Source: U.S. Census Bureau
Release: Weekly Business Formation Statistics
High-Propensity Business Applications (HBA): A subset of Business Applications (BA) that contains all applications with a high-propensity of turning into a business with a payroll, based on various factors.
See "About the Data" for more details.
U.S. Census Bureau, High-Propensity Business Applications for South Census Region [HBUSAPPWNSASYY], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/HBUSAPPWNSASYY, August 2, 2021.