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Secretary of State Husted Releases New Business Filing Figures for February 2015

Tuesday, March 17, 2015

Secretary of State Husted Releases New Business Filing Figures for February 2015

COLUMBUS– Ohio Secretary of State Jon Husted today announced that 7,918 new entities filed to do business in Ohio in February 2015. These numbers are up slightly compared to February 2014, in which 7,753 new entities filed. In 2015, the Secretary of State’s office has assisted with a total of 15,423 new business filings (January and February). This is slightly lower than the same period last year in which there were 15,533 new business filings.

The state has experienced record business growth over the past five years, beginning in 2010. Growth in online business filings has been steady and available online services continue to be expanded through the Secretary of State’s Ohio Business Central service.

In January, Secretary Husted urged lawmakers to pass legislation to cut fees associated with forming a new business in Ohio, which resulted in the introduction of both House Bill 3 and Senate Bill 26. This move was made possible by Secretary Husted’s responsible fiscal stewardship over the past four years where his office has reduced its operating expenses by more than $14 million, representing a 16% cut, from the previous administration.

Both pieces of legislation are moving quickly through the Ohio legislature. Upon passage, it would mark the first time this fee has been cut in modern history and would make Ohio the least expensive state in the region to start and maintain a new business.

Though the most visible role of the Secretary of State is that of chief elections officer, the office is also the first stop for individuals or companies who want to file and start a business in Ohio. While recognizing these numbers can’t provide a complete picture of Ohio’s jobs climate, they are an important indicator of economic activity that Secretary Husted hopes will add to the discussion of how to improve the state’s overall climate for business.

NOTE: New business filings are classified as forms filed with the Ohio Secretary of State that declare the formation of a business entity, including for-profit, non-profit and professional corporations, limited liability companies, partnerships, limited partnerships and limited liability partnerships. Filing as a business in Ohio does not guarantee the company will begin operations, be profitable or create jobs.

Additional Information
Husted Announces 2014 Was Another Record Year for New Business Filings in Ohio
Secretary Husted Urges Legislature to Cut the Cost of Doing Business in Ohio
Husted Testifies Before House Economic Development Committee
Husted Praises Senate’s Passage of Business Fee Cut


For more information, please contact Joshua Eck at (614) 466-2729


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