Governor Strickland focused on advanced energy in his State of the State address on January 26, 2010. Without providing extensive details, the Governor called for the suspension of Ohio’s tangible personal property tax on generation for wind and solar companies that break ground on projects in 2010, produce energy by 2012, and create Ohio jobs in the process. It is not clear if other forms of alternative energy will qualify for the personal property tax exemption.
The Governor also announced the creation of a $40 million "Energy Gateway Fund." The combination of state and federal funds will be used to help companies start or expand clean and advanced energy projects in Ohio. The fund will offer capital to companies with products ready for the commercial market, and will require a 1-to-1 match from private dollars.
Changes in the tangible personal property tax will require action by the Ohio General Assembly. Details on both programs will be forthcoming. The text of the speech can be found here, and Strickland Administration highlights here.