Ottumwa sees trend toward more business openings
Monday, September 10, 2018
OTTUMWA — Iowans submitted more business filings this year than any time in state history, Secretary of State Paul Pate announced Thursday. While Ottumwa may not have broken any records, the 50 filings made with the secretary's office last year and the 40 filings this year have downtown's booster feeling pretty good.
During the 2018 fiscal year, 23,649 new businesses were created in the state. For the 2017 fiscal year there were 21,665 new businesses created. Fiscal years run from July 1 to June 30.
“This is terrific news for Iowa and the state of our economy,” Secretary 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.”