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 Business | 300 | 2 | 8 | A+ |
| Infrastructure | 224 | 11 | 4 | B+ |
| Life, Health & Inclusion | 170 | 34 | -- | D+ |
| Workforce | 140 | 38 | 17 | D- |
| Economy | 151 | 15 | 30 | B |
| Business Friendliness | 47 | 47 | 32 | F |
| Access to Capital | 142 | 7 | 13 | B+ |
| Technology & Innovation | 106 | 15 | 13 | B |
| Education | 87 | 21 | 11 | B- |
| Cost of Living | 56 | 14 | 15 | B+ |
| Overall | 1423 | 10 | 10 | -- |
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
