Business incentives
Ohio boasts an impressive menu of incentive offerings to attract and retain business. State and local tax incentives, grants and low-interest financing offer businesses the opportunity to reduce risk while encouraging investment in Ohio.
Taxation incentives
- Ohio Job Creation Tax Credit
- Ohio Job Retention Tax Credit (pdf)
- Ohio Research and Development Investment Tax Credit
- Training Tax Credit
- Ohio Manufacturing Machinery & Equipment Investment Tax Credit/Grant Program
- Technology Investment Tax Credit
- Research and Development Sales Tax Exemption
- Manufacturing Machinery & Equipment Sales Tax Exemption
- Warehouse Machinery & Equipment Sales Tax Exemption
- Warehouse Inventory Tax Exemption
- Enterprise Zones
- Community Reinvestment Areas
Grants
Ohio Research Commercialization Grant Program
The Ohio Research Commercialization Grant strives to improve the ability of small technology companies to assess and realize the commercial potential of research projects, and to promote the competitiveness of these companies through the augmentation of federal research and development funding. The Ohio Research Commercialization Grant is a primary component of Ohio technology company assistance.
Emerging technologies funding
Several additional grant opportunities are available for high-tech business initiatives, both in conjunction with higher education and other non-profit research institutions and for companies individually, as part of Ohio's investment in next-generation industry leaders.
Grants are available through:
- Wright Centers of Innovation
- Wright Projects
- Biomedical Research and Technology Transfer Partnership Program
- Fuel Cell Program
- Validation Fund and Seed Fund Initiative
- Product Development Pilot Program
Business Development Grants
Business Development Grants are available to companies to defray investments in acquisition of machinery and equipment and other infrastructure improvement.
Alternative Fuel Transportation
Businesses are eligible to apply for grant funding to assist the purchase and installation of alternative fuel facilities. Current fiscal year funding available is $900,000.
