CEG ranks Warren County second in business formation activity | Local
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, 2022-07-23 17:00:00,
Warren County ranked second only to Albany County in annual business formation growth, according to the Center for Economic Growth.
An analysis of U.S. Census Bureau data recently published by CEG shows that 13,743 businesses in the eight-county Capital Region filed for an Employer Identification Number with the International Revenue Service in 2021.
That is a 45% year-to-year increase.
EDC Warren County believes that the county’s growth can, partially, be attributed to the increased desire to maintain a healthy balance between work and personal life. This has been coveted since the beginning of the COVID-19 pandemic.
John Wheatley, vice president of EDC Warren County, said in a news release that the balance is not possible if businesses and the people who work for them don’t have broadband access.
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