Business Filings Up in Ohio

A record number of companies filed to do business in Ohio in May, Secretary of State John Husted said in a release Wednesday. Almost 8,600 companies filed to do business in Ohio in the month, an improvement over the 7,495 that filed in the same period last year.

It indicates optimism,” said Bill LaFayette, founder of Regionomics LLC, a consulting firm in Columbus. He said the numbers show people are optimistic enough to open businesses in Ohio at time when some indicators “aren’t so optimistic.”

Every month in 2016 so far has broken 2015’s filing records. More than 4,000 entities have filed this year than in the same 5-month period last year.

Ohio has seen a 21.8 percent increase in new filings since 2010, something Husted attributes, at least in part, to his implementation of an online system for business filings.

Read the article here.

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