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Available Tax Credits for Employers
Ohio Dept of Development - Tax Incentives
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The
Ohio Department of Development
(tax incentives)
provides a series of tax incentives for business. They range from Job Creation to Job Retention. We strongly suggest that you contact their home page directly (Ohio Department of Development) or contact our
Medina County Economic Development Department
for local assistance in obtaining a clear understanding of these incentive programs; as well as others offered, here in Medina County.
Ohio Job Creation Tax Credit
: Provides coporate franchise or state income tax credit for businesses that expand or locate in Ohio.
Ohio Job Retention Tax Credit
: Provides corporate franchise or state income tax credit for businesses that commit to retain a significant number of full-time jobs
Ohio Research and Development Investment Tax Credit
: Provides a nonrefundable tax credit against the corporate franshcise tax and is designed to encourage Ohio's corporations to invest in increased research and development activities.
Technology Investment Tax Credit
:
Offers a variety of benefits to Ohio taxpayers who invest small, research and development and technology oriented forms
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