The State of Perfect Balance
Canadian Investment in Ohio
Over 90 Canadian subsidiary operations exist in Ohio employing some 9,000. Reflecting Ohio’s diverse economy, Canadian investment can be found in industries such as:
Aerospace & Automotive components, Automation systems, Pharmaceuticals Development, Crude Oil & Metals Processing, and many others.
Business Development Incentives www.ohiomeansbusiness.com
Ohio offers a wide variety of incentive programs which support new and expanding investment within the state. Expansion investments of Acquired companies may also be eligible for support.
FINANCING (Land/Structure, Equipment, R&D): Bond and Loan
TAX CREDITS: Property Tax, Job Creation, R&D
TRAINING Support
Ohio Tax Reform
- Phased out the 8.5% Corporate Franchise (Profits) Tax in 2010
- Phase in of 0.26% Commercial Activities Tax (applies to Ohio gross sales only) in 2010
- 16.8% reduction in state personal income tax rates by 2010 from 2005 levels
- Tangible Business Property Taxes Eliminated (machinery/equipment, inventory)
2009 & 2008: Ohio Led the United States in New and Expanded Business Facilities
The State of Ohio is the proud recipient of the 2009 & 2008 Governor’s Cups from Site Selection Magazine.
This is Ohio’s fouth Governor’s Cup in a row.
“One of the reasons we have won the Governor’s Cup for the last 4 years,” says the Lt. Gov., “is that we have been operating on several simultaneous levels of economic development. The first is the tactical, or the everyday blocking and tackling of economic development, in which we have been very, very aggressive.”
During the last two years ODOD has funded more than 3,600 economic and community development projects that leveraged more than $14 billion in non-state investments. “We have assisted in the creation of more than 53,000 jobs and the retention of 195,000 jobs,” he adds. As of mid-February, about 800 economic development projects were in the pipeline. “If all of them were successful, we would leverage an additional $15 billion in private investments, create an additional 30,000 jobs and retain an additional 50,000 jobs.
Looking for an Ohio Building or Site?
Visit www.ohiomeansbusiness.com/ohioinsite/ , a comprehensive and searchable database of industrial sites and buildings throughout the State of Ohio, plus a wealth of other Site Selection information
OHIO FACTS
Ohio has a Population of 11.5 million making it the 7th most populated state in the U.S. The largest metropolitan area in Ohio is the Cleveland- Akron Combined Statistical Area with 3 million people. Other metropolitan areas with populations in excess of 500,000 include Cincinnati, Columbus, Dayton, Toledo, and Youngstown.
2010 GDP of US$ 478 Billion makes Ohio’s economy the 8th largest in the United States.
Ohio’s manufacturing sector produced $80.0 billion worth of goods – 4.7 percent of American manufacturing output in 2010
Ohio is located within 1,000km of 61% of the US population, 50% of the Canadian population, and 63% of US manufacturing facilities.
Ohio’s Key Industries
- Advanced Energy and Environmental Technologies
- Aerospace and Aviation
- Agriculture and Food Processing
- Bioscience and Bioproducts
- Corporate and Professional Services
- Distribution and Logistics
- Instruments, Controls, and Electronics
- Motor Vehicle and Parts Manufacturing
- Polymers and Advanced Materials
Location
Located in the heart of America’s industrial region, Ohio is strategically situated on the great inland waterways and crisscrossed by the interstate roadway system.
Ohio’s transportation infrastructure allows companies to take full advantage of its location:
Roadway: Ohio has the 3rd largest paved highway system and the 4th largest interstate highway system in the US.
Air: Ohio has 184 public airports, 3 air cargo hubs, and access to several international airports with direct connections to Europe.
Water: 90% of the state has ready access to water from lakes, streams and rivers. There are 9 ports on Lake Erie.
Rail: Ohio has more than 10,000 km of rail lines.
Looking for an Ohio Building or Site?
Visit www.ohiomeansbusiness.com/ohioinsite/ , a comprehensive and searchable database of industrial sites and buildings throughout the State of Ohio, plus a wealth of other Site Selection information.
