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Journal Article
The COVID-19 New Business Boom
Business applications increased across all sectors in the 12 months after February 2020, but the retail trade sector saw the largest increase.
Journal Article
U.S. Business Applications Surge in the Face of COVID-19
Business formation in the United States has been on a decline for several decades. Most prior economic recessions have accelerated this trend. However, the recent economic downturn associated with COVID-19 appears to have had the opposite effect: business formation, as measured by business applications, has actually surged since late May.