Source: U.S. Census Bureau
Release: Business Formation Statistics
The number of employer businesses that originate from Business Applications (BA) within eight quarters from the quarter of application, similar to https://fred.stlouisfed.org/series/BF4QNSAIL. By definition, the end-point of this series is determined by the most recent quarter for which the administrative data is available on payroll.
U.S. Census Bureau, Business Formations within 8 Quarters for Illinois [BF8QNSAIL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/BF8QNSAIL, May 30, 2020.