Public and Private Sector leadership is systematically improving the Ohio business climate to make the state the ideal location for companies to compete in the global economy. Ohio is executing reform that is substantially lowering the cost of doing business in the state - with the lowest taxes in the Midwest by 2010. On average, Ohio's tax reform will cause businesses to see a drop of 64% on their corporate taxes. See the impact by industry with the Ohio Tax Reform: Year 2 in Review.