Top States for Business

10. Ohio

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The Buckeye State offers very affordable business costs. But for business-friendly regulations, it falls short.

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Ohio State and Ranking

Category 2021 Score 2021 Rank 2019 Rank 2021 Grade
Cost of Doing Business30028A+
Infrastructure224114B+
Life, Health & Inclusion17034--D+
Workforce1403817D-
Economy1511530B
Business Friendliness474732F
Access to Capital142713B+
Technology & Innovation1061513B
Education872111B-
Cost of Living561415B+
Overall14231010--

Economic Profile

Governor: Mike DeWine, Republican

Population: 11,693,217

GDP growth (Q1 2021): 6.4%

Unemployment rate (May 2021): 5%

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

Top individual income tax rate: 4.8%

Gasoline tax: 38.51 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

America's Top States for Business 2021