COLUMBUS — Ohio business leaders and economics experts recently unveiled data showing Ohio’s economic competitiveness has improved in the last five years, jumping from 24th most competitive among the 50 states in 2018 to 13th in 2023.
The study, led by economists Dr. Timothy Nash of Northwood University and Dr. Jing Li of Miami University, also identified several issues deserving future attention.
“This study shows Ohio’s competitive standing jumped from 24th in 2018 to 13th in 2023 among all 50 states,” said Nash noting “gains primarily generated by improvements in Ohio’s tax structure, a drop in Ohio state debt per capita, an improved opinion of Ohio’s business climate among national business leaders, dramatically improved auto insurance rates and several tax rate reductions.”
