MarketEconomy of Ohio
Company Profile

Economy of Ohio

The economy of Ohio nominally would be the 20th largest global economy according to The World Bank as of 2022. The state had a GDP of $822.67 billion in 2022, which is 3.23% of the United States total, ranking 7th in the nation behind Pennsylvania and ahead of Georgia.

Overview
, a supermarket company based in Cincinnati, is the largest employer of those companies headquartered in the state. lays claim to the "Birthplace of Aviation Pioneers," in which Ohio's aerospace and defense industry is still economically strong. The economy of Ohio nominally would be the 25th-largest global economy behind Sweden and ahead of Nigeria according to the 2013 World Bank projections, and the 24th-largest global economy behind Sweden and ahead of Norway according to the 2013 International Monetary Fund projections. According to the Bureau of Economic Analysis, the state had a projected GDP of $526.1 billion in 2013, up from $517.1 billion in 2012, and up from $501.3 billion in 2011. A 2014 report by the Quantitative Economics and Statistics Practices (QUEST) of Ernst & Young in conjunction with the Council On State Taxation (COST), ranks Ohio third in the nation for friendliest tax environment. The study, entitled "Competitiveness of state and local business taxes on new investment," provides a state-by-state comparison of tax liabilities. The Top 5 states ranked with the lowest effective tax rate on new investment are: (1) Maine (3.0%), (2) Oregon (3.8%), (3) Ohio (4.4%), (4) Wisconsin (4.5%), and (5) Illinois (4.6%). In 2013, Ohio was ranked in the Top 10 among states with the best business climate by Site Selection magazine, based on a business-activity database. The state was edged out by Texas and Nebraska for the 2013 Governor's Cup award from the magazine, based on business growth and economic development. Ohio was ranked No. 11 by the council for best friendly-policy states according to their Small Business Survival Index 2009. The Directorship's Boardroom Guide ranked the state #13 overall for best business climate and #7 for best litigation climate. Forbes ranked it #8 for best regulatory environment in 2009. Ohio was also ranked No. 8 by U.S. News & World Report in 2008 for best high schools. Overall, the state's schools were ranked No. 5 in the nation in 2010. However, by 2016 the state's high school rankings had slipped to #11 according to U.S. News & World Report, and #22 overall in quality by Education Week in 2017. The year ending July 2011 saw the state being ranked fourth in the nation in job creation behind Texas, California, and New York. The state has a developing technology sector, and it is home to over 28,000 employers employing roughly 820,000 people; its rate of technology operations is 14% higher than the US average. In 2009, the state was ranked as the nation's seventh-largest exporter with $34.1 billion. About 092 companies exported in 2009, with transportation equipment accounting for $9.9 billion, machinery $4.9 billion, chemicals $4.4 billion, and computer and electronics products $2.4 billion. ==Major employers==
Major employers
The following is a list of the top ten employers with headquarters in Ohio, . The following is a list of the top Ohioan employers not headquartered in Ohio, . ==Industries==
Industries
Aerospace and defense Dayton is designated as the state's aerospace hub due to its high concentration of aerospace and aviation technology. In 2009, Governor Ted Strickland designated Dayton as Ohio's aerospace innovation hub, the first such technology hub in the state. Aircraft engine manufacturing accounts for nearly 75% of Ohio's aerospace and defense industry workforce. , headquartered in Evendale, is a major manufacturer of aircraft engines. In 2010, EPISCENTER, a new R&D center for the corporation to be located in Dayton, was announced by the Third Frontier program. Aircraft engine manufacturing accounts for nearly 75% of Ohio's aerospace and defense industry workforce. The aerospace and defense industry employs 16,000 Ohioans. Recently the states' employees have ranked No. 1 in value produced per worker. Boeing's Central Ohio Aerospace and Technology Center in Heath is a venture amongst five of the top 10 U.S. defense contractors, including Atlantic Inertial Systems, Honeywell, Kearfott, Northrop Grumman, L3 Communications, and Raytheon, which is also the headquarters of the Air Force Metrology and Calibration Program Office. RTI International Metals's location in Niles produces titanium used in every France-based Airbus aircraft. RTI was originally headquartered in Niles before moving to Pittsburgh in the 21st century, while Airbus has invested $4.3 billion in the state. Makino's Titanium Research and Development Center is located in Mason. Nextant Aerospace has manufacturing facilities at the Cuyahoga County Airport. . Defense systems play a smaller role in the industry. Ohio corporations were awarded around $5.5 billion of United States Department of Defense procurements. and Armor Holdings Aerospace and Defense Group in Fairfield. The Joint Systems Manufacturing Center in Lima, in cooperation with General Dynamics, assembles armored combat vehicles, including the