Business

Iowa sees fewer new business filings in 2019-20 fiscal year

Number remains second highest in state history despite coronavirus

Iowa Secretary of State Paul Pate talks to a class in October 2018 at Kennedy High School in Cedar Rapids. Pate on Thurs
Iowa Secretary of State Paul Pate talks to a class in October 2018 at Kennedy High School in Cedar Rapids. Pate on Thursday reported 24,481 new business were formed in Iowa in the fiscal year that ended June 30. (Liz Martin/The Gazette)

Iowans registered more than 24,000 new businesses in the 2019-20 fiscal year, the second-highest total in state history but a decrease from last year, Iowa Secretary of State Paul Pate said Thursday.

The 24,481 new business filings between July 1, 2019, and June 30, 2020, was just short of the record 24,720 new filings in the previous fiscal year.

“This data shows that despite the pandemic, there was substantial economic activity in Iowa over the past 12 months,” Pate said in a statement.

New business registrations have steadily increased over the last decade. This is the first year-to-year decrease since the 2013-14 fiscal year, when Iowa went from 19,061 to 19,030 new business filings.

Comments: (319) 398-8394; john.steppe@thegazette.com

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