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May 31, 2023
Business owners remain optimistic about their future in Michigan and expect continued profit improvement, according to the latest Michigan Future Business Index, published in partnership with Accident Fund Insurance Company of America and the Michigan Business Network.
“This latest survey continues to reflect the strong optimism of business owners in Michigan,” said Mike Britt, president of Accident Fund. “A vibrant and healthy business climate is critically important to small and mid-sized businesses. Although we have significant challenges ahead, we’re clearly moving in the right direction.”
Amid the optimism, challenges were noted surrounding the issue of finding qualified talent to fill open positions. Of primary concern to the survey participants was finding skilled workers and some projected a possible pullback in hiring because of the limited access to skilled labor.
“Michigan businesses continue to demonstrate a strong ability to overcome obstacles and move forward,” said Chris Holman, CEO of the Michigan Business Network. “The success of our business community is the key to a prosperous economy and I’m proud of all they do to make Michigan strong.
Review a detailed summary of the December 2014 Michigan Future Business Index at MichiganBusinessNetwork.com.
About the Survey
The semi-annual Michigan Future Business Index has been commissioned by Accident Fund Insurance Company of America and the Michigan Business Network since 2006 and is conducted by the Michigan-based marketing services and survey research firm, Phoenix Innovate. A total of 698 Michigan business owners and C-suite executives were interviewed for the December 2014 survey.
May 31, 2023
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