COLUMBUS – Ohio Secretary of State Frank LaRose announced 14,493 new business filings in September 2022, down from the month prior but on par with September 2021.
On top of inflation concerns impacting new business filing numbers, the National Federation of Independent Businesses has cited staffing shortages and supply chain issues as top problems facing small businesses throughout the country.
“Ohio families are digging in after being hit hard by inflation and some may have had their confidence about starting a new business shaken,” said LaRose. “Despite those challenges, this month’s numbers show many new entrepreneurs are undaunted and continue to believe in Ohio. They are doing their part to keep our economy moving by starting their new business.”
Through streamlining certifications for minority, women, and veteran-owned businesses and modernizing the process for limited liability companies (LLCs) to incorporate in Ohio, Secretary LaRose continues to work to simplify the process for starting a business in Ohio.
Secretary LaRose has also expanded the Ohio Business Resource Connection, a compilation of private and public resources available to assist businesses. He has hosted dozens of roundtables throughout the state with community, legislative and business leaders to spread the word about the resources available for entrepreneurs looking to start or grow their businesses.
QUICK FACTS:
- 14,493 new businesses were created in September 2022, an 8.4 percent decrease from August 2022.
- September 2022 new business filings are down 0.3% from September 2021's 14,543 new filings.
- 138,167 new businesses have been created in 2022 so far, averaging 15,352 per month. 156,600 had been created at the same point last year.
- 2019, 2020, and 2021 were all record-setting years in Ohio for new business creation. In 2021, Ohio surpassed the annual filing record with 197,010 new business filings.
- Ohio entrepreneurs can visit OhioSoS.gov/BusinessResources to discover the helpful opportunities available to them that can help them start and grow their 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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