Number Of New Business Formations In October Outpaces Previous Records
8,281 New Entities Filed to Do Business in Ohio During October 2016
November 22, 2016
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COLUMBUS—State Senator Larry Obhof (R-Medina) today highlighted a recent report published by Secretary of State Jon Husted's office showing that 8,281 new entities filed to do business in the state of Ohio last month. 

The report shows that 443 more new businesses were formed last month compared to October 2015. Additionally, new business filings are up by more than 5,600 this year than at the same point last year.

"Ohio is on track to break its record for new business formations," said Obhof. "Ohio is a great place to start and expand a business, but we must build on our positive momentum by seeking to further improve our state's business climate."

In 2015, Senator Obhof sponsored Senate Bill 26 and co-sponsored House Bill 3, which cut the filing fees for starting a new business or non-profit entity by more than 20 percent.

Ohio is now the least expensive state to start and maintain a business in the Midwest. Ranked 11th in the nation on Forbes' Best States for Business 2016, Ohio has climbed 27 spots since 2011. Ohio's employers have created more than 420,000 new jobs during that span. 

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