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Economy of Ohio

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Dr. Kathryn Dwyer Sullivan, a resident of Columbus, was the first woman to walk in space. She is the former President and CEO of the Center of Science and Industry in Columbus, and currently serves as the Director at the Battelle Center of Mathematics and Science Education Policy in Columbus, while sitting on the National Science Board. Science has had an enormous impact on Ohio's economy historically.

The economy of Ohio nominally would be the 20th largest global economy behind Switzerland and ahead of Belgium according to the 2009 World Bank projections,[1] and the 21st largest behind Belgium and ahead of Poland according to 2009 International Monetary Fund projections.[2] The state had a projected nominal GSP of $471.26 billion in 2009, down from the revised figure of $477.25 billion in 2008, according to the Bureau of Economic Analysis report of November 2010.[3] The projected real GSP of the state from the same report was $429.81 billion in 2009, down from $441.78 billion in 2008.[3] In 2009, Ohio was ranked #4 in the country for best business climate by Site Selection magazine, based on a business-activity database. The state was referred to as a dynasty after having won its fourth consecutive Governor's Cup award from the magazine in 2010, based on business growth and economic development.[4][5] The Small Business & Entrepreneurship Council ranked the state #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 #6 at 1.9%.[6]

Ohio was the only state in the U.S. to have two areas make the Intelligent Community Forum's list of global Smart 21 Communities for 2011, with Dublin and Northeast Ohio receiving the honors.[7] The state has 5 of the top 115 colleges in the nation, according to U.S. News and World Report's 2010 rankings,[8] while the Ohio State University was ranked #10 by the same magazine for awarding degrees to Fortune 500 CEOs.[9] The state was ranked #8 by the same magazine in 2008 for best high schools,[10] while overall, in 2010 the state's schools were ranked #5 in the country by Education Week.[11] It was second only to Texas in having the most U.S. cities in the top 30 best places for new college graduates, according to BusinessWeek in 2010.[12]

Ohio is considered a center of science and industry, with museums dedicated to such in Columbus, COSI, the Great Lakes Science Center in Cleveland, the Imagination Station in Toledo, and the Boonshoft Museum of Discovery in Dayton. The state includes many historically strong industries, such as banking and insurance, which accounts for 8% of the gross state product, motor vehicle manufacturing, research and development, and steel production, accounting for 14-17% of the nation's raw output. More traditional industries include agriculture, employing one out of seven Ohioans, and new and developing sectors include bioscience, green, information, and food processing industries. Ohio is the biggest manufacturer of plastics and rubber in the country, has the largest bioscience sector in the Midwest, and ranked fourth in the country for green economic growth through 2007.

The state is recognized internationally as the "Fuel Cell Corridor",[13] while Toledo is recognized as a national solar center,[14][15] Cleveland a regenerative medicine research hub,[16] Dayton an aerospace and defense hub, Akron the rubber capital of the world, Columbus a technological research and development hub,[16] and Cincinnati a mercantile hub.[16]

Wal-Mart is the largest private sector employer in Ohio,[17] with approximately 53,000 employees.[18] The largest Ohio employer with headquarters in Ohio is Kroger, with approximately 36,500 employees, and headquarters in Cincinnati, Ohio.[17] The largest employer at a single location in Ohio is Wright Patterson Air Force Base in Dayton, Ohio.[17] 70% of the nation's electrometallurgical ferroalloy manufacturing employees are located in Ohio.

Overview

Kroger, a supermarket company based in Cincinnati, is the largest employer of companies headquartered in the state.
Ohio's state quarter lays claim to the "Birthplace of Aviation Pioneers," in which Ohio's aerospace and defense industry is still economically strong.

