Business Applications from Corporations for Illinois
CBUSAPPWNSAILYY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/6/2007 - 8/2/2025
Summary
The 'Business Applications from Corporations for Illinois' trend measures the number of new business applications from corporations in the state of Illinois. This data provides insights into entrepreneurial activity and economic dynamism at the state level.
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 tracks the filing of new corporation business applications in Illinois. It serves as a real-time signal of business formation and can be used to assess the state's entrepreneurial climate and economic outlook.
Methodology
The data is collected and published by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this metric to monitor business creation and gauge the health of the local economy.
Key Facts
- Illinois ranked 5th nationally for new business applications in 2022.
- Corporate business applications in Illinois peaked in Q4 2020.
- The trend saw a dip during the COVID-19 pandemic but has since rebounded.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of new business applications filed by corporations in the state of Illinois. It provides insights into entrepreneurial activity and business formation in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is a real-time signal of business creation and can be used to assess the entrepreneurial climate and economic outlook in Illinois.
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 analysts use this indicator to monitor business formation and gauge the health of the local economy in Illinois.
Q: Are there update delays or limitations?
A: The data is published on a timely basis, with the latest figures usually available within a few months.
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Citation
U.S. Federal Reserve, Business Applications from Corporations for Illinois (CBUSAPPWNSAILYY), retrieved from FRED.