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Michigan Business Data

Businesses, industries, public companies, banks, trucking companies, new business applications and bankruptcies in Michigan.

Employer establishments
229,564
2023
Employees
4,041,074
New applications, 12 months
171,885
+22.8% vs. prior 12 months

Industries

Employer businesses in 2023

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IndustryEstablishmentsEmployeesAverage pay
Health care and social assistance28,979645,129$58,200
Manufacturing12,192604,978$68,993
Retail trade32,868464,027$35,956
Accommodation and food services21,720394,668$23,539
Administrative and support services13,736361,181$44,421
Professional and technical services22,561322,128$98,133
Wholesale trade10,034184,396$84,135
Construction21,298181,952$80,972
Finance and insurance12,501172,517$94,701
Other services23,311163,706$40,163
Transportation and warehousing8,049148,972$62,994
Management of companies1,470122,995$111,157
Educational services2,47870,515$38,365
Information3,88759,414$97,263
Real estate and rental9,10656,616$60,562
Arts, entertainment and recreation3,76354,270$44,221
Utilities44024,033$132,275
Agriculture, forestry and fishing6515,113$55,053
Mining, oil and gas3194,230$88,501

Total annual payroll: $247.3B

Largest public companies in Michigan

All companies

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#CompanyRevenueNet income
1Ford Motor CoF$187.3B-$8.16B
2General Motors CoGM$185B$2.7B
3DOW Inc.DOW$39.97B-$2.44B
4Penske Automotive Group, Inc.PAG$31.81B$935.4M
5Stryker CorpSYK$25.12B$3.25B
6Lear CorpLEA$23.26B$436.8M
7Whirlpool CorpWHR$15.52B$318M
8Borgwarner IncBWA$14.32B$277M
9CMS Energy CorpCMS$8.54B$1.07B
10Ally Financial Inc.ALLY$7.91B$852M

Banks headquartered in Michigan

72 FDIC-insured banks

All banks

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#BankTotal assetsDepositsOffices
1Northpointe Bank$7.53B$5.25B1
2First National Bank of America$6.82B$3.88B3
3Mercantile Bank$6.24B$4.93B41
4Independent Bank$5.66B$4.93B59
5ChoiceOne Bank$4.45B$3.61B50
6Macatawa Bank, National Association$3.69B$3.07B28
7Bank of Ann Arbor$3.5B$2.84B18
8Isabella Bank$2.17B$1.85B31
9Southern Michigan Bank & Trust$1.68B$1.4B21
10The Dart Bank$1.47B$1.27B4

Trucking companies

Carriers in this state
Active carriers
78,103
Power units
321,297
Drivers
315,412

New businesses and bankruptcies

Counties

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CountyEstablishmentsEmployeesAverage pay
Oakland County39,792733,671$72,528
Wayne County33,699665,558$70,068
Macomb County19,593328,741$61,971
Kent County17,799384,635$59,787
Washtenaw County8,322158,858$70,778
Genesee County7,733121,033$50,797
Ottawa County6,865117,661$54,248
Ingham County6,160111,995$59,373
Kalamazoo County5,704114,065$60,232
Livingston County4,49556,639$49,390
Saginaw County4,09277,361$53,420
Berrien County3,56152,794$53,811
Grand Traverse County3,54947,454$59,137
Muskegon County3,14751,826$50,802
St. Clair County3,08041,206$50,470
Jackson County2,99150,612$57,806
Allegan County2,57138,899$55,634
Calhoun County2,48248,331$60,396
Monroe County2,39537,143$53,780
Eaton County2,18242,828$53,064
Bay County2,04429,377$47,667
Lenawee County1,80823,238$45,318
Midland County1,79537,324$73,662
Lapeer County1,77120,902$43,187
Marquette County1,65521,827$49,391
Emmet County1,57716,212$51,626
Isabella County1,42325,575$48,548
Clinton County1,40617,584$49,985
Van Buren County1,32717,635$55,017
Shiawassee County1,20214,259$45,959
St. Joseph County1,14919,429$54,727
Montcalm County1,05813,588$44,164
Delta County99111,596$47,253
Barry County96511,546$47,301
Huron County93310,758$48,097
Wexford County91013,253$45,556
Ionia County90412,367$44,584
Charlevoix County8919,264$56,107
Houghton County8919,246$42,810
Sanilac County8488,997$46,409
Otsego County8469,372$47,809
Tuscola County8429,643$48,482
Branch County83313,376$53,275
Newaygo County82911,124$50,757
Alpena County82210,141$46,993
Dickinson County80613,335$55,893
Leelanau County7965,239$52,670
Chippewa County7788,650$43,487
Cass County7777,632$44,972
Hillsdale County77610,861$48,995
Cheboygan County7704,794$49,001
Mason County7389,225$46,759
Mecosta County7279,425$42,607
Gratiot County72510,633$48,071
Antrim County6254,502$45,845
Iosco County6236,756$46,997
Clare County6076,793$46,625
Manistee County5745,667$49,713
Ogemaw County5675,498$41,900
Roscommon County5514,204$40,830
Benzie County4743,659$44,033
Oceana County4684,588$50,498
Mackinac County4512,342$73,904
Osceola County4416,886$45,426
Menominee County4355,586$43,809
Gladwin County4334,882$43,877
Gogebic County3654,072$35,892
Iron County3582,475$43,313
Arenac County3553,619$46,786
Kalkaska County3534,120$64,658
Crawford County3203,715$51,972
Presque Isle County3172,176$41,178
Missaukee County3082,780$43,791
Alger County2201,733$49,430
Schoolcraft County2141,717$48,484
Montmorency County2071,592$38,863
Alcona County1821,126$38,583
Lake County1761,192$36,467
Oscoda County1761,335$44,181
Baraga County1731,778$45,790
Ontonagon County165902$33,547
Luce County1581,502$44,897
Keweenaw County59347$41,778

Source: U.S. Census Bureau, SEC, FDIC, FMCSA and the U.S. Courts · Last updated 12/31/2023