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North Summit News

Tuesday, November 26, 2024

Decreasing number of Summit County professional licenses issued in Q1

Genbusiness009

There were 618 professional licenses issued in Summit County in the first quarter of 2023 in Ohio, according to the eLicense Ohio Professional Licensure System.

This is a 6.5% decrease from the fourth quarter of 2022.

Starting and managing a small business in Ohio is not an easy task. Nearly $172 billion is paid to employee salaries and more than 72,924 businesses declare bankruptcy every year.

A Congressional Research Service study found small firms accounted for about 63 percent or two-thirds of new private-sector jobs in the U.S.

Comparison of professional licenses issued by Quarter
Issued in Q1Issued in Q4 2022Percentage change (%)
618661-6.5%

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