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High – Speed Network Locations

Dale D. Buss, Staff Editor, Area Development (Directory 2016)
Cities across the nation are installing high-speed fiber-optic networks for their own institutional purposes, with the added benefit of attracting growing companies. More

Regional Report: Industrial Diversification Helps Midwest Meet Today’s Economic Challenges

Dale D. Buss, Staff Editor, Area Development (Directory 2016)
The largely Midwest-based automotive is humming along to record sales and hauling hundreds of companies in the region along with it while technology companies have begun to warm up to the talent and work ethic that resides in America’s heartland. More

Advanced Manufacturing Changing the Economic Landscape

Dale D. Buss, Staff Editor, Area Development (Q4 2015)
Across the country, states and localities are working with manufacturers to create and grow outposts for advanced manufacturing. More

Georgia Once Again Leads the 2015 Top States for Doing Business

Mark Crawford (Q3 2015)
An attractive business environment, quality labor pool, and well developed infrastructure are among the shared advantages of those states ranked by the location consultants as the top choices for business. More

Call Centers: Reshoring Instead of Offshoring

Dale D. Buss, Staff Editor, Area Development (Q3 2015)
Call centers are coming back to America, and flyover country is proving to be the biggest beneficiary in new jobs and overall boosts to local economies. More

Implications of Additive Manufacturing for the Auto Industry

Joshua Cregger, Project Manager, Center for Automotive Research (2015 Auto/Aero Site Guide)
Additive manufacturing is evolving from prototyping to diagnostic tools to the production of vehicle bodies, although it’s still not feasible for use on a large scale. More

Choosing the Optimal Site for an Aviation-Related Project

Von Hatley, Managing Director, Jones Walker Consulting, LLC (2015 Auto/Aero Site Guide)
If current trends continue, a conservative estimate reveals there will be more than 1,000 announcements of aviation-related projects in the United States over the next decade. The best location decisions will be made by project teams that not only look at the current overall costs, but also have a deep understanding of hidden site development costs, in addition to the long-term political/financial stability that a region can provide. More

2015 Gold & Silver Shovel Awards Recognizing Excellence in State Job Creation and Economic Development Efforts

Area Development Special Presentation (Q2 2015)
Area Development’s annual awards recognize individual states for their overall economic development effectiveness. This year, we honor 21 states for their achievements in 2014 in garnering investment and job creation with Texas, Georgia, Tennessee, South Carolina and Nevada awarded the Gold Shovel. More

OHIO at a glance

POPULATION: 11,570,808 Source: US Census, 2013 Population Estimates

LABOR FORCE: 5,765,704 Source: US BLS, 2013 annual, not seasonally adjusted

RIGHT TO WORK: No

TARGET INDUSTRIES: Advanced manufacturing, automotive, aerospace and aviation, biohealth, energy, financial services, information technology, agribusiness and food processing, chemicals and polymers

COLLEGE GRADUATES: Age 25 and over) 6.1%

BASIC BUSINESS TAXES:
Commercial Activities Tax: 0.26 percent of taxable gross receipts of more than $1,000,000 per calendar year is subject to this tax. Taxpayers with gross receipts between $150,000 and $1,000,000 in a calendar year must pay an annual minimum tax of $150 per year.

Sales and Use Tax:State sales and use tax rate is 5.75 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 8.75 percent. Exemptions for equipment purchases by manufacturing, logistics, and data centers.

Property Tax: Assessed by cities, counties, and school districts, collected by counties, on 35 percent of true value for real property. No personal property tax.

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
    17.3%
  • Fabricated Metal Products
    15.1%
  • Machinery Manufacturing
    11.6%
  • Food Manufacturing
    8.6%
  • Plastics and Rubber Products Manufacturing
    7.9%
  • Chemical Manufacturing
    6.5%
  • Primary Metal Manufacturing
    5.6%
  • Electrical Equipment, Appliance, and Component Manufacturing
    4.0%
  • Nonmetallic Mineral Product Manufacturing
    3.6%
  • Other Manufacturing Industries
    19.7%
Source: US Bureau of Labor Statistics