Growth
Ohio is fertile ground for bioscience creation
Global
Join the international bioscience community
1,000 foreign-owned bioscience facilities from 28 countries operate in Ohio. You’ll be in good company and enjoy phenomenal support.
Taxes
Keep more of your revenue
In the last five years, Ohio has lowered business tax burdens by more than half, eliminating taxes on inventory, corporate income and investments in equipment.
Effective tax rate on new investment in Ohio, ranking Ohio 3rd in the U.S. based on recent analysis by Ernst & Young.
Download Fact Sheet (3.7MB PDF)
Funding
Get Access to Serious Capital
Fund your business. Enhance your manufacturing processes. Commercialize your research. Ohio offers countless ways to quickly access capital and collaborate. Here are just a few.
Innovation Ohio Loan Fund
Low-interest financing for acquisition, construction and related costs of technology, facilities and equipment.
Research Commercialization Grant Program
R&D funding for accelerated commercialization by small companies.
Entrepreneurial Signature Program
Growth acceleration for early-stage Ohio technology companies through this network of services and capital.
Workforce
Attract and retain the talent you need
Ohio employs more than 62,000+ professionals at more than 1,300 biohealth firms, in more than 1,800 locations around the state. Includes Fortune 500 giants Cardinal Health (the state’s largest biohealth company), Abbott Nutrition, P&G Healthcare, Battelle, Ethicon Endo-Surgery, STERIS and Omnicare.
Education
Aligned with the demands of modern business
Ohio’s public and private universities supply well-prepared employees to our workforce. And robust academic/industry collaboration helps commercialize technology and spur innovation. You’ll find biohealth programs at several institutions, including:
Leadership
Be where the world looks first
Cleveland Clinic’s ranking in Cardiology and Heart Surgery by U.S. News and World Report’s 2011-2012 Best Hospitals.
R&D
Labs and talent focused on rapid innovation
17% of All Clinical Trials in the U.S. are hosted right here in Ohio, 1st in the Midwest U.S. and 7th nationally. In early 2011, 3,850 trials were in progress in Ohio. Our state is home to more than 640 medical and testing labs (more than any other state) and to 600+ manufacturers of medical device and equipment (2nd most in the U.S.).
Location
World-class logistics that help your business thrive
Get to market faster. Ohio is recognized globally for its fast, effective routing of goods and services worldwide. Multi modal and centrally located, Ohio’s logistical infrastructure is designed to move parts and products in and out remarkably fast.
Site Selection
Narrow your building and location choices
Discover why Site Selection magazine picked Ohio as the top state to locate a business four years in a row. JobsOhio Consultants will quickly provide the economic, geographic and other data you need to make an informed decision, and connect you with the industry, funding and political partners you need to move fast.
Partners
Maximize your marketability
The spirit of cooperation and collaboration within Ohio’s biohealth community –in business, research and higher education – is central to our industry’s leading position.
These are just a few of the leading biohealth corporations with significant operations in Ohio.
These and other local organizations foster research and collaboration among Ohio's biohealth leaders.
This sector applies life sciences knowledge, biochemistry, and biotechnologies to the processing of agricultural goods and production of organic and agricultural chemicals. It has the largest economic impact of Ohio’s biohealth.
Ohio is home to more than 640 medical and testing laboratories throughout the state. Total medical and testing laboratories nearly doubled between 2000 and 2009, accounting for 60 percent of the total increase in overall locations.
Medical device and equipment manufacturers represents the largest subsector of Ohio’s biohealth industry in terms of direct employment, with more than 22,000 employees. It represents $1.4 billion in payroll for the state.
Employment and payroll in this subsector is the fastest growing, with an average annual increase of 7.8 percent in employment and 6 percent in payroll over the last ten years. The average wage in is more than $74,000.
R&D in Ohio’s biohealth sector is anchored by Ohio-based Battelle Memorial Institute, the world’s largest independent R&D organization. Ohio universities and colleges also conduct groundbreaking biohealth research that is often leveraged by the business community.
