Bussiness Openings Skyrocket Due to Pandemic

July 22, 2021

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Business Sign That Says They're OpenA report from the US Census Bureau revealed the COVID-19 pandemic fueled the greatest wave of business openings in Miami-Dade County history. As shown by this Miami Today article, "Pandemic Fueled Record Business Openings Wave in Miami", last year the number of new business applications in the county increased by over 25% over the previous year's record, which was set at the time for Miami, a city known for its entrepreneurial spirit.

The increase was not limited to Miami-Dade County, numbers of applications increased across the state and nation, but Miami-Dade was the epicenter of an explosion of new businesses in Florida. Miami-Dade received 106,810 new company applications in 2020, up from 85,902 in 2019, according to a survey.

When evaluating new businesses, Dr. Jerry Haar, executive director for the Americas at Florida International University's College of Business and a business development expert, advises determining whether the founders recognize opportunities in the marketplace and take advantage of them, or if necessity pushes them to form businesses in order to make a living.

To read the complete article, visit: Pandemic Fueled Record Business Openings Wave in Miami.

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