COLUMBUS– Ohio Senator Frank LaRose (R-Copley) recently announced the Senate passage of legislation to reduce the filing fees for starting a new business in Ohio from $125 to $99.

"This legislation is in line with the goals we have of being a business-friendly state," said LaRose, who cosponsored the bill and guided it through the State and Local Government Committee that he chairs. "We are continuing to knock down barriers to starting a business, creating jobs and growing our economy."

House Bill 3 reduces Ohio’s current filing fee by 21 percent, 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 Ohio Secretary of State's office, 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 make Ohio more competitive with other states.     
 
The bill ensures that Ohio-based companies have ready access to 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 markedly improved in recent years, with a record-setting 93,775 new businesses filing with the Secretary of State’s Office in 2014– the fifth consecutive year that the state had a record number of new business filings. Ohio’s unemployment rate has fallen from 9.3% in December 2010 to 4.8% in December 2014, and the state’s private sector employers have added more than 337,000 new jobs in that time period.

House Bill 3 passed the Senate with unanimous, bipartisan vote and now goes to the Governor for his signature.

 
 
 
  
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