In an effort to bolster U.S. competitiveness amid global supply chain shortages and shifting geopolitical tensions, the U.S. Congress passed two sweeping new laws in 2022: the Creating Helpful Incentives to Produce Semiconductors Act (CHIPS Act), which provided $52.7 billion to expand domestic semiconductor manufacturing, R&D, and workforce development, and the Inflation Reduction Act (IRA), which offered tax incentives for investment in clean energy, electric vehicles, and batteries. Companies eager to maximize the benefits have been finding fertile soil in Ohio, thanks to several key advantages:
Add to the above a resilient, diverse economy, business-friendly taxes and a low cost of living and it’s easy to see why Ohio is not just the heart of America in terms of geography, but increasingly so in economic dynamism and opportunity. Its strategic blend of location, infrastructure, economic incentives, and skilled labor makes it an attractive proposition for global companies of all sizes. And as the business landscape continues to evolve, Ohio stands ready to welcome and nurture global corporations, cementing its position as a premier business destination.
As you can see, economic development and the issues surrounding it can get extremely complicated. JobsOhio's primary role is to serve as a guide through these murky waters for long-term success and prosperity for our partner companies and all Ohioans. To learn more about how JobsOhio can help your business, contact Alina Harastasanu, Director of European Business Development, at email@example.com or +1 (614) 301-3536.