The Signal Edition
Tracker · Markets and economy

New business applications

How many Americans applied to start a business each month, by state and industry, an early signal of entrepreneurship and hiring.

Updated Nov 2, 2026, 3:47 a.m. ET from Census Bureau data through September 2026
Applications in September 2026
534,947
+0.5% vs. Aug
vs. a year earlier
+4.4%
512,569 in September 2025
Likely to become employers
147,331
High-propensity applications
Business applications per month, thousands
Seasonally adjusted. Source: U.S. Census Bureau, Business Formation Statistics.

By state

StateSeptember 2026vs. a year earlier
Florida58,694+1.9%
California52,974+10.3%
Texas49,761-4.9%
New York26,915+3.3%
Georgia23,741+5.6%
North Carolina17,324-5.8%
Illinois16,241-3.1%
New Jersey15,632+14.8%
Ohio15,311+0.1%
Pennsylvania14,659+6.5%
Michigan14,547-0.2%
Missouri14,385+40.2%
Colorado13,287+9.1%
Arizona13,212-4.3%
Virginia13,171+4.0%
Washington10,362+4.9%
Tennessee9,705-10.7%
Maryland9,314+12.8%
Utah8,698+31.2%
South Carolina8,617-1.8%
Indiana8,613+13.7%
Minnesota8,003+12.8%
Massachusetts7,470+12.2%
Wyoming7,378+9.2%
Louisiana7,355+1.3%
Alabama7,154+2.8%
Kentucky6,803+9.9%
Wisconsin6,457-10.4%
Oklahoma5,718+21.5%
Mississippi5,626+6.2%
Oregon5,510+10.3%
Nevada5,185-15.2%
Delaware4,988-1.2%
Connecticut4,969+18.5%
New Mexico4,030+2.5%
Arkansas3,986+17.8%
Kansas3,893-3.4%
Idaho3,428+15.5%
Iowa3,349+0.5%
Montana2,991+1.9%
Nebraska1,992-11.5%
New Hampshire1,783+21.0%
West Virginia1,765+32.4%
Maine1,568+37.2%
Alaska1,565+95.4%
Hawaii1,450-17.7%
District of Columbia1,306-9.6%
South Dakota1,219+13.4%
Rhode Island1,161+15.1%
North Dakota881+12.1%
Vermont801+20.6%

By industry, nationwide

IndustrySeptember 2026vs. a year earlier
Retail trade110,048-13.6%
Professional, scientific and technical services78,937+20.3%
Construction48,078+9.1%
Other services42,149+5.2%
Administrative and support services38,030+16.0%
Transportation and warehousing34,792+13.1%
Health care and social assistance32,198+2.6%
Accommodation and food services26,600-2.3%
Finance and insurance20,548+9.7%
Information13,806+49.2%

How this tracker works

The Census Bureau counts applications for an Employer Identification Number filed with the IRS. An application is not a business yet: many never hire or open. “High-propensity” applications are those Census judges likely to become businesses with payroll, based on features such as planned wages and industry.

All figures are seasonally adjusted. Census revises recent months, and we reload the full file every day. Industry figures cover a selection of sectors. Census Business Formation Statistics