Ohio Business Openings and Closings
New businesses in Ohio opened at an average of 27,000 annually between 1988 and 1998. Since 1994, however, the number of starts has fallen every year; 1998 had the lowest number since 1992. Business closings over the same period averaged about 24,500, with 1997 and 1998 showing the highest numbers.
Suggested citation: "Ohio Business Openings and Closings," Federal Reserve Bank of Cleveland, Economic Trends, no. 00-05, pp. 12, 05.01.2000.