"In spite of recessionary fears and labor market uncertainties, many Americans still believe the time is right to start a business,” said Gusto Inc. Economist Luke Pardue. “This new crop of young businesses looks quite different from prior years because who is starting these firms, where they are created, and what they look like continues to evolve, expanding opportunity to more people and places.
While the Census Bureau’s data is based on applications for Employer Identification Numbers, that doesn’t mean every business formed ends up hiring employees. The Census Bureau anticipates that, from the 417,000 new business applications in December, about 30,292 will end up paying payroll taxes within the year, for example.
States in the West, including Wyoming , New Mexico , Colorado , Arizona and Utah . Those states joined Delaware and Florida at the top in year-over-year growth in business formations.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Longhorn Ballroom will reopen in Dallas this spring - Dallas Business JournalUpon completion, the Longhorn Ballroom will fit over 1,500 guests and feature new museum-style display cases built into the walls.
Source: DallasBizNews - 🏆 525. / 51 Read more »
Covid-19 fueled a surge of new businesses, but the trend is evolving - Dallas Business JournalMillions of Americans joined the ranks of small-business owners in 2022, but the pandemic-fueled surge of business formations is evolving.
Source: DallasBizNews - 🏆 525. / 51 Read more »
UT Southwestern’s School of Public Health appoints inaugural dean - Dallas Business JournalDr. Saad Omer currently serves as inaugural director of the Yale Institute for Global Health and associate dean for Global Health Research with the Yale of School of Medicine.
Source: DallasBizNews - 🏆 525. / 51 Read more »
Texas Instruments names current COO Haviv Ilan as new CEO - Dallas Business JournalIlan, a 24-year veteran of TI, will replace current president and CEO Rich Templeton, who will remain the company’s chairman.
Source: DallasBizNews - 🏆 525. / 51 Read more »
California cybersecurity firm McAfee announces new regional HQ in Frisco - Dallas Business JournalThe company said it will move into space at The Star in Frisco by mid-2023.
Source: DallasBizNews - 🏆 525. / 51 Read more »
California cybersecurity firm McAfee announces new regional HQ in Frisco - Dallas Business JournalThe company said it will move into space at The Star in Frisco by mid-2023.
Source: DallasBizNews - 🏆 525. / 51 Read more »