Ohio Recognized as National Leader for Business Development and Jo... (nt Ohio's businessgrowth initiatives are...)

Ohio Recognized as National Leader for Business Development and Job Creation

Date:9/9/2008

nt, Ohio's business growth initiatives are part of a purposeful transformation of the state's economy. From sweeping changes to its tax climate, investments in advanced renewable energy technologies and a strategic plan for higher education, the state has taken several recent steps to be more business-friendly and better compete in a 21st century global economy.

Earlier this month, the Ohio Department of Development unveiled its strategic plan, a forward-thinking plan to change the state's economy by purposefully redesigning its business climate.

The state has determined the following three main areas to measure its success:

1. Grow the income of Ohioans

2. Create and retain jobs for Ohioans

3. Expand productivity through innovation

To view the strategic plan and the state's fifteen strategies to achieve these goals, visit http://www.ohiomeansbusiness.com.

One of the most significant initiatives supporting business growth is the state's Third Frontier Project, a 10-year, $1.6 billion initiative to help catalyze connections between companies and academia. The project is the state's largest-ever commitment to expanding high-tech research capabilities and promoting innovation and company formation that will create high-paying jobs for generations to come.

"Executives are realizing how, in Ohio, they're able to find the perfect balance between successfully growing a business and still enjoying life without sacrificing one for the other," said Ed Burghard, executive director of the Ohio Business Development Coalition. "Business owners profit from the bottom-line benefits of better work-life balance for their employees. Ohio offers low-cost, low stress communities in a combination of micropolitan and metropolitan cities. This diversity provides executives and employees the resources and time to make any ambition achievable. Ohio truly is the state of p
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Ohio Recognized as National Leader for Business Development and Jo...(nt Ohio's businessgrowth initiatives are...)