Business Formation Statistics
About
Business Formation Statistics (BFS) are a standard data product of the U.S. Census Bureau developed at the Center for Economic Studies in research collaboration with economists affiliated with the Board of Governors of the Federal Reserve System, Federal Reserve Bank of Atlanta, University of Maryland, and University of Notre Dame. BFS provides timely and high-frequency information on new business applications and formations in the United States.
Business Formation Statistics (BFS) can help businesses, policymakers, regional planners, and researchers assess the current state of early entrepreneurship at the national and state levels. BFS uncovers the trends in business applications and formations at previously unavailable frequency, coverage, and timeliness levels.
BFS provides 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 the first payroll tax liability for an EIN
- Delay in business formation as indicated by the average duration between business application and business formation
For more detailed information on BFS, visit the Census Bureau’s Business Formation Statistics portal.
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- Resource Publication Date: 2023
- Posted by: Katie Mehle
- Posted in: Global