Entrepreneurship on the Rise: Record-Breaking New Business Applications Across the U.S.
Explore the surge in U.S. entrepreneurship with a record 5.5 million new business applications in 2023. Discover trends and data on business formation across states.Entrepreneurship is flourishing in the United States, with new business applications surging in recent years. According to the U.S. Census Bureau, the number of business applications doubled in 2020 compared to previous years, and the momentum has only grown. In 2021 and 2022, over 5 million applications were filed each year.
The trend continued in 2023, with a record-breaking 5.5 million new business applications submitted. The data below highlights the patterns of new business formation across the nation, offering insights into the entrepreneurial landscape in your state.
The interactive map below provides key information for each state, including:
- Percent Change in Applications: Comparing new business applications between December 2022 and December 2023.
- Total Applications in 2023: The number of new business applications filed.
- State Rankings: Business applications per capita in each state.
- Projected Business Formations: The expected number of new businesses that will be formed within four quarters.
- Employer Business Projections: The percentage of applications likely to result in employer businesses.
- Top Congressional Districts: The districts with the highest number of new business applications.
This data underscores the growing entrepreneurial spirit across the country and provides a snapshot of the future business landscape.
