High-Propensity Business Applications for South Carolina
HBUSAPPWNSASCYY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51.11
Year-over-Year Change
551.91%
Date Range
1/6/2007 - 6/28/2025
Summary
The High-Propensity Business Applications for South Carolina series tracks the number of new business applications in the state that have a high likelihood of turning into businesses with payroll. This metric is a leading indicator of economic growth and entrepreneurial activity.
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 series provides insight into the business formation dynamics in South Carolina. It measures applications for new businesses that have characteristics suggesting a high chance of transitioning to employers and becoming operational enterprises.
Methodology
The data is collected by the U.S. Census Bureau from business application filings.
Historical Context
This metric is used by policymakers and economists to assess the entrepreneurial climate and small business health in South Carolina.
Key Facts
- Measured by the U.S. Census Bureau.
- Leading indicator of economic growth.
- Tracks new business applications likely to become employers.
FAQs
Q: What does this economic trend measure?
A: The High-Propensity Business Applications for South Carolina series measures new business applications in the state that have a high likelihood of transitioning to employer businesses.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the entrepreneurial climate and small business formation in South Carolina, which are important indicators 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 business application filings.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the small business and entrepreneurial environment in South Carolina, which can inform economic development strategies.
Q: Are there update delays or limitations?
A: There may be delays in data reporting due to the time required for new businesses to become operational and file necessary paperwork.
Related Trends
Real Gross Domestic Product: Air Transportation (481) in South Carolina
SCAIRTRANRGSP
Value of Exports to Chile from South Carolina
SCCHLA052SCEN
Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in South Carolina
SCADMINWASTNQGSP
Monthly State Retail Sales: Food and Beverage Stores in South Carolina
MSRSSC445
Number of Civilians Unemployed for 15 Weeks or Longer for South Carolina
UNEMP15SC
Production or Nonsupervisory Employees: Manufacturing: Non-Durable Goods in South Carolina
SMU45000003200000006SA
Citation
U.S. Federal Reserve, High-Propensity Business Applications for South Carolina (HBUSAPPWNSASCYY), retrieved from FRED.