LaRose Announces Ohio Shatters Its All-Time New Business Creation Annual Record

Nearly 200,000 New Businesses Were Created in 2021

Last November, Ohioans broke the previous annual new business filings record set in 2020 with almost two full months remaining to create a new business. The total number of new businesses created in December was 12,516, bringing the total new business filings in 2021 to 197,010, a 15 percent increase over 2020’s record of 171,073.

“Ohio entrepreneurs are proving that this is a good time to work hard and follow your passion,” said Ohio Secretary of State Frank LaRose. “Though some industries continue to struggle, Ohio is embracing new business – especially small and local businesses, all while the semiconductor chip manufacturer Intel announced it will invest $20 billion in Ohio, creating what may become the largest chip manufacturing operation on the planet.””

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 have helped Ohio maintain our economic momentum throughout 2021.

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:

• 12,516 new businesses were created in Ohio in December 2021
• 197,010 new businesses were created in 2021
• Total new businesses created through 2021 represent a 15 percent increase over 2020’s record setting 171,073 new businesses
• 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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