STATEHOUSE - 

State Senator Troy Balderson (R-Zanesville) today announced Senate passage of legislation to reduce the filing fees necessary to start new businesses and provide online resources to help Ohio's job creators find qualified workers. 

“This legislation reduces the costs for new businesses in Ohio, which will in turn create jobs,” said Balderson. “As a former small business owner, I am confident that these efforts will encourage entrepreneurs to launch new businesses in our state.”

House Bill 3 reduces Ohio’s current filing fee by 21 percent – from $125 to $99 – saving Ohio businesses a collective $2 million per year. Other states report filing fees as high as $500, and some require additional annual renewal fees.  

According to the office of Secretary of State, which is responsible for accepting and processing new business filings, this will be Ohio’s first reduction in fees associated with business filings in modern history.  Secretary of State Jon Husted has supported the fee reductions, arguing that the change will encourage economic growth and will make Ohio more competitive with other states.     
 
The bill ensures that Ohio-based companies have access to the appropriate features and information on OhioMeansJobs.com, a statewide database of job openings intended to give Ohioans’ greater access to job opportunities by linking employers and people who are looking for work.
 
Ohio’s business climate has improved in recent years, with 2014 setting a record of 93,775 new businesses filed with the Secretary of State’s Office – the fifth consecutive year that the state had a record number of new business filings.  Ohio’s unemployment rate has fallen from 9.3 percent in December 2010 to 4.8 percent in December 2014, and the state’s private sector employers have added more than 337,000 new jobs.

House Bill 3 passed with a bipartisan and unanimous vote.

 
 
 
  
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