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.

Get CT In Your Inbox!

Don't miss a single update.

You May Also Like

Taylor Back on Campaign Trail Following Deployment

Republican candidate Jeremy Taylor returned to the campaign trail in Iowa’s 4th Congressional District race after a three-week military deployment.

New Iowa U.S. Senate Poll Suggests A Tighter General Election Race

A new Iowa U.S. Senate Poll released by the Conservative Intelligence Briefing suggests a closer general election race between Republicans and Bruce Braley.

Paulsen’s Gas Tax Hike Albatross

Speaker of the Iowa House Kraig Paulsen (R-Hiawatha) has much to explain to his caucus and Iowans for actions he took to push a gas tax increase on Iowans.

Measure Defunding Abortion Providers Advances in the Iowa Senate

SF 2, a measure that defunds Iowa’s abortion providers of taxpayer money and reallocate to clinics that don’t provide abortion, advances in Iowa Senate.