{"id":246604,"date":"2022-04-21T11:37:51","date_gmt":"2022-04-21T15:37:51","guid":{"rendered":"https:\/\/chiefexecutive.net\/?page_id=246604"},"modified":"2025-02-14T16:08:03","modified_gmt":"2025-02-14T21:08:03","slug":"ohio","status":"publish","type":"page","link":"https:\/\/chiefexecutive.net\/best-worst-states-business\/ohio\/","title":{"rendered":"Ohio"},"content":{"rendered":"\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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CEO Guide to the States<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Ohio<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\nTHE BUCKEYE BOOM\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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While the manufacturing sector has slightly declined in the Midwest, the industry remains a cornerstone for the Buckeye economy. Manufacturing GDP reached $133 billion in the last quarter of 2023, representing more than 17 percent of the private sector GDP and fueled by investments from companies like Honda and Intel. Meanwhile, the state has also been investing more in its infrastructure, laying the groundwork for stronger economic growth. Development teams landed more than 94,000 new jobs and more than $65 billion in capital investments between 2020 and mid-2024.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\u201cFrom Ohio\u2019s inventory\nof construction-ready\nindustrial sites to our\nreliable energy and water\nresources, there are so\nmany compelling advantages to doing business in\nthe heart of it all\u2026. When\ncoupled with Ohio\u2019s tax\nand regulatory policies that\nreduce risk, cut red tape\nand accelerate access to\ndomestic and international\nmarkets, we\u2019re ensuring that\nbusinesses have everything\nthey need for success.\u201d <\/div>\n\t\t\t\n\t\t\t\t\t\t
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Mike DeWine<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
Governor<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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TAXES<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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No corporate income tax<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t#<\/span>\n\t\t\t\t0<\/span>\n\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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on the Tax\nFoundation\u2019s State Tax\nCompetitiveness Index<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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EDUCATION<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t<\/span>\n\t\t\t\t0<\/span>\n\t\t\t\t%<\/span>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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of adults 25 years of age and older graduated high school<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t<\/span>\n\t\t\t\t0<\/span>\n\t\t\t\t%<\/span>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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of adults age 25 and older have a bachelor\u2019s degree or higher<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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UNEMPLOYMENT RATE<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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RIGHT TO WORK STATE<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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No<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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QUALITY OF LIFE<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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POPULATION GROWTH<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t<\/span>\n\t\t\t\t0<\/span>\n\t\t\t\t%<\/span>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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decrease between\n2020 and 2023\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t\t\t\u201cWe have produced and developed products for over\n40 years. Now, based on this strong foundation, we are\nreinvesting in Ohio, the new EV hub. We will continue\nto create new value for our customers and the future.\nWe\u2019ll build tomorrow together.\u201d\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\tToshihiro Mibe<\/span>CEO, Honda<\/span><\/cite>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t
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\n\t\t\t\t\t\t\u201cWe are excited to call Ohio home to Intel's first new\nmanufacturing site in 40 years.... The new factories we'll\nbuild in Ohio are part of our strategy to increase semiconductor R&D and global manufacturing capacity and\nrestore U.S. semiconductor manufacturing leadership.\nWe expect Intel Ohio will become one of the largest\nsemiconductor manufacturing sites in the world over\nthe next decade.\u201d\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\tPat Gelsinger<\/span>Former CEO, Intel<\/span><\/cite>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t
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\n\t\t\t\t\t\t\u201cThe Worldpay family is excited to make Cincinnati our\nhome once again. Access to talent, quality of life, great\neducational institutions and the new direct flight from\nCVG Airport to London significantly contributed to the\ndecision to make our corporate headquarters in Greater\nCincinnati, connecting us to our customers worldwide.\u201d\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\tCharles Drucker<\/span>CEO, Worldpay<\/span><\/cite>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tKEY INCENTIVES\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The JobsOhio Economic Development Grant:<\/strong> Promotes economic development, business expansion and job creation by providing funding for eligible projects in
the state of Ohio.

