Categories: 2014 Best & Worst States

Ohio is the 22nd Best State for Business 2013

Previous State: Idaho Next State: Iowa

No. 22Ohio

Taxations & Regulations

Workforce Quality

Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP % Growth ’10-’11: 1.1 % Growth ’10-’11 v. Nat’l Avg. (1.5%): -0.4 Unemployment Unemployment Rate Dec. 2012 %: 6.7 Comparison with Nat’l Rate (7.80%): -1.1 Domestic Migration Domestic Net Migration ’10-’11: -44,868 Rank: 46 State Government Debt per Capita Fiscal Year ’10 ($): 2,703 State & Local Gov’t Employees per 10k Residents: 534.6 State-Local Tax Burden Rate (%): 9.8 Compared to Nat’l Avg. (9.9%): -0.02

Key Metrics

State GDP

% Growth ’10-’11: 1.1
% Growth ’10-’11 v. Nat’l Avg. (1.5%): -0.4

Unemployment

Unemployment Rate Dec. 2012 %: 6.7
Comparison with Nat’l Rate (7.80%): -1.1

Domestic Migration

Domestic Net Migration ’10-’11: -44,868
Rank: 46

State Government

Debt per Capita Fiscal Year ’10 ($): 2,703
State & Local Gov’t Employees per 10k Residents: 534.6

State-Local Tax Burden

Rate (%): 9.8
Compared to Nat’l Avg. (9.9%): -0.02

Key Companies
Procter & Gamble Company Kroger Macy’s Goodyear

Development Trend Indicator: Positive
Business appreciates Gov. Kasich’s help despite lots of legacy obstacles.

CEO Comments
“States like…Ohio are consistently trying to help us grow our business and are listening to the leaders of companies to help solve problems.” “Ohio’s lack of ‘right to work’ regulations and high utility costs make it increasingly more unattractive for capital investment.” “Ohio has made a dramatic turnaround under Republican leadership.” “Ohio is doing some amazing things to attract and support a pro-business climate.” “Michigan’s problem has been poor government and domination by the auto workers union. CA also has poor government and excessive regulations and taxes. Illinois has corrupt government, high taxes and excessive regulation. Ohio is beginning to comeback with better state government.”

CEO Comments

“States like…Ohio are consistently trying to help us grow our business and are listening to the leaders of companies to help solve problems.”

“Ohio’s lack of ‘right to work’ regulations and high utility costs make it increasingly more unattractive for capital investment.”

“Ohio has made a dramatic turnaround under Republican leadership.”

“Ohio is doing some amazing things to attract and support a pro-business climate.”

“Michigan’s problem has been poor government and domination by the auto workers union. CA also has poor government and excessive regulations and taxes. Illinois has corrupt government, high taxes and excessive regulation. Ohio is beginning to comeback with better state government.”

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

Previous State: #21 Idaho Next State: #23 Iowa

J.P. Donlon

J.P. Donlon is Editor Emeritus of Chief Executive magazine.