Entrepreneurial activity in Michigan was slightly below the “Top Ten” average in 2015. Entrepreneurial activity in Michigan ranked in the middle of its peers in 2015, after ranking near the bottom of its peers in 2012.
What It Is: Kauffman Index of Entrepreneurial Activity (the share of individuals age 20 to 64 who previously did not own a business and subsequently started a business with 15 or more hours worked during the year).
Why It Matters: This measure indicates the number of entrepreneurs in the state. Greater entrepreneurship, in the right environment, can lead to more innovation and more successful businesses in the state.