1190: Startups dominate the pandemic. @genemarks @Guardian #SmallBusinessAmerica
Image: Trade and business. Sheet with 8 representations of craftsmen and professions, such as street seller and woodworker. Below each image a two-line verse. Gene Marks, @genemarks @Guardian #SmallBusinessAmerica @Guardian, Philadelphia Inquirer, and at TheHill; in re: Not only Philadelphia, but nationally: US Census Data released info about start-ups. Had 4.3 million apps for new businesses nationwide in 2020, compared to 3.5 million filed in 2019, a 23% increase. In Philly, large numbers; in PA, a 26% increase. Why and where? A lot are starting up at home—time on hands and a need for income. Also, a lot of work-from-home employees who can add a little income. eCommerce increased from 35 to 40%, people selling in Amazon and eBay. Training companies. Schoolteachers starting educational services. Even in the blue states, with higher taxes, people opened start-ups. Red states also ranked high in start-ups in per capita. Make sure your start-up is within walking distance of a Philadelphia cheese steak. We're on the cusp of what may be an economic boom: industrial production, imports increased, housing starts, retail sales —is the recovery already here and we don't yet see it, or is it imminent? People are buying online and haven’t even got started yet. Savings rate is at 13% on average, which is high. Build-up of household wealth, fueled by being stuck at home. As soon as we’re released to go out, we’ll fill restaurants, travel, et al. The govt will wonder how to rein it in. Today, even dog food is massively delivered, along with restaurant food. If you’re a restaurant owner who’s survived, you’ll have less competition and a hungry population. A lot of cities are letting outdoor eateries continue. Start-ups are surging across the U.S. It may be a good to time to launch a home-based business in Philly. https://www.inquirer.com/business/small-business/pandemic-home-based-businesses-startup-jobless-free-time-20210216.html Retail Sales Increase 5.3% https://www.census.gov/retail/marts/www/marts_current.pdf Imports Strong, Exports Weak https://www.calculatedriskblog.com/2021/02/la-area-port-traffic-strong-imports.html https://www.freightwaves.com/news/new-video-shows-massive-scope-of-california-box-ship-traffic-jam Industrial production increased 0.9 percent in January. https://www.federalreserve.gov/releases/g17/Current/default.htm https://www.advisorperspectives.com/dshort/updates/2021/02/17/the-big-four-industrial-production-up-0-9-in-january U.S. housing starts fall in January; permits soar https://finance.yahoo.com/news/u-housing-starts-fall-january-140133206.html New startups soared in 2020, but 'red' states aren't as attractive as expected https://amp.washingtontimes.com/news/2021/feb/18/new-startups-soared-in-2020-but-red-states-arent-a/