Government

Ohio Posts 7th Record Year for Business Filings

COLUMBUS, Ohio – Business formation in Ohio saw a seventh consecutive record-breaking year in 2016, Ohio Secretary of State Jon Husted reported.

Last year, 105,009 new filings were made with the secretary of state’s office, up from the 97,746 new businesses that filed in 2015, setting the previous record.

“We are offering better services to entrepreneurs at a lower cost and as a result, more are choosing Ohio for their new business than ever before,” Husted said in a news release announcing the 2016 results.

Making it simpler and less costly to do business in Ohio has been a top priority for Husted since taking office in 2011, according to the release.

Initiatives toward that goal include the launch of Ohio Business Central, which enables Ohio-based businesses to form and renew their business status online; establishing a partnership with Google’s “Let’s Get Our Cities on the Map” program to put additional tools in the hands of new and growing Ohio businesses; and partnering with the Cleveland Sight Center to reduce wait time for callers into the Business Services Call Center.

The initiatives have enabled Husted to reduce spending in his office by $14.5 million in his first term when compared to the previous administration, he reported. In his second term, he requested a cut, not an increase, in his budget, and last December he requested a 100% cut in General Revenue Funds for the next biennium while announcing his plan to run the office for the remainder of his term without the use of taxpayer funds.

Published by The Business Journal, Youngstown, Ohio.