Business Applications from Corporations for Virginia
CBUSAPPWNSAVA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
190.00
Year-over-Year Change
-42.42%
Date Range
6/10/2006 - 8/2/2025
Summary
The 'Business Applications from Corporations for Virginia' trend tracks the number of new business applications filed by corporations in the state of Virginia. This metric provides insights into entrepreneurial activity and economic dynamism within 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 series measures the number of new business applications filed with the state of Virginia by corporations. It serves as an indicator of entrepreneurial intent and the creation of new economic entities, which are important drivers of innovation, employment, and broader economic growth.
Methodology
The data is collected and reported by the U.S. Census Bureau through its Business Formation Statistics program.
Historical Context
Policymakers and analysts use this trend to gauge the business climate and economic outlook in Virginia.
Key Facts
- Virginia ranked 12th among U.S. states for new business applications in 2021.
- The COVID-19 pandemic led to a spike in business applications nationwide, including in Virginia.
- Corporations account for around 25% of all new business applications filed in Virginia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new business applications filed by corporations with the state of Virginia. It provides insights into entrepreneurial activity and the creation of new economic entities within the state.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of the business climate and economic outlook in Virginia. It helps policymakers and analysts gauge entrepreneurial intent and the potential for future economic growth and job creation.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its Business Formation Statistics program.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the effectiveness of economic development initiatives, inform decisions on business incentives and regulations, and monitor the overall health of the Virginia economy.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical lag of around two months. There may also be revisions to previously reported figures as more complete information becomes available.
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Citation
U.S. Federal Reserve, Business Applications from Corporations for Virginia (CBUSAPPWNSAVA), retrieved from FRED.