Yes, Rates of Entrepreneurship Actually Are Increasing During the Pandemic

Throughout the second half of 2020, anecdotal stories about more and more people becoming entrepreneurs have been popping up across the city and nation.

It makes sense, despite the recession. Maybe your job was laying people off, or you suddenly had to figure out how to work while facilitating online schooling for kids. It could be the perfect time to put some effort into that business idea you’ve had in the back of your mind for years.

But data from the U.S. Census Bureau’s Weekly Business Formation Statistics shows us that it doesn’t just feel like there are more new small businesses popping up — there actually are.

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