21. Ohio

Strong infrastructure and friendly regulations are helping the Buckeye State buck its Rust Belt roots. But skilled workers aren’t sticking around.

Top States Ohio
Source: George Kavallines
Category
Score
2016 Rank
2015 Rank
Workforce 180 43 43
Cost of Doing Business 221 15 (Tie) 13 (Tie)
Infrastructure 218 7 11
Economy 187 22 15
Quality of Life 145 34 43
Technology & Innovation 142 21 21
Education 123 13 20 (Tie)
Business Friendliness 50 37 37 (Tie)
Cost of Living 63 9 19
Access to Capital 42 9 7
Overall 1371 21 23

Economic Profile

Governor: John Kasich, Republican

Population: 11,613,423

GDP growth: 1.8 percent

Unemployment rate (May 2016): 5.1 percent

Top corporate tax rate: 0 percent

Top individual income tax rate: 4.997 percent

Gasoline tax: 46.40 cents/gallon

Bond rating/outlook: Aa1, stable

Major private employers: Wal-Mart, Cleveland Clinic, Procter & Gamble

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, S&P Global Market Intelligence

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