Ohio may be the place to start a business being the least costly state in the region.
Costs associated with starting a new business in Ohio dropped by 21 percent in late September, according to a press release from Ohio Secretary of State Jon Husted’s office.
The drop was made possible by Husted office’s reduction in operating expenses by more than $14 million over the past four years.
According to the release, the state has experienced record business growth since 2010 and has made it possible for 80 percent of business filings to be done online.
Now one in two companies can be established electronically through the Ohio Secretary of State’s Ohio Business Central service that includes 100 percent of Ohio-based businesses.
Additionally, new business filings increased by more than 50 entities in September.
Husted announced there were 8,003 new filings in Ohio last month, up from 7,947 in September 2014.
And 2015 is also on course to be another record-breaking year for the state, according to Husted’s office.
As of Oct. 15, there have been 75,377 new businesses formed in Ohio compared to 71,668 new businesses at the same period in 2014.