Rep. Tom Young Celebrates Ohio's Ranking as Top State for Business

COLUMBUS, Ohio – State Representative Tom Young (R- Washington Township) announces Ohio’s pro-growth policies deliver number one business ranking.

“Ohio’s number one ranking in business by CNBC reflects years of sound fiscal management, tax relief, workforce investment, and policies designed to make Ohio the best place to live, work, and build a business,” said Rep. Young.

Ohio House Republicans have spearheaded a variety of impactful initiatives over the years, helping to maintain a favorable regulatory climate and addressing the issues that matter most to Ohioans: providing tax relief, creating jobs, boosting energy generation, and improving access to workforce training, affordable housing, and more. 

BOOSTING COMMUNITIES: Ohio’s Capital Budget allocates millions of dollars to fund hundreds of community projects across Ohio, making renovations to communities, schools, and neighborhoods; further establishing Ohio as the best place to do business, live, work, and raise a family. 

The state has also invested over $415 million for the All Ohio Future Fund and $900 million for brownfield remediation, helping to increase the number of shovel-ready job sites across the state. 

BOLSTERING OHIO’S ECONOMY: The Ohio House recently passed legislation that brings Ohio’s Budget Stabilization Fund balance to over $4 billion, reinforcing Ohio’s strong fiscal foundation and long-term economic stability. Ohio also holds a Triple-A bond rating from all three major credit rating agencies.

IMPLEMENTING A FLAT TAX: Additionally, Republicans in the legislature have continued to phase down the state income tax in recent years, providing savings for Ohioans. The state’s most recent budget plan took the top tax bracket down from 3.5% to 3.125% in tax year 2025 and down to 2.75% in tax year 2026, and into the future. The move to a flat tax makes Ohio more competitive with other states, simplifies the tax code, and spurs revenue. 

STRENGTHENING OHIO’S TOP INDUSTRIES: The legislature continues to support Ohio’s top industries, including agriculture, manufacturing, energy, aerospace, and defense industries, through legislation that drives innovation, creates and retains good, high-paying jobs, and keeps Ohio competitive. 

DELIVERING PROPERTY TAX RELIEF: To help provide significant property tax relief for Ohioans, the House championed five pieces of legislation late last year that work to curb tax hikes and deliver direct property tax relief, totaling more than $3 billion in savings. Most recently, the Legislature allocated $350 million to secure additional property tax relief for Homestead Exemption recipients.

• HB 186, 20-Mill Floor Inflation Cap – Saves Ohio property owners nearly $1.7 billion over the next three years by establishing a new Inflation Cap Credit that prevents increases in school district property taxes from exceeding the rate of inflation.
• HB 335, Inside Millage Inflation Cap – Caps increases in inside millage collections to the rate of inflation.
• HB 129, Check on Tax Hikes – Implements a check on tax hikes by counting emergency, substitute, incremental growth, conversion levies and the property tax portion of combined levies toward the 20-mill floor – closing loopholes and slowing tax spikes, ultimately lifting 237 districts off the 20-mill floor over the next four years.
• HB 309, Minimizing Unnecessary Collections – Slashes unnecessary collections by expanding the county budget commission’s authority to modify levies and trim unnecessarily high millage rates, shielding Ohioans from overly excessive tax bills.
• HB 124, Flip the Script – Empowers county auditors to have greater oversight over determining property tax sales information used for determining property valuations. 

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