Expeditionary Fighting Vehicle and M1A2 Abrams tank. Columbus-based Zyvex Performance Materials develops the Piranha Unmanned Surface Vessel. Gravitational Energy Corporation, located in Cuyahoga Falls, proliferates Gravity Assisted Power (GAP) machines in cooperation with DriPowder, LLC to the military. The United States Department of Defense currently maintains a large Supply Center in Whitehall, a suburb of Columbus. Wright-Patterson Air Force Base, located in Dayton, and partially named for the Wright Brothers from Ohio who are credited with inventing the airplane, employs 27,400 residents. The Air Force estimates that Wright-Patterson's annual economic impact on the Dayton region is $5.1 billion. Bioscience , home to the Case Medical Center and neighboring Cleveland Clinic, which is set to begin human clinical trials of their breast cancer vaccine in 2011. Netherlands-based Philips Healthcare is currently constructing a medical imaging research and development center in the neighborhood, referred to as the Cleveland Health-Tech Corridor. As of 2008, there were over 1,100 biotech related firms operating in the state, employing 1.4 million residents overall in direct or indirect related fields, including healthcare, with $2.5 billion in investment in 2007. Ohio had three city-regions in the top 30 biotech locations in the country, with Cleveland-Akron ranked No. 20, Columbus #22, and Cincinnati #28. The overall economic impact of the bioscience industry in Ohio, including healthcare, amounted to $148.2 billion in 2007, representing 15.7% of Ohio's economic output. Healthcare is ranked one of the nation's top hospitals with ratings from U.S. News & World Report, Forbes, and Healthgrades. Major hospital employers include the Cleveland Clinic Health System with 41,400 employees, Mercy Health Partners in Cincinnati with 28,200, University Hospitals of Cleveland with 21,800, OhioHealth in Columbus with 15,300, ProMedica in Toledo with 14,500, and Premier Health Partners in Dayton with 14,000. Welltower, an S&P 500 company headquartered in Toledo, is a major healthcare real estate firm. In 2011, Dayton was ranked the #3 city in the United States for "excellence in health care". The ranking is from HealthGrade's list of America's Top 50 Cities for Hospital Care. Other Ohio cities listed include Cincinnati at #6 and Cleveland at #16. Also in 2011, the cities of Cincinnati and Dayton were ranked No. 1 and #4 in the nation for emergency room care. Then in 2013, HealthGrades ranked the Dayton region number one in the nation for the lowest hospital mortality rate. Ohio medical facilities include the Cleveland Clinic, which has locations throughout the world. In 2009, U.S. News & World Report ranked the clinic as the fourth best hospital in the country, and the #1 heart center in the country for the 15th year in a row. The Ohio State University Medical Center was ranked No. 21. Overall, the magazine ranked 16 Ohio hospitals among the best hospitals in the nation, making the state #3 in the country in total. The Cincinnati Children's Hospital Medical Center ranked No. 6 in the nation for pediatric hospitals, and overall, four children's hospitals in Ohio ranked among the best. Apart from U.S. News & World Report, in 2010, HealthGrades ranked nine Ohio hospitals in the top 50 in the United States and 27 of Ohio's hospitals as Distinguished Hospitals for Clinical Excellence, with the majority of these hospitals in the Cleveland and Dayton areas. They also ranked 37 Ohio hospitals in the 5% of the country for emergency care service. Child magazine ranked Cincinnati Children's #4, Nationwide Children's Hospital in Columbus #6, including #1 for emergency care, and Rainbow Babies & Children's Hospital in Cleveland #9. University Hospitals Case Medical Center in Cleveland was named in the top 15 for major teaching hospitals, while Riverside Methodist Hospital in Columbus and Hillcrest Hospital in Mayfield Heights ranked in the top 16 for minor teaching hospitals. Southwest General Health Center in Middleburg Heights was ranked in the top 15 for large community hospitals, and Mercy Hospital Clermont in Batavia Union Hospital in Dover Sycamore Medical Center in Miamisburg and Wooster Community Hospital in Wooster ranked in the top 16 for medium-sized community hospitals. In 2009, Thomson-Reuters named the Kettering Medical Center in Kettering, The Ohio State University Medical Center in Columbus, Good Samaritan Hospital in Cincinnati, and Grandview Medical Center in Dayton to their top 30 list of teaching hospitals with cardiovascular programs. Pharmacies Ohio is home to pharmacy chains including Discount Drug Mart in Medina, and previously Phar-Mor, which was headquartered in Youngstown, and Revco, which was headquartered in Twinsburg. Education Ohio's medical colleges are sixth in the nation in terms of economic impact, resulting in 425,000 direct or indirect positions and $37.2 billion. The University System of Ohio is the nation's largest comprehensive public system of higher education. Member universities include the University of Cincinnati, which has a $3+ billion annual economic impact and is the largest employer in Cincinnati, Kent State University, which contributes a $1.9 billion economic impact in Northeast Ohio, and the University of Toledo, which contributes a $1.1 billion economic impact in Northwest Ohio. Agriculture es are an example of why Ohio's agriculture industry has deep relations with Ohio's food processing industry. Ohio is the 3rd largest producer of tomatoes out of all 50 states in the United States, and, in turn, the world's largest ketchup processing plant is located in Fremont. The number of farms in Ohio stood at 75,462 as of 2018. Horticulture and floriculture Ohio is a producer of horticulture products, from greenhouse and nursery plants to bulbs. The state is a producer of white ash trees for landscaping, totalling 25,000 annually. California, Florida, Texas, Michigan, and Ohio accounted for 42% of the nation's production of bedding plants in 2002. Oberer's Flowers, headquartered in Dayton, is the nation's fifth-largest florist, while Aris Horticulture, headquartered in Barberton, is active in research and breeding. Lake County Nursery offers over 1,000 varieties of plants and California-based Monrovia Nursery Company operates nurseries in Springfield. Energy (formally called the British Petroleum Tower) located in Cleveland The energy sector of Ohio is composed of thousands of companies and cities representing the oil, natural gas, coal, solar, wind energy, fuel cell, biofuel, geothermal, hydroelectric, and other related industries. Ohio is second nationally in solar energy industry manufacturing as Toledo is considered a national solar hub, nicknamed "Solar Valley." In 2021, First Solar announced its third Ohio facility, a new $680 million photovoltaic panel manufacturing plant in suburban Toledo that will bring its total production capacity in the state to nearly 6 gigawatts annually. Oil and natural gas accounts for $3.1 billion annually in sales while ethanol generates $750 million. The state is recognized internationally as the "Fuel Cell Corridor", and Hamilton is poised to become the biggest municipal provider of renewable energy in the Midwest, and one of the largest in the country, with over 70%. In 2008, the state led the country in alternative energy manufacturing according to Site Selection Magazine, while the natural gas industry has experienced growth due to the Great Shale Gas Rush. Several notable energy companies are headquartered in the state, including American Electric Power, Columbia Gas of Ohio, DPL Inc., Marathon Petroleum Company, American Municipal Power, Inc., Cliffs Natural Resources, Murray Energy, FirstEnergy, Oxford Resource Partners LP, AB Resources, American Hydrogen Corporation, and IGS Energy. Rolls-Royce North America's Energy Systems Inc., a subsidiary of United Kingdom-based Rolls-Royce plc, is headquartered in Mt. Vernon, specializing in gas compression, power generation, and pipeline technologies. Ultra Premium Oilfield Services and V&M Star Steel operate steel production facilities in the state, which cater to energy exploration. Ohio consumed 160.176 TWh of electricity in 2005, fourth among U.S. states, and has a storied history in the sector, including the first offshore oil drilling platform in the world, and a modern, renewable energy economy along with the traditional nuclear, oil, coal, and gas industries. Research and development Ohio is a major research and development center, home to many institutions. In 2008, institutions and companies in the state won 10 R&D 100 Awards, given annually to the top 100 innovations recognized by R&D Magazine, finishing second behind California. Ohio State University is among the country's top public research institutions at #7. Ohio is ranked in the top eight for states conducting clinical trials, including conducting the most clinical trials per capita. In 2006, the state had a high-tech payroll of $9.8 billion, with 155,174 high-tech employees at 10,756 high tech locations. In 2005, industry in Ohio spent $5.9 billion on research and development, with colleges spending $1.5 billion, but by 2009, $8.2 billion in R&D contracts were identified, ranking 13th nationally. Ohio receives around $2.7 billion annually in federal R&D funds, ranking #9. Insurance , New York, and Illinois. Ohio is a major center for insurance corporations, ranking 6th out of all 50 states in the insurance industry, based on overall employment, Ohio's insurance employment is expected to grow continuously at a rate of 9.8%. Almost all Accords are assembled in Marysville. The Accord's Ohio production exceeded 200,000, In June 2010, auto parts manufacturer Sanoh America, located in Streetsboro, announced a $3.5 million, expansion of their North American headquarters, while Austria-based automotive part manufacturer Miba announced $30 million in new investments at production sites around the state. In September of that year, the new R&D facility of Amtex, Inc., a subsidiary of Japan-based Hayashi Telempu Co. based in Lebanon, became operational in Plymouth. Iron and steel Ohio is considered the historical center of steel production in the U.S. The state produces annually around 14.5 million tons, with a $7.2 billion state economic impact. The largest steel foundry in North America is located in Columbus, Columbus Castings. It was formerly part of