CEO Guide to the States

Ohio

BURYING THE “RUST BELT”

Ohio is a state that means business, and the world is taking notice, with the recent groundbreaking ceremony for two Intel giant semiconductor factories in New Albany creating global headlines. The $20 billion investment attracted President Joe Biden, who noted, “It’s time to bury the label ’Rust Belt’… ’Made in Ohio’ and ‘Made in America’ is not just a slogan. It’s happening.”

“By choosing Ohio, Intel has recognized what we have known all along: There is no better place to raise a family than Ohio. No better place to live, no better place to start or grow a business and no place to provide more opportunities than in the state of Ohio.”
Mike DeWine
Governor

TAXES

No corporate income tax

# 0

on the Tax Foundation’s State Business Tax Climate Index ranking

EDUCATION

0 %

of adults 25 years of age and older graduated high school

0 %

of adults age 25 and older have a bachelor’s degree or higher

UNEMPLOYMENT RATE

0 %

RIGHT TO WORK STATE

No

QUALITY OF LIFE

# 0

POPULATION GROWTH

0 %

increase between 2010 and 2020

KEY INCENTIVES

Job Creation Tax Credit (JCTC): Offers a refundable and performance-based tax credit calculated as a percentage of created payroll for businesses that create at least 10 jobs in three years with a minimum payroll of $660,000 and that pay at least 150 percent of the federal minimum wage.

Research and Development Investment Loan Fund: Offers loans of up to $5 million to projects engaged in R&D activity. Also offers a dollar-for-dollar, nonrefundable Ohio commercial activity tax credit for principal and interest payments made during the year up to $150,000 during the loan term.

Innovation Ohio Loan Fund: Offers loans of up to $1.5 million, covering up to 75% of construction, technology, facilities and equipment purchases.

EDCs

JobsOhio

jobsohio.com

City of Columbus Economic Development

columbus.gov/development/economic-development

City of Cleveland Economic Development

makeitincleveland.org

City of Cincinnati Community and Economic Developments

choosecincy.com

Team NEO

northeastohioregion.com

One Columbus

columbusregion.com

HIGHLIGHTED PROGRAM OR INITIATIVE

In September 2022, the Ohio Department of Job and Family Services announced that ApprenticeOhio sponsors and Ohio employers with registered apprentices in their workforce can apply for grants of up to $25,000 ($2,500 per apprentice for up to 10 apprentices) to help cover apprenticeship training costs incurred since July 1, 2020.

BIG DEALS

  • Procter & Gamble (P&G) announced in April 2022 a $501 million expansion and 135 new jobs in Lima.
  • Ford announced in September 2022 a $1.5 billion in- vestment and 2,000 new jobs at its facility in Avon Lake.
  • Intel broke ground in September 2022 on a $20 billion semiconductor factory that will create 3,000 jobs in New Albany.
  • ORBIS Corporation announced in October 2022 a $42 million expansion and 40 new jobs in Urbana.
  • Pixelle Specialty Solutions announced in October 2022 an investment of more than $21 million in upgrades and 52 new jobs in Chilpaco.
  • Honda and LG Energy Solution announced in October 2022 a $3.5 billion electric battery plant in Fayette County expected to create at least 2,200 jobs.

BIG COMPANIES

  • Cardinal Health
  • Marathon Petroleum
  • Kroger
  • Procter & Gamble
  • Progressive
  • Nationwide
  • Cleveland-Cliffs
  • Sherwin-Williams
  • Goodyear Tire & Rubber
Roundtable

Strategic Planning Workshop

1:00 - 5:00 pm

Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process

Executives expressed frustration with their current strategic planning process. Issues include:

  1. Lack of systematic approach (70%)
  2. Laundry lists without prioritization (68%)
  3. Decisions based on personalities rather than facts and information (65%)

 

Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns.  They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning.  Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process.  This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented.  If you are ready for a Strategic Planning tune-up, select this workshop in your registration form.  The additional fee of $695 will be added to your total.

To sign up, select this option in your registration form. Additional fee of $695 will be added to your total.

New York, NY: ​​​Chief Executive's Corporate Citizenship Awards 2017

Women in Leadership Seminar and Peer Discussion

2:00 - 5:00 pm

Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations. 

Limited space available.

To sign up, select this option in your registration form. Additional fee of $495 will be added to your total.

Golf Outing

10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS

General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.

The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.

To sign up, select this option in your registration form. Additional fee of $295 will be added to your total.