Ohio

Quick Facts

Ohio Governor John R. Kasich

Ohio Governor John R. Kasich

 

  • Capital: Columbus
  • Population (2012 Est.): 11,544,225
  • Largest Cities (2012): Columbus, 809,798; Cleveland, 390,928; Cincinnati, 296,550; Toledo, 284,012
  • Targeted Industries: IT, Aerospace, Automotive, Chemicals & Polymers, Financial Services, Agribusiness, Advanced Manufacturing, Energy
  • GDP (All Industry 2012): $509.3 billion*

*Bureau of Economic Analysis, U.S. Department of Commerce

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Incentives

Ohio’s competitive and profitable business environment makes it easier for companies to expand or relocate in the state with solid financial footing. Their strategic location and pro-business climate brings together a full range of benefits from low-cost access to customers, and a comprehensive supply chain to streamlined regulatory processes and assistance programs that align with a growing company’s financial needs.

FINANCING

JobsOhio Loan and Grant Programs: JobsOhio focuses its efforts on nine industry sectors that drive Ohio’s economy. These include: Advanced Manufacturing, Aerospace and Aviation, Agribusiness and Food Processing, Automotive, Biohealth, Energy, Financial Services, Information Technology, Polymers and Chemicals and Business Functions. It is funded with the profits from the State’s wholesale liquor enterprise. This source provides dedicated, flexible and sustainable funding to support Ohio business growth and job creation. Program decisions are based on a number of project factors, including but not limited to job creation, additional payroll, fixed-asset investment commitment, project return on investment and project location.

  • JobsOhio Growth Fund Loan: Provides capital for expansion projects to companies that have limited access to funding from conventional, private sources of financing. JobsOhio will consider loans to companies that are in the growth, established or expansion stage, and that have generated revenues through a proven business plan.
  • JobsOhio Economic Development Grant: Created to promote economic development, business expansion and job creation by providing funding for eligible projects in the State of Ohio.
  • JobsOhio Workforce Grant: Created to promote economic development, business expansion and job creation by providing funding for the improvement of worker skills and abilities.

For additional information on JobsOhio programs please visit jobs-ohio.com.

Research and Development Investment Loan Fund: Provides loan financing between $500,000 and $5 million for projects primarily engaging in research and development activity. Rates are fixed (at- or below-market rates) with other loan terms similar to those of commercial bank financing. Companies receive a dollar-for-dollar, non-refundable Ohio commercial activity tax credit for principal and interest payments made during the year up to $150,000 during the loan term.

Ohio Enterprise Bond Fund: Provides revenue bond financing through an S&P rated fund, whereby proceeds from the sale of bonds are loaned to companies for fixed-rate, long-term capital asset financing. Rates are market-driven and fixed prior to funding. Loan terms range between seven to 10 years for equipment and 15 to 20 years for real estate. Up to $10 million in financing is available through the program for eligible projects.

166 Direct Loan: Provides loans for land and building acquisition, construction, expansion or renovation, and equipment purchases for eligible businesses. The program provides low-interest loans up to 40% not to exceed $1.5 million.

Regional 166 Direct Loan: Provides loans for land and building acquisition, construction, expansion or renovation, and equipment purchases for eligible businesses. Regional economic development agencies administer the program. It provides low-interest loans up to 75% collateral value, not to exceed $500,000.

Innovation Ohio Loan Fund: Provides loans for acquisition, construction and related capital costs of technology, facilities and equipment purchases. The fund was created to assist existing Ohio companies in developing next-generation products and services within the state’s Industry Sectors up to 75% ranging from $500,000 to $1.5 million.

Roadwork Development (629): Roadwork Development (629) funds are available for public roadway improvements, including engineering and design costs. Funds are available for projects primarily involving manufacturing, research and development, high technology, corporate headquarters and distribution activity. Projects must create or retain jobs. Grants are reimbursable and provided to a local jurisdiction and require local participation.

TAX INCENTIVES

Job Creation Tax Credit: A refundable tax credit to companies creating at least 10 new jobs (within three years) with a minimum annual payroll of $660,000 that pay at least 150% of the federal minimum wage. The tax credit is measured as a percentage of the state income tax withholdings for all new employees hired under the program, and is applied toward the company’s commercial activity tax liability (CAT). Should the amount of the credit exceed the company’s CAT liability for any given year, the difference is refunded. A business must apply for the credit before committing to the project. Applicants must be approved through the Ohio Tax Credit Authority before hiring begins.

