New businesses are forming at a healthy clip.

Business Applications · year-over-year

Applications: 11.40% — Business applications are growing 11.4% a year. That’s the 84th percentile of all its readings since 2005.

How we score this: alert below -15.00% · elevated -15.00% to -5.00% · watch -5.00% to 0.00% · ok 0.00% and up full method

High-Propensity Applications · year-over-year

High-propensity: 1.90% — High-propensity applications are growing 1.9% a year. That’s the 56th percentile of all its readings since 2005.

How we score this: alert below -15.00% · elevated -15.00% to -5.00% · watch -5.00% to 0.00% · ok 0.00% and up full method

High-Propensity Share of Applications

HP share: 27.30% — The high-propensity share of applications is 27.3%, down 2.6 points from a year ago. That’s the 1st percentile of all its readings since 2004.

Why it isn’t scored: A descriptive level shown for context — neither a high nor a low reading is simply good or bad.