US Census Business Formation Statistics
The Business Formation Statistics (BFS) public dataset measure business initiation activity and the cycle from initiation to realized business formation. It gives an early look at business formation activity within the U.S. at a detailed state level and regional level.
The BFS is an experimental data product of the U.S. Census Bureau developed in research collaboration with economists affiliated with Board of Governors of the Federal Reserve System, Federal Reserve Bank of Atlanta, University of Maryland, and University of Notre Dame.
The dataset provide timely and high frequency data on:
- Business applications as indicated by applications for an EIN
- Actual and projected business formations originating from business applications based on the record of first payroll tax liability for an EIN
- Delay in business formation as indicated by the average duration between business application and business formation
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