Americans hit by pandemic create start-ups at record clip

Washington (AFP) – Americans enduring a feeble economy and high unemployment because of the coronavirus pandemic are creating start-up companies at a record pace. The drive is favored by very low interest rates, banks that are eager to lend and people with money saved up — both because no one goes out anymore and because of government stimulus aid.”It is not as surprising as you might think,” said John Dearie of the Center for American Entrepreneurship. “People are starting new businesses because they lost their jobs. And because they have capital to start those businesses.”Around 1.6 million…

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