The 'Great Resignation' and the gig economy are helping fuel a rise in new businesses in D.C., Maryland and Virginia, data and experts say.
including food services, construction, entertainment and wholesale disappeared during the first part of 2020 in the D.C. metro area, the number of new brick-and-mortar businesses continually increased in the next few quarters and surpassed the number that closed, Bureau of Labor Statistics data shows. That growth — much of which came in educational services, health care, construction and finance — does not include the online shops that economist say have grown as well.
The latter was the case for Teresa Padilla and Geraldine Mendoza, who were displaced from jobs as a pastry chef and a restaurant manager, respectively, after the pandemic hit in March 2020. Their jobs were among the more than 140,000 positions in the food and accommodation industry that disappeared in the months after the pandemic began across the D.C. metro area, according to BLS data.
“It happened unexpectedly and organically,” she said. “Thankfully, we had a lot of friends that told the city about our food through word of mouth for us. And that’s what gave us the confidence to push and to say, ‘OK, this is going to work.’ ” “As time has gone on, we recognized that the pandemic is leading to a restructuring of the economy,” said John Haltiwanger, an economics professor at the University of Maryland at College Park. “I think we were surprised by the [application growth] because early on in the pandemic, our economy was contracting just an enormous rate — but then it started to turn around.”In the pandemic’s first year, D.C.
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