Conference paper Open Access

The Pandemic Economy: Exploring the change in new business license activity in Chicago, USA from March – September, 2020

Credit, Kevin; van Lieshout, Emma

This paper makes use of the novel point-level Chicago Business License dataset, which is updated on a weekly basis, to examine the impact of the COVID-19 pandemic on new business activity in the City of Chicago. The results indicate that on average, from March to September 2020, total monthly new business starts have declined by 33.4% compared to the monthly average of new starts in the City from January 2016 to December 2019. Food service and retail businesses have been hardest hit during this period. These patterns also demonstrate interesting intra-urban spatial heterogeneity.

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