Smart Business Magazine, November 2019
T his summer Amazon com Inc announced its plans to open additional fulfillment centers in Ohio creating 2500 full time wellpaying jobs for Ohios workers The two 700000 square foot centers represent a combined 300 million capital investment and bring the companys total investment in the state to 5 billion At JobsOhio the states private economic development corporation we were incredibly thrilled about this move as it continues to demonstrate that our state is a consistent choice for a wide range of businesses across nearly every industry That decision relied on a number of factors specific to Amazon of course but it also allows us to reflect on just how important it is to have the mix of assets we have in Ohio as well as collaboration and shared goals among our economic development partners For more and more companies looking to expand theyre finding Ohios diversity of assets and quality of life invaluable Location Sixty percent of the U S and Canadian population is within a days drive of Ohio which means critical business partners and potential customers are close by and easily accessible Logistics Infrastructure People and goods can travel quickly and globally as Ohio is home to the 4th largest interstate system in the nation 10 major rail yards seven commercial airports and three inland water ports Foreign Trade Zones Ohio has nine Foreign Trade Zones more than any other Midwest state as well as the largest number of active foreign firms in the Midwest Workforce Ohio has 57 million loyal workers including 245000 in financial services nearly 300000 in technology the 3rd largest manufacturing workforce in the country and 200 colleges and universities training our next generation Research Development Ohio and the companies and universities calling the state home invest 12 billion annually in innovation and research across a number of sectors including aerospace engineering financial technology and many others Business Friendly Climate With 0 commercial activity tax on products sold outside the state 0 state tax on corporate profits 0 state tax on personal property affordable commercial rents and a low cost of living Ohio helps boost a companys bottom line JobsOhio and the Heart of Economic Development Hyland Software in Westlake Ohio
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