The State of Ohio Job Creation Tax Credit:<\/strong> Offers a performance-based tax credit from the state calculated as a percentage of created payroll and applied toward the company’s commercial-activity tax liability.

The JobsOhio Workforce Grant:<\/strong> Promotes economic development, business expansion and job creation byproviding funding to companies for employee development and training programs.

The JobsOhio Research & Development (R&D) <\/strong>Center Grant Program:<\/strong> Faciliates strategic corporate R&D centers in Ohio to support the development and commercialization of emerging technologies and\/or products that align with one or more of JobsOhio\u2019s targeted industries.

JobsOhio Talent Acquisition Services:<\/strong> Provides a customized approach to solving talent challenges, helping companies identify talent challenges and build sustainable talent recruitment strategies that support every stage of the candidate journey.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tEDCs\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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JobsOhio
<\/b>jobsohio.com<\/p>

City of Columbus Economic Development
<\/b>columbus.gov\/development\/economic-development<\/p>

City of Cleveland Economic Development
<\/b>makeitincleveland.org<\/p>

City of Cincinnati Community\u00a0
<\/strong>choosecincy.com<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tHIGHLIGHTED PROGRAM OR INITIATIVE\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The Ohio Site Inventory Program (OSIP) was established to fill gaps in Ohio\u2019s real estate inventory with real estate-targeting, near-term sector wins to ensure the state is more competitive for reactive site selection projects. The OSIP offers grants and low-interest loans to support speculative site and building development projects with no identified end user.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tBIG DEALS\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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  • Worldpay announced in December 2023 it will establish its headquarters in Cincinnati, bringing more than 500 jobs and $56 million in payroll to southwest Ohio.<\/li>
  • Louis Dreyfus Company announced in February 2023 a $541 million facility and 114 new jobs in Upper Sandusky.<\/li>
  • Joby Aviation announced in September 2023 a $477 manufacturing facility and 2,000 jobs in Dayton.<\/li>
  • Forsee Power celebrated in September 2024 the opening of its North American headquarters and a new industrial site in Hilliard.<\/li>
  • Sierra Nevada Corporation (SNC) formally opened its second aircraft modernization, modification and maintenance facility in October 2024.<\/li>
  • Gifthealth announced an expansion in 2024 that will create 751 jobs and generate more than $56 million in new annual payroll.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    \n\t\t\t\t\t\t\n\t\t\t\t\t\t\tBIG COMPANIES\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    Twenty-seven Fortune 500 companies headquartered in state, including:<\/p>

    • Cardinal Health<\/li>
    • Cleveland-Cliffs<\/li>
    • Goodyear Tire & Rubber<\/li>
    • Kroger<\/li>
    • Marathon Petroleum<\/li>
    • Nationwide<\/li>
    • Parker Hannifin<\/li>
    • P&G<\/li>
    • Progressive<\/li>
    • Sherwin-Williams<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

      CEO Guide to the States Ohio THE BUCKEYE BOOM While the manufacturing sector has slightly declined in the Midwest, the industry remains a cornerstone for the Buckeye economy. Manufacturing GDP reached $133 billion in the last quarter of 2023, representing more than 17 percent of the private sector GDP and fueled by investments from companies […]<\/p>\n","protected":false},"author":965,"featured_media":0,"parent":59194,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_acf_changed":false,"_oasis_is_in_workflow":0,"_oasis_original":0,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":"","_links_to":"","_links_to_target":""},"class_list":["post-246604","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\nOhio<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/chiefexecutive.net\/best-worst-states-business\/ohio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ohio\" \/>\n<meta property=\"og:description\" content=\"CEO Guide to the States Ohio THE BUCKEYE BOOM While the manufacturing sector has slightly declined in the Midwest, the industry remains a cornerstone for the Buckeye economy. 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