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We look at recent program statistics and research on California Competes.
February 2022 business formation data shows that new business creation is retuning to long-term average levels after growing at a faster pace in late 2020 and throughout 2021.
The pace of new business creation in the state remains slower than in 2020 but faster than in most previous years.
Californians continue to form new businesses at a rate well above the recent average.
New business creation slowed in July, but still remained above the typical level for the month.
Californians continue to found new businesses at an above average pace.
New business creation in California continues to run well ahead of typical levels.
New business formation has been especially high in the retail and transportation sectors over the past ten months.
Californians continued to found new businesses at a strong clip in April.
Californians continue to create new businesses at a strong clip.
The pace of California business formation in February slowed from January, but remained ahead of last February.
California new business creation in January was up more than 50 percent over the same month in 2020.
The pace of new business creation in California moderated in December, but remained ahead of 2019.
New business creation remained well above historical norms in November, despite slowing a bit relative to recent months.
Creation of new businesses in California remained very strong in October.