15. Ohio

The Buckeye State offers great infrastructure and low costs. But quality of life falls at the other end of the spectrum.

An employee pours molten steel into a casting for a church bell at the Verdin Corp. production facility in Cincinnati, Ohio.
Ty Wright | Bloomberg | Getty Images
An employee pours molten steel into a casting for a church bell at the Verdin Corp. production facility in Cincinnati, Ohio.
Category
Score
1018 Rank
2017 Rank
Grade
Workforce 234 25 31 B-
Infrastructure 261 4 5 A-
Cost of Doing Business 228 13 22 (Tie) A
Economy 153 24 17 C
Quality of Life 128 35 40 D-
Technology & Innovation 137 16 15 B
Education 124 15 15 (Tie) B
Business Friendliness 57 37 37 (Tie) D+
Access to Capital 75 14 14 B+
Cost of Living 37 14 18 B+
Overall 1434 15 16 -

Economic Profile

Governor: John Kasich, Republican

Population: 11,658,609

GDP growth (Q4 2017): 1.8 percent

Unemployment rate (May 2018): 4.3 percent

Top corporate tax rate: None (levies a gross receipts tax)

Top individual income tax rate: 4.997 percent

Gasoline tax: 28.01 cents/gallon

Bond rating (Moody's/S&P): Aa1, stable/AA+, 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 (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

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