Ohio Enterprise Zone Program: Provides real property tax incentives for businesses that expand or relocate in Ohio. To establish an Enterprise Zone, a municipality or county must apply to the Director of Development for certification. To secure benefits, businesses must apply to the local community. Certain qualifying businesses may be eligible for additional benefits.

Community Reinvestment Areas: The Community Reinvestment Areas provide companies locating in a designated Community Reinvestment Area an exemption of up to 100% of improvement value for up to 15 years on real property taxes. To be eligible, a company must make an agreement with the local community prior to going forward with the qualifying project.

Research and Development Investment Tax Credit: Provides a non-refundable tax credit up to 7% for qualified research and development expenses. Qualifying expenses fit into two categories: in-house research expenses, and contracted research expenses. Any unused portion of a tax credit may be carried forward for up to seven years.

Volume Cap: Provides a federal tax benefit by allowing eligible issuers to issue tax exempt Private Activity Bonds up to a state limit known as the Volume Cap.” The State of Ohio’s allocation of Volume Cap is determined annually by the Internal Revenue Service on a per capita basis, and may be used for projects consisting of multi-family housing, single-family housing, exempt facilities, manufacturing and student loan bonds.

For additional information on state programs please reference the Ohio Development Services Agency at development.ohio.gov.

State Listings

  • JobsOhio



    41 South High Street, Suite 1500
    Columbus, OH 43215
    P: 614-224-6446
    [email protected]
    www.jobs-ohio.com
  • Ohio Development Services Agency

    David Goodman
    Director
    77 South High Street, P.O. Box 1001
    Columbus, OH 43215
    P: 614-466-3379
    [email protected]
    www.development.ohio.gov
  • Ohio Economic Development Association

    Jamie Beier-Grant
    At Large Director
    8043 West State Route 163, Suite 100
    Oak Harbor, OH 43449
    P: 419-898-6242
    [email protected]
    www.ohioeda.com

Utility Listings

  • American Electric Power

    Tim Wells
    Economic Development Manager
    311 London Road
    Delaware, OH 43015
    P: 740-368-7139
    [email protected]
    www.aep.com
  • American Municipal Power, Inc.

    Robert DeWitt
    Director, Business Development
    1111 Schrock Road, Suite 100
    Columbus, OH 43229
    P: 614-540-0849
    [email protected]
    www.searchampsites.com
  • Buckeye Power

    Dennis Mingyar
    Economic Development Director
    6677 Busch Boulevard
    Columbus, OH 43229
    P: 614-846-5757
    [email protected]
    www.buckeyepower.com
  • Duke Energy Ohio and Kentucky

    David O. Smith
    Director, OH/KY Economic Development
    P.O. Box 960
    Cincinnati, OH 45201
    P: 513-629-5931
    [email protected]
    www.locationcincinnatiusa.com
  • FirstEnergy Corp.

    Melissa Frank
    Senior Economic Development Executive
    1910 West Market Street
    Akron, OH 44313
    P: 330-436-4122
    [email protected]
    www.firstenergycorp.com

Regional Listings

  • Cincinnati USA Regional Chamber

    Karsten Sommer
    Director, Economic Development
    441 Vine Street, Suite 300
    Cincinnati, OH 45202
    P: 513-579-3131
    [email protected]
    www.cincinnatichamber.com
  • Columbiana County Port Authority

    Tracy V. Drake
    Chief Executive Officer
    1250 Saint George Street
    East Liverpool, OH 43920
    P: 330-386-9051
    [email protected]
    www.ccpa-ohioriver.com
  • Columbus 2020

    Kenny McDonald, CEcD
    Chief Economic Officer
    150 S. Front St., Suite 200
    Columbus, OH 43215
    P: 614-225-6060
    [email protected]
    columbusregion.com
  • Dayton Development Coalition

    Marty Hohenberger
    Vice President, Business Development
    40 North Main Street, Suite 900
    Dayton, OH 45423
    P: 937-229-9087
    [email protected]
    www.daytonregion.com
  • Findlay Hancock County Economic Development

    Anthony P. Iriti
    Director
    123 East Main Cross Street
    Findlay, OH 45840
    P: 419-422-3313, ext. 125
    [email protected]
    www.findlayhancocked.com
  • Greater Akron Chamber

