Ohio is the 27th Best State for Business 2014

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 Metrics

State GDP

Unemployment

Domestic Migration

State Government

State-Local Tax Burden

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

J.P. Donlon

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