Bucks County recorded a 700 percent increase in the number of business licenses issued in the week ending July 1 compared with the previous week, according to a staff report from Lower Bucks Today.

In fact, this was the highest growth percentage in the state for the week.

The county issued eight business licenses, as opposed to just one that was issued on the week ending June 24. Bucks County also recorded the second-highest number of new business licenses in Pennsylvania that week, only behind Philadelphia with 10.

Pennsylvania and Bucks County have been recording constant improvements since the surge of unemployment and business closures took place in 2020 due to the COVID-19 pandemic.

In 2020, the average annual unemployment rate in the Keystone State more than doubled to 9.1 percent. This was the highest annual unemployment rate in the state since 2003.

By early 2023, the unemployment rate had decreased to 4.3 percent.

Read more about the jump in number of issued business licenses in Lower Bucks Today.

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