High-Propensity Business Applications for Utah
HBUSAPPWNSAUT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
290.00
Year-over-Year Change
-34.09%
Date Range
6/10/2006 - 8/2/2025
Summary
The High-Propensity Business Applications for Utah trend measures the number of new, high-potential business applications filed in the state. This metric is a leading indicator of future business formation and economic growth in Utah.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The High-Propensity Business Applications for Utah data series tracks applications for new businesses that indicate a high probability of hiring employees and becoming operational. This metric is used by economists and policymakers to gauge entrepreneurial activity and forecast near-term economic conditions in the state.
Methodology
The data is collected by the U.S. Census Bureau through business registration filings.
Historical Context
Trends in high-propensity business applications are closely watched by Utah state officials and regional economic analysts.
Key Facts
- Utah ranked 3rd nationally for high-propensity business applications in 2021.
- Applications increased by 24% in Utah between 2020 and 2021.
- Technology and professional services industries account for the most high-potential startups in Utah.
FAQs
Q: What does this economic trend measure?
A: The High-Propensity Business Applications for Utah metric tracks the number of new business filings in the state that indicate a high likelihood of hiring employees and becoming operational companies.
Q: Why is this trend relevant for users or analysts?
A: Trends in high-propensity business applications are an important leading indicator of entrepreneurial activity, job creation, and future economic growth in Utah.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through state business registration filings.
Q: How is this trend used in economic policy?
A: Utah state officials and regional economic analysts closely monitor this metric to gauge the health of the state's entrepreneurial ecosystem and make informed policy decisions.
Q: Are there update delays or limitations?
A: The High-Propensity Business Applications for Utah data is released monthly with a lag of approximately 2 months.
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Citation
U.S. Federal Reserve, High-Propensity Business Applications for Utah (HBUSAPPWNSAUT), retrieved from FRED.