Michigan slipped to 41st in the rankings of the best states for entrepreneurs, dropping six spots from last year. The decline is due to slower job growth and a drop in consumer spending, which fell to just 0.4%. Michigan also saw a loss of educated workers, with over 7,000 leaving the state. Despite these challenges, the national entrepreneurial scene is booming, with a record number of new businesses opening each month, driven by trends like remote work, the gig economy, and advancements in AI.
Reporting for WGRT – JP bZet
