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Ohio Score and Ranking
| CATEGORY | 2024 SCORE | 2024 RANK | 2023 RANK | 2024 GRADE |
|---|---|---|---|---|
| INFRASTRUCTURE | 246 | 13 | 6 | B+ |
| WORKFORCE | 172 | 38 | 39 | F |
| ECONOMY | 181 | 26 | 21 | C- |
| QUALITY OF LIFE | 187 | 21 | 23 | C+ |
| COST OF DOING BUSINESS | 219 | 2 | 4 | A+ |
| TECHNOLOGY & INNOVATION | 169 | 12 | 16 | B+ |
| BUSINESS FRIENDLINESS | 135 | 24 | 40 | C+ |
| EDUCATION | 59 | 33 | 40 | B- |
| ACCESS TO CAPITAL | 54 | 10 | 5 | B |
| COST OF LIVING | 42 | 4 | 3 | A |
| OVERALL | 1464 | 5 | 12 |
Economic Profile
Governor: Mike DeWine, Republican
Population: 11,785,935
GDP growth (Q1 2024): -0.3%
Unemployment rate (May 2024): 4.2%
Top corporate tax rate: None
Top individual income tax rate: 3.5%
Gasoline tax: 56.91 cents/gallon
Bond rating (Moody's/S&P): Aaa, Stable/AAA, Stable
Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
