High-Propensity Business Applications for Maryland
HBUSAPPWNSAMD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
540.00
Year-over-Year Change
-25.00%
Date Range
6/10/2006 - 8/2/2025
Summary
The High-Propensity Business Applications for Maryland metric tracks the number of new business applications in the state that have a high probability of turning into businesses with payroll. This provides insights 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
The High-Propensity Business Applications for Maryland series measures the number of new business applications submitted to the U.S. Census Bureau that have a high likelihood of becoming businesses with payroll. This is an important economic indicator that signals emerging entrepreneurial activity and growth potential in the state.
Methodology
The data is collected through the U.S. Census Bureau's Business Formation Statistics program.
Historical Context
Policymakers and economists monitor this trend to assess the business climate and economic outlook in Maryland.
Key Facts
- Maryland ranked 19th among U.S. states for high-propensity business applications in 2022.
- High-propensity applications make up about 50% of total business applications in Maryland.
- The series has shown steady growth since 2017, indicating increasing entrepreneurial activity.
FAQs
Q: What does this economic trend measure?
A: The High-Propensity Business Applications for Maryland metric tracks the number of new business applications in the state that have a high probability of turning into businesses with payroll.
Q: Why is this trend relevant for users or analysts?
A: This is an important indicator of entrepreneurial activity and economic dynamism in Maryland, providing insights into the state's business climate and growth potential.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Business Formation Statistics program.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the business climate and economic outlook in Maryland, which can inform policy decisions and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the U.S. Census Bureau, with typical update delays of a few months.
Related Trends
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Average Hourly Earnings of Production Employees: Manufacturing: Durable Goods in Maryland
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Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in Maryland
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Citation
U.S. Federal Reserve, High-Propensity Business Applications for Maryland (HBUSAPPWNSAMD), retrieved from FRED.