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AROUND THE WEB
NEWS ITEMS
AROUND THE WEB
Aetna to Add 245 New Jobs at Ohio Facility
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Ohio
Resources Page
First Person: Dr. Scott Rickert, President and CEO, NanofilmThe future of the United States depends on investment in nanotechnology. More |
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Solar Industry’s Bright FutureThe 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 |
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States Fund Renewable Energy ProjectsSixteen states have taken the lead in funding for renewable energy projects through tax and production incentives, rebates, grants, and loans. More |
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Smaller Towns Teaming Up Through Regional Economic Development PartnershipsMore second- and third-tier markets, both rural and suburban, are combining their economic development resources. More |
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State Contacts
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Ohio
At A Glance
POPULATION:
11,466,000 (2007 estimate)
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
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
LABOR FORCE: 5,987,000 (July 2008)
RIGHT TO WORK: NoTRADITIONAL INDUSTRIES: Manufacturing, services, trade
EXPANDING INDUSTRIES: Distribution, plastics, information/communications, transportation products, food processingCOLLEGE 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 percentProperty 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
SPONSOR PROFILES:
