Whitmer kicks off ‘MI Small Business Summer Tour’ downstate

LANSING, Mich. (WLUC) – Governor Gretchen Whitmer Monday kicked off the MI Small Enterprise Summer time tour. The governor introduced she and her cupboard members will go to and acknowledge Michigan’s small companies which have proven resiliency all through the COVID-19 pandemic and are the spine of our communities.

All through the pandemic, the state’s dozens of financial aid applications for companies supported greater than 25,000 corporations and retained greater than 200,000 jobs.

In keeping with the governor’s workplace, the state of Michigan is already seeing promising outcomes from the financial insurance policies and COVID mitigation measures which have helped small companies and dealing individuals recuperate from the pandemic:

  • Michigan’s economic system grew 7.6% within the first quarter of 2021, the perfect within the Midwest, larger than the nationwide common, and among the many high 10 states nationwide.
  • An impartial evaluation from the monetary publication Credible states that our financial restoration is the 2nd strongest nationwide.
  • The monetary rankings businesses Fitch Rankings and S&P International Rankings just lately improved Michigan’s credit standing outlook, affirming that Michigan is headed in the best path and saving taxpayers cash by decrease borrowing prices for upcoming bond points.
  • New projections present the state’s income outlook growing by almost $6.5 billion — from a $3 billion deficit to a $3.5 billion surplus.
  • Michigan’s unemployment charge is sort of one level decrease than the nationwide common as extra Michiganders get again to work.

“As we proceed to place Michigan’s economic system first, I’m laser targeted on getting small companies the assist they want and creating jobs,Governor Whitmer mentioned. “Our dedication to small companies is fueled from listening to from the small companies themselves. From internet hosting a sequence of small enterprise summits with Lt. Gov. Gilchrist to our latest Jobs and Financial system city corridor, we’ve been listening to what small companies want straight from those that want it most. These conversations make sure that our financial restoration is robust and meets the wants of Michiganders throughout the state as we put Michigan again to work.”

Whitmer and the Michigan Division of Labor and Financial Alternative (LEO) have launched the Michigan.gov/SmallBusiness web site to assist Small Companies navigate state applications and companies obtainable to assist them not solely recuperate, however develop and thrive within the years to return.

Further applications geared toward serving to employers fill job openings and supply secure, wholesome work environments for workers could be discovered at Michigan.gov/BackToWork.

“Thus far, we’ve supported tens of 1000’s of small companies, maintaining tens of millions of Michiganders onerous at work whereas investing billions of {dollars} again into the economic system,” Lieutenant Governor Garlin Gilchrist mentioned. “However we are able to’t cease there. As we proceed setting a course for financial restoration, we want extra efforts to stabilize, recuperate and in the end develop the economic system in Michigan to construct on the muse of assist and aid we’ve already administered statewide.”

Along with the June statewide virtual small business summit and in-person Detroit Small Business Summit, the State of Michigan is bringing collectively small companies, state and native policymakers, regional financial growth leaders, banks and credit score unions, enterprise house owners and group organizations to gather suggestions by means of regional small enterprise summits and different outreach occasions to learn to finest create insurance policies and program to proceed to assist small companies.

Further regional and industry-specific occasions are within the strategy of being scheduled. Thus far, no excursions are scheduled within the Higher Peninsula.

To register and for extra info, go to the online Small Business Summit meetings site.

Copyright 2021 WLUC. All rights reserved.

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