Our firm recently received a Letter from Representative Mike Duffey, delineating the importance of InvestOhio encouraging small and medium-sized Ohio business to grow the Ohio workforce. Our Ohio Elder Law Firm believes the information noted in his letter and below will be beneficial to many of our clients and friends.
What is InvestOhio?
InvestOhio is a new tool for helping Ohio small businesses gain the capital they need to succeed and create jobs. Through the program, individuals who invest up to $10 million in eligible small businesses
may receive a 10 percent income tax credit if the investment is held for two years.
Why is InvestOhio needed?
- The recent economic downturn has left many Ohio small businesses in need of capital to sustain and grow their business. Similarly, large amounts of private investments are sitting on the sideline waiting for the economic climate to improve. InvestOhio encourages investors to put this money back into the economy to spur job creation. (more…)