Businesses
Government-funded
Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Refundable income tax credit for Ohio businesses creating at least 10 new jobs (25 for non-manufacturing) with an average hourly wage of at least 150% of the federal minimum wage. Credit is negotiated based on payroll, investment, and project impact.
Do I qualify?
Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Minimum 10 new FTE jobs for manufacturing (25 for non-manufacturing)
2.Average wage: at least 150% of federal minimum wage ($10.88/hr)
3.Credit is negotiated: typically 35%–75% of income taxes withheld by new employees
4.Credit period: 5–10 years
5.Apply to Ohio Tax Credit Authority before project commencement
LPO · United States
Offers federal loan guarantees for innovative clean energy projects that struggle to access conventional financing. Supports first-of-kind commercial-scale projects in renewable energy, storage, advanced nuclear, and industrial decarbonization.
NCDOR · North Carolina
Provides state income tax credits for investments in renewable energy equipment and energy efficiency improvements for business properties in North Carolina, stackable with federal ITC.
CDFI Fund · United States
Attracts private investment into low-income communities by allowing investors to receive a 39% federal tax credit over 7 years on investments made through certified Community Development Entities (CDEs).