Ohio Business Climate Improvement
Ohio’s implementation of sweeping business climate reform has eliminated any impediments to business location or expansion in the state. Due to 21st-century reform, Ohio is on track to offer the lowest taxes in the Midwest, after full implementation of tax reform in 2010.
Making a commitment to eliminate a burdensome tax system, Ohio in 2005 implemented full-scale, sweeping tax reform. Ohio’s new business taxation model will mean a reduction in tax burden of up to 63 percent by 2010, the first year reform is fully implemented. For more on Ohio’s Tax Reform or to download the Year One in Review brochure click here.
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.
For more on Ohio’s Tort reform click here.
October 30th, 2007, No Comments
The answer is a resounding Yes. I have completed a lot of research on the subject and have compiled a great reference library. The research studies, articles and testimonials and other resources collected will provide business leaders with compelling evidence for why they should consider the pursuit of better balance for themselves and their employees to be a key element of their business growth strategy. Visit often as we'll be refreshing this site to showcase thought leaders on work life balance, the benefits of balance to business owners and how they're finding it in Ohio.
Do you believe work:life balance is an important factor in determining a location for a capital investment?
What is your community, region and state doing to improve work:life balance for residents?
What are you doing as a company to improve work:life balance for your team?
Please share your comments and experiences.
October 30th, 2007, No Comments
I recently spoke with Stan Anhalt, executive director of the Ohio Supercomputer Center, regarding the impact of a location’s technological infrastructure on the potential success of a business. Here is what I learned.
Stan was recently in California giving a talk to an audience of high performance computing experts. In his presentation he made the claim that Ohio has the best “cyberinfrastructure” in the nation and then asked the audience if the statement was accurate in their opinion. The collective perspective was yes. In Ohio, the creation of this world-class cyberinfrastructure has been enabled by a strong and forward-thinking public-private collaboration.
Do you believe a world-class cyberstructure should be a key consideration in making a location choice for capital investment?What is your experience in gaining access to the technical infrastructure your company requires to be successful?
Take a moment and provide a comment sharing your point-of-view.
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October 30th, 2007, No Comments
I have been reading about more and more locations like Georgia running out of drinking water because of drought conditions and I wanted to learn more about Ohio's fresh water supply. I recently spoke to Linda Abraham-Silver, executive director of the Great Lakes Science Center, regarding the topic and found the conversation very interesting.
Linda indicated that water is a natural resource more precious than oil as it is required for life. If water is the "new oil," then Ohio is the new equivalent of Saudi Arabia. Ohio has access to the world's second largest supply of fresh water, roughly 20 percent of all the fresh water on the planet. This is going to be an amazingly important competitive advantage for Ohio's economy as demand for fresh water increases globally.
Do you currently view water supply as an important site selection factor?
What other non-traditional criteria are part of your decision process?
Let me know what you think.
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October 30th, 2007, No Comments
Ohio is leveraging next generation technology to stimulate innovation in the aerospace industry and create new jobs. I have become aware of a new project by Boeing-Heath that uses virtual reality technology to revolutionize the manufacturing process for aerospace products throughout the state and the entire Midwest.
The $1.25 million Virtual Manufacturing Center (VMC) will be located at the Central Ohio Aerospace and Technology Center (COATC) in Licking County. Project funding includes a $500,000 state-local incentive package and a $200,000 Rapid Outreach Grant through the Ohio Department of Development.
Does this type of investment by Ohio make the state more attractive in terms of site location and business expansion? Did you know Ohio is the leading location for aerospace innovation?
Let me know what you think.