Buckeye Steel Castings, which traces its root back to the 19th century. Ohio produces between 14% and 17% of the United States' raw steel. The sector of objects made from purchased steel in Ohio ranks 2nd out of all 50 states, V&M Star Steel, a subsidiary of France-based Vallourec, broke ground on a $650 million production facility in Youngstown in June 2010. In August 2010 Arizona-based International Technical Coatings announced plans to construct a , $15 million production facility in Columbus, while Pro-Tec, a joint venture between U. S. Steel and Japan-based Kobe Steel headquartered in Leipsic, announced in September 2010 a $290 million, expansion of existing facilities. In April 2018, Cleveland-Cliffs Inc. broke ground on a $700 million hot-briquetted iron production facility in Toledo, Ohio. When complete in 2020, the plant will process nearly 2.5 million tons per year of iron ore for use in the domestic steel industry. Rubber and plastics in Ohio is largely dominated by Goodyear Tire & Rubber, in terms of revenue, although there are more non-rubber producing Fortune 500 rubber and plastics companies in Ohio than Ohio Fortune 500 rubber and plastics companies that do produce rubber. One of Ohio's historically strong industries is the rubber and plastics industry. Ohio ranks 1st of all 50 states in rubber and plastics production, producing around $17.4 billion of rubber and plastics shipments annually. In August 2011, China-based A3T L.L.C broke ground on their North American headquarters in Akron and signed an R&D agreement with the University of Akron. Other manufacturing History In 1837, William Procter and James Gamble founded a candle and soapmaking business in Cincinnati called Procter & Gamble. In the 1880s, the company introduced the product Ivory, a bar of soap. Eventually they began manufacturing Crisco, and sponsored radio dramas, which led to the name "soap operas". Today Procter & Gamble is the 8th largest company in the world by market capitalization fully diversified in household products, and has 135,000 employees worldwide, with manufacturing operations located throughout the state, and their headquarters still in Cincinnati. In 1866, Henry Sherwin and Edward Williams founded Sherwin-Williams, a general building supplies company, in Cleveland. Their first factory was opened on the Cuyahoga River in 1873, and today the company has four manufacturing and distribution facilities in Ohio, located in Columbus, Cincinnati, Grove City, and Bedford Heights, and numerous locations throughout the country and world, with their world headquarters maintained in Cleveland. The company employs 3,394 residents alone just in the Cleveland-area. In 1879, James Ritty, a saloon owner, invented a mechanical cash register, paving way for its production through the National Cash Register Company, based in Dayton. The company prospered through the 21st century, producing automated teller machines, barcode scanners, and other related products, employing thousands. It was eventually relocated to Georgia in 2009. In 1886 Ohio-native Charles Martin Hall helped pioneer the Hall–Héroult process, which made aluminum inexpensive to produce. He sold his share in 1888 to the Pittsburgh Reduction Company, known today as Alcoa. Alcoa has operations in the state, including facilities in Cleveland which manufacture aluminum wheels for Automobili Lamborghini. Between 1902 and 1911 the Marion Steam Shovel Company, whose founders were Edward Huber, George W. King and Henry Barnhardt, shipped 112 then state-of-the-art power shovels to Panama to dig the Panama Canal. A successor firm also built the crawler-transporters that were used by NASA in the 1960s and 1970s to transport Saturn V rockets to the launch pad at Cape Canaveral to send men into space and to the Moon. In 1907, a janitor named James Spangler working for the Hoover family invented the first electronically portable vacuum cleaner. Production of the device began at a factory in New Berlin (later renamed North Canton), and today the company is known as The Hoover Company, with its headquarters still located in North Canton. In 1918, the Parker Appliance Company was founded in Cleveland, later becoming the Parker Hannifin Corporation. They manufacture motion and control technologies, with locations throughout Ohio, the country, and the world. Their headquarters is maintained in Cleveland, employing 2,201 residents in the local area. In 2004, Ohio was third in the nation for major industrial operations, and second in the nation for total manufacturing payroll. Ohio was third in the nation in manufacturing GDP in 2008, but has lost 106,629 manufacturing jobs and over 1,000 manufacturers since 2007. Crown Equipment Corporation, headquartered in New Bremen, employs 8,300 residents in the state and is the 7th largest manufacturer of heavy-duty equipment in the world. They recently unveiled 20 new fork-lift models employing fuel cell technology, bringing that total product-specific inventory to 29 models. Ametek Technical and Industrial Products is headquartered in Kent and a manufacturer of industrial products with sales of $950 million in 2009. Headquartered in Toledo, Libbey, Inc. is the leading producer of glass