Indiana Secretary of State Holli Sullivan on Wednesday announced a record-breaking number of new businesses in the state in 2021, with nearly 100,000 new businesses registered.
“2021 was an incredible and record-breaking year for business growth in Indiana,” Sullivan said in a statement. “The overwhelming majority of new businesses registered are based right here in Indiana, a sign of our state's strong economic environment. Hoosiers know that when we say Indiana is open for business, we mean it!”
The Secretary of State's Business Services Division is responsible for registering all business in the state of Indiana. Most users completed their registration through INBiz, Indiana's business registration portal. Overall, 94,670 businesses were registered in 2021.
The release said 86,416 filings were for businesses based in Indiana and 9,623 filings were businesses headquartered outside of the state.
Total registrations increased 26.3% in 2021 from 74,937 in 2020.
Stocks post slight gains
Wall Street capped a day of wobbly trading with modest gains for stocks Wednesday, as investors weighed the implications of the latest economic snapshot showing rising inflation.
The S&P 500 index rose 13.28 points, to 4,726.35. It's now about 1.5% below the all-time high it set early last week. The Dow gained 38.30 points, to 36,290.32. The Nasdaq rose 34.94 points, to 15,188.39. The indexes are all on pace for a weekly gain.
Federal deficit falls
The federal government last month posted its smallest monthly budget deficit in two years thanks to a rebounding economy that helped boost tax receipts, coupled with slower spending as some COVID relief programs ended.
The Treasury Department reported Wednesday that the December deficit of $21.3 billion was the smallest monthly deficit since a $13 billion shortfall in December 2019. That was before the COVID pandemic hit in in the U.S., pushing millions of people out of work and sending the economy into a short but steep recession.