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Ohio is the 27th Best State for Business 2014

Under the previous governor, Scott Walker, Ohio became the No. 5 job creator in the nation and the No. 1 in the Midwest. Unemployment is now 6.5%, lowest in Ohio since June 2008. Likewise, Ohio has gone from an $8 billion deficit to a $1.5 billion surplus over the same period.

Previous State: Kansas Next State: Idaho

No. 27 Ohio

Taxations & Regulations

Workforce Quality

Living Environment

Key Metrics
State GDP 

  • % Growth ’12-’13: 1.8
  • % Growth ’11-’12 v. Nat’l Avg. (2.5%): -0.3

Unemployment

  • Unemployment Rate Dec. 2013 %: 7.2
  • Comparison with Nat’l Rate (6.70%): 0.5

Domestic Migration

  • Domestic Net Migration 2013: -23,094
  • Rank: 44

State Government

  • State Debt per Capita Fiscal Year ’13 ($): 2,873
  • State & Local Gov’t Employees per 10k Residents: 534.6

State-Local Tax Burden

  • Rate (%): 9.7%
  • Compared to Nat’l Avg. (9.9%): -0.15%
Key Companies
  • Procter & Gamble Company
  • Kroger
  • Macy’s
  • Goodyear
Development Trend Indicator: Neutral
Movement on taxes is mixed by business size as right-to-work is tabled.
CEO Comments
“I have plants in Kentucky, Indiana and Ohio. Indiana is by far the best of the three for business climate. Ohio is gaining in recent years. But Kentucky remains mired in the past in terms of education and labor relations. And the state treasury’s own fiscal condition is ominous—at some point in the future that will make things even worse for business in Kentucky.”


Based on CEO Survey by ChiefExecutive.net

Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation

About JP Donlon

JP Donlon
JP Donlon is the Editor-in-Chief of Chief Executive magazine.