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, wwhich 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,” 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.