    Richard F. Rebadow
    Executive Vice President
    One Cascade Plaza, 17th Floor
    Akron, OH 44308
    P: 330-376-5550
    [email protected]
    www.greaterakronchamber.org
  • Greater Cleveland Partnership

    Shawn Davis
    Director, Business Development
    1240 Huron Road E, Suite 300
    Cleveland, OH 44115-1722
    P: 216-592-2324
    [email protected]
    www.gcpartnership.com
  • Northeast Ohio Trade & Economic Consortium (NEOTEC)

    Ron DeBarr
    President & CEO
    P.O. Box 5190
    Kent, OH 44242
    P: 330-672-4080
    [email protected]
    www.neotec.org
  • Team NEO

    Christine Nelson
    Vice President, Regional Business Development
    737 Bolivar Road, Suite 2000
    Cleveland, OH 44115
    P: 216-363-5414
    [email protected]
    www.clevelandplusbusiness.com

County Listings

  • Brown County Department of Economic Development

    Kelly Cole
    Director
    325 West State Street, Building B
    Georgetown, OH 45121
    P: 937-378-3536
    [email protected]
    www.county.brown.oh.us/
  • Cambridge-Guernsey County Community Improvement Corporation

    Norm Blanchard
    Economic Development Director
    806 Cochran Avenue
    Cambridge, OH 43725
    P: 740-432-1881
    [email protected]
    www.cgccic.org
  • Carroll County Chamber of Commerce

    Amy Rutledge
    Director
    61 North Lisbon Street, P.O. Box 277
    Carrollton, OH 44615
    P: 330-627-4811
    [email protected]
    www.carrollohchamber.com
  • Darke County Economic Development

    Marc Saluk
    Director of Economic Development
    537 South Broadway, Suite 201
    Greenville, OH 45331
    P: 937-548-3250
    [email protected]
    www.darkecounty.com
  • Defiance County Economic Development

    Jerry Hayes
    Executive Director
    1300 E. Second Street, Suite 201
    Defiance, OH 43512
    P: 419-784-4471
    [email protected]
    www.defecon.com
  • Fulton County Economic Development

    Lisa Arend
    Director
    123 Courthouse Plaza, Suite 2
    Wauseon, OH 43567
    P: 419-337-9215
    [email protected]
    www.fultoncountyoh.com/econdev
  • Grow Licking County CIC

    Dan Evers
    Economic Development Director
    50 West Locust Street
    Newark, OH 43055
    P: 740-345-9757, ext. 3
    [email protected]
    www.growlickingcounty.org
  • Hamilton County Development Company

    Barry Strum
    Senior Development Specialist
    1776 Mentor Avenue, Suite 100
    Cincinnati, OH 45212
    P: 513-458-2212
    [email protected]
    www.hcdc.com
  • Lorain County Community Development

    Ashley Scott
    Economic Development Specialist
    226 Middle Avenue
    Elyria, OH 44035
    P: 440-328-2329
    [email protected]
    www.lcgp.net
  • Lucas County Economic Development Corporation

    Theodore M. Foreman, Jr.
    Business Outreach & Assistance Manager
    2 Maritime Plaza, Ground Floor
    Toledo, OH 43604
    P: 419-213-4537
    [email protected]
    www.lcedc.net
  • Marion CAN DO!

    Dan Burkhart
    Interim Director
    205 West Center Street
    Marion, OH 43302
    P: 740-387-2267
    [email protected]
    www.marioncando.com
  • Preble County Development Partnership, Inc. (PCDP)

    Shawnda Combs
    Economic Development Director
    119 South Barron Street
    Eaton, OH 45320
    P: 937-456-2757
    [email protected]
    www.preblecountyregion.com/
  • Union County Economic Development Partnership

    Eric S. Phillips
    Executive Director, Economic Development
    227 East 5th Street
    Marysville, OH 43040
    P: 937-642-6279
    [email protected]
    www.unioncounty.org
  • Wayne Economic Development Council

    Rod Crider, CEcD, CCE
    President
    542 E. Liberty St.
    Wooster, OH 44691
    P: 330-264-2411
    [email protected]
    www.waynecountyedc.com/businessfacilities

