U.S. Business Growth by Industry Since 2019 💼

Key Takeaways

• The information industry witnessed a 58% growth in the number of business establishments between December 2019 and September 2024, the fastest increase nationally.
• By contrast, natural resources and mining saw the slowest growth, rising at just 4% over the period.
• Overall, four industries exceeded the 19% national average growth rate in new businesses, largely found in service-oriented sectors.

New Business Creation Trends in America

In Q4 2024, new business applications hit a decade-high, edging past 60,000 applications.

Similarly, Q1 2025 saw strong growth.

In particular, the information industry has seen threefold the national average growth rate in new business establishments since 2019.

Along with this, it stands as one of the top two leading sectors driving real GDP growth in 2025.