High-Propensity Business Applications: Total for All NAICS in Indiana
BAHBATOTALNSAIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,337.00
Year-over-Year Change
10.13%
Date Range
7/1/2004 - 6/1/2025
Summary
The High-Propensity Business Applications: Total for All NAICS in Indiana measures the number of new business applications in Indiana that have a high-propensity to become businesses with payroll. This provides insights into entrepreneurial activity and economic growth 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 indicator tracks new business applications in Indiana across all NAICS industry sectors that have a high probability of becoming employer businesses. It serves as an early signal of future business formation and job creation in the state.
Methodology
The data is collected by the U.S. Census Bureau from applications for new Employer Identification Numbers.
Historical Context
Policymakers and economists use this metric to monitor entrepreneurial trends and the business climate in Indiana.
Key Facts
- New business applications in Indiana reached a record high in 2021.
- High-propensity applications make up about 30% of total business applications in Indiana.
- The COVID-19 pandemic spurred a surge in new business formation across the U.S.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks new business applications in Indiana that have a high probability of becoming employer businesses, providing insights into entrepreneurial activity in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric serves as an early signal of future business formation and job creation, making it useful for policymakers and economists monitoring the economic climate in Indiana.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau from applications for new Employer Identification Numbers.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to monitor entrepreneurial trends and the business climate in Indiana, which can inform economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a lag of approximately two months.
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Citation
U.S. Federal Reserve, High-Propensity Business Applications: Total for All NAICS in Indiana (BAHBATOTALNSAIN), retrieved from FRED.