Eligibility
Industrial or commercial (non-retail) projects which involve
interstate competition for business and employment;
inducement for business growth in Ohio.
Incentive/Benefit
Refundable tax credit of up to 100% for up to 10 years on a
company’s corporate franchise tax, based on the State
personal income tax receipts from the projected new
employees to Ohio.
Requirements
Creation of at least 25 new full-time Ohio jobs, with an
average hourly wage rate of at least 150% of Ohio’s minimum
wage ($7.73 in 2004).
