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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https://www.kansascityfed.org/documents/7087/US_BusinessApplicationsSurgeFaceCOVID19_EB_Brown.pdf
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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