2020 was Officially, and Surprisingly, a Bang-up Year for Entrepreneurship

A new data set from the U.S. Census Bureau proves that the end of last year followed a similar pattern to what experts were seeing throughout: Americans officially filed more applications for new businesses in 2020 than in any year prior.

End-of-year data show that in 2020, new business applications were up 24% from 2019 and were 51% higher than the 2010-2019 average. Applications were up in Pennsylvania by nearly 24% more than in 2019, and high-prosperity business applications — those identified by the Census Bureau to be the applications that are most likely to turn into businesses with paid employees — were up nearly 16% in the state compared to 2019.

This, amid a pandemic and recession, when small businesses across the country have been scrambling for relief or closing altogether?

READ FULL ARTICLE HERE

Recent Deals

Interested in advertising your deals? Contact Edwin Warfield.