Southeast Michigan's economy is trending upward, as shown by the most recent population and business investment increases.
"Southeast Michigan's population grew in 2013, while investment in Oakland County small business tripled, according to statistics released by regional leaders Monday.
Banks approved $22,719,100 in traditional loans for established small businesses last year, according to Oakland County Executive L. Brooks Patterson's office. That's more than three times the amount loaned in 2012: $7,050,195.
And the Oakland County Business Center helped 19 startups gather $39,159,531 in capital in 2013, an increase of more than 286 percent from 2012 when 12 new businesses accessed $13,669,878 in capital formation."