U.S. business openings notched an all-time high in 2022 despite the onslaught of macroeconomic challenges , according to a new report from Yelp. Over 637,000 new businesses opened their doors across the nation in 2022, up 12% from pre-pandemic 2019, according to the publisher of crowd-sourced reviews. Yelp has been tracking how COVID-19 has reshaped local economies and changed communities across the country. Its latest report shows that new business growth in 86% of states even exceeded pre-pandemic levels, especially in the South, which had the strongest growth last year. This underscores how local businesses were able to "persevere through labor shortages, high inflation, supply chain challenges " among other issues, according to Yelp’s latest data. Businesses that saw the most growth Person walks past a "now open" sign on a coffee shop window in Chelsea on Jan. 19, 2022 in New York City. The growth was driven largely by new home and local services businesses, which increased by 40% and 30%, respectively, compared to pre-pandemic times, according to the data. Hotel and travel businesses saw 28% growth while auto services grew 25% and beauty services grew 17% compared to 2019, the data showed. "Compared to pre-pandemic levels, the […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
