Federal Reserve Economic Data: Your trusted data source since 1991

High-Propensity Business Applications for North Carolina (DISCONTINUED) (HPBUSAPPNSANC)


Q4 2020: 9,818 (+ more)   Updated: Jan 14, 2021
Q4 2020:  9,818  
Q3 2020:  13,938  
Q2 2020:  9,057  
Q1 2020:  9,619  
Q4 2019:  7,835  
View All


Not Seasonally Adjusted




Source: U.S. Census Bureau  

Release: Business Formation Statistics  

Units:  Number, Not Seasonally Adjusted

Frequency:  Quarterly


The Business Formation Statistics are now released on a monthly basis, and the quarterly series will no longer be updated. See BAHBATOTALNSANC for an alternative.

Business Applications (BA) that have a high propensity of turning into businesses with payroll. The identification of high-propensity applications is based on the characteristics of applications revealed on the IRS Form SS-4 that are associated with a high rate of business formation. High-propensity applications include applications: (a) for a corporate entity, (b) that indicate they are hiring employees, purchasing a business or changing organizational type, (c) that provide a first wages-paid date (planned wages); or (d) that have a NAICS industry code in manufacturing (31-33), retail stores (44), health care (62), or restaurants/food service (72).

Suggested Citation:

U.S. Census Bureau, High-Propensity Business Applications for North Carolina (DISCONTINUED) [HPBUSAPPNSANC], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/HPBUSAPPNSANC, November 30, 2023.


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