More businesses being started in New Mexico, Census data shows

ALBUQUERQUE, N.M. (KRQE) – Following a dip in 2022, new business formations are once again on the rise, according to data from the U.S. Census Bureau. It also shows New Mexico is among the states seeing more new business applications.During June of 2023, month-to-month applications increased by 8.3% in New Mexico, according to the latest data developed from an analysis of Internal Revenue Service filings. That means there were nearly 3,000 filings for new businesses in the state.