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Ohio is the 35th Best State for Business 2012

No. 35 Ohio Taxation and Regulations Workforce Quality Living Environment Based on CEO Survey by ChiefExecutive.net Key Metrics State GDP  % Growth ’07-’10: -3.73 % Growth ’07-’10 v. Nat’l Avg. (-0.33%): -3.39 Unemployment Unemployment Rate Dec. 2011 %: 8.10 Comparison with Nat’l Rate (8.50%): -0.40 Domestic Migration Domestic Net Migration ’00-’09: -361,038 Rank: 45 State …

No 35: Ohio

No. 35

Ohio

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’07-’10: -3.73
  • % Growth ’07-’10 v. Nat’l Avg. (-0.33%): -3.39

Unemployment

  • Unemployment Rate Dec. 2011 %: 8.10
  • Comparison with Nat’l Rate (8.50%): -0.40

Domestic Migration

  • Domestic Net Migration ’00-’09: -361,038
  • Rank: 45

State Government

  • Debt per Capita Fiscal Year ’10 ($): 2,703
  • State & Local Gov’t Employees per 10k Residents: 534.59

State-Local Tax Burden

  • Rate (%): 9.71
  • Compared to Nat’l Avg. (9.8%): -0.09
Key Companies
  • Procter & Gamble Company
  • Kroger
  • Macy’s
  • Goodyear
Development Trend Indicator: Positive
Public-pension ploy didn’t work, but bellwether state is going business-friendly.
CEO Comments
“Ohio is depressed with low levels of communication between government and business. Government believes miracle corporations coming to Ohio to “save” the state, yet employee base is not trained in high tech or significant competencies to fill the jobs. It’s very frustrating to attempt to improve backward thinking.”

“Ohio is improving with new governor.”

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

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