Facebook data finds Michigan leads U.S. in small business closings
Data from Facebook showed 28 percent of Michigan small businesses who responded to a survey reporting they were closed as of July, tied for most in the country.
"Of Michigan small businesses in July that responded to the survey, 28 percent reported they were closed, according to the report. That's 8 percentage points higher than the 20-percent national average. Joining Michigan at the top of the list are New York and Arizona, both at 28 percent. At the other end of the spectrum were Virginia, North Carolina and Tennessee, with closure rates of 10 percent, 11 percent and 16.5 percent, respectively."
Read more in Crain's Detroit.