Ohio Ranks Third Nationally in Economic Development Projects
Ohio's Economic Development Milestone
Ohio has achieved significant recognition in the realm of economic development, securing the No. 3 position nationwide for both total economic development projects and projects per capita. This accomplishment is highlighted in Site Selection's latest rankings, reinforcing Ohio's status as a leader in fostering economic growth. The state has consistently remained in the top five for economic performance over the past several years, underscoring its resilience and business-friendly climate.
Record-Breaking Year for JobsOhio
In 2024, JobsOhio celebrated its most successful year since its inception in 2011, facilitating nearly 600 project completions and generating an impressive $20 billion in capital investment. This surge in project completions translates into countless new jobs statewide, enhancing Ohio's economy and quality of life for its residents.
State Leadership and Community Impact
Governor Mike DeWine remarked on this remarkable achievement, emphasizing the importance of a cohesive strategy that includes investments in infrastructure and workforce training. His administration's approach has cultivated an inviting atmosphere for both businesses and residents, contributing to Ohio's growth trajectory. It's clear that the strategic alignment of talent and resources sets Ohio apart as a hub of economic activity.
Highlights of Ohio's Achievement in Economic Development
Key highlights from the 2025 rankings further illustrate Ohio's exceptional standing:
- NATIONAL LEADERSHIP: Finalizing the No. 3 ranking overall and improving to No. 3 in per capita projects.
- REGIONAL DOMINANCE: Securing No. 2 in cumulative and per capita rankings for the East North Central region.
- CONSISTENT EXCELLENCE: Ohio's continuous presence in the top five for project completions since 2019 showcases its stable economic environment.
- STATEWIDE IMPACT: With 20 communities making it into Site Selection's top 100, Ohio is truly a center of economic activity.
- MASSIVE INVESTMENT: Attracting a staggering $20 billion in new capital investments in 2024 emphasizes the confidence businesses have in Ohio's future.
Key Projects Transforming Ohio's Economic Landscape
Ohio's strategic initiatives have led to groundbreaking projects that are reshaping the state's economic landscape. Major investments by prominent companies such as Anduril Industries, Cenovus Energy, and AWS are evidence of this. For instance, Anduril’s hyperscale manufacturing campus is expected to create 4,000 new jobs, underlining the immense potential for job creation and economic expansion in Ohio.
Moreover, Cenovus Energy's commitment to establishing its U.S. regional headquarters in Ohio, backed by a substantial investment of nearly $1.5 billion, highlights the attractiveness of the state's favorable business conditions. Additionally, AWS's planned $10 billion expansion for data centers promises to bolster job opportunities and infrastructure in the region, making Ohio a key player in the tech sector.
Ohio's Performance Among Major Cities
The success of Ohio is also reflected in the accomplishments of its cities across various metropolitan categories. Cincinnati has emerged as a key player, ranking No. 7 for cumulative projects among Tier 1 metros and climbing to No. 5 in per capita rankings. Columbus and Dayton have maintained strong standings as well, demonstrating Ohio's capacity for growth across various urban centers.
Ohio's Strong Micropolitan Representation
In terms of micropolitans, Ohio shines brightly, with six communities securing positions among the top seven nationally. Findlay leads the way, achieving an impressive 11 consecutive years at No. 1 for project volume, with notable contributions from communities like Defiance and Dover, further cementing Ohio's reputation as a breeding ground for economic development.
A Comprehensive Approach to Economic Growth
JobsOhio, under the leadership of President and CEO J.P. Nauseef, continues to foster an environment of collaboration and intentionality in economic development efforts. The convergence of various industries in Ohio is paving the way for powerful economic clusters, particularly in sectors like advanced air mobility, life sciences, and microelectronics.
Overall, the recent data reflects the flourishing economic landscape in Ohio, with diverse industries harnessing the state's potential for innovation and growth. With strategic investments and sustained efforts, Ohio is positioned for a promising economic future.
Frequently Asked Questions
What is Ohio's recent ranking in economic development?
Ohio has ranked No. 3 for total economic development projects and No. 3 for projects per capita in the latest Site Selection rankings.
How many projects did JobsOhio complete in 2024?
JobsOhio completed nearly 600 projects in 2024, marking a record year for the organization.
What are some major investments made in Ohio recently?
Notable investments include Anduril Industries' campus, Cenovus Energy's new headquarters, and AWS's data center expansion.
How do Ohio's cities rank in economic development?
Cincinnati ranks No. 7, Columbus No. 8, and Dayton leads in its category, showcasing the state's diverse economic landscape.
What does JobsOhio do?
JobsOhio is a nonprofit organization focused on driving job creation and attracting businesses to Ohio through various economic development initiatives.
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