According to the US Census Bureau’s Business Formation Statistics, new business applications are up — way up. Widespread pandemic-driven layoffs served as fuel for an explosion of new startups, which reached record highs in 2020. The upward swing then continued into 2021, breaking the previous year’s record. From 2005 to 2016, 2.5 to 3 million … Continue reading US Census Data Shows New Business Applications Boomed During the Pandemic