Paul D. Pate
Secretary of State
Des Moines, IA 50319
|OFFICE OF THE IOWA SECRETARY OF STATE|
|FOR IMMEDIATE RELEASE:
July, 15 2019
Iowa breaks record for new business filings for fourth consecutive year
DES MOINES - Secretary of State Paul Pate announces Iowans set a record for most new business filings in a single year, for the fourth year in a row. During Fiscal Year 2019, which concluded on June 30, 24,720 new businesses filed with the Secretary of State’s Office. That is a 4.5% increase from last year’s record high of 23,649.
“I’m really excited about Iowa breaking another record for new business startups this year,” Secretary Pate said. “Small businesses are the backbone of our economy, providing jobs and helping communities grow.”
The implementation of Fast Track Filing by Secretary Pate in 2018 allows new businesses to register with the state in just a few minutes. The process previously took as long as three weeks.
A graphic detailing the growth and types of new business filings over the past decade is available for your use by clicking here.
A soundbite from Secretary Pate is available for your use at this link.
A list of active business entities in the State of Iowa is available at this link.