Source: U.S. Census Bureau
Release: Business Formation Statistics
A measure of delay between business application and formation, measured as the average duration (in quarters) between the quarter of business application and the quarter of business formation, conditional on business formation within four quarters.
See the U.S. Census's FAQs for more details.
U.S. Census Bureau, Average Duration (in Quarters) from Business Application to Formation Within Four Quarters: Total for All NAICS in West Census Region [BFDUR4QTOTALNSAWE], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/BFDUR4QTOTALNSAWE, June 23, 2021.