Common Sense Initiative Brings Common Sense to Business Regulations
On January 10, 2011, just days after being sworn into office, Gov. John Kasich issued his first executive order – the creation of the Common Sense Initiative (CSI). Overseen by Lt. Gov. Mary Taylor, CSI was established to evaluate the economic impact of rules and regulations on Ohio businesses. Continue reading
The Ohio Department of Development, in collaboration with the Ohio Department of Taxation, announced on November 8 the launch of InvestOhio, the highly-anticipated $100 million effort to spur investments in Ohio's small businesses.
InvestOhio encourages investments of up to $10 million in eligible small businesses in exchange for a 10 percent income tax credit for investments held for two years. Eligible small businesses must have less than $50 million in assets or less than $10 million in annual sales.