Record-breaking surge of new small businesses

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In the midst of a global pandemic and economic recession, 9 million small businesses are at risk of closing this year. The outlook is even worse for minority-owned businesses-8 out of 10 stated their company was in poor financial condition, even after Paycheck Protection Program (PPP) loans. At the same time, U.S. census data shows a record-breaking surge of new small businesses.

In your opinion, what are the possible reasons for the record-breaking surge of new small businesses?

Reference no: EM133168877

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