Economic Development

New-Business Filings Set Yet Another Record

COLUMBUS, Ohio – In March, 10,478 entities filed to do business in Ohio, a record, Secretary of State Jon Husted announced today.

The old record was 10,102 in March 2015.

Business filings in Ohio continue their increase this year, Husted said, “and 2016 is on track to be another record-setting year,” with nearly 3,000 more entities having filed as of March 31 than the same date a year ago.

“We continue to see record numbers of entrepreneurs open businesses in Ohio because we are providing simple and fast service at a lower price,” the secretary of state said in a statement. The cost to file in Ohio is $99, “the least expensive state in the region to start and maintain a business,” he said.

Husted’s office added the usual disclaimer, that those who file to conduct business in Ohio, whether a for-profit or nonprofit entity, “does not guarantee the company will begin operations, be profitable or create jobs.”

Published by The Business Journal, Youngstown, Ohio.