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FOR IMMEDIATE RELEASE: Thursday, September 11, 2025

Business Formation Statistics

CB25-141



Business Applications
Business Applications for August 2025, adjusted for seasonal variation, were 473,679, an increase of 0.5 percent compared to July 2025.

Business Formations
Projected Business Formations (within 4 quarters) for August 2025, adjusted for seasonal variation, were 28,725, an increase of 0.8 percent compared to July 2025. The projected business formations are forward looking, providing an estimate of the number of new business startups that will appear from the cohort of business applications in a given month. It does not provide an estimate of the total number of business startups that appeared within a specific month. In other words, the Census Bureau is projecting that 28,725 new business startups with payroll tax liabilities will form within 4 quarters of application from all the business applications filed during August 2025. The 0.8 percent increase indicates that for August 2025 there will be 0.8 percent more businesses projected to form within 4 quarters of application, compared to the analogous projections for July 2025.

Z = absolute value < 0.05.

The Census Bureau has reviewed the monthly data product to ensure appropriate access, use, and disclosure avoidance protection of the confidential source data (Project No. P-7515311, Disclosure Review Board (DRB) approval number: CBDRB-FY25-0219).

Additional Release Files

Monthly Puerto Rico Business Applications are no longer a separate experimental data product and are part of the Monthly standard data product.

CSV File icon   BFS Time Series   [2.631 MB]
Microsoft Excel icon   BFS Publication Table   [13 KB]
CSV File icon   BFS Month Date Table   [11 KB]

Contact

Data Inquiries
Economic Indicators Division
Business Formation Statistics
301-763-2000
[email protected]

Media Inquiries
Public Information Office
301-763-3030
[email protected]

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