Report: While hundreds of businesses closed their doors due to COVID, new businesses were being formed | WUSA9

The D.C. Policy Center, a think-tank nonprofit, said hundreds of people like Bryan decided to open small, home-based businesses during the pandemic. In its 2020 report, it found that as hundreds of businesses were being wiped away by the pandemic, just as many new businesses were being formed. “Yes, we lost more companies than we usually would. But we’re seeing still new companies come up to fill the empty spaces,” said Yesim Taylor, Executive Director of the D.C. Policy Center. “Data tell us many of these establishments are online retail establishments, which we all turned to during the pandemic, but also other services. For example, accounting services, HR services and back-office support for larger businesses.