The latest data reveals fascinating trends in how new businesses are being created across America.
With 457,544 new business applications filed in the most recent period, let’s explore what’s happening in the entrepreneurial landscape.
National Formation Trends
National Business Formation Trends
Track total, high-propensity, and wage-paying business applications
Industry Analysis
Industry Formation Patterns
Analyze business formation trends across different industries
Key Statistics
| Metric | Applications | Growth |
|---|---|---|
| Total Applications | 457,544 | +5.1% |
| High-Potential Businesses | 156,331 | +1.9% |
| Wage-Paying Businesses | 47,014 | -1.3% |
State Performance Analysis
| State | Applications | YoY Growth | Trend |
|---|---|---|---|
| Florida | 53,871 | +5.8% | 📈 Strong Growth |
| Texas | 41,465 | +6.8% | 🚀 Fastest Growing |
| California | 45,464 | +4.6% | 📈 Steady Growth |
| New York | 25,616 | +3.9% | ➡️ Stable |
Industry Analysis
Top Industries by Volume
| Industry | Monthly Applications | YoY Growth |
|---|---|---|
| Retail Trade | 42,201 | +8.4% |
| Professional Services | 36,537 | +7.2% |
| Construction | 28,778 | +6.1% |
| Other Services | 25,851 | +5.3% |
| Administrative and Support | 19,545 | +4.8% |
Fastest Growing Industries
| Industry | YoY Growth | Current Volume |
|---|---|---|
| Management of Companies | +19.0% | Moderate |
| Utilities | +17.7% | Low |
| Arts and Entertainment | +16.0% | Moderate |
| Health Care | +11.7% | High |
| Retail Trade | +8.4% | Very High |
Key Insights
Growth Patterns
Our data analysis reveals compelling regional patterns:
- Southern states lead growth with Texas (+6.8%) and Florida (+5.8%)
- Western states maintain steady growth, led by California (+4.6%)
- Northeastern markets show stability with New York at +3.9%
- Overall national growth remains strong at +5.1%
Industry Trends
The data shows particularly strong formation rates in:
- Retail Trade: Leading in both volume (42,201 monthly) and stable growth
- Professional Services: Strong second in volume with 36,537 applications
- Construction: Consistent performer with 28,778 monthly applications
- Healthcare: Emerging strong with 11.7% growth
- Management Services: Fastest growing at 19.0%
Looking Ahead
Opportunities
- Strong overall growth in business formation (+5.1%)
- Southern states showing exceptional performance (TX: +6.8%, FL: +5.8%)
- High-potential business applications remain positive (+1.9%)
- Emerging sectors showing robust growth (Management: +19.0%, Utilities: +17.7%)
Challenges
- Decline in wage-paying business applications (-1.3%)
- Regional growth disparities (3.9% to 6.8% range)
- Uneven industry performance
- Need for wage-paying business development
Data Analysis Methodology
This analysis leverages comprehensive data processing that:
- Tracks applications across all 50 states
- Monitors multiple business formation metrics
- Generates interactive visualizations
- Calculates growth rates and trends
Interactive Features
Explore the data yourself using our interactive dashboard above. You can:
- Compare state-by-state trends
- View historical data patterns
- Analyze growth rates over time
- Filter by business type
Data updated monthly. Last update: January 10, 2025
