High-Propensity Business Applications: Total for All NAICS in Maryland
BAHBATOTALSAMD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,538.00
Year-over-Year Change
9.49%
Date Range
7/1/2004 - 7/1/2025
Summary
The High-Propensity Business Applications: Total for All NAICS in Maryland measures the total number of applications for new businesses with a high propensity to become employers in the state of Maryland. This metric is an important 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
This statistic tracks the volume of applications for new businesses in Maryland that are expected to hire employees, providing insight into the state's entrepreneurial climate and potential for future job creation. Economists and policymakers monitor this data to understand trends in business formation and economic growth.
Methodology
The data is collected by the U.S. Census Bureau through its Business Formation Statistics program.
Historical Context
Policymakers use this metric to evaluate the impact of economic development initiatives and inform decisions around small business support programs.
Key Facts
- Maryland saw 2,412 high-propensity business applications in June 2022.
- High-propensity applications increased by 6.5% in Maryland from June 2021 to June 2022.
- The U.S. had over 442,000 high-propensity business applications nationwide in June 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of applications for new businesses in Maryland that have a high propensity to become employers, providing insight into entrepreneurial activity in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of economic dynamism and the potential for future job creation, making it relevant for economists, policymakers, and analysts studying trends in business formation and entrepreneurship.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through its Business Formation Statistics program.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to evaluate the impact of economic development initiatives and inform decisions around small business support programs.
Q: Are there update delays or limitations?
A: The data is released monthly, but there may be a delay of several weeks between the reference period and the publication of the latest figures.
Related Trends
Average Weekly Earnings of All Employees: Education and Health Services in Maryland
SMU24000006500000011A
Personal Consumption Expenditures: Services: Housing and Utilities for Maryland
MDPCEHOUSUTL
Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Maryland
MDOTHTRANNGSP
Gross Domestic Product: Management of Companies and Enterprises (55) in Maryland
MDMNGCOENTPRNGSP
All Employees: Construction: Construction of Buildings in Maryland
SMU24000002023600001
Real Gross Domestic Product: State and Local in Maryland
MDGOVSLRGSP
Citation
U.S. Federal Reserve, High-Propensity Business Applications: Total for All NAICS in Maryland (BAHBATOTALSAMD), retrieved from FRED.