"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:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What Dallas-Fort Worth land brokers see for 2023 - Dallas Business JournalAs interest rates and construction costs continue to rise, there is consensus Dallas-Fort Worth land market will remain strong as the population grows and capital flows.
Source: DallasBizNews - 🏆 525. / 51 Read more »
Flippers shifting strategies in topsy-turvy Dallas-Fort Worth housing market - Dallas Business JournalSome single-family home rehabbers are shifting from a fix-and-sell strategy to a fix-and-rent approach because higher mortgage rates are sidelining would-be buyers. And the housing inventory shortage is causing investors to turn to older homes to restore. Kurt Carlton, president and co-founder of New Western, which offers a nationwide marketplace for fix-and-flip residential properties.
Source: DallasBizNews - 🏆 525. / 51 Read more »
Dallas nonprofit serving Latino families wants to start a movement - Dallas Business JournalThe Concilio was founded in 1981 and aims to unlock health, wealth and education opportunities for Latinos families.
Source: DallasBizNews - 🏆 525. / 51 Read more »
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 »
New projects in North Texas for January 17, 2023 - Dallas Business JournalHere’s a look at the latest new projects registered in North Texas with the Texas Department of Licensing and Regulation, a list of new construction, renovations and alterations in Dallas, Fort Worth and beyond. All projects listed are public records.
Source: DallasBizNews - 🏆 525. / 51 Read more »
Vista Bank to acquire Charis Bank - Dallas Business JournalFollowing the acquisition, Vista Bank will have more than $1.7 billion in assets and about 200 employees.
Source: DallasBizNews - 🏆 525. / 51 Read more »