Alabama NewsCenter — U.S. Business Starts Enjoyed Best Year Ever Amid COVID-19

The complete article can be found at AlabamaNewsCenter.com.

By Michael Sasso and Steve Matthews
Bloomberg

The surge of U.S. business formations in the back half of 2020 has been one of the pandemic’s many surprises.

After cratering by 30% in the weeks following the March lockdowns, paperwork filed by prospective businesses started growing in June and finished the year ahead of 2019’s tally by almost a quarter, according to a U.S. Census Bureau analysis of federal tax documents.

It was the highest annual total on record, according to John Haltiwanger, an economist at the University of Maryland.

Click HERE to see the full article on the Alabama NewsCenter website.

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