High-Propensity Business Applications: Total for All NAICS in Minnesota
BAHBATOTALSAMN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,995.00
Year-over-Year Change
12.20%
Date Range
7/1/2004 - 6/1/2025
Summary
The High-Propensity Business Applications: Total for All NAICS in Minnesota metric tracks the number of new business applications in the state, providing insights into entrepreneurial activity and economic growth.
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 measures the total number of high-propensity business applications filed in Minnesota, which are applications that have a higher likelihood of turning into businesses that hire employees. It serves as a leading indicator of entrepreneurial dynamism and business formation in the state.
Methodology
The data is collected and published by the U.S. Census Bureau.
Historical Context
Policymakers and economists monitor this metric to assess the business climate and entrepreneurial conditions in Minnesota.
Key Facts
- Minnesota's high-propensity business applications reached a record high in 2021.
- The metric declined during the COVID-19 pandemic but has since rebounded.
- High-propensity applications are a leading indicator of future economic growth and job creation.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of high-propensity business applications filed in Minnesota, which are applications that have a higher likelihood of turning into businesses that hire employees.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into entrepreneurial activity and business formation in Minnesota, serving as a leading signal of economic growth and job creation.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this metric to assess the business climate and entrepreneurial conditions in Minnesota, which can inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Census Bureau, but there may be a lag in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, High-Propensity Business Applications: Total for All NAICS in Minnesota (BAHBATOTALSAMN), retrieved from FRED.