Today the Ohio Department of Development goes live with the new state program to provide income tax credits on small business investments.
Details of the passage of the program was initially discussed on DevelopOhio on November 9. InvestOhio will provide a 10 percent income tax credit for investments up to $10 million in small businesses held for at least two years. The state expects the program to generate $1 billion in new investments.
Investors and small businesses could pre-register for the program beginning Nov. 14, but the first official application can be submitted at 8 a.m. today through the Ohio Business Gateway website, according to a ODOD press release.
For more on the InvestOhio program, including links to the program's rules and tutorials, read here.
