Business Applications: Total for All NAICS in Colorado
BABATOTALSACO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,677.00
Year-over-Year Change
29.69%
Date Range
7/1/2004 - 6/1/2025
Summary
The 'Business Applications: Total for All NAICS in Colorado' trend measures the total number of new business applications in Colorado across all industry sectors. This data provides insight into entrepreneurial activity and economic dynamism in the state.
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
This economic indicator tracks the number of applications for new businesses registered with the Internal Revenue Service in Colorado. It serves as a leading indicator of future business formation and economic growth in the state.
Methodology
The data is collected and reported by the U.S. Census Bureau based on administrative business registration records.
Historical Context
Policymakers and market analysts monitor this trend to assess the underlying strength of Colorado's economy and entrepreneurial climate.
Key Facts
- Colorado ranks among the top 10 states for new business applications.
- Business applications in Colorado hit a record high in 2021.
- The state's business formation rate has outpaced the national average in recent years.
FAQs
Q: What does this economic trend measure?
A: The 'Business Applications: Total for All NAICS in Colorado' metric tracks the total number of new business applications filed with the IRS across all industry sectors in the state.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insight into the entrepreneurial climate and economic dynamism in Colorado, serving as a leading indicator of future business formation and economic growth in the state.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on administrative records of new business registrations.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts monitor this trend to assess the underlying strength of Colorado's economy and make informed decisions about economic development initiatives and support for entrepreneurship.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, but it provides a timely and comprehensive view of new business applications in Colorado.
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Citation
U.S. Federal Reserve, Business Applications: Total for All NAICS in Colorado (BABATOTALSACO), retrieved from FRED.