FOR IMMEDIATE RELEASE
Friday, May 15, 2015
Secretary of State Husted Releases New Business Filing Figures for April 2015
COLUMBUS – Ohio Secretary of State Jon Husted today announced 8,893 new entities filed to do business in Ohio during April 2015. This number is slightly down from March 2015 when a record-breaking 10,102 new entities filed and down from 8,970 new entities that filed in April 2014.
So far in 2015, Ohioans have created 34,418 new businesses, which keeps the state on track for a record-breaking year. At the same point in 2014, 33,774 new business entities were formed.
The state has experienced record business growth over the past five years, beginning in 2010. Under the leadership of Secretary Husted, the state has made it possible for more than 80% of all filings to be done online with one in two companies now being established electronically through the Secretary of State’s Ohio Business Central service.
The state legislature is poised to give final approval soon to legislation that will cut fees associated with forming a new business in Ohio. Secretary Husted urged the General Assembly to undertake this initiative in January after responsible fiscal stewardship over the Secretary of State’s office has reduced operating expenses by more than $14 million over the past four years, representing a 16% cut from the previous administration.
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.
For more information, please contact Joshua Eck at (614) 466-2729