The Fine Print: Pandemic Prompts Jump in New Business  Filings

The Fine Print: Pandemic Prompts Jump in New Business Filings

Minnesota is seeing an uptick in new business filings, echoing a trend seen during the Great Recession. With nearly a million newly unemployed, losing a job means a chance to start a business. 

The state surveys new business filers for ownership info. While voluntary, the numbers for August underscore the diversity of those starting a new business.

• People of color: 113 percent increase
• Immigrants: 86 percent increase
• Woman-owned: 51 percent increase

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