You are currently viewing The Pandemic Small Business Boom Is Still Helping to Fuel the Economy

A record surge in new businesses has helped drive job growth, and could have longer-term benefits.

Hector Xu was on track for a career in academia when the pandemic upended his plans.

Tired of endless Zoom meetings and feeling cooped up in his Boston apartment, Mr. Xu decamped for New Hampshire, where he began taking lessons to fly helicopters. That led to a business idea, converting traditional helicopters into remotely piloted drones.

Mr. Xu’s company, Rotor Technologies, now has nearly 40 employees — including his former flying instructor — and about $1 million in revenue this year, a figure it expects to increase twentyfold next year. Gov. Chris Sununu was present for the first test flight of one of its drones.

“Covid hit, and it really changed my perspective,” Mr. Xu said. “You ended up spending most of your time in front of your computer rather than in the lab, rather than interacting with

Keep reading this article on The New York Times Small Business.

Leave a Reply