Categories: Best & Worst States for Business

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 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 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

Chief Executive

Chief Executive magazine (published since 1977) is the definitive source that CEOs turn to for insight and ideas that help increase their effectiveness and grow their business. Chief Executive Group also produces e-newsletters and online content at chiefexecutive.net and manages Chief Executive Network and other executive peer groups, as well as conferences and roundtables that enable top corporate officers to discuss key subjects and share their experiences within a community of peers. Chief Executive facilitates the annual “CEO of the Year,” a prestigious honor bestowed upon an outstanding corporate leader, nominated and selected by a group of peers, and is known throughout the U.S. and elsewhere for its annual ranking of Best & Worst States for Business. Visit www.chiefexecutive.net for more information.