Antitrust Radar

Three public systems / one exact state bridge

State Formation Context Atlas

Compare business applications with statewide bank-deposit and individual-insurance measures across the states and D.C. Each series keeps its own period, denominator, and meaning.

Formation signal
2026-07
Census BFS / monthly
Branch deposits
2025
FDIC / June 30
Individual insurance
2024
KFF / ACA market
Exact overlap
51
state jurisdictions / 3 sources
Place-based analytical workspace

Formation signals beside two bounded state market screens

51 exact postal-code joins. Shared geography does not collapse the source contracts.

BFS
2026-07
monthly applications
FDIC
2025
state branch deposits
KFF
2024
individual insurance
Coverage
100%
latest U.S. BFS count
Fifty-one exact state joins

Application annual change across the U.S.

Percent change from the same state's Business Applications count one year earlier.

Application annual change by stateEvery state path links to an exact three-source context packet. Fill encodes application annual change.Alaska: +95.8%; rank 1 of 51Alabama: +27.7%; rank 16 of 51Arkansas: +61.8%; rank 2 of 51Arizona: +30.1%; rank 15 of 51California: +38.1%; rank 11 of 51Colorado: +44.7%; rank 6 of 51Connecticut: +23.3%; rank 22 of 51District of Columbia: +17.4%; rank 32 of 51Delaware: +9.9%; rank 41 of 51Florida: +22.3%; rank 25 of 51Georgia: +20.7%; rank 27 of 51Hawaii: -7.4%; rank 51 of 51Iowa: +16%; rank 34 of 51Idaho: +23%; rank 23 of 51Illinois: +16.1%; rank 33 of 51Indiana: +42.8%; rank 8 of 51Kansas: +52.1%; rank 4 of 51Kentucky: +25.2%; rank 19 of 51Louisiana: +22.6%; rank 24 of 51Massachusetts: +14%; rank 38 of 51Maryland: +5.7%; rank 46 of 51Maine: +33.5%; rank 14 of 51Michigan: +41.3%; rank 9 of 51Minnesota: +8.6%; rank 43 of 51Missouri: +43.8%; rank 7 of 51Mississippi: +57%; rank 3 of 51Montana: +12.6%; rank 39 of 51North Carolina: +7%; rank 45 of 51North Dakota: +14.5%; rank 36 of 51Nebraska: +11.2%; rank 40 of 51New Hampshire: +37.3%; rank 12 of 51New Jersey: +19%; rank 30 of 51New Mexico: +2.8%; rank 47 of 51Nevada: +18.9%; rank 31 of 51New York: +25.6%; rank 17 of 51Ohio: +14.2%; rank 37 of 51Oklahoma: +51%; rank 5 of 51Oregon: +22.1%; rank 26 of 51Pennsylvania: -2.6%; rank 48 of 51Rhode Island: +9.7%; rank 42 of 51South Carolina: +19.4%; rank 28 of 51South Dakota: +23.5%; rank 21 of 51Tennessee: +35.6%; rank 13 of 51Texas: +25.5%; rank 18 of 51Utah: +24.6%; rank 20 of 51Virginia: -3.2%; rank 49 of 51Vermont: +19.1%; rank 29 of 51Washington: -4.9%; rank 50 of 51Wisconsin: +38.5%; rank 10 of 51West Virginia: +7%; rank 44 of 51Wyoming: +14.9%; rank 35 of 51
-7.4%0%+95.8%Solid fills show one metric only. No layers are combined.
01AK+95.8%02AR+61.8%03MS+57%04KS+52.1%05OK+51%
No state competition score

This atlas joins three separately defined state-level systems by exact postal code: monthly Census Business Formation Statistics, a statewide FDIC branch-deposit concentration screen, and KFF's ACA-regulated individual-insurance market concentration. Shared geography does not make the product markets, denominators, populations, periods, or competitive meanings equivalent. Positions are descriptive context, not a composite score, causal estimate, statewide legal antitrust market, measure of startup success, or evidence that applications and concentration move together for a common reason.

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Source custody

Three releases, three measurement systems

This atlas joins three separately defined state-level systems by exact postal code: monthly Census Business Formation Statistics, a statewide FDIC branch-deposit concentration screen, and KFF's ACA-regulated individual-insurance market concentration. Shared geography does not make the product markets, denominators, populations, periods, or competitive meanings equivalent. Positions are descriptive context, not a composite score, causal estimate, statewide legal antitrust market, measure of startup success, or evidence that applications and concentration move together for a common reason.
01
U.S. Census Bureau

July 2026 Business Formation Statistics

Monthly formation / 2026-07 / reviewed 2026-08-14

02
Federal Deposit Insurance Corporation

2025 Summary of Deposits

Statewide branch deposits / 2025 / reviewed 2026-07-19

03
KFF

Individual Insurance Market Competition (HHI by state)

Individual insurance / 2024 / reviewed 2026-06-23

Continue the investigation

Move from state context to the native observatories

The joined field is an orientation layer. Exact histories, market boundaries, and source methods remain one step away.
State Formation Context Atlas | Antitrust Radar