Business Applications for Arizona
BUSAPPWNSAAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,950.00
Year-over-Year Change
9.26%
Date Range
5/6/2006 - 6/28/2025
Summary
The 'Business Applications for Arizona' economic trend tracks the number of new business applications filed in the state of Arizona. This metric is a leading indicator of future economic activity and entrepreneurial 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 series measures the total number of new business applications received by the U.S. Census Bureau from individuals in Arizona seeking to start a new company. It provides insight into the level of entrepreneurial and small business creation in the state.
Methodology
The data is collected through administrative records on business applications filed with state and local governments.
Historical Context
Policymakers and economists monitor this trend to assess the health and dynamism of Arizona's economy.
Key Facts
- Arizona ranked 10th among U.S. states for new business applications in 2021.
- Business applications peaked in Arizona during the COVID-19 pandemic in 2020.
- The data is released weekly by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: The 'Business Applications for Arizona' metric tracks the number of new business applications filed in the state of Arizona as an indicator of entrepreneurial activity and small business creation.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into the economic dynamism and growth potential in Arizona, which is useful for policymakers, investors, and businesses monitoring regional economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through administrative records on business applications filed with state and local governments in Arizona.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the health and growth of Arizona's entrepreneurial ecosystem, which can inform decisions around economic development, taxation, and small business support programs.
Q: Are there update delays or limitations?
A: The data is released weekly by the U.S. Census Bureau, so there are minimal delays in availability. However, the data only reflects new business applications and does not provide information on actual business formations or survival rates.
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Citation
U.S. Federal Reserve, Business Applications for Arizona (BUSAPPWNSAAZ), retrieved from FRED.