(Des Moines) Iowa Secretary of State Paul Pate announced that Iowans set a record for new business filings for the third year in a row. The Secretary of State’s Office is the business portal for Iowa. During the 2018 Fiscal Year, 23,649 new businesses were created in the state. The 2018 Fiscal Year ran from July 1, 2017-June 30, 2018.

There were 21,665 new businesses created in the 2017 Fiscal Year, and 20,300 in 2016. The 20,000 mark had not been surpassed before 2016.

“This is terrific news for Iowa and the state of our economy,” Pate said. “Each of the past three years, more than 20,000 new businesses have launched in our state, and 2018 is by far our best year ever. This shows Iowans have more income that they are willing to invest and create jobs in our state.”

Pate launched a new Fast Track Filing system in June that significantly expedites registering a business with the state. The average processing time is less than five minutes during regular business hours and less than 24 hours during non-business hours.

You May Also Like

AOC Targets Ernst and Says Democratic Trifecta a ‘Once In A Generation Opportunity’

U.S. Rep. Alexandria Ocasio-Cortez called for unseating Joni Ernst and said Democrats face a “once in a generation opportunity” for a Democratic trifecta.

Five Concerns With Iowa’s Winning Student Assessment Vendor

The Iowa Department of Education announced American Institutes for Research (AIR) was selected develop Iowa’s new student assessment. Here are five concerns.

I’m Optimistic About What Lies Ahead for Iowa

Jack Whitver: I have never been more optimistic about what lies ahead for our state. It is a great time to be an Iowan, but an even better time lies ahead if tackle the big issues and commit to bold ideas.

What Really Happened to HF 153?

Craig Robinson raises some great questions about the personhood bill that State…