When you locate in Ohio, you'll build a profitable business. And you'll enjoy a rich, full life.

Ohio is redefining its business climate. Long recognized as an effective place to do business simply because of its location, Ohio's historic resource-rich workforce and logistics assets with new tax reform and strong incentive packages moves the state to the front of the line when lined up against national rivals. Ohio won Site Selection magazine's Governor's Cup four consecutive years (2006-09) and placed second in 2010. This coveted award is presented each year to the U.S. state achieving the greatest number of business expansions for the year.

Invest in Ohio and enjoy these key benefits:

• Easy access to profitable markets lowers your costs of doing business.
• A strong supply chain across numerous key industries improves your efficiencies and profits.
• An abundant, skilled labor supply improves productivity, quality and profit.
• Public-private support eliminates obstacles, accelerates start-up and feeds business growth.
• Ohio's outstanding quality of life attracts and retains the best talent for your company.

Click here for an overview of Ohio's Key Benefits and how you can find your state of perfect balance.

Tax Reform
Today, your competition comes from every corner of the world, and your business needs every advantage to survive and prosper. With that in mind, Ohio lawmakers dramatically revamped the state’s tax structure, creating the lowest rates in the Midwest and an extremely profit-friendly business climate for companies that locate here. Ohio also boasts a number of grants and incentives to keep your business competitive. Ohio provides the tools you need to win in a global economy.

Ohio's favorable business climate and high quality of living, combined with low business and personal costs, make the state an increasingly viable location for business growth.

Tort Reform
Legislation signed into law in 2004 has established Ohio as a state leader in tort reform limiting damages plaintiffs may collect in civil lawsuits, which if left unchecked can prove costly to business.

Targeting unquantifiable damages such as pain and suffering, Ohio's tort reform caps noneconomic damages at three times the economic loss (up to $350,000), or $250,000, whichever is higher.

Ohio tort reform also:

• Allows judges to reduce awards they deem excessive
• Limits punitive damages to no more than double economic damages
• Lowers limits on punitive awards against small businesses - capped at double the economic damage or 10 percent of the business net worth, whichever is smaller
• Voids liability if products meet government standards

Business Incentives for Growing Companies
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.
www.ohiomeansbusiness.com/cost/incentives.php