Deluxe Sees Double Digit Increase in Business Incorporation in 2020
Deluxe announced that demand for its small business incorporation services increased 10 percent in 2020 over 2019. The increase was driven by incorporations of construction, trucking, cleaning services, online sales, consulting, food trucks, landscaping and real estate companies. The acceleration of entrepreneurship coincides with an increase in COVID-19 related unemployment and desire by more people to control their financial future by starting businesses. “Small business owners are starting new ventures and careers in the middle of a pandemic,” said Barry McCarthy, President and CEO of Deluxe. “We think the increased use of Deluxe incorporation services is a leading indicator of small business futures and shows optimism in the small business market going into 2021. These entrepreneurs are risking it all, even at such an uncertain time. Deluxe has proudly supported the incredible pioneering spirit of small business owners for 105 years.”