COLUMBUS—State Representative Marlene Anielski (R-Walton Hills) 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.


“As Chair of the State and Local Government Committee, I was pleased to guide House Bill 5 through the committee process.  Ohio continues to be a pro-business state by making changes to laws in order to encourage economic growth,” said Rep. Anielski. “The microbusiness classification aids smaller businesses to be more competitive.”


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. The 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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