POPULATION: 11,486,800 (estimate)
LABOR FORCE: 5,947,000 (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) 23.3% (2007)
BASIC BUSINESS TAXES:
Commercial Activities Tax: 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 Workforce Guarantee
Enterprise Bond Program
Job Creation Tax Credit