POPULATION: 11,536,504 (2010 Census)
LABOR FORCE: 5,900,000 (2010 annual
average)
RIGHT TO WORK: No
TRADITIONAL INDUSTRIES:Advanced manufacturing,
services, trade
EXPANDING INDUSTRIES: Polymers and chemicals, information
technology, biohealth,
logistics
COLLEGE GRADUATES: Age 25 and over) 24.6%
BASIC BUSINESS TAXES:
Commercial Activities Tax: 0.26
percent of net state gross
receipts
Sales and Use Tax: State sales
and use tax rate is 5.5 percent
and applies to the retail sale,
lease, and rental of tangible
personal property as well as
the sale of selected services in
Ohio. In transactions where
sales tax was due but not collected
by the vendor or seller, a
use tax of equal amount is due
from the customer. Counties
and regional transit authorities
may levy additional sales and
use taxes. Counties and regional
transit authorities may each
levy sales tax in multiples of
0.25 percent up to 3 percent.
The total combined rate —
state, county, and transit
authority — may not exceed
8.5 percent.
Property Tax: Assessed by
cities, counties, and school districts,
collected by counties, on
35 percent of true value for real
property
BUSINESS INCENTIVES:
Economic development
financing
Direct loans for land and
buildings
Enterprise bond funds
Tax credits and abatements
Roadwork development
Workforce training grants
Brownfield redevelopment
