Annual Report 2023: Ohio’s Economy

Ohio is on the move thanks to several favorable economic factors that make us an attractive state to operate in and grow.

Due to high tax rates, expensive real estate prices, and more stringent regulations, a significant amount of businesses are seeking to move their operations away from coastal states and into other regions such as the Midwest. With advantageous financial conditions, like a diverse economic environment, a highly productive workforce, and a central location, many business owners are looking at Ohio as a serious contender to house their operations and foster their future prospects. With Ohio’s pro-business regulatory environment and affordable living costs, companies and their employees can not only experience sustainable economic growth but also a higher quality of life. While other states struggle to cope with ongoing economic and geographic challenges, Ohio and its workers are both poised for a future of continued success.