In the News: Americans are Starting Businesses at Record Pace

Although the news might seem like it is all doom and gloom, the entrepreneurial spirit of Americans says otherwise. According to a study from LendingTree, business applications across the U.S. in 2020 has surpassed the number of last year’s total by mid-October.

LendingTree reports new business applications have already surpassed the 3.4 million mark of 2019, with almost three months still left in the year. What is more, in the first 13 weeks of 2020, an average of close to 74,000 businesses applied for Employer Identification Numbers (EINs) per week.

This story in this week’s roundup is one of

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