Posted 1/17/2024, 1:17:45 PM
Pandemic Triggers Lasting Entrepreneurship Boom After Sluggish Decade
- Recent years have seen a boom in business applications in the U.S. after a period of sluggishness
- The COVID-19 pandemic triggered an unexpected entrepreneurship boom starting in 2020
- Americans filed 59% more new business applications in October 2023 compared to pre-pandemic
- The entrepreneurship resurgence has been remarkably durable despite economic challenges
- Startup rates languished at all-time lows throughout the 2010s prior to the pandemic boom