Ohio Provides Perfect Balance for High-Tech Industry Companies
November 23rd, 2009, No CommentsTags: high-tech industry, Ohio, Ohio Third Frontier, work-life balance
Published under High-Tech
Instruments, controls and electronics is a high-tech industry consisting of companies that offer goods and services related to the research, development and application of instrumentation, controls and electronics ranging from advanced sensor technology to distributed control systems.
Ohio is home to 159,900 high-tech employees, ranking the state 14th nationally in terms of high-tech employment. In 2007, Ohio's high-tech economy demonstrated its strength in the midst of a global economic downturn by adding 4,700 jobs, the state's 3rd consecutive year of net growth.
The state’s high-tech industry is boasted through support of innovative programs such as Ohio Third Frontier, an unprecedented and bipartisan commitment to expand Ohio's technological strengths and promote commercialization that leads to economic prosperity throughout Ohio. Since its inception, the program has created or capitalized more than 500 companies and has created $6.6 billion in economic impact in Ohio, a 10:1 return on investment.
Ohio's supply chain, workforce, innovative incentives, market access, low business and personal taxes, and work-life balance present a strong value proposition for high-tech companies analyzing potential investment locations. Click here to find out more about Ohio’s high-tech industry.