Source: Bureau of Labor Statistics
Published: October 2020

The rise of new entrepreneurial businesses

Data from the U.S. Bureau of Labor Statistics revealed a rise in the number of new and start-up businesses in 2020. A business is considered new if it’s less than 1 year old. In March 2020 there were 33,789 more new businesses than in March of 2019.

Year & Number of businesses less than 1 year old:

2020: 804,398

2019: 770,609

2018: 733,825

2017: 733,490

2016: 733,085

2015: 678,135

2014: 652,780

2013: 629,078

2012: 631,817

2011: 582,569

2010: 560,588

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