While it didn’t require vaccine mandates and remote employees clad in tie-dye, it turns out the decade of the 2010s was less-than-kind to the country’s startup scene.

The years of 2010-2019 marked one of the least entrepreneurial periods in US history, according to a new analysis from DC’s Economic Innovation Group (EIG), citing U.S. Census Bureau Business Dynamics Statistics, While entrepreneurship rates spiked back up in 2020, the latest report offers further proof that the pandemic boom in starting new firms marked an unexpected turn when compared with the years prior, and the last period that followed an economic shock. It’s important to remember this when considering the next decade, the report’s authors say.

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