New Business Growth in Ohio

Secretary of State Husted: Year-End Filing Figures for New Businesses Indicate Three Consecutive Years of Growth

Number of new businesses filing with state has increased 16.5 percent from 2009 to 2012.

Husted
COLUMBUS – Secretary of State Jon Husted today announced that 88,068 new entities filed to do business in Ohio in 2012. These numbers are up compared to 2011, in which 82,601 new entities filed with the Secretary of State. 2012 marks the third year in a row in which the number of new business filings surpassed that of the year before.

“Ohio is heading in the right direction,” Secretary Husted said. “We should build upon these successes and continue to make our state the preferred location for entrepreneurs to grow their businesses and create jobs.”

The number of new business filings for December 2012 surpassed those from 2011. In total, 6,975 new entities filed to do business in Ohio in December of last year, compared to 6,463 in December 2011.

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Though the most visible role of the Secretary of State is that of chief elections officer, the office is also the first stop for individuals or companies who want to file and start a business in Ohio. While recognizing these numbers can’t provide a complete picture of Ohio’s jobs climate, they are an important indicator of economic activity that Secretary Husted hopes will add to the discussion of how to improve the state’s overall climate for business.

NOTE: New business filings are classified as forms filed with the Ohio Secretary of State that declare the formation of a business entity, including for-profit, non-profit and professional corporations, limited liability companies, partnerships, limited partnerships and limited liability partnerships. Filing as a business in Ohio does not guarantee the company will begin operations, be profitable or create jobs.

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