Pandemic Start-Up Boom Doesn’t Show Signs of Stopping

The pandemic seems to have boosted entrepreneurial activity so much that Americans filed paperwork to start 4.3 million businesses last year. This number is up 24 percent from the year before and by far the most since the government started keeping track a decade and a half ago. In fact, prior to the pandemic, the nation had been facing a steady decline in entrepreneurship. The reopening of the nation’s economy doesn’t seem to be slowing this growth either; in fact, applications are expected to be even higher this year. The biggest gains have been seen in those industries that were hit hard by the pandemic, like food service and retail, but other industries, like construction and finance, are also seeing increases.

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