Source: U.S. Census Bureau
Release: Business Formation Statistics
This series provides the number of employer businesses that originate from Business Applications (BA) within eight quarters from the quarter of application. By definition, the end-point of this series is determined by the most recent quarter for which the administrative data on payroll is available.
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U.S. Census Bureau, Business Formations Within Eight Quarters: Total for All NAICS in Arizona [BFBF8QTOTALNSAAZ], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/BFBF8QTOTALNSAAZ, October 23, 2021.