Business seems to be pushing in as a leader in new business formation. This is good news if we find that those who were laid off from business have decided they would love to state a business and grow. Starting new business in a Pandemic may not be ideal but the one's that will succeed will also push for increase hiring a few years down the road. Small business are often known to grow fast once they are able to get through their break out stages.
We could foster these business start ups to give the young generation the best chance at future success by developing economic clusters so they may innovate off of each other.
In Michigan we have a 61% increase in new business applications in 2020 when compared to 2, 3, & 4 % average in the state over the last decade.
If you look at the nation as a whole you will find an increase in 38% new business applications when compared to 5,6,7% ish range over the past decade.
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