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Ohio Resources Page
 

First Person: Dr. Scott Rickert, President and CEO, Nanofilm

Dr. Scott Rickert, President and CEO, Nanofilm (June/July 09)
The future of the United States depends on investment in nanotechnology. More

Solar Industry’s Bright Future

Ralf Segeth, Senior Manager, Apricum — The Cleantech Advisory (June/July 09)
The solar industry has evolved into one of the key investment fields worldwide, and market forecasts continue to project double-digit growth for the coming years. More

States Fund Renewable Energy Projects

Richard K. Greene, Senior Consultant, The Williams Group Real Estate Advisors (June/July 09)
Sixteen states have taken the lead in funding for renewable energy projects through tax and production incentives, rebates, grants, and loans. More

Smaller Towns Teaming Up Through Regional Economic Development Partnerships

Mark Crawford (Apr/May 09)
More second- and third-tier markets, both rural and suburban, are combining their economic development resources. More
State Contacts
Ohio  At A Glance
POPULATION: 11,466,000 (2007 estimate)

LABOR FORCE: 5,987,000 (July 2008)

RIGHT TO WORK: No

TRADITIONAL INDUSTRIES: Manufacturing, services, trade

EXPANDING INDUSTRIES: Distribution, plastics, information/communications, transportation products, food processing

COLLEGE GRADUATES: (Age 25 and over) 24.0% (2007)

BASIC BUSINESS TAXES:
Corporate Franchise Tax: 40 percent of the greater of 5.1 to 8.5 percent of net income, 4 mills of net worth, or minimum calculated tax

Commercial Activities Tax: 60 perdent of 0.26 percent of net state gross receipts

Sales and Use Tax: 5.5 percent on retail sales and rental of tangible personal property, on repair or installation of such property, and on sale of selected services; counties and transit authorities may impose sales and use taxes up to 2 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
Community development block grants
Revolving loan funds
Enterprise zones
Minority business development financing
Ohio Investment Training Program
Enterprise Bond Program
Job Creation Tax Credit
Ohio Chart
SPONSOR PROFILES:
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