Momentum Returns – But Where It’s Coming from Might Surprise You
After a shaky Q1 start, U.S. entrepreneurs came back strong in Q2. According to the U.S. Census Bureau, 1,354,366 new business applications were filed in Q2 2025 – up +6.6% from Q1 and +1.3% YoY from Q2 2024.
Q2 Monthly Breakdown (applications filed):
- April: 449,508 (−0.9% from March, but +1.6% YoY)
- May: 447,451 (−0.5% from April, +5.7% YoY)
- June: 457,407 (+2.2% from May, +6.7% YoY) – the largest MoM growth of the year so far
First Half 2025:
- Q1 finished out 3.85% lower than Q1 2024
- Q2 showed great improvement, beating the prior year by 6%
- Based on that performance, the first half managed just 1% growth over 2024 with just 25,437 more businesses registered
Sector Insights:
- Construction and resource sectors (agriculture, mining) saw modest but consistent growth
- Corporate filings surged in June (+7.6% MoM), signaling confidence in more structured startups
- Clean energy startups are on the rise, though global tariffs and supply chain disruptions remain a concern
- Healthcare continues to be a stronghold, with high-propensity and wage-planned filings tracking upward
Regional Spotlight:
- Will this upward trend continue into Q3?
- Are we seeing a return to normal or the beginning of a new entrepreneurial pattern?
- Which sectors will lead the next wave of growth?
At Crosslists Data, we help marketers and agencies identify new businesses the week they register so you can build relationships before they are even on your competitors’ radar.
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