Business for Sale Marketplace - A Single Platform for Entrepreneurs & Dealmakers Login | About us | FAQ

State Resources


Ohio Business Resources

As a part of the grain belt, agriculture has always played a significant role in Ohioís economy. Soybeans, corn, dairy products and hogs are currently among the top of the stateís agricultural outputs. The agriculture industry also spawned the growth of the manufacturing sector, which got its start in Ohio through the production of farm tools and machinery. Ohio is a leading producer of automobiles and automotive parts. Despite the historic strength of manufacturing to the state, its relative size in the state economy has been steadily shrinking. As the manufacture of durable goods slowed, increases in the service sector have helped to diversify the state economy. Finance, insurance and real estate are now among the stateís top service-sector industries.

Business Data

Per Capita Real GDP$34,609 Rank: 28/50 (2006)
Population11,353,100 Rank: 7/50 (2000)
Per Capita Personal Income$33,338 Rank: 29/50 (2006)
Unemployment Rate5.50% Rank: 39/50 (2008)
Business Tax Climate IndexRank: 46/50 (2008)
Corporate Tax Rate5.1% - 8.5%
Individual Tax Rate 0.58% - 5.92%
Sales Tax Rate 5.5%

Business Tax Climate Index

Individual Income Tax Index Rank48
Sales Tax Index Rank36
Unemployment Insurance Tax Index Rank11
Property Tax Index Rank44
Business Tax Climate Index46
Corporate Tax Index Rank37

State Information

AbbreviationOH
CapitalColumbus
Nick NameBuckeye State
State Web Sitehttp://www.ohio.gov
MottoWith God, all things are possible

Top 5 Export Partner Countries

Canada, Mexico, Japan, China, Germany

Top 5 Export Merchandise

Primary Metals Sales Transportation Equipment Sales Transportation Equipment Manufacturing Chemicals Manufacturing Primary Metals Manufacturing

Major Cities

Cincinnati, Cleveland, Columbus

GDP

Total Gross Domestic Product (USD Millions) $466,309.00 (2007)
Per Capita Real GDP (USD)$34,040.00 Rank: 33 (2007)

Population Stats

Population 11,485,910 Rank: 7 (2008)

Age Distribution

Under 18 Population2,888,340
Under 18 Percent of Total Population25%
65 and older Population1,507,760
65 and older Percent of Total Population13%

Gender Distribution

Male Population48.6%
Female Population51.4%
Non-English Speaker (at home)528,782
Net International Immigration75,142
Birth Rate13%
Percent of People Under Poverty Level13%
Rank23

Expenditure

Per Capita State Spending$54,861
Rank21
Energy Expenditures per Person$3,929
Expenditures of State and Local Government Employee-Retirement Systems$8,207,323

Revenue

Personal Income$37,446
Rank29
State Internal Revenue Collection$105,772,774
Rank8
Cash and Deposits by State Government$4,239,410
Per Capita State Tax Collection$2,141
Rank34

Education

High School Graduation Rate74.3%
Rank24
Percent of Population with a Bachelor's Degree14.8%
Rank40
Percent of Population with an Advanced Degree8.5%
Rank30

Largest Universities

Kent State University Ohio State University, Columbus The University of Cincinnati
High School Graduation Rate74.3%

Logistics

Public Road Length (Mile)125,107 (2005)
Gas Tax Rate (%)28%
Highway Planning and Construction (USD Thousands)1,215,672
Number of Public Airports170

Main Airports

CLE: Cleveland DAY: Dayton LCK: Columbus TOL: Toledo

Ports

Ashtabula Cincinnati Cleveland Conneaut Fairport Harbor Kelleys Island Lorain Marblehead Sandusky Toledo

Weather


Map



View Larger Map

State Business Links

The Columbus Dispatch
http://www.dispatch.com

Secretary of State

Ohio Small Secretary of State
http://www.sos.state.oh.us/
Oversees state records, elections and voting, registration of corporations and organizations, and similar functions. Includes election results.

