Top States for Business

5. Ohio

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Ohio Score and Ranking

CATEGORY 2025 SCORE 2025 RANK 2024 RANK 2025 GRADE
ECONOMY2302626C
INFRASTRUCTURE284113A+
WORKFORCE1653138D+
COST OF DOING BUSINESS22922A+
BUSINESS FRIENDLINESS1402524C+
QUALITY OF LIFE1531721C+
TECHNOLOGY & INNOVATION169612B+
EDUCATION532733C+
ACCESS TO CAPITAL51710A-
COST OF LIVING4174B
OVERALL151555

Economic Profile

Governor: Mike DeWine, Republican

Population: 11,883,304

GDP growth (Q1 2025): -0.1%

Unemployment rate (May 2025): 4.9%

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, Energy Information Administration (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

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