Business Applications from Corporations for South Carolina
CBUSAPPWNSASCYY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.00
Year-over-Year Change
-73.91%
Date Range
1/6/2007 - 8/2/2025
Summary
The 'Business Applications from Corporations for South Carolina' economic trend tracks the volume of new business applications filed by corporations in South Carolina. This provides insight into 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
This indicator measures the number of new corporate business applications filed with the state of South Carolina. It serves as a real-time proxy for new business formation and entrepreneurial vigor within the state's economy.
Methodology
The data is collected and reported by the U.S. Census Bureau based on administrative records of business applications.
Historical Context
This trend is used by economists and policymakers to gauge the business climate and growth potential in South Carolina.
Key Facts
- Corporate business applications in South Carolina totaled over 20,000 in 2022.
- New business formation saw a sharp increase during the COVID-19 pandemic.
- The state ranks among the top 10 nationwide for new corporate business filings.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the volume of new business applications filed by corporations with the state of South Carolina. It serves as a real-time proxy for entrepreneurial activity and new business formation in the state.
Q: Why is this trend relevant for users or analysts?
A: The business applications data provides valuable insights into the entrepreneurial climate and economic dynamism within South Carolina. It is closely monitored by economists, policymakers, and business leaders to gauge growth potential.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on administrative records of business applications filed with the state of South Carolina.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this trend to assess the business climate, inform policy decisions, and implement programs to support entrepreneurship and new business formation in South Carolina.
Q: Are there update delays or limitations?
A: The business applications data is reported with a short lag, typically a few months after the end of each quarter. There may also be revisions to historical data as new information becomes available.
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Citation
U.S. Federal Reserve, Business Applications from Corporations for South Carolina (CBUSAPPWNSASCYY), retrieved from FRED.