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Increased prosperity and a higher quality of life is achieved and sustained through the creation, expansion, retention, and attraction of business – growing Ohio’s businesses contributes to job growth and in turn, healthier, more vibrant communities.

For two years in a row, Site Selection magazine Ohio ranked Ohio first in the United States in the number of major private investments. The Strategic Business Investment Division is on the front line of economic development utilizing the state’s outstanding economic development toolbox. The Division supports the well being of Ohio’s citizens by providing business owners and communities with the information and support they need to make informed, critical decisions that directly impact Ohio’s economy and environment for business growth. The Strategic Business Investment Division also plays a key role in facilitating Ohio’s development and deployment of advanced energy through the Ohio Energy Office.

The Strategic Business Investment Division offers Ohio’s new and expanding businesses a comprehensive package of financial and technical assistance resources that support job creation and retention through site location, infrastructure development, and capital investment by industries traditionally strong in Ohio, as well as emerging advanced energy and technology industries.

Following an in-depth needs assessment, experienced and knowledgeable staff provides businesses and communities with professional guidance. Staff will structure responsible economic incentive packages that utilize loan, grant, bond, and tax incentive programs. Twenty-eight Fortune 500 companies are headquartered in Ohio, taking advantage of the lowest capital investment tax rate in the Midwest. The Division is committed to modernizing our economic development incentives that make our programs more responsive to business needs, more transparent to Ohio citizens, more cost-effective to administer, and more competitive with other states and nations.

The Strategic Business Investment Division helped establish Ohio’s new collaborative model for economic development. As a lead convener in significant, economy-shifting business growth and attraction projects, the Division supports regional collaboration on the retention and creation of jobs for Ohioans, and the establishment of new alliances and the reinforcement of storied partnerships. For example, taken together, the Goodyear Tire and Rubber Company, established in Ohio more than 100 years ago, fractional airline industry leader NetJets, Inc., and Tata Consultancy Services, an Indian information technology company, will create and retain a combined 6,400 jobs.

While the Strategic Business Investment Division is broad in scope, its mission is succinct: to stimulate the state’s economy by creating high-quality jobs and a better quality of life for all Ohioans.

The Strategic Business Investment Division plays a key role in establishing a targeted industry approach to economic development. Our Targeted Industry Development Teams craft specific retention, expansion, and attraction strategies for each target industry.

Ohio’s Statewide Targeted Industries 

• Advanced Energy and  Environmental Technologies 
• Aerospace and Aviation 
• Agriculture and Food Processing 
• Bioscience and Bioproducts 
• Corporate and Professional Services 
• Distribution and Logistics 
• Instruments, Controls, and Electronics 
• Motor Vehicle and Parts Manufacturing 
• Polymers and Advanced Materials 

For regional contact information, please visit the Interactive Regional Map