Business Applications for Wisconsin
BUSAPPWNSAWI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,500.00
Year-over-Year Change
3.45%
Date Range
5/6/2006 - 6/28/2025
Summary
The Business Applications for Wisconsin trend tracks the number of new business applications filed in the state, providing insight into 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 series measures the number of new business applications submitted to the Internal Revenue Service for employers located in the state of Wisconsin. It serves as an early indicator of future business formations and startup activity.
Methodology
The data is collected by the U.S. Census Bureau from administrative business registration records.
Historical Context
Policymakers and analysts monitor this metric to gauge the health and resilience of the state's economy.
Key Facts
- Wisconsin ranked 17th among U.S. states for business applications in 2022.
- New business applications in Wisconsin peaked in Q4 2020 during the COVID-19 pandemic.
- The state's business application rate has remained above pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: The Business Applications for Wisconsin series tracks the number of new business applications filed with the IRS for employers located in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into entrepreneurial activity and the formation of new businesses, which are key drivers of economic growth and dynamism.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau from administrative business registration records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this indicator to gauge the health and resilience of Wisconsin's economy and to inform decision-making.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a lag of approximately two months.
Related Trends
Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Wisconsin
SMU55000004000000003
Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Wisconsin
SMU55000004000000002A
Value of Exports to Poland from Wisconsin
WIPOLA052SCEN
Chain-Type Quantity Index for Real GDP: Federal Civilian in Wisconsin
WIGOVFEDCIVQGSP
State Government Tax Collections, Death and Gift Taxes in Wisconsin
WIDTHGFTAX
All Employees: Architectural, Engineering, and Related Services in Wisconsin
SMU55000006054130001A
Citation
U.S. Federal Reserve, Business Applications for Wisconsin (BUSAPPWNSAWI), retrieved from FRED.