New Business Applications Reach Record 16 Million Under Biden-Harris Administration
“In the last year alone, Americans across the country and in a wide range of industries filed a record five and a half million new business applications, bringing the total number under this Administration to a record-breaking 16 million.
- “In the last year alone, Americans across the country and in a wide range of industries filed a record five and a half million new business applications, bringing the total number under this Administration to a record-breaking 16 million.
- The monthly average of 440,000 new business applications during the first three years of the Biden-Harris Administration — is 46% higher than the average of the prior four years combined.
- Record business starts: 16 million new business applications have been recorded since the start of the Biden Administration - an 86% increase relative to the average pace of annual growth from when the survey began in 2004 until the start of the Biden Administration.
- It took just two years and 10 months for new business filings during the Biden Administration to surpass the level reached during the prior Administration.