Source: U.S. Census Bureau
Release: Business Formation Statistics
The projected number of employer businesses that originate from Business Applications (BA) within four quarters from the quarter of application.
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U.S. Census Bureau, Projected Business Formations Within Four Quarters: Total for All NAICS in Michigan [BFPBF4QTOTALSAMI], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/BFPBF4QTOTALSAMI, October 1, 2022.