SBAM Sees Job Boom On Horizon

July 19, 2004
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LANSING — The Small Business Administration of Michigan is applauding a report indicating that 29 percent of small business owners in Michigan are prepared to hire more workers within the next 12 months.

“Half of Michigan’s private sector workers are employed at small businesses, 99 percent of employer firms are small businesses and 60 percent to 80 percent of net new jobs each year are created at small businesses,” said Michael Rogers, SBAM vice president of communications.

“So, when a big chunk of small employers say they are going to be looking for workers, that’s a very positive development for people in the job market.”

SBAM’s latest Small Business Barometer also found that 51 percent of respondents gave a “positive” rating when asked about accessibility of qualified personnel, while 14 percent gave a “negative” rating.

“Employers know good workers are available and momentum for business expansion continues to build, so we feel the stage is being set for a small business job boom,” he said.

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