Maryland New Business Applications (Monthly)
Source: U.S. Census BFS (FRED) · Updated May 2026
13,439
5-Year Trend
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What this means
Business applications is the count of new EIN filings with the IRS in Maryland, seasonally adjusted. Each one is a person or group registering to start a business — though only about a third become high-propensity (likely to hire employees) within 8 quarters.
What you can do
- If you’re starting a business in Maryland, file LARA paperwork through Corporations Online Filing System (COFS).
- Watch for sustained months above 12,000 filings — that signals a strong entrepreneurial climate.
- Track sector concentration via the BFS NAICS detail — Maryland retail and professional services dominate filings.
More business climate indicators