Real Estate

Yelp says more than 500,000 new businesses opened in past year


Kevin Kahovec and Mary Kate McGovern chat at Rizzo’s Bar & Inn in Wrigleyville as coronavirus disease (COVID-19) restrictions are relaxed in Chicago, Illinois, March 6, 2021.

Eileen T. Meslar | Reuters

More than 500,000 new businesses opened across the United States in the past year, new data from Yelp showed, as the economy recovered from the depths of the Covid pandemic.

In its Economic Average Report, released Wednesday and compiled from the listings on its service, Yelp saw 516,754 new business openings from April 1, 2020, through March 31, remarkably down only 11% year over year. About 28%, 146,486, were in the first three months of 2021, down just 2% from a year earlier.

“Our data…


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