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. These series span the same period as https://fred.stlouisfed.org/series/BF4QNSAIL.
U.S. Census Bureau, Average Duration (in Quarters) from Business Application to Formation within 4 Quarters for Illinois [DUR4QNSAIL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/DUR4QNSAIL, June 1, 2020.