Search
Close this search box.
Search
Close this search box.

2014 Regional Report: The Midwest

A state-by-state look at what the Midwest has to offer.

Ohio (No. 27): Needs a Population Pickup
Ohio has been adding jobs at the fastest rate in the Midwest. Unemployment, which fell to 5.7 percent in July, was lowest in Ohio since October 2005. Manufacturing is on the rise, centered on the Dayton area and its export-fueled economy. According to Deloitte’s Buelow, the Buckeye State’s upsides include JobsOhio, “a very good, very well-funded program” that’s “putting the pieces in place to address retention needs.” One downside is labor supply; the state “needs population growth” in cities like Cleveland, says economist Bill LaFayette, who worries that sluggish population growth and Millennial Generation resistance to manufacturing careers will eventually deter growth.

Tax reform “has made the state very competitive,” says site selector Gigerich. Ohio ranks third in the nation in terms of pro-business tax environment, according to the Tax Foundation. A joint Ernst & Young and Council on State Taxation ranked Ohio third in tax burden. Incentive offerings “are not as large as they used to be,” says consultant Bosman. Ohio spends over $3.24 billion a year on incentive programs, according to The New York Times subsidy database.

Minnesota (No. 34): Taking on Taxes
Minnesota outpaces most of the nation in economic growth. The Gopher State ranked 66.4 on Creighton University’s Business Conditions Index in July, tops in the Midwest, and more than 10 points above its 2013 rating. State economic data show growth across nearly all industries, led by Construction and Health Care gains; medical-device manufacturing continues to expand its footprint. Minnesota business owners are optimistic; this spring, 52 percent of Minnesota business-service firms expect revenues to rise over the next 12 months, up from 46 percent last year, according to a Federal Reserve Bank/Minneapolis study.

Governor Mark Dayton signed a wide-ranging, tax-reform bill into law this spring that repealed much-reviled sales taxes on warehousing and storage services, electronic equipment repair and maintenance and telecommunications equipment, as well as lowering income taxes and estate and gift taxes. Minnesota spends over $239 million per year on incentive programs, according to The New York Times database.


MORE LIKE THIS

  • Get the CEO Briefing

    Sign up today to get weekly access to the latest issues affecting CEOs in every industry
  • upcoming events

    Roundtable

    Strategic Planning Workshop

    1:00 - 5:00 pm

    Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process

    Executives expressed frustration with their current strategic planning process. Issues include:

    1. Lack of systematic approach (70%)
    2. Laundry lists without prioritization (68%)
    3. Decisions based on personalities rather than facts and information (65%)

     

    Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns.  They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning.  Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process.  This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented.  If you are ready for a Strategic Planning tune-up, select this workshop in your registration form.  The additional fee of $695 will be added to your total.

    To sign up, select this option in your registration form. Additional fee of $695 will be added to your total.

    New York, NY: ​​​Chief Executive's Corporate Citizenship Awards 2017

    Women in Leadership Seminar and Peer Discussion

    2:00 - 5:00 pm

    Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations. 

    Limited space available.

    To sign up, select this option in your registration form. Additional fee of $495 will be added to your total.

    Golf Outing

    10:30 - 5:00 pm
    General’s Retreat at Hermitage Golf Course
    Sponsored by UBS

    General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.

    The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.

    To sign up, select this option in your registration form. Additional fee of $295 will be added to your total.