Southeast Michigan's economy is trending upward, as shown by the most recent population and business investment increases.
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"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."
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