Business Applications for Florida
BUSAPPWNSAFL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,840.00
Year-over-Year Change
8.05%
Date Range
5/6/2006 - 6/28/2025
Summary
The Business Applications for Florida economic trend tracks the number of new business applications filed in the state of Florida. This metric is a leading indicator of entrepreneurial activity and economic dynamism.
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 for Florida series measures the total number of new business applications, including both corporations and non-corporations, filed with the Internal Revenue Service (IRS) from businesses located in the state of Florida. This provides insight into the rate of new business formations and startup activity.
Methodology
The data is collected and published by the U.S. Census Bureau based on filings with the IRS.
Historical Context
Economists and policymakers monitor this trend to gauge the health and trajectory of the Florida economy.
Key Facts
- Florida is one of the fastest-growing states for new business formation.
- Business applications in Florida peaked in 2020 during the COVID-19 pandemic.
- The trend provides an early signal of changes in entrepreneurial dynamism.
FAQs
Q: What does this economic trend measure?
A: The Business Applications for Florida series tracks the number of new business applications filed with the IRS by companies located in the state of Florida.
Q: Why is this trend relevant for users or analysts?
A: This metric serves as a leading indicator of entrepreneurial activity and economic growth in Florida, providing insights into the state's business formation dynamics.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Census Bureau based on filings with the Internal Revenue Service (IRS).
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to gauge the health and trajectory of the Florida economy, as new business formations are a key driver of economic dynamism and job creation.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture the most recent changes in business application activity.
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Citation
U.S. Federal Reserve, Business Applications for Florida (BUSAPPWNSAFL), retrieved from FRED.