Ohio Improves Business Climate According to CNBC Report
August 10th, 2009Tags: business climate, CNBC, Education, Ohio, Ohio Third Frontier
Ohio’s purposeful redesign of its business climate received national recognition as one of America’s top states for business. CNBC ranked Ohio 29th in America’s Top States for Business 2009 rankings – an improvement over last year’s 30th place ranking (tie with Illinois).
The CNBC report examined 40 measurements across 10 categories. Among Ohio’s strengths, the state was ranked second in the nation for its transportation infrastructure, remained strong with a rank of 15th in education, and improved its rankings both in technology and innovation (from 17th to 10th) and access to capital to promote business development (from 20th to 14th). Ohio’s rank in both transportation and technology and innovation place the state among the top ten in the nation in those categories. Click here for a breakdown of Ohio’s ranking.
Ohio’s strengths in each category are a result of innovative programs aimed at improving Ohio’s overall environment such as the Ohio Third Frontier, an unprecedented and bipartisan commitment to expand Ohio's technological strengths and promote commercialization that leads to economic prosperity throughout Ohio, and the state’s K-12 education system. The state is recognized nationally and worldwide as a business location with unbeatable access to Midwestern, Central Canadian and Mid-Atlantic markets, and with its sophisticated transportation infrastructure represents a strong global platform to route goods and services to anywhere in the world. Ohio is within 600 miles of 60 percent of the U.S. population and 50 percent of the Canadian population.
The state’s recognition and continued improvement are evidence that Ohio’s economic development strategies for creating a healthy business development climate in the state are working and further prove that Ohio should be on every CEO’s list of location options. In addition, executives are able to find the perfect balance between successfully growing a business and enjoying life in Ohio.
