In the early years of the pandemic, Americans filed a historic number of applications to start new businesses — importantly, ones that were likely to employ other people.

  • New data shows that explosion of entrepreneurial activity continued last year, even as inflation and recession fears soared.

By the numbers: There were 1.7 million applications for new businesses that were likely to hire employees in 2022, according to the Economic Innovation Group, a bipartisan organization that analyzed data from the U.S. Census.

  • That’s down slightly from 2021’s all-time record of 1.8 million, but still well above pre-pandemic norms. Last year’s applications are up nearly 28% from before the pandemic.


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