CivMetrics collects key economic data for the largest cities in the United States. In this post, we look at new business applications in all 50 states. For questions about our data, or to request data, please contact EBallantine@CivMetrics.com. Data is from the Census Bureau, released November 10, 2022.
New business formations are up 0.5 percent nationally from 2021 and increased 1.2 percent compared to the previous month, according to new data from the Census Bureau.
At the state level, though, the story is varied. Wyoming stands out as the one state that has seen a stark increase in new business applications:
Meanwhile, many states saw modest decreases in applications:
Below, find a sortable table of new business formations in all 50 states and the percent change from previous year and month: