Much is made this time of year about the importance of buying local and the economic benefits that ripple through our state as a result of that. But little is said about investing local and its equally powerful impact — hopefully, that is about to change.
In a state where small businesses make up 98 percent of all commercial entities and employ more than half of the workers, it’s easy to see why pro-business legislation and investments by state leaders are smart. Michigan economic leaders estimate that for every $100 spent at a locally owned business, $68 are redistributed into the local economy. It’s a multiplier effect that powers our overall economy.
Read the full article on the Crain’s website.