We evaluated the new business applications submitted annually by States and by sectors in US from 2018-2023 as per the data published by the US Censor Bureau.
Further, we took the average share of new business applications filed from 2018-2023 and observed the following trends.
The top 5 States as per new business applications are:
The bottom 5 States as per new business applications are:-
The States which have shown a higher share of new business applications than their existing share of businesses have been in the South in Georgia and Florida.
Source: United States Census Bureau. "Business Formation Statistics"
Legend:
Light Blue: Pre-COVID years
Dark Blue: Post-COVID years
D3 Visualization: Bar Chart with Time Scale
Visualization: Generated using the help of ChatGPT
Source: United States Census Bureau. "Business Formation Statistics"
Legend:
Light Blue: Pre-COVID years
Dark Blue: Post-COVID years
D3 Visualization: Bar Chart with Time Scale
Visualization: Generated using the help of ChatGPT
Sectors that have seen a higher share of business applications than their share of existing businesses in the US are:
Sectors that saw a lower share of new applications than their share of existing businesses, were:
The top 5 sectors seeing the maximum growth in business applications are the following:
*Coding and visualizations on this page were created with the assistance of ChatGPT