Americans are launching businesses at unprecedented rates, according to data from the U.S. Census Bureau and the Global Entrepreneurship Monitor. Shopify reports that American businesses using its platform generated $688 billion in economic activity last year while supporting 2.3 million jobs, a 100% increase since 2022. This trend is especially strong in Florida where nearly 167,000 jobs have been created by these new businesses. The data shows that entrepreneurs are increasingly using online platforms to reach customers both domestically and internationally. Modern tools and artificial intelligence are making it easier for small businesses to compete and scale quickly.
Key Points:
- American businesses on Shopify generated $688 billion in economic activity in the last year
