Michigan’s Entrepreneurial Rise Drives Opportunity and Innovation

Michigan’s rise as the third-best state for entrepreneurial success in 2025 tells a story of resilience, ingenuity, and transformation. With an 8.9% growth in business establishments between 2022 and 2023, the state continues to redefine its economic landscape. This growth reflects a dynamic shift in opportunities across industries, fueled by local talent and community-driven initiatives. Michigan saw the creation of 26,612 new businesses, increasing from 298,855 in 2022 to 325,467 in 2023. This accomplishment places the state just behind Montana, which achieved a 9.4% growth rate, and Oregon, which led the nation with a 9.9% increase in new businesses. While the numbers provide a clear picture of upward momentum, the lived experiences of entrepreneurs across Michigan give depth to this narrative. Detroit, Michigan’s largest city, plays a critical role in this transformation. Entrepreneurs in Detroit are capitalizing on its rich cultural heritage while leveraging its emerging role as a hub for technology and innovation. The city is home to an increasing number of Black-owned businesses that reflect its historic resilience and creative energy. Local entrepreneurs are building startups in tech, retail, and food services, all while prioritizing their communities. These efforts breathe new life into neighborhoods that have long been...