Ohio Business Resources |
| As a part of the grain belt, agriculture has always played a significant role in Ohio’s economy. Soybeans, corn, dairy products and hogs are currently among the top of the state’s 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 state’s top service-sector industries. |
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Business Data |
| Per Capita Real GDP | $34,609 Rank: 28/50 (2006) |
| Population | 11,353,100 Rank: 7/50 (2000) |
| Per Capita Personal Income | $33,338 Rank: 29/50 (2006) |
| Unemployment Rate | 5.50% Rank: 39/50 (2008) |
| Business Tax Climate Index | Rank: 46/50 (2008) |
| Corporate Tax Rate | 5.1% - 8.5% |
| Individual Tax Rate | 0.58% - 5.92% |
| Sales Tax Rate | 5.5% |
Business Tax Climate Index |
| Individual Income Tax Index Rank | 48 |
| Sales Tax Index Rank | 36 |
| Unemployment Insurance Tax Index Rank | 11 |
| Property Tax Index Rank | 44 |
| Business Tax Climate Index | 46 |
| Corporate Tax Index Rank | 37 |
State Information |
| Abbreviation | OH |
| Capital | Columbus |
| Nick Name | Buckeye State |
| State Web Site | http://www.ohio.gov |
| Motto | With 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 Population | 2,888,340 |
| Under 18 Percent of Total Population | 25% |
| 65 and older Population | 1,507,760 |
| 65 and older Percent of Total Population | 13% |
Gender Distribution |
| Male Population | 48.6% |
| Female Population | 51.4% |
| Non-English Speaker (at home) | 528,782 |
| Net International Immigration | 75,142 |
| Birth Rate | 13% |
| Percent of People Under Poverty Level | 13% |
| Rank | 23 |
Expenditure |
| Per Capita State Spending | $54,861 |
| Rank | 21 |
| Energy Expenditures per Person | $3,929 |
| Expenditures of State and Local Government Employee-Retirement Systems | $8,207,323 |
Revenue |
| Personal Income | $37,446 |
| Rank | 29 |
| State Internal Revenue Collection | $105,772,774 |
| Rank | 8 |
| Cash and Deposits by State Government | $4,239,410 |
| Per Capita State Tax Collection | $2,141 |
| Rank | 34 |
Education |
| High School Graduation Rate | 74.3% |
| Rank | 24 |
| Percent of Population with a Bachelor's Degree | 14.8% |
| Rank | 40 |
| Percent of Population with an Advanced Degree | 8.5% |
| Rank | 30 |
Largest Universities | Kent State University
Ohio State University, Columbus
The University of Cincinnati |
| High School Graduation Rate | 74.3% |
Logistics |
| Public Road Length (Mile) | 125,107 (2005) |
| Gas Tax Rate (%) | 28% |
| Highway Planning and Construction (USD Thousands) | 1,215,672 |
| Number of Public Airports | 170 |
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. |
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| Ohio Business Development Coalition |
| http://www.ohiomeansbusiness.com/ |
| The Ohio Business Development Coalition provides a website dedicated to highlighting Ohio’s economic attractiveness and providing information about doing business in Ohio. The website highlights Ohio’s key industries, regions, markets, workforce, and education. |
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| 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 Council’s 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 University’s 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 council’s 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. |
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