In Ohio, a Small but Meaningful Step Towards Encouraging Business Growth

A new bill has passed the Ohio State Senate and House that would reduce the filing fee for new businesses in the state, a small but clear signal encouraging more businesses to start in the Buckeye state.

The Council of Smaller Enterprises (COSE) reports:

The Council of Smaller Enterprises (COSE) and Greater Cleveland Partnership (GCP) supported companion legislation, House Bill 3 (HB 3) and Senate Bill 26 (SB 26), that will reduce the business filing fee collected by the Office of the Secretary of State in Ohio by 21 percent. While reducing the business filing fee from $125 to $99 serves as a small step toward eliminating barriers for business – both large and small – it also sends a message about the importance of Ohio’s business community.  The legislation also provides any Ohio-based company, in good standing with the state, with access to all features of the OhioMeansJobs website. 

This initiative, championed by Secretary of State Jon Husted (R), quickly garnered bi-partisan support in the Ohio General Assembly. In addition to COSE and GCP, business organizations from across Ohio have signed on to support this example of a priority issue for leadership in the legislature. 

You can read more at COSE.