In early May, chief executives across the country ranked Ohio as the ninth best state in the nation for business, according to Chief Executive magazine’s 2019 “Best and Worst States for Business” survey.
Ohio rose one place in 2019 from No.10 last year but has jumped 34 spots in the survey since 2010.
“This is a strong positive contrast to other states in the region,” said Andrew Deye, managing director, strategy, business development & research for JobsOhio. “Interestingly, only two northern states –Ohio and Indiana –were included in the Top 10, and overall, this ranking reflects the strong economic turnaround for the state.”
The magazine credits Ohio’s strong position to several factors: The state, it said, has experienced strong growth in multiple sectors, including finance, manufacturing and logistics. Companies including Root Insurance and JPMorgan Chase further invested in Ohio since the beginning of 2018. Moreover, Ohio is positioning itself as a leading supporter of blockchain technology. A new law permitting the use of blockchain and new initiatives are fostering blockchain development across the state.
Testimonials from executives who participated in the survey commented on their ability to find talent, noting Ohio’s higher education institutions as an integral element in helping them meet the demand for skilled workers.
“Ohio has a sufficient number of higher education institutions that, from community colleges upward, are effectively training their students to meet the growing demand for skilled workers required by technology companies like MCPc,” said Peter Anagnostos, vice president of marketing, communications and community outreach at MCPc.
A unique statewide network of economic development partners and continuously evolving regulations and policies have made Ohio more business-friendly. The state also fosters innovation with massive investments in R&D. And Ohio’s world-class digital and transportation infrastructure supports supply chains, facilitates communication and connects businesses to the resources they need to succeed.
Today, more companies are making Ohio home, and Ohio’s rise in the rankings reinforce how the state’s assets make it an ideal location for business investments. The collective efforts of Ohio’s economic development organizations in partnership with public-private entities as well as the governor and Ohio General Assembly have helped Ohio become a better state for businesses to invest, grow and create jobs.
If you’d like to learn more about why Ohio keeps rising on this list for business leaders, and the numerous opportunities for relocating or growing your company in Ohio, get in touch with JobsOhio today.