Ohio Advances to Seven in CNBC’s Top States for Business 2024 Report
11 Julio 2024 - 9:15AM
The State of Ohio has further solidified its position as a premier
business destination, climbing from #12 in 2023 to seven in CNBC's
annual America's Top States for Business 2024 rankings. This
improvement reflects Ohio's sustained economic momentum, robust
business attraction efforts, and strategic investments in
innovation, infrastructure, and workforce development. The number
seven ranking is Ohio’s best since CNBC started the annual rankings
in 2007.
“From Ohio’s inventory of construction-ready industrial sites to
our reliable energy and water resources, there are so many
compelling advantages to doing business in the heart of it all,”
said Ohio Governor Mike DeWine. “When coupled with Ohio’s tax and
regulatory policies that reduce risk, cut red tape, and accelerate
access to domestic and international markets, we’re ensuring that
businesses have everything they need for success.” The
CNBC study evaluated all 50 states across 128 metrics across ten
categories of competitiveness. Ohio showed particular strength in
infrastructure (#13), cost of doing business (#2), cost of living
(#4), and had a massive jump in business friendliness from #40 to
#24.
Ohio’s performance across these critical metrics both reflects
and reinforces the state’s positive migration trends, creating a
virtuous cycle of growth. In recent years, the state gained net
inbound population growth of 75,000, driven primarily by
job-related moves, with 304,000 people relocating to Ohio for
employment reasons between 2019 and 2023. This influx of talent has
further enriched Ohio's diverse workforce, from top STEM
professionals to skilled trades workers.
“Ohio is a top state for business because we’re also the best
place to live, work, and raise a family,” added Governor DeWine.
“Ohio's rise in numerous national rankings demonstrates why Ohio is
the heart of it all. It’s not just our business-friendly policies
but also our exceptional quality of life, affordable cost of
living, and the opportunities we offer for all skill levels.”
“This validates what we already know: Ohio is a great place to
do business. This is evidenced by the new businesses moving to Ohio
and the growth and expansion of existing businesses and
entrepreneurs,” said Lt. Governor Jon Husted. “Over time, we have
cut taxes and regulations, improved the quality of our
infrastructure and workforce, and maintained affordability. Ohio
offers a high quality of life and solid Midwestern values.”
Ohio's improved ranking in CNBC’s Top States Report is backed by
a string of impressive economic development wins across the state’s
diverse sectors. In advanced mobility, Joby Aviation’s 2,000-job
eVTOL facility in Dayton and Honda and LG Energy Solution’s $4.2
billion battery center showcase Ohio’s innovation leadership. The
tech landscape is transforming at a massive scale with Intel’s $20
billion semiconductor chip fabs, Amazon Web Service’s $7.8 billion
data center investment, and Worldpay’s choice of Cincinnati for its
global headquarters. These headline-grabbing projects, combined
with initiatives to support small businesses and revitalize
downtown business districts in communities statewide, reflect
Ohio’s comprehensive approach to economic growth – from
groundbreaking startups to industry titans.
"Ohio's climb in the CNBC rankings is a reflection of our entire
state’s strategic approach to economic development,” said J.P.
Nauseef, President and CEO of JobsOhio. “We're not just focusing on
traditional metrics; we're building an ecosystem that supports
innovation, nurtures talent, expands airport facilities and service
routes, and offers businesses a wide range of ready industrial
sites, spec buildings, and vibrant communities to choose from.
“Our success is a tribute to the collaborative efforts of the
DeWine-Husted Administration, the Ohio Legislature, and our
statewide network of economic development partners that have
positioned Ohio as a beacon for businesses looking to thrive,” Mr.
Nauseef emphasized.
“Ohio is positioned to further strengthen its leadership in
advanced manufacturing, technology, and sustainable industries for
decades to come. With continued investment in workforce
development, site readiness, and Innovation Districts, Ohio is
cementing its status as the heart of opportunity in America,” he
concluded.
For more information on Ohio's business climate and
opportunities, visit www.jobsohio.com. For more information about
employment opportunities and talent-matching services available in
Ohio, visit FindYourOhio.com.
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About JobsOhioJobsOhio, Ohio's private nonprofit economic
development corporation, enhances company growth and personnel
development through business attraction, retention, and expansion
across ten competitive industry sectors. With a team of seasoned
professionals, JobsOhio utilizes a comprehensive network to foster
talent production in targeted industries and attract talent through
Find Your Ohio. Collaborating with seven regional partners,
including Dayton Development Coalition, Lake to River Economic
Development, Ohio Southeast Economic Development, One Columbus,
REDI Cincinnati, Regional Growth Partnership, and Team NEO,
JobsOhio delivers world-class customer service to provide companies
with a competitive advantage. Learn more at www.jobsohio.com.
Follow us on LinkedIn, Twitter and Facebook.
Contact:Matt
EnglehartJobsOhioEnglehart@jobsohio.com614-300-1152
- Ohio Is the Number Seven Best State for Business
Ryan Squire
JobsOhio
6148981095
communications@jobsohio.com