While 2020 unquestionably had a negative impact on small businesses, with 34% of small businesses open in January of 2020 having now closed, there is also an upside. Check out this chart from the U.S. Census Bureau showing a nearly 100% increase in the filing of business applications from July 2019 to July 2020, totaling over 550,000 applications in the month of July 2020 alone. We’ll be excited to watch as these new businesses grow! Read more about business applications on the Census.gov website: https://www.census.gov/econ/bfs/index.html