small employers (<500 employees) 171,360 173,284 190,738
Large employers (500+ employees) 2,985 3,019 3,123
Nonemployers 679,752 666,395 526,958
Business Owner Demographics
Male-owned 412 1,250 225,907
Woman-owned 248 244 26,446
Equally male/female-owned 131 223 24,579
African American-owned 73 31 3,591
Asian-owned 22 66 7,069
Hispanic-owned 11 19 3,636
Native American/Alaskan-owned 6 5 637
Hawaiian/Pacific Islander-owned
Veteran-owned 97 219 39,713
Publicly held, unclassified 26 1,797 558,181
Source: U.S. Dept. of Commerce, Census Bureau, Bureau of Economic Analysis; U.S. Dept. of Labor, Bureau of Labor Statistics; Admin. Office of the U.S. Courts; Federal Deposit Insurance Corporation; and U.S. Small Business Admin., Office of Advocacy. * Latest available data. †Percentage point change. ‡Data are for CRA loans.