Three out of four Ohio businesses are now started using Ohio Business Central
COLUMBUS – Ohio Secretary of State Jon Husted today announced 12,827 new entities filed to do business in Ohio during March 2017, an increase of 2,349 when compared to the same month in 2016. Today’s announcement makes March 2017 the best month for new business formation in Ohio’s history.
So far, 33,064 new entities have filed to do business in Ohio in 2017. Use of Ohio Business Central, the online business filing site founded by Secretary Husted in 2013, continues to climb. So far in 2017, three out of every four entities founded were started online. Since Ohio Business Central was launched, the Secretary of State’s Office has processed 229,365 online filings.
March 2017 marked 17 months since Secretary Husted reduced the cost of starting and maintaining a business in the Buckeye State by 21 percent. This change has saved Ohio businesses over $3.6 million to-date.
Earlier this year Secretary Husted announced that 2016 was the seventh consecutive year the state has seen a record number of new entities filing to do business in Ohio (read more). With strong filing growth in the first quarter of 2017, Ohio is well on its way to another record year.
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 ongoing discussion of how to improve the state’s overall climate for business.
Editor’s Quick Facts:
- 12,827 new entities filed to do business in Ohio during March 2017 making it the best month for new businesses in Ohio history.
- 2,349 more entities filed in March 2017 than during the same month in 2016.
- Since Ohio Business Central was launched, the Secretary of State’s Office has processed 229,365 online filings.
- Three out of every four businesses are now started online in Ohio.
- Since Secretary Husted reduced the cost of starting and maintaining a business in Ohio businesses have saved over $3.6 million
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.