Entrepreneurship in Ohio
June 4th, 2009Tags: business climate, Motor Vehicle & Parts Manufacturing, Ohio, small business, Tax Reform
Ohio's supportive business climate makes the state attractive to many entrepreneurs in a variety of industries from automotive to polymers. The state's tax reform rewards entrepreneurial and start-up activity by not taxing a company's first $1 million in annual gross receipts. This helps new businesses become established and show an earlier profit. In addition, the state has many innovative programs and services helping Ohio entrepreneurs and small business owners, through effective communication, collaboration, creativity and technology support, encourage sustainable growth.
Ohio entrepreneur Dana Myers believes in Ohio and started Myers Motors in Tallmadge, Ohio.

The Meyers Motors NmG
Myers Motors is the only company in the U.S. producing and delivering affordable highway speed all-electric vehicles. Myers Motors' NmG (No more Gas) is America’s only all-electric, highway-legal, personal vehicle with a maximum speed of 75+ mph. It is a fully enclosed, single-passenger vehicle with two front wheels and a single drive wheel in the rear. With a 220-volt service, charging to 95 percent full can be accomplished in about 45 minutes. For those who don’t need the fast charging option, the NmG will plug into any 110 volt, 20 amp service outlet. A fully energized NmG will go 25 to 30 miles, the average distance people drive their car every day.
The history of the NmG goes back to the Corbin Sparrow produced by Corbin Motors. The Corbin Sparrow was flawed with a history of electrical and mechanical problems and quickly bankrupted its company. Dana Myers believed strongly that replacing gasoline-powered vehicles with electric ones can make the world a cleaner, better place. He bought Corbin Motors and started Myers Motors. Rechristened the NmG, Myers Motors offered the new redesigned electric vehicle for sale in 2006.
Dana lives in Silver Lake, Ohio with his wife, Barbara, and two children (one a sophomore in college and one a sophomore at Cuyahoga Valley Christian Academy in Cuyahoga Falls, Ohio). They attend Hudson Chapel, have been active with The Jesus Film Project and Walk Thru the Bible, and took their family to Africa four years ago to plant gardens in South Africa. Dana loves spending time with his family, reading and playing golf.
I recently had the opportunity to speak with Dana. Not only has Dana achieved professional success with Myers Motors, but he’s found that perfect work:life balance that only Ohio has to offer.
Click here to read more about my interview with Dana.


June 4th, 2009 at 9:09 PM
If you are a sole proprietor, you might be considering incorporating your small business. There are many reasons why small businesses turn to incorporation. It is more difficult for a sole proprietor to raise capital because they have no shares of their company to sell. It is also harder to get banks to finance your business venture.
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