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Central Bucks Today

Tuesday, December 24, 2024

Bucks County sees 59.5% decrease in number of business licenses issued in Q3

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There were 15 business licenses issued in Bucks County in Pennsylvania during the third quarter of 2023, according to the Pennsylvania Department of State.

This is a 59.5% decrease from the previous quarter when there were 37 licenses issued.

Pennsylvania suffered a surge of unemployment and business closures due to the COVID-19 pandemic.

The average annual unemployment rate in the state more than doubled in 2020 to 9.1 percent. This was the highest annual unemployment rate in Pennsylvania since 2003. Since then, the unemployment rate has been decreasing, reaching 4.3 percent in early 2023.

Comparison of business licenses issued by County and Quarter

CountyIssued in Q3 2023Issued in Q2 2023Percentage change (%)
Allegheny County2240-45%
Armstrong County42100%
Beaver County220%
Berks County45-20%
Blair County51400%
Bucks County1537-59.5%
Butler County12-50%
Cambria County23-33.3%
Cameron County14-75%
Centre County26-66.7%
Chester County1023-56.5%
Clearfield County20-
Crawford County21100%
Cumberland County78-12.5%
Dauphin County511-54.5%
Delaware County1114-21.4%
Elk County10-
Erie County56-16.7%
Fayette County31200%
Franklin County21100%
Indiana County10-
Jefferson County21100%
Lackawanna County712-41.7%
Lancaster County112-91.7%
Lawrence County550%
Lebanon County110%
Lehigh County8714.3%
Luzerne County27-71.4%
McKean County10-
Mifflin County31200%
Monroe County34-25%
Montgomery County2035-42.9%
Montour County10-
Northampton County34-25%
Philadelphia County48128-62.5%
Schuylkill County14-75%
Tioga County10-
Union County21100%
Washington County23-33.3%
Wayne County10-
Westmoreland County511-54.5%
York County715-53.3%

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