Grand Rapids Business Journal
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A new report found over half of Grand Rapids workers are employed by small businesses, the ninth-highest percentage among large metros.
Construction Coverage used data from the U.S. Census Bureau to create the ranking, “Cities Most Dependent on Small Businesses,” and 50.36% of Grand Rapids workers are employed by a small business.
“Collectively, small enterprises employ around 60 million Americans, which represents nearly half of the private workforce in the U.S.,” wrote Jonathan Jones in the report. “Compared to larger firms, small businesses tend to be (nimbler), which promotes competition and innovation in the economy. … But with fewer financial resources than larger firms, small businesses are especially vulnerable during economic downturns.”
While wives are much more likely to outearn their husbands today than they were several decades ago, the share of female breadwinners varies on a geographic basis due to cultural
Entrepreneurship is one of the many ways that individuals can build wealth in America. There are nearly 170 thousand minority-owned startups in the U.S., employing over 700 thousand people and