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Haltiwanger comments on NYT small business report

Surge in small business creation underscored in Black communities

Quoctrung Bui, writing in the New York Times Upshot blog, traces changes in the pace of weekly business start-ups, commenting that the pandemic may mark "the end of a slump in entrepreneurship that has lasted decades."

"Although there might be other factors at work, he writes, "researchers say the stimulus checks and increased unemployment benefits shored up confidence in the economy enough that millions felt comfortable in starting a business despite being uncertain abo ut when the pandemic would end."

Faculty Associate John Haltiwanger commented, “Start-ups have always fallen in recessions.This is the only one I know where start-ups grew.”

See the complete story at the New York Times


Small Businesses Have Surged in Black Communities. Was It the Stimulus?, New York TImes, John Haltiwanger, May 24, 2021