Each year, CNBC ranks the best states in which to do business, based on a variety of factors. Last year, Ohio did well, placing 10th on the list. This year, this success has crumbled a bit. On the 2022 version of the list, Ohio is 15th.
As the Axios report pointed out, it’s always a point of pride to be ranked so high, but there’s plenty of room for improvement if the state is to remain competitive.
Positives for Ohio include infrastructure and ease of shipping goods by air, road, river, and rail. The report’s authors gave weight to our focus on technological innovation, the relatively low cost of living and numerous tax incentives for businesses – although this may not be going as officials had it. planned with companies such as Intel.
On the other hand, a growing number of factors prevent us from attracting and retaining employers. What Axios called “hard” business regulation is an issue (in this category, CNBC ranked Ohio a dismal 43rd), as is the lack of potential employees with science, technology, engineering, and math backgrounds.
CNBC also reviewed “life, health and inclusion”, which examined protections against discrimination, voting rights laws, quality of health care and crime rates. On this front, we ranked 29th.
For comparison, CNBC’s top state for business in 2022 was North Carolina. The worst was our old friend Mississippi.
Ohio lawmakers, economic development and education officials have work to do (for us, not for themselves) if taxpayers are to believe they are taking their responsibility to keep pushing forward seriously. the state; and to do better for all Ohio residents. It seems like we’ve been backsliding lately — and the elected officials who intentionally push us in that direction are getting what they’ve been looking for.
Employers demonstrate that they will not tolerate it; neither do the voters