Spring Business License Applications Set New Record in Ohio

Spring fever has citizens eager to start new businesses all over the state. In March, Ohio citizens set a state record for new business license application filings. Last month, Secretary of State Frank LaRose’s office received 13,747 new business filings, beating the previous record by 873. “It’s a significant milestone, and one that wouldn’t happen without a business environment that encourages entrepreneurs to take chances – to innovate and grow,” said LaRose. “We’re going to continue doing everything we can to empower Ohioans to succeed.” In 2015, State Sen. Larry Obhof (R-Medina) proposed a bill that would cut business filing fees by 21 percent. The bill also implemented easier online government filing systems. It passed both houses with 100 percent of the vote. There have been five records set since March 2017. Each record has surpassed the previous one by 30 to 600 filings. This past March’s filings were a 6.7 percent uptick from the previous record leaving Obhof ecstatic about the results. There are many reasons for this sudden growth. Sen. Obhof attributed much of it to “across the board income tax cuts.” “We eliminated the death tax, we had targeted tax cuts that benefited small businesses and really…

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