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Ohio Business Openings and Closings

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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.

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