New Startup Firms in Virginia


Year1st Qtr.2nd Qtr.3rd Qtr.4th Qtr.Total
20183,9733,9824,2380
20173,8383,9612,7363,05813,593
20163,8044,2833,3983,42714,912
20153,9233,7503,3963,00014,069
20143,4093,3003,3174,53114,557
20133,2381,5382,7922,75110,319
20123,0812,5063,9772,99912,563
20113,0903,0232,4052,51811,036
20102,6392,4832,7672,58010,469
20092,4302,4242,4382,1399,431
The following criteria was used to define new startup firms:
  1. Setup and liability date both occurred during the quarter
  2. Establishment had no predecessor UI Account Number
  3. Private Ownership
  4. Average employment is less than 250
  5. For multi-unit establishments, the parent company must also meet the above criteria.
Source: Virginia Employment Commission,
Quarterly Census of Employment and Wages (QCEW)