Business Applications from Corporations: Total for All NAICS in North Carolina
BACBATOTALSANC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,858.00
Year-over-Year Change
88.25%
Date Range
7/1/2004 - 6/1/2025
Summary
This economic trend tracks the total number of new business applications from corporations in North Carolina across all industries. It provides insights 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
The Business Applications from Corporations: Total for All NAICS in North Carolina series measures the volume of new business applications filed by corporations within the state. It is a leading indicator of future business formation and investment, reflecting the entrepreneurial climate and economic prospects.
Methodology
The data is collected and published by the U.S. Census Bureau based on administrative records of new business applications.
Historical Context
Policymakers and analysts use this metric to assess the business environment and potential for economic growth in North Carolina.
Key Facts
- North Carolina ranked 10th among U.S. states for new business applications in 2021.
- Corporate business applications in North Carolina grew by 24% year-over-year in 2020.
- The technology, professional services, and construction sectors accounted for the most new business applications in North Carolina.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of new business applications filed by corporations in North Carolina across all industries and sectors.
Q: Why is this trend relevant for users or analysts?
A: The volume of new business applications is a leading indicator of entrepreneurial activity, investment, and future economic growth in the state.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Census Bureau based on administrative records of new business applications.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the business environment and potential for economic dynamism in North Carolina.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a lag of approximately 2-3 months.
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Citation
U.S. Federal Reserve, Business Applications from Corporations: Total for All NAICS in North Carolina (BACBATOTALSANC), retrieved from FRED.