According to the report, business applications in the West tied for the highest growth, with 104,123 new applications, a 2.9% increase from the previous month.
Per the new report, in the Northeast, business applications increased 4.6 percent between January and February, from 61,137 to 64,190 applications.
Pennsylvania small business owners are expectant and confident that 2023 will be a great year.
Santonastasso Enterprises, owned by John and Kathleen Santonastasso, was fined over $57,000 for violating child labor laws at 13 McDonald’s controlled by the company.
Pennsylvania will be one of six states awarded federal grants for economic development projects in coal communities under the Bipartisan Infrastructure Law, receiving upwards of $26.6 million, according to an announcement from the US Department of the Interior.
New business applications have been lower in 2022 than they were in the past two years, but remain significantly higher than they were prior to the COVID-19 pandemic.
Businesses in Pennsylvania have increased as business applications in May of 2022 are up 9 percent.
This follows a broader trend within the state and region that’s been seeing business application numbers drop in comparison to last year, but remain significantly higher than pre-pandemic numbers.
In the past few years, women-owned businesses in Pennsylvania have been booming, while the rest of the country is catching up.
People in Pennsylvania are working hard to rebuild the economy by starting new businesses.