A Business-Friendly Approach Promotes Innovation and Growth in Ohio
Ohio is the birthplace of some of the world’s greatest inventions – the airplane, the lightbulb, the traffic light and even Superman. Today, Ohio combines that innovative spirit with a friendly business environment that attracts global investment and fosters growth. Ohio’s simplified tax structure, central location and affordable cost of doing business are catalysts for ongoing economic diversification and prosperity.
In Ohio, the speed of business is how we do business. Make Ohio home.
- $2 billion budget surplus
- 7th largest economy in the U.S., 21st worldwide
- The state’s Common Sense Initiative has created a jobs-friendly regulatory environment
- Accelerated environmental permitting process takes 180 days or less
- No corporate income or profits tax
- No tax on products sold outside of Ohio
- No tax on machinery and equipment investments
- No tax on R&D investments
- Only one state business tax – the Commercial Activity Tax (0.26%)
- From 2012-2017, Ohio cut taxes by $4.9 billion – the largest tax cut by total in the U.S.
|Security and Source of Funds||Fitch Ratings||Moody's||Standard & Poor's|
|General Obligation, General Revenue Funds|
Higher Education, Common Schools, Coal Development, Conservation Projects, Infrastructure Improvement, Job Ready Site Development, Natural Resources, Third Frontier Research and Development, and Veterans Compensation
|General Obligation, Highway User Receipts|
Highway Capital Improvements
|Special Obligation, General Revenue Funds|
Cultural and Sports Capital Facilities, Mental Health Capital Facilities, Parks and Recreation Capital Facilities, State Facilities (Administrative Building Projects, Adult Correctional Building Projects and Juvenile Correctional Building Projects)
|Special Obligation, Highway User Receipts|
State Facilities (Transportation Building Projects and Highway Safety Building Projects)
|Federal Transportation Grants, State Highway Infrastructure/ Grant Anticipation Revenue Vehicle (GARVEE)|
Major New State Infrastructure Project (GARVEE)
|State Credit Enhancement, General Revenue Funds|
Two-year Community and Technical Colleges
Ohio’s economy consists of thriving industries that reflect the Midwest’s industrial leadership and continued innovation. JobsOhio executes strategies around Ohio’s biggest industries and industries showing growth: advanced manufacturing, aerospace and aviation, automotive, energy and chemicals, financial services, food and agribusiness, healthcare, information technology, and logistics and distribution.
Foreign Direct Investment
For international companies seeking access to the U.S. market, Ohio is an advantageous location. Ohio’s welcoming culture, low cost of doing business, reliable and affordable energy, and skilled workforce make the state an appealing choice for international investors.
Contact us to learn more about Ohio