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P.O. Box 5190
Kent, OH 44242
Phone: 330-672-4080
or 800-793-0912
International: 001-330-672-4080
Email: mmorgan@neotec.org

State of Ohio Business Incentives

Ohio Means Business!

Thanks to sweeping tax reform undertaken in 2006, Ohio now has the third-lowest tax rates in the nation according to an April 2011 report by Ernst & Young LLP and the Council On State Taxation (COST).  Plus, Ohio has many incentive programs that show we're serious about attracting and retaining business.  These incentive programs include:

  • taxation incentives
  • grants
  • financing assistance
  • the Third Frontier program, Ohio's commitment to high-tech job creation and economic progress - which expands the availability of investment capital to form new companies, supports product innovation, facilitates commercialization of new products, and funds collaborative projects betwen private companies and Ohio colleges and universities 

Click here (Ohio Business Development Coalition) and here (Ohio Department of Development) for more information regarding state incentive programs.