Entrepreneurship on the Rise in the United States
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Loading... - Tania Torrico
- 08 Mar 2023
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HOUSTON--(BUSINESS WIRE)--Incfile, a leader in online business formation and startup services, today announces it has helped more than one million entrepreneurs start, run, and grow their small businesses. The company is also releasing new data that shows entrepreneurship rising in the United States; new business formations in January of 2023 increased by 27% year-over-year.
January’s rise in entrepreneurship was strong in all regions of the country, with 40 states reporting year-over-year growth, and particularly strong in the Western United States. Colorado led all states with 136.7% growth. Rounding out the top-five were New Mexico (+99.6%), West Virginia (+90%), Hawaii (+79.3%), and California (+75.1%).
January’s outperformance is the continuation of a trend that began back in August of 2022; January is the sixth straight month of year-over-year new business formation growth, as tracked by Incfile. January is typically one of the busiest months for new business formations and a harbinger for annual growth. Read More..
