A Kauffman Foundation report on early-stage entrepreneurship in the United States during the COVID-19 pandemic showed that the creation of new businesses climbed as people’s opportunities — and other options — fell.

The rate of entrepreneurs, calculated by the number of non-business owners that start a business each month, rose across all demographic groups in 2020 to the highest rate on record (going back to 1996). Last year, an average of 380 out of every 100,000 U.S. adults launched their own ventures — a rate that was 26 percent higher than in 2019.