Daily Court Reporter - News Secretary Husted releases new business filings figures for April 2017
Secretary Husted releases new business filings figures for April 2017
(Columbus) Ohio Secretary of State Jon Husted recently announced 9,569 new entities filed to do business in Ohio during April 2017, an increase of 263 when compared to the same month in 2016.
So far, 42,633 new entities have filed to do business in Ohio in 2017. Due to the use of Ohio Business Central, the online business filing site founded by Secretary Husted in 2013, this number continues to climb. Already in 2017, three out of every four entities founded were started online. From the time Ohio Business Central was launched until the end of April 2017, the Secretary of State’s Office has processed over 240,000 online filings.
This image is a bar graph with data on business filings January through April for 2015, 2016 and 2017. 2015's numbers were 34,418. 2016's numbers were 37,809. 2017's numbers were 42,633. There is a bubble that says over 4,800 more entities filed so far.
April 2017 marked 18 months since Secretary Husted reduced the cost of starting and maintaining a business in the Buckeye State by 21 percent. This change has saved Ohio businesses over $3.8 million to date.
Secretary Husted’s efforts to cut costs don’t stop there. In fact, he has requested a 100 percent cut in the amount of tax dollars needed to run his office for the next two years, saving taxpayers nearly $5 million. Secretary Husted can do this because during his first term he reduced spending by $14.5 million, a 16 percent reduction when compared to the previous administration. He is also operating his office with nearly 32 percent fewer staff. With only 130 employees, down from 190 when Secretary Husted took office, payroll costs at the Secretary of State’s Office is now at its lowest level in nine years.
Secretary Husted’s success in improving customer service is also apparent by the fact that more people are choosing Ohio as the place to do business. Earlier this year Secretary Husted announced that 2016 was the seventh consecutive year the state has seen a record number of new entities filing to do business in Ohio (read more). With strong filing growth in the first quarter of 2017, Ohio is well on its way to another record year.
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 ongoing 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.
Date Published: May 23, 2017