Ohio Tax Credit Program Targets Small Businesses - Innovate New Albany | New Albany, Ohio

Ohio Tax Credit Program Targets Small Businesses

With more than 50% of the state’s workforce employed in small businesses, the state is focusing its attention and financial resources, to the tune of $100 million, to spur continued growth in the thriving sector. Launched this month, InvestOhio, administered by the Ohio Department of Development in collaboration with the Ohio Department of Taxation, provides a non-refundable personal income tax credit to investors who provide capital to small companies and acquire an ownership interest.

“With more than 900,000 small businesses in Ohio, InvestOhio will help them get the capital they need to create jobs,” says Christiane Schmenk, director of the Ohio Department of Development. InvestOhio is expected to generate at least $1 billion in new private investment by 2013. Registration, required to participate, has already begun for the program and applications will be available the first week of December.

Learn more about InvestOhio.


Innovate New Albany, the city’s incubator for technology startups, entrepreneurs and small businesses, features 16,000 square feet of space within the New Albany Business Park’s Signature Office Building, 8000 Walton Parkway.

Expert Office Hours

Your Questions • Our Experts
Private Appointments

9:00 am – 12:00 pm


Fri May 31 Fri June 28
Fri Aug 2 Fri Oct 4
Thu Dec 5

Register 2-3 weeks in advance

Have Expertise?

Share it

Subscribe to Our Updates!

  • Please enter your email address
  • This field is for validation purposes and should be left unchanged.

Why New Albany?

As a community created by innovators for innovators, New Albany offers a robust ecosystem that leverages entrepreneurship, business connectivity, public-private partnerships and quality of life to inspire creativity and accelerate commerce.

Learn More