Growing minority-owned businesses can transform our economy.
Beyond wealth creation for entrepreneurs and job creation for residents, small businesses have the opportunity to transform Detroit’s neighborhoods. Business retention and creation is an important step toward the revitalization of desirable middle-class neighborhoods, where residents have access to a range of services and amenities within a short distance of their homes.
Note: Data updates are not available for indicators ‘Entrepreneurship rates per capita’ and ‘Average business size,’ pending results of the U.S. Census Bureau’s 2022 American Business Survey.