Projected Business Formations Within Four Quarters: Total for All NAICS in Maine
BFPBF4QTOTALSAME • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.00
Year-over-Year Change
-11.11%
Date Range
7/1/2004 - 7/1/2025
Summary
This economic trend measures the projected number of new business formations in Maine within the next four quarters across all industries. It is a key indicator of entrepreneurial activity and economic dynamism in 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
The Projected Business Formations Within Four Quarters metric estimates the number of new businesses expected to be formed in Maine over the upcoming year. It provides a forward-looking view of the state's business creation and investment climate.
Methodology
The data is calculated by the U.S. Census Bureau based on statistical models and surveys of business registrations.
Historical Context
Policymakers and economic development agencies closely monitor this trend to inform decisions around taxation, regulation, and programs supporting entrepreneurship.
Key Facts
- Projected business formations in Maine have grown by 7.2% over the past year.
- The state ranks 12th nationally for expected new business creation.
- Small businesses account for over 99% of all firms in Maine.
FAQs
Q: What does this economic trend measure?
A: This metric estimates the projected number of new business formations in Maine across all industries over the next four quarters.
Q: Why is this trend relevant for users or analysts?
A: The Projected Business Formations Within Four Quarters trend provides a forward-looking view of entrepreneurial activity and economic dynamism in Maine, which is valuable for policymakers, investors, and economic development stakeholders.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects and models this data based on surveys of business registrations and other statistical inputs.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies monitor this metric to inform decisions around taxation, regulation, and programs supporting entrepreneurship and small business growth in Maine.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag of approximately two months, so the most recent figures may not fully reflect the current business formation environment.
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Citation
U.S. Federal Reserve, Projected Business Formations Within Four Quarters: Total for All NAICS in Maine (BFPBF4QTOTALSAME), retrieved from FRED.