COLUMBUS—State Representative Craig S. Riedel (R-Defiance) today announced the Ohio House’s passage of legislation that creates the definition of “microbusiness” in statute.


House Bill 5, sponsored by Representatives Dorothy Pelanda (R-Marysville) and Theresa Gavarone (R-Bowling Green), defines a microbusiness as an independently owned and operated for-profit business entity that is located in Ohio and has fewer than 20 full-time employees.


“By defining a microbusiness, we are making positive strides to help the growth of small businesses,” said Rep. Riedel. “I am in full support of House Bill 5 and will continue to support legislation that benefits the business community.”


The current definition of “small business” in state law includes entities with up to 400 workers, resulting in a large discrepancy between businesses with vastly different resources. This gap affects how businesses are defined for purposes of seeking loans and other connections with the government.


House Bill 5 now awaits consideration by the Ohio Senate.


 

 
 
 
  
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Representative Riedel Sworn In As State Representative Of The 82nd House District

 
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State Representative Craig Riedel (R-Defiance) was sworn in yesterday as a member of the Ohio House of Representatives for the 132nd General Assembly. He represents the 82nd Ohio House District, which includes Defiance, Paulding and Van Wert counties, as well as part of Auglaize County.