Opportunity
Be a part of the shale gas boom
A mile and a half underground in eastern Ohio is one of the most exciting U.S. energy opportunities in decades. Experts believe the Utica and Marcellus shale formations could produce enough natural gas to meet country’s needs for years to come. Leasing agreements are being created to allow exploration, drilling, production, pipeline construction and transport throughout the region.
A recent economic impact study suggests that over the next four years, as many as 200,000 jobs could be created as a result. Utica offers extraordinary potential — will you be among the companies to invest first?
Learn more from the Ohio Department of Natural Resources, or contact JobsOhio to discuss opportunities.
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
Ohio has invested hundreds of millions of dollars over the past 10 years to develop and promote advanced energy within the state, through programs that include:
Ohio Third Frontier Advanced Energy Program
Funding for emerging and established high-tech companies, including grants for pre-seed funding, research initiatives, product development and commercialization.
Ohio Job Stimulus Program for advanced energy
Channels funds that increase the development, production and use of advanced energy technologies in the state.
Ohio Advanced Energy Fund
Supports investments in renewable energy and energy efficiency projects in the industrial, commercial, agricultural, public and residential sectors.
Workforce
Attract and retain the talent you need
Ohio graduates thousands of “green collar” workers every year: Many universities and colleges in Ohio have implemented curricula, training and degrees that produce workers with advanced-energy expertise. The Ohio Workforce Office can ensure your company has the human talent it requires both now and into the future.
R&D
Labs and talent focused on rapid innovation
Ohio is a nexus of energy research that will help you get products to market more quickly and profitably.
Research and development expenditures at Ohio universities and colleges in recent years. And we’re home to Battelle Memorial Institute, the largest non-profit R&D organization in the world, and a principal in the National Renewable Energy Laboratory.
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. Fifteen graduate universities in Ohio created the University Clean Energy Alliance of Ohio (UCEAO) to accelerate energy-related research. Among Ohio’s schools offering programs that study advanced energy innovations:
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
Industry, government and educational communities here work together to make critical innovative leaps, produce the next generation of scientists and engineers and find the funding to make it all happen.
These are just a few of the leading energy corporations with significant operations in Ohio.
Collaboration is everywhere you look. Here are just a few of our major research leaders:
Ohio sits atop large portions of the Utica and Marcellus Shale Formations, a massive reserve the U.S. is only just beginning to tap. What made us an ideal home for the auto-industry supply chain is also true for natural gas: an established logistics infrastructure, skilled workforce, favorable tax structure and central location that lets you provide fast, just-in-time services to this growing sector.
Ohio boasts an impressive wind-energy manufacturing supply chain and sits in the middle of developing renewable-energy markets in the Northeast and Midwest. And Ohio’s solar industry is already shining brightly. Photovoltaic component materials have been made here a long time, and a cluster of manufacturers and research initiatives are internationally prominent and thriving.
Energy Services in Ohio are a critical part of keeping your business running cost effectively. And Ohio businesses often partner with industry leaders like AEP Ohio, First Energy, Duke Energy and Columbia Gas, among others.