Small Business Administration

Ohio Small Business Administration
http://www.sba.gov/localresources/district/oh/
The U.S. Small Business Administration (SBA) was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation. We recognize that small business is critical to our economic recovery and strength, to building America's future, and to helping the United States compete in today's global marketplace. Although SBA has grown and evolved in the years since it was established in 1953, the bottom line mission remains the same. The SBA helps Americans start, build and grow businesses. Through an extensive network of field offices and partnerships with public and private organizations, SBA delivers its services to people throughout the United States, Puerto Rico, the U. S. Virgin Islands and Guam.

Top 10 Business Links

Northeast Ohio International Business Network
http://neoibn.org/
The Northeast Ohio International Business Network is an volunteer and experienced group of international business, dedicated to increasing economic growth in Northeast Ohio. They host networking receptions and programs on relevant international business topics. Membership of this organization is fee and applications are available on the website.
Northeast Ohio Trade & Economic Consortium
http://www.neotec.org/
The Northeast Ohio Trade and Economic Consortium (NEOTEC) is a non-profit organization whose purpose is to promote economic opportunities in Northeast Ohio. One of its main objectives is to develop the regionís transportation infrastructure to enhance export and import distribution.
Ohio Business Development Coalition
http://www.ohiomeansbusiness.com/
The Ohio Business Development Coalition provides a website dedicated to highlighting Ohioís economic attractiveness and providing information about doing business in Ohio. The website highlights Ohioís key industries, regions, markets, workforce, and education.
Ohio Department of Development
http://www.odod.state.oh.us/
This is the official website of the Ohio Department of Development. The Departmentís mission is to provide assistance to all who are dedicated to promoting the economic prosperity of Ohio. It provides financial, informational, and technical support.
Ohio Small Business Council
http://www.ohiochamber.com/SmallBusiness/
The Ohio Small Business Council represents all members of the Ohio Chamber of Commerce with less than four hundred employees. The chamber analyzes legislation effecting small businesses and expresses the opinions of small businesses to the politicians. The website contains the Councilís legislative agenda and key events.
Ohio Small Business Development Center
http://www.business.uc.edu/sbdc
The University of Cincinnati provides free consulting for small businesses in Ohio. The site also includes several helpful external links for current and future small business owners.
Ohio State University CIBER
http://fisher.osu.edu/international/
Ohio State Universityís Center for International Business Education & Research attempts to provide information to globalize business students and professionals. The center puts on several events each year to promote this cause.
South Central Ohio Minority Business Council
http://www.scombc.org/
The councilís main goal is to provide a connection between minority businesses and their corporate counterparts. All members must abide by the regulations put forth by the council. Each year, several events and programs are put together to foster the communication between the minority business enterprises and the corporate members.
U.S. Export Assistance Center of the Great Lakes Area
http://www.buyusa.gov/greatlakes/
The Great Lakes branch of the Department of Commerce, serving Ohio, Indiana, Michigan, Tennessee, and Kentucky; specializes in helping small to medium sized companies develop and execute exporting strategies. Fees vary and are based on the service being provided.

Featured Brokers
Lakes Business Group, Inc
Confidential, discreet professional services to privately held business owners.Specialists in 401k/IRA business funding.VR has sold more businesses in the world than anyone.ģ
https://lakesbusinessgroup.com
Coldwell Banker Mergers & Acquisitions
Coldwell Banker Mergers & Acquisitions brings together buyers and sellers of businesses across the United States, from main street to the mid-market
www.coldwellm-a.com
Sunbelt Business Brokers of Atlanta
Sunbelt Business Brokers offers professional and reliable services for clients who are interested in buying and selling privately held businesses, mergers & acquisitions in the Atlanta, Georgia areas.
www.sunbeltatlanta.com
BTI Group / Business Team
Business Team, a unit of BTI Group, is the largest Business Brokerage firm in the Western United States specializing in arranging the purchase and sale of privately owned companies
www.business-team.com


Subscribe to our Newsletters

Subscribe