Incentives and Tax Credits
The State of Ohio as well as the 16 counties of the Cleveland Plus region are committed to increasing your bottom line. Below you will find information about the many programs available.
State of Ohio Programs
County Incentives Programs
Ohio's business incentives reduce your risk
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.
Learn more about Ohio's incentive programs:
Taxation Incentives+
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Grants+
Shovel-Ready Site Certification
The was created in 2005 to bolster the State's inventory of available facility locations served by utility and transportation infrastructure. Sites improved under the program are certified by a third-party consulting firm as shovel-ready.
Each Job-Ready Sites Program grant is capped at $5 million and may be used to offset costs traditionally incurred in industrial and commercial site development, from acquisition of real property to utility upgrades to construction build-out of speculative facilities. Funds are directed strategically to achieve two equally important objectives: (1) to create sites filling gaps in Ohio's current site inventory and (2) to foster unique, catalytic re-investments in developed areas of the State. As such, JRS Program funds are available each year to a limited number of sites that offer Ohio's best opportunities for future large-scale development and/or re-use.
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. Learn more about .
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 funding to assist the purchase and installation of alternative fuel facilities. Current fiscal year funding available is $900,000.
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Financing Assistance+
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Third Frontier+
The is Ohio's largest-ever commitment to high-tech job creation and economic progress. Established in 2002, the 10-year, $1.6 billion initiative fosters the creation of high-paying jobs through innovation, research and development and the commercialization of next-generation products designed to improve the lives of Ohioans and people around the world.
The Third Frontier promotes economic growth by expanding the availability of investment capital needed to form new companies, supporting product innovation in established companies, facilitating commercialization of new products, funding collaborative projects between private companies and Ohio colleges and universities and nurturing Ohio's increasingly experienced pool of entrepreneurial management.
To date, Third Frontier's $6.3 million in investments have attracted $2.1 billion in private and federal investments to Ohio, directly assisted more than 370 early stage technology companies and retained or created more than 4,850 jobs with an average salary of nearly $60,000 per year.
The Third Frontier offers for emerging and established high-tech companies, including grants for pre-seed funding, research initiatives, product development and commercialization.
For a statewide list of Third Frontier success stories, click .