The Local Origins of Business Formation

055). The authors thank Richard Beem, Shawn Klimek, and participants at the 2021 and 2022 Southern Economic Association conference and the University of North Carolina Kenan-Flagler Business School finance seminar for helpful comments. John Haltiwanger was also a Schedule A employee of the US Census Bureau at the time of the writing of this paper. The authors also thank the Templeton Foundation for financial support. The views expressed here are those of the authors and not necessarily those of the US Census Bureau, the Federal Reserve Bank of Atlanta, or the Federal Reserve System. Any remaining errors are the authors’ responsibility.