Posted May 12, 2025 MI – Economic Data Share The state of Michigan has 24,095 franchise locations, which employ 254,980 people. Michigan franchises generated $25.1 billion in revenue in 2024. State Overview (PDF) 24,095 # of Franchise Locations 2.5% Franchise Location Growth Rate 254,980 Employees Employed by Franchises $25.1 Billion Franchise Revenue 4.2% Franchise Revenue Growth Rate