tableware products in the Western Hemisphere. Miamisburg-based NewPage Corporation is the largest producer of coated paper in North America, with sales of $3.1 billion. Verantis Corporation, headquartered in Middleburg Heights, is an environmental engineering company. Germany-based ThyssenKrupp has several operations in the state, including AIN Plastics in Columbus, Ken-Mac Metals in Cleveland, Copper and Brass sales divisions in Toledo, Cleveland, and Dayton, a ThyssenKrupp Industrial Services division in Toledo, and a ThyssenKrupp Bilstein of America sales division in Hamilton. ThyssenKrupp Krause is located in Cleveland, Vertical System Elevators in Cincinnati as well as other ThyssenKrupp Elevator divisions in Cincinnati, Westerville, Northwood, and Broadview Heights, and Rotek Incorporated is located in Aurora, which underwent an $82 million facility expansion in 2008. United Kingdom-based Mondi Group has facilities in Lancaster. Brush Wellman is headquartered Mayfield Heights and is a supplier of alloy, precious metals, electronic, and engineered material systems and products, with a major facility in Elmore. Liebert is a manufacturer of environmental, power, and monitoring systems located in Columbus. former headquarters in Newark Headquartered in Cleveland and founded in 1932, MTD Products employs 6,800 residents in the state and is a major manufacturer of heavy duty lawn equipment. Mallory Marine is a manufacturer of aquatic travel components and located in Cleveland. Cincinnati-based Michelman, Inc. is involved in developing water-based barrier and functional coating. Newark-based The Longaberger Company is a manufacturer of home and lifestyle products, and Brooklyn is home to the American Greetings Corporation, the world's largest publicly traded greeting card manufacturer. Sweden-based Trelleborg AB recently announced they were moving their Wheel Systems Americas headquarters from Hartville to Fairlawn. Westlake-based Nordson Corporation is a manufacturer of precision equipment. Parma-based GrafTech International Limited is a manufacturer of carbon and graphite products with facilities on four continents. ESCORT is a manufacturer of radar detection devices and navigational services headquartered in West Chester. New Jersey-based Hartz Mountain Corporation, a pets-product manufacturer, announced an expansion of their existing operations in the state in 2010. Little Tikes is a toy manufacturer headquartered in Hudson. In August 2010, Switzerland-based WICOR announced plans for a manufacturing operation in Urbana, while in September of that year Italian-owned Eurostampa North America announced plans for the construction of a new $7.2 million, facility in the Roselawn neighborhood of Cincinnati, which broke ground later month and will also serve as their headquarters. GE Lighting is headquartered in Cleveland, with manufacturing operations in the state, including Bucyrus, which was awarded $60 million for expansion in September 2010 for the manufacturing of energy-efficient light bulbs. In October 2010, West Virginia-based Simonton Windows announced it was moving its headquarters to Columbus. Deceuninck North America, a subsidiary of Belgium-based Deceuninck NV, is headquartered in Monroe and operates one of the largest vinyl window extruders in North America. Australia-based Blastmaster announced in September 2010 plans to locate their North American headquarters in the Columbus area. In October 2010, California-based Avery Dennison opened their Customer Innovation Center in Miamisburg to showcase their RFID technology. Chemicals Hexion Specialty Chemicals is headquartered in Columbus and is a manufacturer of resins and coatings. KC Robotics, located in Fairfield, is a major distributor of robots, including Yaskawa's Motoman. Robotics Research, located in Cincinnati, is a developer of robotic technology. FANUC Robotics America, Inc. has a regional headquarters located in Mason. Other companies include YAC Robot Systems in Hamilton, Bellevue Manufacturing Company in Bellevue, Panasonic Robotics in Hilliard, Ohio(shares office with INS Robotics) and Adept Technology, which has an office in Cincinnati. Lockheed Martin in Akron manufacturers laser-enhanced sniper systems for the Department of Defense. AT&F Steel in Cleveland operates the largest Hybrid Laser Arc Welding facility in the United States. Elyria-based RIDGID, a division of Missouri-based Emerson, manufacturers hand-held laser devices. Nanotechnology , headquartered on the campus of Kent State University, made early contributions to the liquid crystal display. Kent State University was one of the inventors of the modern liquid crystal display at their Liquid Crystal Institute. Through 2005, Ohio was ranked in the top ten for states with the best environment for nanotechnology development. The Center for Multifunctional Polymer Nanomaterials and Devices at the Ohio State University was awarded $22.5 million from the Third Frontier around the start of the 21st century with a goal of returning $78 million in research and commercialization. The University of Dayton Research Institute was also awarded investments from the state. Other major research institutes include the Institute for Nanoscale Science and Technology at the University of Cincinnati. The University of Toledo is home to professor Abdul-Majeed Azad, a world-renowned nanotechnologist who won a Nano50 Award from NASA in 2007 for developing a method of converting steel mill waste into nanoscale iron particles, and is also a recent recipient of the Fulbright Distinguished Chair Award. Nanotek Instruments, a Dayton area company, is a nanomaterial research and development company focused on bringing nanotechnology into consumer applications. Founded in 1997, Nanotek Instruments currently holds some of the oldest intellectual property on the "wonder material" graphene. Nanotek's current research focuses on using the properties of graphene in energy storage applications such as Li-ion batteries and supercapacitors. Their research on graphene based supercapacitors was selected as one of the top five nanotechnologies of 2010. In 2007, Nanotek Instruments spun off Angstron Materials for the purpose of mass-producing graphene materials. Angstron Materials, also located in Dayton, is currently the world's largest producer of nano graphene platelets. Angstron's graphene platelets are being used in multiple research areas, including energy storage, thermal management, nanocomposites, transparent conducting films, sensor, and lithium-ion batteries. Other Ohio companies involved in nanotechnology development include MesoCoat, the winner of three R&D 100 awards; SRICO in Columbus; Cleveland Clinic; Zyvex Performance Materials (developers of the Piranha Unmanned Surface Vessel); PowderMet, a research and development operation; General Electric, NanoFilm, Procter & Gamble, Battelle Memorial Institute, NanoSperse, First Solar, Goodyear Tire and Rubber, and Midwest Optoelectronics, among others. This is evident in the Dayton region, in part, with the expansion of a distribution center by Caterpillar Inc. and a major Payless ShoeSource distribution center. Transportation and warehousing employs 183,000 Ohioans, amounting to a $12 billion industry, or 3.6% of the GSP. Since 2003, Ohio has added 21,500 logistics jobs. Ohio has the fourth largest rail system, and is ranked third in total economic output at $1.3 billion. The logistics headquarters of ThyssenKrupp Industrial Services North America is located in Northwood. Wooster-based TechniGraphics is a provider of imagery and geospatial services to the U.S. intelligence community. In 2009, CSX began the construction of a $175 million intermodal facility in North Baltimore, employing OCR technology from the Saudi Arabia-based Gulf Stevedoring Contracting Company. As part of their "National Gateway" project, it is a rival to Norfolk Southern's "Heartland Corridor" project. Norfolk Southern operates a large intermodal facility in Columbus as part of their "Heartland Corridor," which the company recently constructed. Cleveland Ships in October 2010 announced a bid to take over Northrop Grumman's shipbuilding operations, and later that month Canada-based Great Lakes Feeder Lines announced the Port of Cleveland was a target for its U.S. international container service headquarters, the first on the Great Lakes. Food processing Ohio's food processing industry produces $23.5 billion in food shipments annually and is #5 nationally. Campbell's operates the world's largest soup processing plant in Napoleon, Heinz operates the world's single largest ketchup processing plant in Fremont, and General Mills operates the world's largest frozen pizza processing plant in Wellston. Major food processing companies in Ohio include Kroger (Cincinnati), T. Marzetti Company (Columbus), The J.M. Smucker Co. (Orrville), The Iams Company (Cincinnati), Shearer's Foods (Massillon), Sunny Delight Beverages (Cincinnati), and Givaudan (Cincinnati). Other food processing sub-industries that Ohio is prominent in include pet food (8.4% of the nation's pet food, ranking in 2nd), ketchup and dressings (7.6% of the nation's ketchup and dressing production, ranking 2nd), cookies and crackers (9.9% of the nation's production, ranking 4th), and soft drinks (6.2% of the nation's production, ranking 4th). Eateries Major eateries headquartered in Ohio include Bob Evans Restaurants and White Castle (Columbus) and Wendy's (Dublin). Buffalo Wild Wings was founded in Columbus in 1982. The first Arby's was located in Boardman. Charley's Grilled Subs is headquartered in Columbus. Perkins Restaurant and Bakery was founded in Cincinnati. TravelCenters of America, which is the second-largest truck stop chain in the country, is headquartered in Westlake. It is also Fortune 500 company. Toledo-based Marco's Pizza was named the fastest growing pizza brand in 2023 and now boasts over 1,100 locations in the United States, with 200 more in development. Wineries and fine dining Through 2008, the state was home to 124 wineries, up from 75 in 1999, producing 4108 employment positions. The industry generated $458 million in revenues and $124 million in wages. 