Ohio State Benefits Ohio’s business climate is very beneficial to large and small businesses. National surveys regularly rank Ohio’s business climate among the top five in the entire country. The largest industries in the state of Ohio are manufacturing and financial services. Ohio has also taken the lead in environmentally-friendly technology development and has been recognized as one of the country’s “green states” for its work in recycling and other environmentally-friendly technologies. The major industries in Ohio manufacture products from plastic, rubber and fabricated metals. The unemployment rate in Ohio is 4.8 percent, which puts on the low side of the national unemployment scale. The minimum wage in Ohio is $7.25 per hour, but it is scheduled to increase to $8.10 per hour in 2015. When Ohio raises its minimum wage, it will be above the national average. Ohio State Taxes The minimum income tax in the state of Ohio is 0.534 percent and the maximum income tax rate is 5.392 percent. Both the Ohio minimum and maximum income tax are on the low end of the national spectrum. Ohio’s 1.36 percent property tax rate ranks 11th in the country and the state’s 5.75 percent sales tax is only slightly higher than the national average.
|Address:||30 E. Broad Street, 32nd Floor, Columbus, OH 43215|
|Business Hours:||Monday through Friday 8:00 AM – 5:00 PM|