State Senator Bill Beagle (R-Tipp City) today highlighted new signs pointing to improvements in Ohio's business climate as a result of continuous legislative efforts. 2015 marks the sixth consecutive year Ohio has set a new record for entities filing to do business in the state and a 40-year low in the number of Ohioans filing for unemployment benefits.

“I'm proud of our efforts to improve Ohio's business climate in order to give small businesses and families the best chance to thrive in our state." said Beagle. "Record business filings and promising employment numbers point to the fact that pro-growth policies rooted in smart, not more, government result in an increasingly positive economic outlook."

Last year, 9,746 new businesses registered with the Ohio Secretary of State's office, exceeding the previous year's record-setting number by 3,971 businesses. The rising number of new businesses has contributed to the 385,000 new private sector jobs created since January 2011.

In 2015, Senator Beagle cosponsored legislation cutting the state's business filing fees by 21 percent, making Ohio's $99 filing fee the lowest fee in the Midwest, saving businesses an estimated $2 million annually.

Fewer Ohioans filed for unemployment benefits in 2015 than in any year since 1973. Initial unemployment claims have dropped by 63 percent since the recession ended in 2009.

"Our focus will continue to be on jobs and opportunities for all Ohioans so that small business owners and employees alike feel confident that Ohio is where they should be in order to succeed." Beagle added. "Recent growth can be attributed to lowering the tax burden on Ohioans and reducing regulatory reform across the board."

At 4.5 percent, Ohio continues to outperform the national unemployment rate of 5.2 percent.

Other positive steps taken toward improving Ohio’s business climate include cutting income tax rates to the lowest level since 1982 and continuing the state’s 75 percent deduction on the first $250,000 of income for small businesses while creating a 3 percent flat tax for small businesses earning more than $250,000.

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