Alaska witnesses Entrepreneurial surge amidst pandemic

Alaska witnesses Entrepreneurial surge amidst pandemic

Nov 08, 2021

420 Views

0 comments

Multiple people were tossed between jobs during the pandemic, as household wealth and life priorities shifted, Americans are looking for alternative means of employment. 


This is the particular case in Alaska where the economic recovery is considered to be lagging compared to other states, the residents, however, beg to differ. As the pandemic set in Alaska witnessed a surge in entrepreneurial ventures, Alaskans started their own enterprises either because they lost their jobs or were not satisfied with the 9-5 schedule. Attorney Andrew Mitton who helps set up small businesses said that he has noticed an increased number of residents starting new businesses, which might be a byproduct of the state waiving the business license fee. In a move to stabilize the economy, at the start of the pandemic, the state of Alaska eliminated business licensing fees. As a result of this, state records show that more than 26,000 licenses were taken out during the following fiscal year. More than 21,000 employers were registered to pay the employee payroll tax. 


One Anchorage woman started a microgreens business in her garage asher job didn't give her enough flexibility. Another resident inspired by her friends started a clothing boutique. An Anchorage man started three different ventures out of which one stuck, it said to have doubled his income compared to his corporate job. Overall, multiple businesses seem to be doing well in Alaska even though they took roots during the pandemic. 


Alaskans believe that this sudden fear forced them to reflect upon their lives and make some changes. 


Source: Anchorage Daily News

Previous days news

Comments

    Article
    A complete breakdown of the US Commercial Drivers Licenses

    In the United States of America to operate any type of large automobile, you need a license. This i ...

    25+ Hiring Strategies To Help You Source Talented Candidates

    Companies have resorted to digital hiring processes to ensure health, safety, and convenience to jo ...

    Millennials Care About These 8 Things at Their Workplace - Are Your Offering Those?

    Millennials are considered to be social people, who live by the ‘work hard play hard’ mantra and ar ...

    These Companies Are On Holiday Hiring Spree-Are You Ready?

    The current unemployment rate in the US stands at 6.7%, which is almost double the rate in February ...

    Show more news