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Ohio’s Economy

Ohio is an economic engine at the Heart of It All, attracting new investments, growing existing businesses, and spurring long-lasting prosperity.

In 2023

44K+

Private jobs gained, fully recovering private sector job loss from the pandemic

3

“AAA/Aaa” credit ratings were earned in Ohio for the first time in history

$1.33B

Was Ohio’s Venture Capital Investment total

9th

Was Ohio’s U.S. rank in FDI CapEx ($4.2B)

9th

Was Ohio’s U.S. rank in FDI projects (59)

14th

Was Ohio’s U.S. rank in FDI jobs created (4,050)

8th

Was Ohio’s U.S. rank in Industrial Diversity (0.86, U.S.=1), making OH more diverse than CA & NY

Awards & Accolades

#1

Public & Private Combined Infrastructure Investment

#1

For Water Availability in the U.S.

#2

Mega-Project Investment in the U.S.

#3

Overall Economic Development Project Wins in the U.S.

#5

Top State to Do Business

We believe we’re on the front end of a generational opportunity. It’s a very exciting time to be in Ohio.
J.P. Nauseef -
JobsOhio President and CEO
Ohio's Economy graphic divider

The Bottom Line

The East & West Coasts Come to Ohio*

*Since 2019 through December 31, 2023

48

New Companies

$1.11B

New Payroll

$24.89B

Capital Investment

61

Projects

14,097

New Jobs

Economic Competitiveness Vision
2023 Results