Small Businesses Decline in Michigan After P.A. 495 is Passed

In 2005, before Bill 4231 was passed and became Public Act 495, there were an estimated 822,000 small businesses in Michigan. Fifty-three percent, or 435,660 were home-based. In 2009, that number had been reduced to 805,902 according to Gaebler.com, a provider of resources for entrepreneurs. Small businesses in Michigan had a net job loss from 2005-2008, and self-employment in Michigan declined over the last decade. According to the most current federal data available as of October 4, 2015, Michigan now has 765,487 small businesses in Michigan, 209,751 of which have employees. The remaining 555,736 have no employees. That’s what happens when government allows big business and lobbyists to entice them to eliminate small business. You get decline instead of growth.