Low or no taxes in strategic areas key to growth of Ohio’s businesses
Time and again Ohio is listed near the top of business-friendly states by key publications, which is why the Tax Foundation’s relatively low ranking for Ohio for 2021 stands out in stark contrast. By taking a closer look at the criteria and the weighted factors in the Tax Foundation’s methodology, some light is shed on the potential flaws in their analysis.
Ohio has customized, adaptable workforce development programs to help companies find, train, and hire the talent they need. Always.
Executives recognize the rising need to evolve their workforce, but often are not sure how to follow through. The coronavirus pandemic forced businesses to address the issue almost overnight. Ohio responded by creating flexible, customizable talent initiatives that help companies find, attract, hire, and train talent, for their immediate and long-term needs.
Collaboration with industry partners creates unique, industry-specific initiatives
Companies moving to and growing in Ohio require the workforce to meet a diverse range of needs. JobsOhio, with its enhanced focus on talent development, worked with Regional Growth Partnership and 30 manufacturing businesses in northwest Ohio to research the area’s workforce needs. JobsOhio ultimately invested $1.5 million to seed manufacturing talent in the region.
Ohio continues to climb in several annual state business rankings
Matt Waldo, director of research, JobsOhio
Rankings continue to support why Ohio is a great state for business. While there are different and varied factors that contribute to each ranking, there are consistencies that support why Ohio is higher on lists than it has been in previous years. Matt Waldo explores the areas where Ohio has improved as well as where Ohio’s opportunities remain.
Ohio leads the Midwest in attracting growth capital
Matt Waldo, senior manager of research and analysis
Since the early 2000s, a significant shift has occurred in pulling VC funding away from the West Coast. Where is the funding going? It’s heading to the Midwest, and Ohio is leading the way. Ohio is earning national attention for its thriving and continuously growing startup environment.
JobsOhio leverages the findings of the McKinsey & Company independent performance assessment to set goals. By employing sound strategies and taking smart, calculated risks, JobsOhio and its economic development partners across the state are striving to better serve companies and Ohio.
Every project is a potential win or learning opportunity, and Ohio had both in 2018
Dana Saucier, vice president & head of economic development, JobsOhio
Each year, JobsOhio takes the time to reflect on its current performance in order to build future capability. In 2018, JobsOhio had its best year yet for performance. JobsOhio had many wins and opportunities made for Ohio. Yet it also had some losses and learned from them.