Business Filings Dropped in April 2022

Provided by Hannah News Service

Secretary of State Frank LaRose said Thursday that there were 15,488 new business filings in April 2022, a 20 percent decrease from the previous month and a 30 percent decrease from April 2021.

LaRose said that as inflation continues to rise to record levels throughout the nation, small business optimism has reached an all-time low—according to the NFIB National April Small Business Optimism Index, the lowest point in the survey's 48-year history. The survey cited inflation as the major problem facing small businesses.

OSCPA continues to place great emphasis on driving the Ohio economy when considering its legislative and regulatory agenda -- even more important during times of significant inflation when so many businesses are negatively impacted.