Roanoke Times Copyright (c) 1995, Landmark Communications, Inc. DATE: WEDNESDAY, June 7, 1995 TAG: 9506070035 SECTION: BUSINESS PAGE: B-5 EDITION: METRO SOURCE: DATELINE: NEW YORK LENGTH: Short
A record 741,657 businesses were incorporated in 1994, up from the previous record of 706,537 in 1993, Dun & Bradstreet said. There were 33 states reporting increases and 16 states reporting declines, with Hawaii and Washington, D.C., unchanged.
``Strong economic growth and the continued restructuring of large corporations has created new opportunities for specialized business services and has driven substantial gains in the number of new incorporations during the past three years,'' said Joseph W. Duncan, vice president and corporate economist for Dun & Bradstreet.
``These steady increases, in the 5 to 6 percent range, mirror a trend last seen in the mid-80s, a period of very strong entrepreneurial activity,'' Duncan said.
Delaware led the growth with a 14.4 percent increase in incorporations in 1994. The largest drop was in Connecticut, down 8.1 percent.
- Associated Press
by CNB