Predominantly Black communities, especially in higher-income neighborhoods of cities including New York City, Houston and Atlanta, have seen the strongest growth in new startups during the pandemic, according to a new study.
The research, using data from eight states from the Startup Cartography Project, also found that economic relief packages passed last year were followed by a surge in business formations in the following weeks — even though the aid wasn’t specifically aimed at encouraging startups. The correlation is “striking,” the paper’s authors said.
Recent Comments