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Thinkinink (talk | contribs) →Economy: Updated per capita income, median household income, and poverty line using 2023 data; updated sources where needed |
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The Small Business & Entrepreneurship Council ranked the state No. 10 for best business-friendly tax systems in their Business Tax Index 2009, including a top corporate tax and capital gains rate that were both ranked No. 6 at 1.9%.<ref name=SMEC>[http://www.sbecouncil.org/uploads/BusinessTaxIndex2009Final.pdf "Business Tax Index 2009"] {{webarchive |url=https://web.archive.org/web/20090419175643/http://www.sbecouncil.org/uploads/BusinessTaxIndex2009Final.pdf |date=April 19, 2009 }}, SMALL BUSINESS & ENTREPRENEURSHIP COUNCIL. Retrieved December 2, 2009.</ref> Ohio was ranked No. 11 by the council for best friendly-policy states according to their Small Business Survival Index 2009.<ref>[http://www.sbecouncil.org/uploads/SBSI2009.pdf "SMALL BUSINESS SURVIVAL INDEX 2009"] {{webarchive |url=https://web.archive.org/web/20091228221534/http://www.sbecouncil.org/uploads/SBSI2009.pdf |date=December 28, 2009 }}, SMALL BUSINESS & ENTREPRENEURSHIP COUNCIL. Retrieved December 2, 2009.</ref> The Directorship's Boardroom Guide ranked the state No. 13 overall for best business climate, including No. 7 for best litigation climate.<ref>[http://www.directorship.com/the-best-states-for-business/ "The Best States for Business"] {{Webarchive|url=https://web.archive.org/web/20110710132703/http://www.directorship.com/the-best-states-for-business/ |date=July 10, 2011 }}, Directorship. Retrieved December 2, 2009.</ref> Forbes ranked the state No. 8 for best regulatory environment in 2009.<ref>[https://www.forbes.com/2009/09/23/best-states-for-business-beltway-best-states_slide_38.html "The Best States For Business"] {{Webarchive|url=https://web.archive.org/web/20180510120901/https://www.forbes.com/2009/09/23/best-states-for-business-beltway-best-states_slide_38.html |date=May 10, 2018 }}, Forbes. Retrieved December 2, 2009.</ref> Ohio has five of the top 115 colleges in the nation, according to ''[[U.S. News & World Report]]''{{'}}s 2010 rankings,<ref>[http://colleges.usnews.rankingsandreviews.com/best-colleges/national-universities-rankings/ "Best Colleges 2010"] {{webarchive|url=https://web.archive.org/web/20091202084520/http://colleges.usnews.rankingsandreviews.com/best-colleges/national-universities-rankings/ |date=December 2, 2009 }}, U.S. News & World Report. Retrieved December 2, 2009.</ref> and was ranked No. 8 by the same magazine in 2008 for best high schools.<ref>[https://www.usnews.com/articles/education/high-schools/2008/12/04/best-high-schools-state-by-state-statistics.html "Best High Schools: State by State Statistics"] {{webarchive|url=https://web.archive.org/web/20090430210235/http://www.usnews.com/articles/education/high-schools/2008/12/04/best-high-schools-state-by-state-statistics.html |date=April 30, 2009 }}, U.S. News & World Report. Retrieved December 2, 2009.</ref>
Ohio's [[unemployment rate]] stands at 4.5% as of February 2018,<ref>[http://www.cleveland.com/business/index.ssf/2018/03/ohio_unemployment_rate_45_in_f_1.html Ohio unemployment rate 4.5% in February; state gained 13,400 jobs] {{Webarchive|url=https://web.archive.org/web/20180324224135/http://www.cleveland.com/business/index.ssf/2018/03/ohio_unemployment_rate_45_in_f_1.html |date=March 24, 2018 }} Retrieved March 24, 2018</ref> down from 10.7% in May 2010.<ref>[http://www.bls.gov/lau/ Bls.gov] {{Webarchive|url=https://web.archive.org/web/20180725005015/https://www.bls.gov/lau/ |date=July 25, 2018 }}; Local Area Unemployment Statistics</ref><ref>[http://www.zanesvilletimesrecorder.com/article/20100623/NEWS01/6230317/1002/NEWS01 "Jobless rates fall again in southeastern Ohio"] {{webarchive |url=https://web.archive.org/web/20131101003327/http://www.zanesvilletimesrecorder.com/article/20100623/NEWS01/6230317/1002/NEWS01 |date=November 1, 2013 }}, Zanesville Times-Recorder. June 23, 2010. Retrieved June 25, 2010.</ref> The state still lacks 45,000 jobs compared to the pre-[[Great Recession in the United States|recession]] numbers of 2007.<ref name=perkins>Olivera Perkins (May 22, 2015) [http://www.cleveland.com/business/index.ssf/2015/05/ohios_unemployment_rate_up_to.html Ohio's unemployment rate up to 5.2 percent: 5 things you need to know] {{Webarchive|url=https://web.archive.org/web/20150525215113/http://www.cleveland.com/business/index.ssf/2015/05/ohios_unemployment_rate_up_to.html |date=May 25, 2015 }} Cleveland.com.</ref> The labor force participation as of April 2015 is 63%, slightly above the national average.<ref name=perkins/> {{As of|2023}}, Ohio's per capita income
The [[manufacturing]] and [[financial industry|financial activities]] sectors each compose 18.3% of Ohio's GDP, making them Ohio's largest industries by percentage of GDP.<ref name="DDOH" /> Ohio has the third largest manufacturing workforce behind California and Texas.<ref>[https://tcf.org/content/report/manufacturing-high-wage-ohio/ Manufacturing a High-Wage Ohio] {{Webarchive|url=https://web.archive.org/web/20180324224136/https://tcf.org/content/report/manufacturing-high-wage-ohio/ |date=March 24, 2018 }} Accessed March 24, 2018</ref><ref>[http://wksu.org/post/ohio-remains-among-top-three-states-manufacturing-employment-and-wages#stream/0 Ohio Remains Among The Top Three States for Manufacturing Employment and Wages] {{Webarchive|url=https://web.archive.org/web/20180325045109/http://wksu.org/post/ohio-remains-among-top-three-states-manufacturing-employment-and-wages#stream/0 |date=March 25, 2018 }} Retrieved March 24, 2018</ref> Ohio has the largest bioscience sector in the Midwest, and is a national leader in the "green" economy. Ohio is the largest producer in the country of plastics, rubber, fabricated metals, electrical equipment, and appliances.<ref>[http://www.odod.state.oh.us/research/FILES/E000.pdf "Economic Overview"] {{webarchive |url=https://web.archive.org/web/20090326141110/http://www.odod.state.oh.us/research/FILES/E000.pdf |date=March 26, 2009 }}, Ohio Department of Development, p. 1. Retrieved November 19, 2009.</ref> 5,212,000 Ohioans are currently employed by wage or salary.<ref name="DDOH" />
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