Bussiness Openings Skyrocket Due to Pandemic
July 22, 2021
A 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