May 21, 2024 1:08 pm
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Census Bureau Projected Business Formations Show Future Growth

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In November 2023, there were 464,838 new business applications in the U.S., a 1.6 percent decrease from October 2023 according to the U.S. Census Bureau’s recent report. Of these applications, the census bureau is projecting that 29,649 businesses will form within four quarters of their application date, a 3.2 percent increase from October 2023. 

While small business applications have declined by 0.6 percent since last month in the Midwest, the Census Bureau is projecting that 4,793 new businesses will form in the region within four quarters of their application date. 

The full Census Bureau report can be found here