Waves of unemployment and an unstable economy during the pandemic have led to a rise in small business owners in Illinois, with women and Black owners leading the charge, a new analysis finds.
The nonpartisan Illinois Policy Institute found Illinois has more than 1.6 million small business owners to honor as Small Business Saturday approaches on Nov. 27. That is a growth of 138,000 new entrepreneurs since 2019. Women and Black business owners are growing at the fastest rates, with 13% more women launching small businesses and Black business owners more than doubling since prior to the pandemic.
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