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(USA) Fact of the Week: Applications for New U.S. Businesses Reached an All-Time High in 2020 and are Increasing Stably in 2021 (ITIF)

Luke Dascoli writes for  ITIF:  The COVID-19 pandemic has undoubtedly been a massive economic disruption to big and small businesses alike. Business closures and labor-market distortions due to the pandemic shocked the U.S. economy, emulating past hardships like the Great Recession. Yet while economic growth, productivity, and rates of entrepreneurship fell in patterns like those in the Great Recession, U.S. entrepreneurship appears to be stabilizing far better this time around. A notable indicator of this ongoing aspect of recovery from the pandemic is the number of applications for new businesses.

go to ITIF website: Fact of the Week: Applications for New U.S. Businesses Reached an All-Time High in 2020 and are Increasing Stably in 2021 | ITIF