The economy of Ohio nominally would be the 20th largest global economy behind Switzerland and ahead of Belgium according to the 2009 World Bank projections,[19] and the 21st largest behind Belgium and ahead of Poland according to 2009 International Monetary Fund projections.[20] The state had a projected nominal GSP of $471.26 billion in 2009, down from the revised figure of $477.25 billion in 2008, according to the Bureau of Economic Analysis report of November 2010.[3] The projected real GSP of the state from the same report was $429.81 billion in 2009, down from $441.78 billion in 2008.[3]

In 2009, Ohio was ranked #4 in the country for best business climate by Site Selection magazine, based on a business-activity database. The state won its fourth consecutive Governor's Cup awards from the magazine in 2010, based on business growth and economic development.[4][5] The Small Business & Entrepreneurship Council ranked the state #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 #6 at 1.9%.[6] Ohio was ranked #11 by the council for best friendly-policy states according to their Small Business Survival Index 2009.[21] The Directorship's Boardroom Guide ranked the state #13 overall for best business climate, including #7 for best litigation climate.[22] Forbes ranked the state #8 for best regulatory environment in 2009.[23] Ohio has 5 of the top 115 colleges in the nation, according to U.S. News and World Report's 2010 rankings,[8] and was ranked #8 by the same magazine in 2008 for best high schools.[10] Overall, the state's schools were ranked #5 in the country in 2010.[11]

Ohio's private sector is composed of 921,000 employers, which hire around 50.4% of Ohio's non-farm private workforce. [18] Ohio has a developing technology sector and is home to over 28,000 employers that employ nearly 820,000 people; its rate of technology operations is 14% higher than the US average.[18] Between 2006 and 2014, Ohio's employment is expected to grow by 290,700 jobs, or approximately 5.0%.[18] Personal income grew an average of 3.1% in 2008.[18] About 659,900 people are employed in Ohio's manufacturing sector.[18] Major manufacturing employers include AK Steel, Timken, and Honda. In 2007, foreign-based companies employed 229,500 Ohioans, led by Japan, United Kingdom, Germany, France, and Switzerland.[24]

Ohio's exports constituted 3.2% of total U.S. exports in 2009, with top destinations being Canada at $14.2 billion, followed by Mexico, China, United Kingdom, Greece, Brazil, Japan, Germany, France, and Australia respectively in that order.[25] In 2009 the state was the nation's 7th largest exporter with $34.1 billion.[24] 13, 092 companies exported in 2009, with transportation equipment accounting for $9.9 billion, machinery $4.9 billion, chemicals $4.4 billion, and computer and electronics products $2.4 billion.[24]

As of 2010, Ohio was #6 in the country for Fortune 500 companies with 23. They include Cardinal Health at #17, Procter & Gamble at #22, Kroger at #23, Macy's at #103, Nationwide Insurance at #118, Goodyear Tire and Rubber at #141, Progressive Insurance at #161, American Electric Power at #172, Eaton Corporation at #194, and Owens Corning at #432.[26][27]

Major employers

The following is a list of the top 10 Ohioan employers in Ohio.[17]

Rank Employer Number of Ohio employees Headquarters location
1 Kroger 38,000 Cincinnati, Ohio
2 Cleveland Clinic Health System 37,800 Cleveland, Ohio
3 Catholic Healthcare Partners 28,200 Cincinnati, Ohio
4 Wright Patterson Air Force Base 27,400[28] Dayton, Ohio
5 The Ohio State University 26,800 Columbus, Ohio
6 University Hospitals of Cleveland 21,800 Cleveland, Ohio
7 OhioHealth 15,300 Columbus, Ohio
8 ProMedica 14,500 Toledo, Ohio
9 Premier Health Partners 14,000 Dayton, Ohio
10 Procter and Gamble 14,000 Cincinnati, Ohio

The following is a list of the top Ohioan employers anywhere in the world.[17]

Rank Employer Number of Ohio employees Headquarters location
1 Wal-Mart 54,200 Bentonville, Arkansas
2 Kroger 38,000 Cincinnati, Ohio
3 Cleveland Clinic Health System 37,800 Cleveland, Ohio
4 Catholic Healthcare Partners 28,200 Cincinnati, Ohio
5 Wright Patterson Air Force Base 27,400 Dayton, Ohio
6 The Ohio State University 26,800 Columbus, Ohio
7 University Hospitals of Cleveland 21,800 Cleveland, Ohio
8 JP Morgan Chase 17,500 New York, New York
9 Giant Eagle 17,000 Pittsburgh, Pennsylvania
10 Sears Holdings Corp 16,400 Hoffman Estates, Illinois

