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New Business Growth Continues as Ohio Eliminates Hurdles for Entrepreneurs

COLUMBUS – Ohio Secretary of State Frank LaRose announced another strong month for new business filings for the month of February with 14,488 new businesses created.

“Each of the 14,488 new businesses is a story of grit and determination, even in the face of record-setting inflation,” said LaRose. “While the hurdles facing entrepreneurs are being ignored in Washington, we hear them loud and clear -- and we will continue to fight to ensure Ohio job creators are not stifled by bureaucracy, but supported through every step of their journey.”

Ohio helped tear down barriers to business creation recently by eliminating unnecessary bureaucratic hurdles for entrepreneurs. Streamlining certifications for minority, women, and veteran-owned businesses and a modernizing how limited liability companies (LLCs) are incorporated in Ohio are just the latest reforms toward positioning Ohio as the destination state for entrepreneurship and job creation.

Establishing a new business in Ohio has become increasingly quick, easy, and inexpensive through the Ohio Secretary of State’s Ohio Business Central website, OhioBusinessCentral.gov. Ohio’s business-friendly climate and the array of resources available to Ohio entrepreneurs helped Ohio maintain its economic momentum year after year.

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.

QUICK FACTS:

  • 14,488 new businesses were created in Ohio in February 2022
  • 31,059 new businesses were created in 2022 so far, averaging 15,529 per month
  • Ohio entrepreneurs can visit OhioSoS.gov/BusinessResources to discover the helpful opportunities available to them that can help them start and grow their business

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Rob Nichols
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