High-Propensity Business Applications for West Virginia
HBUSAPPWNSAWV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.00
Year-over-Year Change
-23.08%
Date Range
6/10/2006 - 8/2/2025
Summary
The High-Propensity Business Applications for West Virginia measures the number of new business applications in the state that have a high likelihood of turning into businesses with payroll. This metric is a key 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 High-Propensity Business Applications for West Virginia tracks the volume of new business applications in the state that demonstrate characteristics associated with a higher probability of becoming operational businesses that hire employees. This forward-looking indicator provides insights into the entrepreneurial climate and emerging economic opportunities.
Methodology
The data is collected by the U.S. Census Bureau based on business applications filed with the Internal Revenue Service.
Historical Context
Policymakers and economic development agencies use this metric to assess the business formation landscape and guide strategies to support entrepreneurship.
Key Facts
- West Virginia's high-propensity business applications peaked in 2020.
- The state's high-propensity application rate is below the national average.
- Entrepreneurial activity varies significantly across West Virginia's counties.
FAQs
Q: What does this economic trend measure?
A: The High-Propensity Business Applications for West Virginia tracks the number of new business applications in the state that have a high likelihood of turning into operational companies with payroll.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the entrepreneurial climate and emerging economic opportunities in West Virginia, which is valuable for policymakers, economic development agencies, and business stakeholders.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau based on business applications filed with the Internal Revenue Service.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this metric to assess the business formation landscape and guide strategies to support entrepreneurship and spur economic growth in West Virginia.
Q: Are there update delays or limitations?
A: The High-Propensity Business Applications for West Virginia data is published on a monthly basis, with a typical lag of a few weeks.
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Citation
U.S. Federal Reserve, High-Propensity Business Applications for West Virginia (HBUSAPPWNSAWV), retrieved from FRED.