COLUMBUS, OH, October 04, 2014 /24-7PressRelease/ -- Coming out of the Great Recession, a number of metropolitan areas in the United States have shown great promise in the face of even greater adversity. From entrepreneurs and sole proprietorships to large corporations and conglomerates, many an eye are finding ample potential in economic zones that have gone above and beyond to attract new investment from all over the world. Columbus, Ohio has been at the forefront of these changing times, and has been rewarded through the securing of several Fortune 500 companies' presences in the city over the past few years. Here, Buckeye Promotions Group review several key reasons why Columbus will remain at the forefront of a changing global economy in the years to come.
Kai Petrich, Director of Buckeye Promotions Group, outlined his reasoning for setting up business in this growing economic powerhouse: "Ohio - and particularly Columbus - gets it. The Ohio Tax Credit Authority has been more than proactive in helping businesses like mine set up shop in the state, and has pursued policies that enable sales tax exemptions, tax credits and other incentives that make it easier to do business." The Ohio Tax Credit Authority is responsible for reviewing and approving various tax exemptions and credits on a case-by-case basis for businesses that have recently started or that have relocated to the state.
One recent and notable example of the Tax Credit Authority's success is the success in Columbus securing a $1.1 billion investment from Amazon. It was recently announced that Amazon's web hosting and data centre affiliate, Vadata, received approval for $81 million in state tax credits. This includes a 15-year, 100 percent sales tax exemption for the company.
Kai Petrich, Director of Buckeye Promotions Group explained that "the ability to do business with a reduced tax burden will ultimately lead to a higher number of jobs created by companies and a more business-friendly climate overall." When combining these tax incentives and policies with Columbus' geographic significance within the United States, there is little doubt as to why more and more businesses are examining Columbus for any future expansions or establishments.
As more and more cities compete for the jobs of tomorrow, a variety of economic development plans and incentives will be at the core of competition. Columbus is reinventing itself - with help from the state of Ohio - and such collaboration is sure to assist Columbus and the surrounding area in its mission of transforming into a 21st century economic hub.
Buckeye Promotions Group is an outsourced sales and marketing company located in Columbus, Ohio that was launched in 2012 and provides clients with unbeatable direct marketing services. We provide instant, extensive and hard-hitting sales and marketing campaigns which can provide immediate results using our b2b, b2c, residential, and events based marketing systems. We have relationships with a variety of different clients, ranging from major Fortune 500 companies in telecommunications, charities, merchant services, and online discounters.
Website: http://buckeyepromotionsgroup.com
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