Magazine: Ohio Tops For Economic Development

By: Associated Press
By: Associated Press

Columbus, Ohio (AP) -- For the fourth year in a row, a magazine has named Ohio the no. 1 state for economic development.

Site Selection says it determined that Ohio had 381 corporate expansion projects in 2009, more than any other state.

To meet the magazine's criteria, a project must involve a capital investment of at least $1 million, generate 50 jobs or more, or add at least 20,000 square feet of new floor space.

Texas, Michigan, Pennsylvania and Tennessee were behind Ohio in the top five.

Ohio officials say businesses have been encouraged by the state's efforts to reduce taxes and red tape.

Site selection is a publication that focuses on economic development issues.

(Copyright 2010 by the Associated Press. All rights reserved.)


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