DES MOINES, Iowa – Secretary of State Paul Pate announced on Monday that Iowans set a record for most new business filings in a single month, for the second month in a row. During May 2019 the Secretary of State’s Business Services Division processed 2,512 new business ventures. The previous high, set in April, was 2,326.
“This is a very positive economic indicator for Iowa,” Pate said. “It shows entrepreneurs have income available and they are investing it in business ventures. That hopefully translates into even more jobs in a state with one of the lowest unemployment rates in the nation.”
Iowa is also on pace to shatter the record for new business filings in a year, for the fourth consecutive fiscal year.
“We have seen a flurry of activity in our office,” Pate added. “My Business Services Division handled more than 25,000 calls in the first five months of this year, and we’re processing new business filings faster than ever before.”
The implementation of Fast Track Filing by Secretary Pate in 2018 allows new businesses to register with the state within a few minutes.
Prior to this year, the one-month record for most new businesses created in a single month was 2,204, set in March of 2018.