“Valuable capital has been sitting on the sidelines far too long and InvestOhio helps get these dollars into the game to help Ohio’s small businesses take advantage of the emerging economic recovery,” said Christiane Schmenk, Director of the Ohio Department of Development. “Governor Kasich and his team are pursuing innovative jobs-creation strategies like InvestOhio to recreate a jobs-friendly climate that will help get Ohio moving again in the right direction.”
InvestOhio encourages investments of up to $10 million in eligible small businesses in exchange for a 10 percent income tax credit for investments held for two years. Eligible small businesses must have less than $50 million in assets or less than $10 million in annual sales.
Pre-registration for InvestOhio began on November 14, 2011 to allow investors and small businesses to familiarize themselves with the program. Registrants are eligible to submit applications beginning at 8:00 a.m. on December 5, 2011 through the Ohio Business Gateway.
For more information on InvestOhio, along with helpful tutorials, visit InvestOhio.
About the Ohio Department of Development: Working with its partners across business, state and local governments, academia, and the nonprofit sector, the Ohio Department of Development works to attract, create, grow, and retain businesses through competitive incentives and targeted investments. Engaged every day in marketing, innovating, investing, and collaborating, the Ohio Department of Development works to accelerate and support the teamwork that is necessary for success by providing financial, informational, and technical assistance to those making an investment in Ohio’s future
 |
All comment postings require your name and email address for user verification only. Your email address will not be used or distributed for any other purpose.
No advertising is permitted and will result in the post being deleted and/or banning. Please click "REPORT" to report any inappropriate posts. blog comments powered by Disqus
Permission to Reproduce:
Unless otherwise stated, the copyright and similar rights to all material published on this website are owned by The Manufacturers Group Inc. DBA Manufacturing & Technology eJournal( mfrtech.com ). Reproduction of any article in print, electronic or any other form must acknowledge mfrtech.com as the Source and include a link to http://www.mfrtech.com
 |
