Senate District 31
Jay Hottinger
 
 
 
 
 
 
 
Ohio Reports Historic Number of New Business Filings
Lowest Unemployment Rate in Nearly Two Decades
April 23, 2019

COLUMBUS – State Senator Jay Hottinger (R-Newark) today applauded recent announcements of record new business filings and a dropping unemployment rate as evidence that the state’s pro-growth economic policies continue to propel Ohio forward.
 
March reporting showed the state recorded the most new business filings in a single month in state history, with 13,747 entities filing to do business in Ohio, according to the Ohio Secretary of State’s office. Additionally, Ohio’s unemployment rate dropped to 4.4% in March, which is the lowest rate in 18 years according to the Ohio Department of Job and Family Services.
 
"Knocking down barriers for small businesses is a strategy that is working to create jobs here in Ohio," said Hottinger. "Recent improvements to Ohio's business climate and common sense regulatory reform are making our state an attractive place for companies to do business, creating new opportunities for Ohioans to support their families."

In recent years the Ohio Senate has focused on a number of pro-growth policies, including tax cuts and regulatory reforms, in an effort to strengthen the state's economy. Earlier this year, the Senate majority caucus introduced a package of additional reforms that would build on this momentum. Some of the highlights: 



  • Senate Bill 1 will eliminate unnecessary burdens facing small businesses and would cut government red tape by 30 percent over three years. If enacted, it would be among the most sweeping regulatory reforms in modern Ohio history. 



  • Senate Bill 8 incentivizes long-term investments in “Opportunity Zones,” which are economically depressed areas across Ohio in need of revitalization. There are more than 300 such federally-designated areas in Ohio—high poverty areas that would benefit from investment.  Senate Bill 8 ensures that money invested in Ohio Opportunity Zones stays in-state and improves conditions here at home. 



  • The Senate has also introduced priority legislation to alleviate licensing rules that create unnecessary roadblocks to people earning a living. For example, Senate Bill 7 allows temporary occupational licenses to be issued to military spouses. Under this bill, spouses could cut through the red tape and continue employment in their field (and support their families) when a military spouse transfers to Ohio on active duty. 


For more information about the Ohio Senate’s priorities, visit http://www.OhioSenate.gov/Republicans.

 
 
 
 
 
 
 
 
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