Reduce Operating Costs
A business-friendly tax environment is an absolute must in today’s economy. In Ohio, we’re doing something about it. Ohio’s recent tax reform has lowered business tax burdens, eliminating taxes on inventory, corporate profit and investments in equipment. Ohio is one of the top five states ranked with the lowest effective tax rate on new investment.
Ohio's new taxation system means businesses can:
Ohio's tax on new investment
With these reforms, Ohio and communities like Sidney will become even more competitive. Ohio's favorable business climate and high quality of living, combined with low business and personal costs, make us an increasingly viable location for business growth.
An Ernst & Young analysis of key manufacturing and service industries in these Midwestern states -- Illinois, Indiana, Michigan, Minnesota, and Wisconsin -- found that: