SOURCE: Ohio Business Development Coalition

December 19, 2006 10:15 ET

Ohio Ranks Best in the Midwest for Business Environment

State Tops National List of Most Attractive Climates for Capital Investments

COLUMBUS, OH -- (MARKET WIRE) -- December 19, 2006 --A new report ranks Ohio No. 1 in the Midwest in terms of business climate. Released by Site Selection Magazine, one of the nation's leading location assistance publications, the report ranks Ohio as third in the nation among the states most attractive for investment capital. Ohio moves up on the list after claiming fourth in 2005.

"Ohio offers everything you need to build a business while achieving your personal aspirations," said Ed Burghard, executive director of the Ohio Business Development Coalition, a nonprofit organization that provides marketing strategy and implementation to support Ohio's economic development efforts. "It's a central location supported by a world class logistics infrastructure, easy access to markets, a large, skilled labor pool -- and Ohio's 2005 tax and tort reforms have made the state even more attractive to businesses," Burghard said. "Plus, Ohio offers a tapestry of cultural, recreational and educational opportunities that promote a full, balanced life."

Officials for Site Selection Magazine said they base 50 percent of the ranking on a survey of corporate site-selection executives and 50 percent on a state's performance in four categories including: the state's overall rank in total qualifying new or expanded projects in 2005; new plant performance from 2003-2005; rank per million population; and rank per 1,000 square miles. The corporate site selectors then indicate which 10 states they think have the best business climate based on their experience of managing property assets around the country.

As further proof that Ohio offers a superior business environment, the state is home to 62 Fortune 1000 company headquarters including Procter & Gamble, Kroger, Goodyear Tire and Rubber, Cintas, Cinergy, Western & Southern Financial, Federated Department Stores, Mettler-Toledo International, Cardinal Health, Wendy's International, Hexion Specialty Chemicals, Inc., Nationwide Insurance, Cooper Tire & Rubber, Scotts Miracle-Gro, Greif, Lincoln Electric, Sherwin Williams, Eaton Corporation and many others.

About the Ohio Business Development Coalition

The Ohio Business Development Coalition (OBDC) is a nonprofit organization that provides marketing strategy and implementation to support Ohio's economic development efforts. It is funded with a combination of public and private sector funds. The objective of the OBDC is to provide the Ohio Department of Development, the state's regional economic development organizations and chambers qualified leads and tools to retain and expand Ohio companies, and attract new companies to Ohio.

For more information, please visit To access the complete report from Site Selection Magazine, visit

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