Business Applications from Corporations for Illinois
CBUSAPPWNSAIL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
580.00
Year-over-Year Change
-34.83%
Date Range
6/10/2006 - 8/2/2025
Summary
The 'Business Applications from Corporations for Illinois' metric tracks the number of new business applications filed by corporations in the state of Illinois. This provides valuable insights into entrepreneurial activity and the business climate within the region.
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 series measures the volume of new business applications from corporations, which is an important leading indicator of future economic growth and investment. It offers insights into the startup and entrepreneurial landscape within Illinois.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Policymakers and analysts monitor this metric to assess the business environment and make informed decisions.
Key Facts
- Illinois is the 5th most populous state in the U.S.
- The state's GDP was over $900 billion in 2021.
- Small businesses account for over 99% of all firms in Illinois.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of new business applications filed by corporations in the state of Illinois, providing insights into entrepreneurial activity and the business climate.
Q: Why is this trend relevant for users or analysts?
A: This leading indicator offers valuable insights into the startup and entrepreneurial landscape within Illinois, which is crucial for understanding the state's economic growth and investment potential.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to assess the business environment in Illinois and make informed decisions to support economic growth and entrepreneurship.
Q: Are there update delays or limitations?
A: The data is published with a short lag, allowing for timely analysis of the latest trends in Illinois business formation.
Related Trends
Per Capita Personal Consumption Expenditures: Services: Other Services for Illinois
ILPCEPCOSRV
Real Gross Domestic Product: Trade (42, 44-45) in Illinois
ILTRADERGSP
All Employees: Transportation and Utilities: Transit and Ground Passenger Transportation in Illinois
SMU17000004348500001SA
Monthly State Retail Sales: Miscellaneous Store Retailers in Illinois
MSRSIL453
Real Gross Domestic Product: Government and Government Enterprises (92) in Illinois
ILGOVRQGSP
Transportation Carbon Dioxide Emissions, Natural Gas for Illinois
EMISSCO2TOTVTCNGILA
Citation
U.S. Census Bureau, Business Applications from Corporations for Illinois (CBUSAPPWNSAIL), retrieved from FRED.