Floridians sure are enterprising folks. About 632,105 new business applications were filed in 2021, according to an analysis by Smartest Dollar. That’s the most from any state in the country. Southwest Florida, in particular, saw a healthy number of new start-ups. Per capita, Naples ranked 11th in the nation for new business filings, while Fort Myers-Cape Coral ranked 30th. Meanwhile, Miami registered about 270,966 new businesses, second only to New York City.
This is part of an ongoing trend nationwide ushered in during the pandemic. The Great Resignation saw more people looking to venture out on their own, while government stimulus and low interest rates gave them the capital to do so. The U.S. has had more than 400,000 businesses created each month since July 2020; pre-pandemic, that number rarely reached above 300,000. Despite rising interest rates and fears of a recession looming, the trend shows no signs of abating—yet.