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