#10 Ohio


#24 in Taxation and Regulation

#7 in Workforce Quality

#23 in Living Environment

Right to Work?

Regional Profile – Midwest

STATE
OVERALL REGIONAL RANK
TAXATION & REGULATION REGIONAL RANK
WORKFORCE QUALITY REGIONAL RANK
LIVING ENVIRONMENT REGIONAL RANK
Illinois
12
12
12
12
Indiana
1
3
2
2
Iowa
4
5
3
4
Kansas
7
6
9
8
Michigan
11
10
10
10
Minnesota
10
11
6
7
Missouri
9
8
11
6
Nebraska
8
4
1
1
North Dakota
6
2
8
11
Ohio
2
7
4
5
South Dakota
5
1
7
9
Wisconsin
3
9
5
3

Key Industries

Consumer Goods, Manufacturing, Retail, Tech

Key Companies

Cardinal Health
Goodyear
Kroger
L Brands
Macy’s
Marathon Petroleum
Owens Corning
Procter & Gamble

Advantages

Ohio’s Lieutenant Governor Mary Taylor says the state’s pro-business policies, its good infrastructure and manufacturing heritage make it a good place to invest. In fact, the number of business filings rose 3.7%, setting a new record, according to Secretary of State Jon Husted.

Challenges

Ohio imposes gross receipts taxes instead of corporate income taxes. Gross receipts taxes are thought to be more economically harmful than corporate income taxes, according to the Tax Foundation.

Key Contacts

JobsOhio
John Minor
President and Chief Investment Officer
614-224-6446
855-874-2530 Toll Free
41 South High Street, Suite 1500
Columbus, OH 43215

http://jobs-ohio.com/contact/

Ohio Development Services Agency
David Goodman, Director
614-446-3379
77 South High Street, 29th Floor,
Columbus, OH 43215

david.goodman@development.ohio.gov
https://www.development.ohio.gov/default.htm

CEO Comments

“Washington and Ohio prove strong incentives for entrepreneurship. The availability of well-trained workers with team-oriented values is good in both states.”

“The governors of Ohio and Texas get it when it comes to helping small to medium-sized businesses succeed and grow.”

Current Developments

2015 Regional Report: The Midwest
November 13, 2015

The Man Who Changed How America Shops
January 6, 2015

Auto Manufacturing Redraws its Map
May 8, 2014

LED-ing the Navy
June 16, 2015

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No 41: Ohio

No. 41

Ohio

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
Taxation and Regulations
  • State Corporate Income Tax Rate: 3.40%
  • Highest Personal Income Tax Rate: 5.93%
Workforce Quality
  • % with High School diploma or more: 87.6
  • % with Bachelor’s degree or more: 24.1
  • % with Advanced degree or more: 8.7
  • Patents per 100K: 27.98
  • % of Employed Represented by Unions: 14.7
Quality of Life
  • Hopsitals per 10K: 0.142
  • Elementary/Secondary Schools per 1000 people: 0.348
  • Violent Crimes per 100K: 348.34
Key Companies
  • Proctor & Gamble Company
  • Kroger
  • Macy’s
  • Goodyear
Other Highlights
Ohio rose from #43 in 2010 to #41 in 2011 — the state took #44 in 2009 Ohio ranks 34th in state debt per capita with $2423

Sources:
TaxFoundation.org
Statemaster.com
Bureau of Labor Statistics
U.S. Census Bureau
U.S. Patent and Trademark Office
The National Center for Public Policy and Higher Education