Your business will be able to thrive in the County not just because of a skilled workforce and high quality of life, but because there is a strong network of existing businesses who actively partner together, benchmark and advocate for each other’s continued success and growth. In addition, the state of Ohio’s historic resource-rich workforce and logistics assets with new tax reform and strong incentive packages moves the state to the front of the line when lined up against national rivals.
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BUSINESS FRIENDLY TAX CLIMATE
Ohio has the lowest taxes in the Midwest, making Ottawa County an extremely profit-friendly business climate for companies that locate here. If you’re one of those companies considering a capital investment in Ohio, here are other ways our tax laws improve your bottom line:
- Ohio ranks fifth in the nation for cost of doing business
- No tax on investments in machinery and equipment
- No tax on product sold to customers outside Ohio
- No tax on inventory or corporate income
- First $1 million in gross receipts are tax-free
- Flat tax on sales between $150,000 – $1 million
- Recent tax reform reduced tax burden by up to 63%
UTILITY/ENERGY RATES
Northwest Ohio offers some of the lowest industrial electric rates in the Midwest.
- Industrial electric rates at the location average 4.73 cents per kilowatt hour
- Energy SIDs available for energy efficiency-related projects
- Rates in our region are 20 percent below the state average, 25 percent lower than average prices in Indiana, and more than 40 percent lower than average prices in Michigan
Village of Elmore
Electric Rates
(effective 11/2005)
- Residential
Customer Charge – $4.50 monthly
Energy Charge – 0.0758 per KWH
ER rate code - 3 phase small (under 30KW month)
Customer Charge – $7.50 monthly
Energy Charge – 0.0758 per KWH
ES rate code
- 1 phase large (over 30KW month)
Customer Charge – $4.50 monthly
Energy Charge – 0.0758 per KWH
Demand Charge – $3.84 per KW
EC rate code - 3 phase large(under 30KW month)
Customer Charge – $15.00 monthly
Energy Charge – 0.0758 min $50.00
Demand Charge – $3.84 per KW
EL rate code
- Additional Electric Meters
Energy Charge – 0.0758 per KWH
Demand Charge – $3.84 per KW
in excess of 30 KW
EX rate code - Residential Demand Meters (winter)
All KWH in excess of 125 KWH per KW of monthly billing demand 0.05 - Yard Lights – $5.00 monthly
- Ohio KWH Tax (5/2001)
0-2000 KWH 0.00465 per KWH
2001-15000 KWH 0.00419 per KWH
15000+ KWH 0.00363 per KWH
Water Rates
(effective 09/2016 – billing)
- 1st 200 cubic feet 0.0720 – $14.40 min
next 600 cf 0.0582 per cf – $34.92
800+ cf 0.0488 per cf – $39.04 - (Add 50% outside corporation) 1st 200 cubic feet 0.1080 – $21.60 min
next 600 cf 0.0874 per cf – $52.44
800+ cf 0.0733 per cf – $58.64
Sewer Rates
(effective 10/2014 – billing)
- 1st 200 cubic feet 0.0813 – $16.26 min
next 400 cf 0.0554 per cf
next 600 cf 0.0594 per cf
1200+ cf 0.0513 per cf - (Add 50% outside corporation) 1st 200 cubic feet 0.1220 – $24.40 min
next 400 cf 0.0831 per cf
next 600 cf 0.0891 per cf
1200+ cf 0.0770 per cf
Storm Utility
(effective 01/1995)
- $4.00 per residence per month
- All bills must be paid on or before the
5th of the month - Utility bills may be paid at BOPA office during business hours, night drop, or by mail
INVEST IN OTTAWA COUNTY AND ENJOY THESE KEY BENEFITS:
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Easy access to profitable markets in the U.S. and Canada that lowers your cost of doing business.
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A strong supply chain across key industries improves your efficiencies and profits.
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An abundant, skilled labor supply improves productivity, quality and profit.
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Public-private support eliminates obstacles, lowers cost, accelerates start-up and feeds business growth.
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Ohio’s perfect balance between professional and personal life attracts and retains the best talent for your company.