Economic Development

New Business Filings Top 10,000 for Third Time

COLUMBUS – In January, 10,033 new entities filed the paperwork to do business in Ohio, an increase of 1,409 from last year, announced Secretary of State Jon Husted, marking just the third time the state has received 10,000 filings.

The mark was first reached in March 2015 and again a year later.

In the 15 months since his office launched programs to reduce the cost of starting and maintaining businesses, Ohio businesses have saved more than $3 million, Husted said in a release. Since Ohio Business Central was launched in 2013, more than half of Ohio’s new businesses have been created through that platform. The state has also partnered with Google’s “Let’s Put Our Cities on the Map” to bring more tools to businesses.

The January figure builds on 2016’s record number for new business filings. Last year, 105,009 new businesses registered, marking the seventh consecutive year of a new all-time high. Between 2010 and 2016, Ohio has seen a 30% increase in filings, Husted said.

Published by The Business Journal, Youngstown, Ohio.