Tampa Bay reported a 28% increase in new business applications

Despite hits from the pandemic, the Tampa Bay area saw a trending increase in new business applications, according to a new report from Self Financial.

The report analyzed the number of new business applications between 2019 and 2020 among U.S. metropolitan areas, and found there was a nearly 25% increase that held relatively steady through 2021.

In 2019, the Tampa metropolitan area received 48,973 new business applications. In 2020, that number increased to 62,698 applications – a 28% increase.

The Tampa Bay area was ranked No. 22 in the report’s listing of application percent increases across the country’s large metro areas.

– Kelly Hayes, Extensive Enterprises Media