2008 impacts of michigan’s small business and technology development centers may 7, 2009
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2008 Impacts of Michigan’s Small Business and Technology
Development Centers
May 7, 2009
Industry Make-up of EmploymentMichigan, March 2009
Trade Transportation &
Utilities
Leisure & Hospitality
Education & Health Services
Government
Other Services
Professional & Business Services
Information
Financial Activities
Manufacturing
MiningConstruction
Employment Growth (Or Not)
Michigan Rate of Employment ChangeMarch 2009/March 2008
1.5-1.0
-3.3-3.7-3.8
-6.0-6.4-6.6-6.9
-10.3-12.4
-16.3
-20.0 -15.0 -10.0 -5.0 0.0 5.0
Education & Health ServicesGovernment
Other ServicesLeisure & Hospitality
MiningFinancial Activities
TotalTrade Transportation & Utilities
InformationConstruction
Professional & Business ServicesManufacturing
Percent Change
March 2009 Unemployment RatesMarch 2008 Unemployment Rates
Unemployment Rates By County
5 - 8
9 - 10
11 - 13
14 - 17
18 - 28
State March 2009: 13.4
State March 2008: 7.9
Percent of Total Employment Engaged in Manufacturing
Percent of Employment in Manufacturing
1 - 6
7 - 10
11 - 15
16 - 20
21 - 31
State: 12
Job Creation is Vital
Source: George Erickcek: http://www.ruralmich.org/conferences/2009/Is_There_a_Fountain_of_Youth_for_Local_Firms.pdf
Job Creation is Vital Even for Manufacturing
Source: George Erickcek: http://www.ruralmich.org/conferences/2009/Is_There_a_Fountain_of_Youth_for_Local_Firms.pdf
We Perceive Opportunities in Recessions
• Job creation exists in Michigan– Small firms create about 64% of all new jobs– Between 2002 and 2004, over 2 million
additional firms with fewer than 500 employees were established in the U.S.
• If Michigan seeks to reinvent itself– Recessions generate entrepreneurs– We perceive new opportunities to engage
entrepreneurs. If only we can find funding.
Industry JobsAverage
Annual Wages Wages11 Agriculture, Forestry, Fishing and Hunting 18 14,836 285,81721 Mining 2 54,328 108,65622 Utilities 5 36,112 181,81923 Construction 93 43,218 4,151,60231-33 Manufacturing 1,718 63,486 109,070,96842 Wholesale Trade 44 55,877 2,502,32744-45 Retail Trade 139 19,335 2,575,63848-49 Transportation and Warehousing 28 31,636 767,76651 Information 66 51,104 4,229,35852 Finance and Insurance 19 62,192 1,129,59653 Real Estate and Rental and Leasing 23 37,840 906,31254 Professional, Scientific, and Technical Services 231 61,701 14,072,64255 Management of Companies and Enterprises 2 44,623 89,24656 Administrative and Support and Waste Management and Remediation Services63 22,205 1,334,19661 Educational Services 31 20,215 631,32962 Health Care and Social Assistance 213 31,495 6,624,99571 Arts, Entertainment, and Recreation 41 20,150 872,94672 Accommodation and Food Services 474 12,708 5,766,89881 Other Services 133 21,875 2,792,33792 Public Administration 24 47,197 1,197,117MI-SBTDC Total 3,368 159,291,563
MI-SBTDC Supported Jobs and Wages2008
MI-SBTDC 2008:Jobs Creation
EmploymentMultiplier
3.80
REGION
DIRECT JOBS CREATED OR RETAINED IN
REGION
ADDITIONAL JOBS CREATED IN
REGION
ADDITIONAL JOBS CREATED IN REST
OF STATE
TOTAL JOBS CREATED IN
STATE
Region 1 227 352 82 661Region 2 69 113 27 209Region 3 38 70 27 135Region 4 281 458 100 838Region 5 160 259 60 480Region 6 323 597 287 1,207Region 7 182 453 63 699Region 8 163 301 79 543Region 9 245 530 107 882Region 10 1,225 3,295 980 5,500Region 11 268 528 97 893Region 12 187 504 47 738State Totals 3,368 7,460 1,957 12,785
MI-SBTDC 2008:Sales Generation
REGION
SALES GROWTH IN REGION ($000)
ADDITIONAL SALES GROWTH IN REST
OF STATE ($000)
TOTAL STATE SALES GROWTH
($000)
Region 1 27,262.1 15,334.2 42,596.3Region 2 9,157.3 5,775.3 14,932.6Region 3 6,151.4 5,353.4 11,504.8Region 4 34,589.0 22,467.0 57,056.0Region 5 20,928.5 10,916.3 31,844.8Region 6 74,720.7 55,173.3 129,894.0Region 7 62,473.4 9,021.2 71,494.6Region 8 29,933.6 12,289.9 42,223.4Region 9 75,408.2 6,533.5 81,941.7Region 10 713,286.1 209,704.6 922,990.8Region 11 51,611.0 21,868.6 73,479.5Region 12 60,900.6 6,845.1 67,745.7State Totals 1,166,421.8 381,282.4 1,547,704.2
MI-SBTDC 2008:Tax Generation
State Tax Generated per Direct Job
21,254
State Tax Generated per Direct Sales
0.06
REGION
STATE TAX REVENUE
($000)
FEDERAL TAX REVENUE
($000)
STATE & FEDERAL TAX
REVENUE ($000)
Region 1 2,242.8 5,627.9 7,870.6Region 2 697.4 1,751.3 2,448.7Region 3 660.6 1,642.3 2,302.8Region 4 2,786.0 6,998.6 9,784.6Region 5 1,712.8 4,299.2 6,012.0Region 6 6,296.7 15,695.3 21,992.0Region 7 3,250.2 8,255.4 11,505.6Region 8 2,300.7 5,803.4 8,104.1Region 9 3,901.6 9,884.2 13,785.8Region 10 41,403.5 103,792.8 145,196.3Region 11 3,839.7 9,671.3 13,511.0Region 12 2,492.2 6,271.0 8,763.1State Totals 71,584.1 179,692.6 251,276.6
• PowerPoint presentation can be downloaded at,www.cea.msu.edu
• For further information, contactSteven R. Miller 88 Agriculture Hall Michigan State University East Lansing, MI 48824 (517) 355-2153 [email protected]