There are over 220 in the county.
Offaly saw the largest increase in start-ups in 2023.
New figures from credit analyst CRIFVision-net shows the county saw nearly three in ten more start businesses last year, with over 220 now in Offaly.
On the opposite end of the scale, Laois saw one of the largest decreases in the country, at 4%.
There were 260 start-up businesses in the county in 2023.
19 counties around the country saw an increase in the number of start-ups last year.
The strongest performing sectors were motoring, fishing , transport, storage and communication.
Christine Cullen, Managing Director of CRIFVision-net says:
"In examining the business landscape, we have observed a solid rise in start-ups in 2023. There seems to be a surge emerging beyond major urban centres. This trend may be influenced by the prevailing housing crisis coupled with low unemployment rates and resource constraints.
Another interesting finding is around business closures. Our latest analysis covers both dissolved entities which encompasses both insolvencies and general closures which offers a more comprehensive view of business discontinuations. Our findings reveal that 33% of companies face closure within the initial four years, with particular vulnerability evident in years 3 and 4.
On insolvencies specifically, our research indicates that 25% of all insolvencies involved companies incorporated in the last four years. This underscores the need for increased local and government support, acknowledging challenges business owners face such as high energy, rental costs and the continued uncertainty caused by inflation.
A need for enhanced assistance during the first five years of operation is crucial. If we can proactively address these challenges, the Irish government can create an environment that nurtures the growth and sustainability of emerging businesses leading to a more robust and resilient economy."
Deadline For Observations on Westmeath Community Centre Tomorrow
Laois County Council Launch Youth Theatre Pilot Proposals
OPW Minister To Visit Waterford In March After Flooding
Epilepsy Day Highlights Over Two Thousand People With Condition In Midlands
State Pathologist Reviews Ancient Human Remains Found In Westmeath
Revenue Seizes Over €105k In Midlands, Kilkenny, Dublin And Rosslare
Family of Offaly Father Seek Publication Of Report Into Death
Midlands Stars Survive Fright Night Under The Glitter Ball
Westmeath Library Reopening
Gardaí Make €1.7m Midlands Drug Seizure
Over €150k Raised For Offaly Teen's Recovery
Two Men Arrested Following Guns And Ammunition Seizure In Midlands
Rossie To Aussie Nurse Arrives Down Under For Fundraiser
Laois IFA Hold AGM To Demand Bord Bia Chair’s Resignation
Westmeath Man Pleads Guilty To Attacking Ex-Girlfriend's Car
Legal Aid Costs For International Protection Cases Jumps 429% Since 2020
Love Luck Varies Across The Midlands This Valentine’s Day
Supermacs Nominated For Multiple Digital Awards
Education Minister Confirms Tender For Major Expansion Of Laois School
Weekend Celebrations As Midlands Lotto Player Scoops Over €195k