Business boom: Record numbers of people are starting up new small businesses
NEW YORK (AP) — Record numbers of people are starting new businesses, and more and more of them are women and minorities, according to a new study.
New business applications jumped in 2020 as the pandemic started, and have continued to be filed at a record pace. More than 5 million applications were filed in 2021 and 2022 and a record 5.5 million new business applications were filed in 2023.
Payroll firm Gusto surveyed 1,300 owners who started their small business last year to discover their characteristics.
Women made up 49% of the new business owners surveyed. That’s in line with the past several years, but up starkly from 2019, when just 29% of new business owners were women.
Still, women do not receive as much interest from investors as men. In 2023, just 3% of women entrepreneurs received a private capital investment to start their business, compared to 9% of male entrepreneurs.
Related articles
Seattle Kraken fire coach Dave Hakstol after leading the franchise for its first 3 seasons
SEATTLE (AP) — The Seattle Kraken fired coach Dave Hakstol on Monday after the third-year franchise2024-04-30Real Madrid coach Carlo Ancelotti apologizes for forgetting German on his Bayern Munich return
MUNICH (AP) — Real Madrid coach Carlo Ancelotti has apologized upon his return to Bayern Munich for2024-04-30Russell Brand announces plan to be baptised as it's 'an opportunity to leave the past behind'
Russell Brand has announced that he is 'taking the plunge' and is soon going to be baptised as it is2024-04-30Bucks and 76ers, who had high expectations this season, face early elimination Tuesday in Game 5s
NEW YORK (AP) — Perhaps neither Milwaukee nor Philadelphia would’ve been good enough to beat a Bosto2024-04-30- Sir Keir Starmer today lashed out 'absolute chaos' in Scottish politics as Humza Yousaf quit as Firs2024-04-30
UAB football team becomes first in NCAA Division I to sign with college athlete organization
UAB became the first Division I football team to join a fledgling organization that hopes to represe2024-04-30
atest comment