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Inward Investment Guides

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

Manufacturing in America: Bigger, Better and Bolder

Mark Crawford (Q1 2014)
American manufacturing is on the upswing, with advances in innovation and productivity buoyed by decreased energy and transportation costs, and new efforts to increase work force skills. More

Optimizing Economic Growth in Shale Zone Communities

Bruce Rutherford, International Director, Global Energy Practice Leader, Jones Lang LaSalle (Q1 2014)
The ability to access oil and natural gas reserves found in the nation’s shale regions has presented new opportunities for economic growth along with a host of infrastructure and real estate challenges. More

Primer: The Impact of Taxes & Incentives on Data Center Locations

Chris Schastok, Vice President, Economic Incentives Group (EIG), CBRE, Inc. (Q1 2014)
Many states and communities are using incentives to lure data centers and establish clusters of these facilities, which, in turn, stand to benefit from tax breaks and cash grants for necessary infrastructure improvements. More

Regional Report: Slow But Steady Economic Climb for the Midwest

 (Directory 2014)
You’re not likely to find explosive growth in the Midwest, but the region’s economy is advancing at a healthy, steady pace with strategic plans to enhance investment in place. More
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Around The Web
 
Studies/Research
News Items
 
Around The Web
 
Studies/Research

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%