MICHIGAN CHRONICLE: Small Businesses Impacting Growth of Detroit Economy

Posted December 11, 2023

According to a February 2023 report by the City of Detroit’s University Economic Analysis Partnership, expectations from the study found “Detroit’s resilience in recovering from the pandemic to date to translate into continued growth even amid a challenging national economy.”

“The past year featured primarily, but not uniformly, encouraging developments in Detroit’s economy. We estimate that employment at establishments located within the city had recovered roughly 86 percent of the initial pandemic losses by the first quarter of 2022,” according to the report.