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U.S. Business Starts Enjoyed Their Best Year Ever Amid Covid-19 By Michael Sasso and Steve Matthews | January 22, 2021 The surge of U.S. business formations in the back half of 2020 has been one of the pandemic’s many surprises. After cratering by 30% in the weeks following the March lockdowns, paperwork filed by prospective businesses started growing in June and finished the year ahead of 2019’s tally by almost a quarter, according to a U.S. Census Bureau analysis of federal tax documents. It was the highest annual total on record, according to John Haltiwanger, an economist at the University of Maryland. ....