New business filings in Ohio grow at a record pace

COLUMBUS, Ohio — 8,003 new entities filed paperwork to start businesses in Ohio during September, as reported by Ohio Secretary of State Jon Husted. The numbers are a slight improvement over those of September 2014.

So far in 2015, 75,377 new businesses have been formed in Ohio, maintaining course for 2015 to be another record-breaking year for the state. At the same point in 2014, 71,668 new businesses were filed with the secretary of state.

On Sept. 24, 2015, the costs associated with starting a new business in Ohio were reduced by 21 percent, making Ohio the least costly state in the region to start and maintain a business. That cost reduction represents the first time the fee has been cut in modern history. The cut was made possible by Husted’s responsible fiscal stewardship over the office, which reduced operating expenses by more than $14 million over the past four years representing a 16 percent cut from the previous administration.

Source: Ohio Secretary of State

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Tory Troutman

Tory Troutman, native Oklahoman, was a classical music announcer at KCSC-FM (now KUCO) for 25 years, starting while a student in the University of Central Oklahoma's English Department. He has worked with Korean master's degree candidates for over ten years on English improv...