The Unexpected Boom In Startups
Despite the pandemic — or maybe because of it — new businesses are starting at record rates.
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America is currently experiencing what some are calling a "startup boom." That's right — even with a raging pandemic and an ugly recession, America is seeing a boom in the creation of new businesses.
John Haltiwanger, an economist at the University of Maryland, has been working with the U.S. Census Bureau to measure new business creation for decades. Every new business that hires workers, he says, has to apply for an employer identification number with the government, and when the coronavirus pandemic
