Business Courier...
Development agency details InvestOhio process
Tuesday, November 8, 2011 

Ohio is making $100 million in tax credits available in the program’s first two years. 

The Ohio Department of Development Tuesday announced a two-phase application process for InvestOhio, a tax credit program that aims to fuel $1 billion in private investments in Ohio small businesses. 

The program was part of the two-year budget signed by Ohio Gov. John Kasich in June. It allows people to claim a tax credit worth up to 10 cents on every dollar they invest in an Ohio small business. Companies receiving the investment most have less than $50 million in assets and less than $10 million in annual revenue. 

Those claiming the credit must hold their investment for at least two years. 

The state is making $100 million in tax credits available in the program’s first two years. 

The registration process begins Nov. 14, with investors and small businesses being asked to submit information to the Ohio Business Gateway. 

Additional details on the program can be found here.