- June 29, 2021
- Posted by: Stratford Team
- Category: Business
Michigan’s small businesses were disproportionately harmed compared to other industries during the pandemic with significant declines in revenue and the number of businesses operating, but experts remain optimistic about a strong post-pandemic recovery.
That’s according to the 2021 Michigan Entrepreneurship Scorecard, released today by the Small Business Association of Michigan, that details the state’s “entrepreneurial economy” during the COVID-19 pandemic.
SBAM President Brian Calley said this year’s scorecard is drastically different from reports over the previous 17 years to account for pandemic-related dynamics like state-ordered business closures and government relief programs.
“We felt we really needed to speak directly to the intricacies of the pandemic, the interventions taken, the differences between the top-line economic statistics and what’s happening between different verticals within the economy,” Calley told MiBiz….