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Small Business Center

COVID Sparked a Surge in Start-Ups: Is This the Start of Something New?

October 5, 2023

Research from the University of Maryland and the Federal Reserve has revealed a notable increase in people starting businesses in the U.S. during and after the pandemic. This surge, spanning restaurants to tech start-ups, may be attributed to pandemic-induced changes in how people live and work and to government programs that provided capital for new businesses. While it’s still early to determine the long-term impact, experts suggest that this revival in business dynamism and increased start-up activity, could break the decades-long trend of declining entrepreneurship in the country.

To read more about this study and what it means for the future of labor and business in the country, read this story in The New York Times.

By Rebecca Meiser

Contributor, Commerce + Communities Today and Small Business Center

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