The pandemic-era small business boom

By the numbers: There were 5.4 million applications to start companies in 2021, a 53% jump from pre-pandemic levels in 2019, according to census data.

A third of those were classified as “high-propensity applications,” meaning they’re new businesses that are likely to create jobs.

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And entrepreneurs aren’t slowing down: There were 430,000 applications in January, per data released this week.

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