In 2022, the country demonstrated strong signs of growth as every U.S. Here New business openings surpass pre-pandemic levels in nearly every US state – particularly in the South, which saw the greatest growth This year-over-year growth was driven by new businesses in home services (+40%), local services (+30%), hotels & travel (+28%), auto services (+25%) and beauty services (+17%).Īn All-Time High 637K+ New Businesses Opened in 2022 Business openings by quarter on Yelp, Q1 2019 – Q4 2022 Nationally, every quarter in 2022 saw an increase in year-over-year business openings compared to 2019, with the largest increase in Q3 2022 (+15%). In 2022, national new business openings were up 12% compared to 2019 – 637,590 new businesses opened across the U.S. Strong National New Business Growth Demonstrates Resilience of Local Economies states and metros in densely populated areas saw the highest number of new businesses in 2022. This rapid growth was largely driven by new home and local services businesses, while new restaurants, shopping and nightlife business openings fell behind pre-pandemic levels. ![]() In 2022, business openings reached an all-time high, with new business growth in 86% of states exceeding pre-pandemic (2019) levels – particularly in the South, which saw the greatest growth. For more on the methodology for this report, click here.Īmid another turbulent year, local businesses demonstrated their ability to persevere through labor shortages, high inflation, supply chain challenges, and more.
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