City Listings

  • Ashland Area Council for Economic Development

    Kathryn Goon
    Executive Director
    206 Claremont Avenue
    Ashland, OH 44805
    P: 419-289-3200
    [email protected]
    www.ashlanded.com
  • Barberton Community Development Corporation

    Scott Wagner
    Executive Director
    139 East Tuscarawas Avenue
    Barberton, OH 44203
    P: 330-745-3070
    [email protected]
    www.bcdc.org
  • City of Columbus Department of Development

    Steven Schoeny
    Director of Development
    50 West Gay Street, 3rd Floor
    Columbus, OH 43215-2821
    P: 614-645-8585
    [email protected]
    www.development.columbus.gov
  • City of Dayton Office of Economic Development

    Mary Faulkner
    Senior Development Specialist
    101 West 3rd Street, Suite 430, P.O. Box 22
    Dayton, OH 45401-0022
    P: 937-333-3634
    [email protected]
    www.cityofdayton.org
  • City of Forest Park

    Paul Brehm
    Economic Development Director
    1201 West Kemper Road
    Forest Park, OH 45240
    P: 513-595-5207
    [email protected]
    www.forestpark.org
  • City of Hamilton

    Jody Gunderson
    Director of Economic Development
    345 High Street
    Hamilton, OH 45011
    P: 513-785-7070
    [email protected]
    www.hamiltonohiobusiness.com
  • City of Hudson, Economic Development Department

    Charles E. Wiedie (EDFP)
    Economic Development Director
    115 Executive Parkway, Suite 400
    Hudson, OH 44236
    P: 330-342-1893
    [email protected]
    www.hudson.oh.us
  • City of Mason

    Michele Blair
    Economic Development Director
    6000 South Mason Montgomery Rd.
    Mason, OH 45040-3706
    P: 513-229-8510, ext. 1010
    [email protected]
    www.imaginemason.org
  • City of Moraine

    Michael W. Davis
    Economic Development Director
    4200 Dryden Road
    Dayton, OH 45439-1432
    P: 937-535-1034
    [email protected]
    www.ci.moraine.oh.us/index.php
  • City of Oberlin

    Gary Boyle
    Director of Planning & Development
    City Hall, 85 South Main Street
    Oberlin, OH 44074
    P: 440-775-7250
    [email protected]
    www.cityofoberlin.com
  • City of Stow

    Ken Trenner, AICP
    Economic Development Coordinator
    3760 Darrow Road
    Stow, OH 44224-4038
    P: 330-689-2819
    [email protected]
    www.stowbusiness.org
  • City of Strongsville

    Brent Painter
    Director of Economic Development
    16099 Foltz Parkway
    Strongsville, OH 44149
    P: 440-580-3118
    [email protected]
    www.strongsville.org
  • CityWide Development Corporation

    Janet White
    Housing & Economic Development Services Director
    8 North Main Street
    Dayton, OH 45402
    P: 937-853-2541
    [email protected]
    www.citywidedev.com
  • Columbus Chamber of Commerce

    Somers L. Martin
    Director, Business Development Services
    150 South Front Street, Suite 200
    Columbus, OH 43215
    P: 614-225-6919
    [email protected]
    www.columbus.org
  • Fairfield Economic Development Division

    Greg Kathman
    Economic Development Manager
    5350 Pleasant Avenue
    Fairfield, OH 45014
    P: 513-867-5345
    [email protected]
    www.fairfield-city.org
  • Grow Piqua Now

    Justin Sommer
    Executive Director
    326 North Main Street, P.O. Box 1142
    Piqua, OH 45356
    P: 937-778-8198
    [email protected]
    www.growpiquanow.org
  • Wapakoneta Area Economic Development Council (WAEDC)

    Gregory Myers
    Executive Director
    30 East Auglaize Street, P.O. Box 1716
    Wapakoneta, OH 45895
    P: 877-258-9335
    [email protected]
    www.whywapakoneta.com
  • West Chester Development Council

    Vicki Lynn Eldridge
    Business Information & GIS Technology Manager
    9577 Beckett Road, Suite 100
    West Chester, OH 45069
    P: 513-759-7227
    [email protected]
    www.westchesterdevelopment.com
  • Xenia Development Department

    Steve Brodsky
    Development Director
    101 North Detroit St.
    Xenia, OH 45385
    P: 937-372-7943
    [email protected]
    www.xenia-oh.gov