Source: U.S. Census Bureau
Release: Business Formation Statistics
The Business Formation Statistics are now released on a monthly basis, and the quarterly series will no longer be updated. See BAWBATOTALSAMD for an alternative.
High-Propensity Business Applications (HBA) that indicate a first wages‐paid date on the IRS Form SS-4. The indication of a wages-paid date is associated with a high likelihood of transitioning into a business with payroll.
U.S. Census Bureau, Business Applications with Planned Wages for Maryland (DISCONTINUED) [PWBUSAPPSAMD], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/PWBUSAPPSAMD, August 5, 2021.