CNBC’s annual ranking of states for business found Ohio ranked fifth with Michigan just one spot behind and Indiana at ninth.
According to the CNBC website: “CNBC scored all 50 states on 135 metrics in 10 broad categories of competitiveness. The fundamentals of the study, now in its 19th year, are the same as they have always been, identifying the factors companies consider year after year when making site selection decisions, and that states pitch in their efforts to woo business. Each category is weighted based on how frequently states use them as a selling point in economic development marketing materials, with Economy No. 1 this year.”
Ohio ranked first in infrastructure, second cost of doing business, sixth in technology and innovation and seventh in both infrastructure and cost of living. Ohio ranked 17th for quality of life (behind Michigan at 14 but ahead of Indiana at 48). Ohio was near the middle or lower in business friendliness (25 while Michigan was 25 and Indiana 5), economy (26 while Michigan was 18 and Indiana was 19), education (27 while Michigan was 41 and Indiana was 46), workforce (31 while while Michigan was 18 and Indiana was 33).
Overall, North Carolina, Texas, Florida and Virginia rounded out the top five in that order, while Montana (48), Hawaii (49) and Alaska (50) brought up the bottom.
“While these new rankings aren’t surprising, they are encouraging,” said Steve Stivers, President & CEO of the Ohio Chamber of Commerce. “We do still have work to do, but our improvement this year shows that we’re certainly on the right track.”
Ohio was fifth last year, but jumped from 13th to first in infrastructure between last year and this year while it went from fourth to seventh in cost of living.