Here’s news you can use in a constantly changing business environment, including how Michigan can grow young talent, how much our state contributes to national GDP, an overlooked labor pool and more.

1. How Michigan can grow young talent — Michigan’s population has declined for the past two years and nearly half of young Michigan residents expect to leave the state. Sandy K. Baruah, Detroit Regional Chamber President and Chief Executive Officer, discusses what it would take to foster Michigan’s population retention and growth.
2. America’s $20 trillion economy — For those who prefer graphics to straight figures, check out this chart that illustrates GDP by state.
3. Do you know your breakeven point? This crucial measure helps entrepreneurs make informed financial decisions. Learn how to calculate and monitor your business’ breakeven point.

4. Employers reconsider prior drug use — In the face of a tight labor market, employers who previously overlooked millions of people as potential candidates are rethinking restrictive background checks.
5. Transform tough times — Rather than waiting for the good times, many entrepreneurs are embracing challenges for what they are: opportunities in disguise. Discover why tough times offer opportunities to start a business or expand into new markets.

Thank you to our Friday Five sources: Detroit Regional Chamber, Visual Capitalist, Forbes, Fast Company and Entrepreneur.

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