Ideal Location for the 21st Century

Ohio is proactively redesigning the state’s business climate to be the ideal location choice for the 21st century. For example, Ohio’s new tax law makes it easier for companies to compete in the global economy:
•    Reduces operating costs - no tax on inventory or corporate income.
•    Enhances productivity - no tax on machinery or equipment.
•    Attracts talent - 21% reduction in personal income tax rate.
•    Boosts ROI - no tax on sales to customers outside of Ohio.
•    Rewards Risk - first $1 million in gross receipts are exempt.

The state’s favorable business climate and high quality of living, combined with low business and personal costs, make Ohio an increasingly viable location for business growth.

I recently spoke with James Hambrick, chairman, president and CEO at Lubrizol, about his thoughts on Ohio as a preferred location for capital investment. The Lubrizol Corporation, headquartered in Wickliffe, Ohio, is an innovative specialty chemical company that produces and supplies technologies that improve the quality and performance of products in the global transportation, industrial and consumer markets.

Click here for the complete interview with James Hambrick.

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• Published under Ohio Business Climate Improvement, Region 8 - Northern Ohio