Iowa smashes record for most new business filings in a single month

Iowa News
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IOWA (WOI) – April was a record setting month for new business filings in the state of Iowa. Secretary of State Paul Pate’s Business Services Division processed 2,326 new businesses in April. Smashing the previous record of 2,204 set in March of 2018. 

The news comes while Iowa is celebrating Small Business Week. The state was also recently called the best state for jobs by MarketWatch. While also maintaining one of the lowest unemployment rates in the country. 

“We’re seeing small businesses flock to Iowa because we have an environment that I think is very inviting,” Secretary Pate said. “We have low interest rates, we’ve seen low unemployment numbers, but it’s the entrepreneur who’s stepping up and getting the job done.”

The implementation of the Fast Track Filing system that Secretary Pate implemented last year has increased the amount of job filings drastically. The system that used to take around three weeks for filing a new business, now takes minutes. 

“Our office’s goal is to operate at the speed of business, not the speed of government,” Secretary Pate added. “We need to be available seven days a week, 24 hours a day, and that’s what we’ve done by putting online filing and fast tracking in our offices.”

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