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Pandemic Triggers Surge in Startups, Breaking Decades of Decline

  • New research shows a surge in startups during and after the pandemic, breaking decades-long declines in entrepreneurship.

  • The pandemic permanently changed how Americans live and work, opening opportunities for entrepreneurs.

  • Applications for new businesses are 30% higher than pre-pandemic, with a spike after stimulus money was distributed.

  • Young companies now account for more job creation, contributing to "labor shortages."

  • The study connects the startup boom to pandemic assistance, but doesn't address if Biden deserves credit.

nytimes.com
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