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.
Economic development financing
Direct loans for land and buildings
Enterprise bond funds
Tax credits and abatements
Workforce training grants