2.2 million visitors toured Ohio's wineries during that year, while the state ranked No. 11 nationally in production and #9 in grape production. Notables include Lake Erie Wineries, Debonne Vineyards, and Ferrante Winery and Ristorante. Cameron Mitchell Restaurants is headquartered in Columbus. Information Ohio-native Thomas Edison helped contribute to the modern communications world through many of his inventions, including his stock ticker, Kinetoscope, phonograph, and his contributions to the telegraph. Ohio resident Granville Woods invented the telegraph, which he sold to the American Bell Telephone Company. Ohio is in the 1st quintile in the information industry, in terms of establishments for the information industry. In 2002, Ohio had reached 4,143 establishments, which are 3% of the United States' information establishments. Major telecommunication employers with headquarters in the state include Cincinnati Bell, Ohio Bell, a subsidiary of AT&T in Cleveland; Ohio Telecom in Port Clinton, RACO Industries in Blue Ash, First Communications in Akron, and Horizon Telcom, Inc. in Chillicothe. Companies with operations in the state include L-3 Communications, Time Warner, AT&T, Verizon, Sprint, SBA Networks, Collabera Inc., Cavalier Telephone, Waveland Communications, Embarq, Open Range Communications, Russell Cellular, and Windstream Communications. Frontier Communications in 2010 announced $150 million in investment in the state to upgrade systems and high-speed internet services. One Call Now, headquartered in Troy, is the nation's largest information notification service and part of INC Magazine's fastest-growing companies list three years in a row, while OneCommand, headquartered in Mason, is an integrated and automated, personalized communications firm. Hyland Software is located in Cleveland and employs 1100+. India-based Tata Group operates an information center in Reno, while a software consultancy subsidiary Tata Consultancy Services located in Milford recently won a Workforce One Investment Board of Southwest Investing in People Award. Virginia-based Computer Sciences Corporation has operations in Dayton, Convergys Corporation, the largest holder of outsourced SAP licenses in the world, is headquartered in Cincinnati. Dublin-based Glomark-Governan is active in Enterprise Value Creation systems. QC Software is headquartered in Cincinnati and a provider of Tier 1 warehouse control systems. Hilliard-based Redemtech, a division of Micro Center, is involved in technology change management. Veeam Software is located in Dublin, and TOA Technologies is active in cloud computing-based mobile workforce management and based in Ohio's "Silicon Suburb" of Beachwood. In July 2010, AT&T announced the construction of a $120 million data center in Akron, their 9th facility dedicated to such for the eastern seaboard of the United States, which was followed by the announcement in August of the construction of a $20 million Involta data facility, also in Akron, which will be constructed to meet LEED certification. In October 2010, South Korea-based Nautilus Hyosung, an ATM manufacturer, began operating their global software headquarters in Miamisburg. In December 2010, France-based Alcatel-Lucent announced a $20.2 million project to move existing operations in Columbus to a new facility in the city, followed by New Jersey-based Zycus, a software company, which announced in January 2011 it was opening offices in the state. Diebold, the world's third largest ATM manufacturer, announced in 2011 it would construct a new $100 million headquarters in the Akron/Canton area. Publishing A main sector of the industry is the publishing sector. Hollywood Toledo, developed and operated by Penn National Gaming, opened 2 weeks later on May 29 followed by Hollywood Columbus, which opened on October 8, 2012. Horseshoe Cincinnati is expected to be the state's fourth and final full-service casino when it opens on March 4, 2013. Ohio has two of the largest amusement parks in North America: Cedar Point in Sandusky and Kings Island in Mason. Other major attractions include the Rock and Roll Hall of Fame in Cleveland; the Pro Football Hall of Fame in Canton; the Bass Islands near Sandusky; the National Museum of the United States Air Force, the world's largest and oldest military aviation museum located in Dayton; The Wilds, one of the world's largest conservation centers located in Cumberland; the Columbus Zoo and Aquarium; Lake Erie; and the annual Arnold Sports Festival in Columbus. Other notable attractions include the Toledo Museum of Art, the National McKinley Birthplace Memorial in Niles, the Egypt Valley Wildlife Area in Belmont County, the Stan Hywet Hall and Gardens in Akron, the Cincinnati Zoo and Botanical Garden, the Great Lakes Science Center in Cleveland, the Center of Science and Industry in Columbus, the Boonshoft Museum of Discovery in Dayton, the 125 historic covered bridges located throughout the state and the Great Serpent Mound in Adams County. Toledo has been home to the National Museum of the Great Lakes since 2014. Docked at the museum, on the right bank of the Maumee River, is the Col. James M. Schoonmaker, a 617 ft. long museum ship that was once the largest freighter on the Great Lakes. Notable hospitality venues include the Ritz-Carlton and InterContinental Suites in Cleveland, Westin's The Great Southern Hotel and the Hyatt Regency in Columbus, and The Cincinnatian Hotel in Cincinnati. Film The motion picture industry