This graph shows the number of new businesses filed in Iowa from 2011-2020.
By CBJ News Staff
newsroom@corridorbusiness.com
Secretary of State Paul Pate has announced Iowans registered the second highest amount of new business entities in state history during the 2020 fiscal year with 24,481 new businesses registered with his office between July 1, 2019, and June 30, 2020. The mark is just shy of the record high of 24,720, set in fiscal year 2019.
“This data shows that despite the pandemic, there was substantial economic activity in Iowa over the past 12 months,” Mr. Pate stated in a release. “I’m proud of the work my staff put in to help new businesses launch.”
Since mid-March, when the pandemic was beginning to significantly impact the state, 94% of new domestic businesses in Iowa were created using Fast Track Filing. The system implemented by Mr. Pate in 2018 expedites the registration process, allowing same-day service. Mr. Pate’s office has added six new business filing types to the Fast Track system since March.
A list of active Iowa business entities is available here. CBJ
