- New business applications per 1,000 people: 15.59 (76,036 total)
- High-propensity business applications per 1,000 people: 4.76 (23,219 total)
- Business applications with planned wages per 1,000 people: 1.68 (8,197 total)
In Alabama, small businesses made up a vast 99.4% of all businesses and employ 47.5% of its workforce in 2020. When Alabama received $1.9 billion of the Coronavirus Aid, Relief, and Economic Security (CARES) Act funding, the state designated up to $300 million to businesses, nonprofits, faith-based organizations, and individuals suffering from financial losses due to the pandemic. The Revive Alabama grant program was established in July 2020 and awarded small businesses that did not qualify for federal assistance up to $15,000. In November, Alabama Gov. Kay Ivey introduced a follow-up grant program, Revive Plus, which would give qualifying small businesses up to $20,000 in assistance funds. In November, ahead of the holiday sales season, Alabama also lifted restrictions on limited occupancy in stores, gyms, and entertainment venues in order to generate more business. The success of small businesses and the uptick in new business applications during the pandemic may be attributable to state and federal assistance and lax coronavirus restrictions. These loose restrictions have taken their toll, however: as of August 2021, Alabama hospitals have run out of intensive care unit beds due to a severe spike in COVID-19 cases in the state.