The US experienced a boom in entrepreneurship thanks to the onset of the pandemic and the Great Resignation. According to data from the US Census Bureau’s Business Formation Statistics, there was a record 5.4 million applications in 2021 alone. There was also a surge in digital revenue, with consumers spending over $870.78 billion online with US merchants. In 2022, 29.7% of all business activity is expected to be online, with a steady increase in 2023 and the years to come.

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