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Novi is considered a Large Town with a population of 59,715 and 6,557 businesses. 91 in 2018 were added to the Novi Chamber of Commerce business directory which was more than 2017 which had 84.

The economy of Novi employs 40,666 people and has an unemployment rate of 3.2%. Some of the largest industries in Novi are Professional Services (465),Restaurants (205), and Personal Services & Consultants (177).
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