As of October 2015, there are 850,961 small businesses in the state of Ohio, according to available federal statistics. These numbers include small businesses that have employees and those that do not have employees.
According to current statistics, 623,622 businesses do not have employees, while 227,339 businesses have employees. However, these figures do not include self-employed individuals. Individuals who are self-employed and incorporated companies that file section C number 505,460 in total as of October 2015.
Most females have businesses in the health care and social assistance industry, while most males own businesses in the construction industry. Construction is also the most common business among Caucasians, Hispanics and veterans in Ohio.
Statistics from the Small Business Administration indicate that the industry with the most number of firms in Ohio are retail trade; professional, scientific and technical services; and other services that do not include public administration. Other industries with a large number of businesses are health care and social assistance services as well as construction.
This information is useful for individuals who want to start businesses in Ohio because they can learn which industries are popular and how much competition exists in a particular industry. It is also helpful for individuals who want to market or sell their products or services to businesses in Ohio.