Monthly report

New business formation by state: September 2025

Name: New business formation by state, September 2025
Creator: ListRiver
License: https://creativecommons.org/licenses/by/4.0/

143,968 new businesses were formed in September 2025 across the 15 states ListRiver tracks, about the same as August and up 41% from September 2024. Florida led with 52,586.

New businesses

143,968

15 states

Month over month

vs 144,009

Year over year

+41%

vs 102,050

Top state

Florida

37% of the total

New businesses per month, all 15 states

States ranked by new businesses, September 2025

#	State	New businesses	vs August	vs a year ago
1	Florida	52,586	-2%	+67%
2	New York	21,836	+3%	+14%
3	Texas	20,949	-5%	+20%
4	Colorado	12,498	+2%	+103%
5	Pennsylvania	11,093	+2%	+11%
6	Oregon	6,679	+25%	+65%
7	Virginia	5,673	-7%	+26%
8	Connecticut	3,978	+2%	+17%
9	Iowa	2,602	+1%	+71%
10	Mississippi	2,023	-1%	+31%
11	California	2,020	+1%	+59%
12	Alaska	734	+11%	+51%
13	District of Columbia	577	+6%	+10%
14	Vermont	535	+5%	+29%
15	Ohio	185	+19%	+62%

Cities with the most new businesses

#	City	New businesses
1	Miami, FL	6,457
2	Saint Petersburg, FL	3,472
3	Austin, TX	3,288
4	Denver, CO	3,278
5	New York, NY	3,198
6	Albany, NY	3,112
7	Brooklyn, NY	3,022
8	Orlando, FL	2,696
9	Houston, TX	2,500
10	Tampa, FL	2,176
11	Portland, OR	1,847
12	Philadelphia, PA	1,777
13	Colorado Springs, CO	1,711
14	Jacksonville, FL	1,671
15	Dallas, TX	1,431

Biggest year-over-year increases

#	City	New businesses	vs a year ago
1	Colorado Springs, CO	1,711	+242%
2	Durango, CO	162	+218%
3	Greeley, CO	133	+166%
4	Richmond, VA	739	+161%
5	Cedar Rapids, IA	141	+156%
6	Fort Pierce, FL	183	+147%
7	Aurora, CO	804	+139%
8	Lakewood, CO	281	+132%
9	Arvada, CO	240	+129%
10	Haines City, FL	112	+124%
11	Golden, CO	132	+116%
12	Pensacola, FL	385	+116%
13	Westminster, CO	142	+115%
14	Spring Hill, FL	175	+113%
15	Centennial, CO	245	+113%

Cities with at least 100 new businesses this month and 50 in the same month a year earlier.

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August 2025 October 2025

Methodology

Totals cover the 15 states ListRiver tracks (Alaska, California, Colorado, Connecticut, District of Columbia, Florida, Iowa, Mississippi, New York, Ohio, Oregon, Pennsylvania, Texas, Vermont, Virginia), not the whole country. Counts are businesses whose formation (registration) date falls in September 2025 and that appear on each state's register in ListRiver's data. Businesses already dissolved are not counted, so earlier months are slightly understated and year-over-year increases slightly overstated. States publish on different schedules, so the newest month can rise as late filings arrive. City refers to the business address on file. More in the methodology.

Cite this report: ListRiver, “New business formation by state: September 2025”, https://listriver.com/reports/new-businesses/all-states/2025-09. Journalists and researchers are welcome to use these figures with a link. Download the monthly counts by state and county (CSV).