Starting a business in a pandemic: The experiences of businesses created during COVID-19

Articles and reports: 36-28-0001202100700004


Using the monthly estimates of business openings and closures, this article examines new businesses (entrants) created during the pandemic and the associated employment. It compares business formation that took place in 2020 compared to the 2015 to 2019 period, and contrasts employment created by entrants to that of established businesses (incumbents) and employment destruction occurring from closing businesses and shrinking incumbents.

Issue Number: 2021007
Author(s): Lafrance-Cooke, Amélie
FormatRelease dateMore information
HTMLJuly 28, 2021
PDFJuly 28, 2021