Ohio Small Businesses: Five Fast Facts

May 7, 2024

Delaney Sexton
Contributing Editor

Ohio Small Businesses: Five Fast Facts

  • There are 989,435 small businesses in Ohio.
  • Small businesses contributed 117,778 new jobs in Ohio from March 2021 to March 2022.
  • Ohio businesses with revenues of $1 million or less received $3.1 billion in loans.
  • Total reported new lending to businesses through loans of $1 million or less was $10.7 billion.
  • Ohio small businesses exported $11 billion in 2021.

Source:
SBA Office of Advocacy 2023 Ohio Small Business Profile