has had a steady presence in the state for decades. Production companies include Hemlock Films, Tri-C, Access Video, Creative Technology, Second Story Productions, and Shadetree Films in the Cleveland area; Media Magic Productions, which includes an Emmy-winning producer, and Classic Worldwide Productions in the Toledo area; BCB Productions, Mills James, one of the nation's largest independent production companies, I'AMedia, Arginate Studios, Media Source, and Ascension 7 Films in the Columbus area; and Bright Light Productions, J. Cage Productions, and Panoptic Media in the southwestern Ohio area. Studios and sound stages include RISE Studios and CSI Production Concepts in Cincinnati, Cleveland Audio Visual, and Gaiam Inc. in West Chester. Since the Ohio Film Tax Credit was signed in July 2009, twelve projects have received approval with a combined budget of $76.4 million through spring 2011. In 2010 expenditures on film in the state were estimated to total over $31 million, filming in locations that include Akron and Cincinnati also. In 2011, Marvel Studios announced it would be filming portions of The Avengers in the Cleveland area, the largest film production in state history. Other films that went into production in 2011 included "Boot Tracks" starring Stephen Dorff, "Confession" starring Danny Glover and Melissa Leo, "The Yank" starring Fred Willard, and the film adaptation of "I, Alex Cross". The video game Galaxy Command is also slated for production. Academy Award-winning films with production occurring in Ohio have included Terms of Endearment, The Silence of the Lambs, The Deer Hunter, Rain Man, and Traffic. Other notable films include Air Force One, Men in Black, Shawshank Redemption, The Rainmaker, The Soloist, Eight Men Out, Tango and Cash, Major League, Spider-Man 3, A Christmas Story, and Happy Gilmore. Oil and natural gas Ohio is in the early stages of the development and exploration of the Utica-Point Pleasant deposits in Ohio with more than 1,000 wells drilled. The hydraulic fracturing process enables energy companies to tap into shale deposits to extract oil, natural gas, natural gas liquids, and condensate. Ohio is home to four major oil refineries, with two located in Oregon and one each in Lima and Canton. These facilities represented nearly 600,000 barrels per day of refining capacity . ==Personal income==
Personal income
Ohio had an estimated $575 billion in total personal income in 2018. The mean household income for the top 5% in the state is $296,000. According to the Bureau of Labor Statistics in 2018, the mean wage for Ohioans was $48,220. The highest paid professionals in the state were concentrated in the medical fields. Anesthesiologists, with average mean wage of $285,000, were the highest paid, followed by surgeons at $267,680, obstetricians and gynecologists at $255,560, orthodontists at $228,420, general internists at $219,910, and all other physicians at $212,160. Average mean wage for other selected professionals include chief executive officers at $201,100, computer and information research scientists at $135,510, financial managers at $135,610, postsecondary health specialty teachers at $130,280, human resource managers at $123,680, industrial production managers at $109,190, nurse practitioners at $101,970, and police officers at $61,040. The state of Ohio's residents in 2017 had an overall $45,615 per capita personal income, up from $36,360 in 2010. Ohio's per capita income is 29th in the US and is 91% of the national average. ==Housing==
Housing
According to the United States Census Bureau, there are an estimated 5,045,356 houses in Ohio, of which 4,499,506, or about 89.2% are estimated to be occupied; this is 0.8% above the national average rate of occupation. and that 3,058,721 houses are in some way dependent on utility gas. Clear Capital's Home Data Index in July 2009 showed that Cleveland, Columbus and Cincinnati led the nation in home value increases, up 19.6, 15.6 and 12.9 percent. The top five counties through November 2006 for average listing price were Geauga County at $388,822, Ottawa County at $314,786, Union County at $306,872, Warren County at $267,236, and Hamilton County at $237,965. Some historians suggest Ohio is the birthplace of public housing, having submitted the first application for such to the Public Works Administration in 1933. The state was also the first to establish a local public housing authority. Ernest J. Bohn, a Romanian immigrant to Cleveland, is credited as a pioneer in public housing. Homelessness ==Taxation==
Taxation
A 2014 report by the Quantitative Economics and Statistics Practices (QUEST) of Ernst & Young in conjunction with the Council On State Taxation (COST), ranks Ohio as third in the nation for friendliest tax environment. The study, "Competitiveness of state and local business taxes on new investment," provides a state-by-state comparison of tax liabilities. The top five states ranked with the lowest effective tax rate on new investment are: (1) Maine (3.0%); (2) Oregon (3.8%); (3) Ohio (4.4%); (4) Wisconsin (4.5%); and (5) Illinois (4.6%). Below are the simple personal income tax rates for Ohio: ==See also==
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