ARTICLE
Today, the Census Bureau released data confirming that the US remains in the midst of a surge in entrepreneurship, after decades of declining dynamism. There were 5.0 million new businesses created in 2022, according to today’s estimates – a 42% increase from pre-pandemic levels. In spite of recessionary fears and labor market uncertainties, many Americans still believe the time is right to start a business. This new crop of young businesses looks quite different from prior years because who is starting these firms, where they are created, and what they look like continues to evolve, expanding opportunity to more people and places. Read more!