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Iowa Sees Record Number Of Business Filings In Past Year

A record number of new business filings were processed in Iowa during the state’s most recent fiscal year. According to Iowa Secretary of State, Paul Pate, his office received 21,240 applications between July 1, 2016 and June 30, 2017. “This shows the entrepreneurial spirit of Iowans continues to thrive and that is good news for the state,” says Pate. “Small business is the backbone of our economy. This data shows more entrepreneurs are taking chances with their capital and investing in startups across the state.” The new record beats the previous high of 20,155 filings set in fiscal year 2016. Pate notes these numbers are nearly double what his office handled 20 years ago and believes it is a strong indicator of Iowa’s economic growth.

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