
2026 State of the Region: Black Women Entrepreneurs, New Businesses Offer Silver Lining in Sobering Report About Michigan’s Economy

The Chamber’s recently released State of the Region report delivered sobering news: the house is on fire in Michigan as the state drops to the bottom of many economic metrics. But for new business startups in the Detroit Region and state, things are heating up in a good way, with business applications in Michigan seeing a 24% year-over-year growth, according to Chamber President and Chief Executive Officer Sandy K. Baruah.
While presenting the namesake report, Baruah shared that Black women are helping drive a lot of this economic growth, forming businesses at a rate 2.5x that of all women-owned businesses in the U.S., strengthening equity and long-term economic growth.

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