Journal Article

U.S. Business Applications Surge in the Face of COVID-19


Abstract: Business formation in the United States has been on a decline for several decades. Most prior economic recessions have accelerated this trend. However, the recent economic downturn associated with COVID-19 appears to have had the opposite effect: business formation, as measured by business applications, has actually surged since late May.

Keywords: Business formation; Businesses; Business applications; Economy; COVID-19;

JEL Classification: E32;

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Bibliographic Information

Provider: Federal Reserve Bank of Kansas City

Part of Series: Economic Bulletin

Publication Date: 2020-11-18

Pages: 4