America and Michigan need big business to help drive growth
Doug Rothwell on Wednesday, November 16, 2011 There’s a lot of talk these days about how to grow the economy. Much of it focuses on how to increase business start-ups and grow small businesses. That’s because small businesses have been responsible for most of the nation’s job creation.
What often gets over-looked is that small business is also responsible for most of the job reductions because they fail at a higher rate than large businesses. A good deal of their business is also dependent on contracts with large companies as corporations focus on staying lean.
But what might be most over-looked is the role big business plays in driving exports. The more a region exports, the more income it brings in from outside its borders that grows the wealth of its citizens. To grow income significantly, you need to export at scale and only big business has the size, brands and capabilities to export at a large scale.
