Ohio is a Great Place to Live, Work and Play
The State of Ohio is leading the Midwest’s economic resurgence. With easy access to markets, partners and customers, global companies are finding a home in Ohio. Ohio has one of the Top 5 business climates in the U.S. with a pro-business tax climate, high credit rating, budget surplus, and its products are exported across the globe.
Ohio is a dynamic place to build a business, expand operations and capitalize on a growing economy. That’s why Chief Executive Magazine recently named Ohio as the state with the most improved business climate in America.
Ohio offers business leaders amenities that few other states can match:
Strong and Diverse Business Climate
Ohio’s economic regions are strong, diverse and growing. Ohio is outpacing the nation with increased capital investment and a lower unemployment rate than similar states. Ohio is a leader in manufacturing, logistics, financial services, agriculture, automotive, energy and consumer products industries.
Low Taxes for Business Investment
Ohio government leaders have dramatically lowered tax burdens that can stand in the way of commercial progress. Ohio has no corporate income taxes. No franchise taxes. No tax on new machinery and equipment. And no out-of-state tax. Moreover, the state has robust job creation and retention tax credits to lower the cost of doing business.
Home to Global Business
Businesses from 43 countries have made investments in Ohio. The state promotes active trade discussions, business development partnerships and investment from international companies. In fact, More than 3,400 international businesses, employing 200,000 Ohioans have facilities in the state. Some of the largest multinational companies with Ohio operations include: Honda, Procter & Gamble, Nestle, Eaton, Marathon, Fiat Chrysler Automobiles, Goodyear, Bridgestone, ArcelorMittal, and Nationwide Insurance.
Efficient Access to Markets
Ohio is located within 600 miles (800 kilometers) of 60% of the U.S. and Canadian population. Businesses can move parts and products in and out with ease and efficiency. With five international airports, three air cargo hubs, robust rail access and a location on the Great Lakes and Ohio River, Ohio provides seamless air-to-rail, air-to-highway and air-to-water transport connectivity.
World-Class Skilled Workforce
With a labor pool of 5.9 million people and home to some of the nation’s best universities, Ohio offers a workforce that can meet the need of any employer.
Exceptional Quality of Life
Ohio offers residents a low cost of living, four seasons, world-class healthcare institutions, and leading cultural, arts and entertainment opportunities. Ohio is an ideal location to grow a business and raise a family.