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Ohio Resources Page
Inward Investment Guides

Ohio’s Economy Emerges from Recession While Building a Pro-Business Reputation

Steve Stackhouse-Kaelble (Q3 2014)
Ohio benefits from access - access to markets, access to workforce, access to suppliers, and access to customers – and, regional developers are embracing the challenge of getting the word out about the area’s business advantages. More

Front Line: Light Manufacturers Create a Unique Supply Chain in Central Ohio

Cynthia Kincaid , Kincaid Strategic Partners (Q3 2014)
At the New Albany Personal Care and Beauty Innovation Campus, a cluster of manufacturing businesses are working together as a supply chain to create a wide variety of packaged healthcare and beauty products – all developed and completed at the same business park and then shipped all over the world. More

First Person: A California Pioneer Brings Source Manufacturing Jobs Back to Ohio

Ulrich Honighausen, CEO, hausenware, inc. (Q3 2014)
A designer and sourcer of tableware for several large U.S. retailers has opened up a new pottery-making firm that utilizes local skilled talent to manufacture products for the American market. More

Closing the Gap Between Manufacturing Employers’ Needs and Workers’ Skills

Dave Claborn , Director of Development and Community Relations, Ohio State University, Marion (Workforce 2014)
A resurgent manufacturing sector, and shifting workplace technology, has government, business, and academic leaders combining to build a modernized system of work and learning capable of equipping the workforce for 21st century careers. More

The Production and Corporate Headquarters Connection

John Minervini, Executive Director, Cushman & Wakefield of California, Inc. (Q2 2014)
In many key sectors, the initial alignment of corporate and production operations has shaped regions and influenced the industrial landscape in a very permanent way. More

Helping Foreign Investors in the U.S. Satisfy Their Work Force Needs

Dave Claborn , Director of Development and Community Relations, Ohio State University, Marion (Location USA 2014)
From German-style apprenticeship programs to mobile technology labs, U.S. communities are providing their work forces with the skills needed for global success. More

When “Global” Becomes “Local” - And Why It’s a Good Thing

Nancy McLernon, President & CEO, Organization for International Investment (OFII) (Location USA 2014)
Examples abound of foreign firms that have “insourced” their operations to the U.S., helping their companies to prosper and the communities in which they locate to thrive. More

Ohio Direct Financial Incentives 2014

Area Development Online Research Desk (Q1 2014)
Ohio's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. More

OHIO at a glance

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

Principal Manufacturing industries

  • Transportation Equipment
    15.8%
  • Fabricated Metal Products
    15.3%
  • Machinery
    11.1%
  • Food
    8.5%
  • Plastics
    8.0%
  • Chemicals
    6.4%
  • Primary Metals
    6.0%
  • Electronic Equipment
    4.1%
  • Printing
    3.1%
  • Other Manufacturing Industries
    21.7%