Paul D. Pate
Secretary of State
Des Moines, IA 50319
|OFFICE OF THE IOWA SECRETARY OF STATE|
|FOR IMMEDIATE RELEASE:
July 20, 2022
MEDIA RELEASE: Iowans create record number of new businesses
DES MOINES – Secretary of State Paul Pate announces Iowans registered the highest number of new business entities in state history during the 2022 fiscal year. 33,331 new businesses registered with the Secretary of State’s Office between July 1, 2021, and June 30, 2022. The mark breaks the previous record of 33,260 set last year.
“Despite rising inflation and supply chain disruptions, this data shows Iowa entrepreneurs are investing in businesses in our state,” Secretary Pate said. “I’m very proud of the work we’ve done to make it faster and easier than ever to launch a new business in Iowa.”
The months of March and June 2022 saw the highest amount of new business creations. 3,179 businesses registered with the Secretary of State’s Office in March, and 3,059 registered in June.
Secretary Pate reduced filing fees for businesses, beginning July 1. Biennial Report fees for most entities have decreased by $15 and Uniform Commercial Code filing fees were cut in half.
90 percent of new business filings in Iowa in Fiscal Year 2022 were created using Fast Track Filing. This system implemented by Secretary Pate in 2018 greatly expedites the registration process, allowing same day service.
An animated graphic showing the number of new business filings per fiscal year over the past decade is available at this link.
A still graphic of New Business Filings by Fiscal Year is available for your use at this link.
A list of active Iowa business entities is available at this link.
A soundbite from Secretary Pate is available for your use at this link.