Assorted Links Saturday
COVID-19 killed and created countless businesses, the relative affordability of new homes holds steady near all-time lows, and more.
As an appointed public official, I hope that this kind of thing isn't my downfall someday.
How has the pandemic affected American entrepreneurship? They responded in a surprising way:
In the Great Recession, new business applications and startups plummeted. And early in the pandemic, we saw evidence that the same thing was happening in the first six to eight weeks. And then starting last June, there’s been a surge in new business applications, both for likely new employers and likely new non-employers. The surge was especially high last summer and then tapered off a bit in the fall. But in 2021, it surged again. So essentially, seven of the highest months ever in the data are between July 2020 and now.
The electrical grid (in 2013). No comment.
🏠 Work-from-home isn’t going to jumpstart America’s heartland:
A Brookings analysis finds the gross total out-migration to the classic Heartland states and the Mountain states was only 198,000, out of 4.7 million outbound moves from the coastal metro areas of New York, Los Angeles, Washington D.C., and Seattle.
The pandemic business boom: COVID-19 killed countless businesses. Surprisingly, it also launched a whole bunch of new ones.
The relative affordability of new homes holds steady near all-time lows: Believe it or not, that's good news because it means that home prices haven't gotten more unaffordable.
Econ Dev Show Newsletter
Join the newsletter to receive the latest updates in your inbox.