State Senator Larry Obhof (R-Medina) today highlighted the latest report by Secretary of State Jon Husted showing that 8,480 new entities filed to do business in Ohio last month, an increase of more than 300 new businesses as compared to June 2015.

The report continues the positive trend of new business filings in Ohio as each month in 2016 has outpaced the number of filings last year, with over 4,300 more entities filing to do business in Ohio this year than at the same point in 2015.

"Ohio is on track to break its record for new business formations," said Obhof. "This is good news, but we need to build on this momentum by continuing to improve the state's business climate."

In the last five years Ohio has experienced a 21.8 percent increase in new business filings. 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 in which to start and maintain a business in the region.

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