Over 5 Million New US Startups Show Covid-Era Boom Has Legs
- New business applications in 2022 were up 44% from 2019
- Largest increases are in South, where many migrated recently
Source: Getty Images
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More than 5 million businesses were created in the US last year, a sign that the entrepreneurship boom spawned by the pandemic may be long-lasting.
New business applications rose by 44% from 2019 to 2022, with the sharpest increases in Southern states, according to US Census Bureau figures released Tuesday.