Ohio’s new business filings in September reverted to a downward trend after a one-month reprieve in August.
New business filings in September were lower than August, according to a release from Secretary of State Frank LaRose, but level with filings from September 2021.
Inflation is taking a toll on startup businesses in Ohio, dropping the state’s new business filings by more than a quarter from a year ago, according to Secretary of State Frank LaRose.
LaRose pointed to two surveys from the National Federation of Independent Business that show inflation continues to be a significant factor for small business and small business optimism both nationwide and in Ohio.
Ohio’s record run of business startups ended in April, and Secretary of State Frank LaRose blamed rising inflation for discouraging entrepreneurs from creating new business.
LaRose on Thursday also called on leaders in Washington to put politics aside and work to bring rising costs under control.