Industries

Aerospace and defense

Dayton is designated as the state's aerospace hub due to its high concentration of aerospace and aviation technology. In 2009, Governor Ted Strickland designated Dayton as Ohio's aerospace innovation hub, the first such technology hub in the state.[29] Aircraft engine manufacturing accounts for nearly 75% of Ohio's aerospace and defense industry workforce.

GE Aviation, headquartered in Evendale, is a major manufacturer of aircraft engines globally. In 2010, EPISCENTER, a new R&D center for the corporation to be located in Dayton, was announced by the Third Frontier program.[30][31][32] Aircraft engine manufacturing accounts for nearly 75% of Ohio's aerospace and defense industry workforce.
The U.S. Marine Corps' Expeditionary Fighting Vehicle is assembled in Lima at the Joint Systems Manufacturing Center by General Dynamics.

The aerospace and defense industry employs 16,000 Ohioans.[33] Employment has been increasing after 2003, despite an overall decrease in employment since the industry's peak at 37,000 employees in 1990.[33] In 2005, Ohio ranked fifth among US states in the production of aerospace products and parts, and eighth in the number of aerospace industry workers.[33] Recently the states' employees have ranked #1 in value produced per worker.[34] Ohioan workers in the aerospace industry made an annual average salary of $75,765 in 2005, compared to $48,208 in for workers in the manufacturing sector generally.[33] Nearly 75% of the state's aerospace and defense employees work in the aircraft engine manufacturing sub-sector;[33] only Connecticut has larger aircraft engine workforce.[33]

Notable aerospace and defense companies in Ohio include GE Aviation, Timken, Goodrich Corporation, GE Honda Aero Engines, CFM International, and Aircraft Braking Systems.[33] France-based CIRCOR Aerospace, Inc., which develops systems for aerospace fluid control, has a commercial unit located in the state.[35] Boeing's Central Ohio Aerospace and Technology Center in Heath is a venture amongst five of the top 10 U.S. defense contractors, including Atlantic Inertial Systems, Honeywell, Kearfott, Northrop-Grumman, L3 Communications, and Raytheon, which is also the headquarters of the Air Force Metrology and Calibration Program Office. RTI International Metals's location in Niles produces titanium used in every France-based Airbus aircraft. RTI was originally headquartered in Niles before moving to Pittsburgh in the 21st century, while Airbus has invested $4.3 billion in the state.[36] Makino's Global Titanium Research and Development Center is located in Mason. Nextant Aerospace has manufacturing facilities at the Cuyahoga County Airport.

Defense systems play a smaller role in the industry. Ohio corporations were awarded around $5.5 billion of United States Department of Defense procurements.[33] Notable defense contractors include Goodyear Tire and Rubber Company in Akron, Lockheed Martin in Akron, which won a contract to develop a space-ship in 2003 and produces the vertical launch ASROC missile,[37][38] and Armor Holdings Aerospace and Defense Group in Fairfield.[33] United Kingdom-based BAE Systems has a large facility in West Chester producing armored vehicles, armor kits, and ballistic glass.[39]

The Joint Systems Manufacturing Center in Lima, in cooperation with General Dynamics, assembles armored combat vehicles, including the Expeditionary Fighting Vehicle and M1A2 Abrams tank.[34] Columbus-based Zyvex Performance Materials develops the Piranha Unmanned Surface Vessel. Gravitational Energy Corporation, located in Cuyahoga Falls, proliferates Gravity Assisted Power (GAP) machines in cooperation with DriPowder, LLC to the military.[40]

The United States Department of Defense currently maintains a large Supply Center in Whitehall, a suburb of Columbus.

Wright-Patterson Air Force Base, located in Dayton, and partially named for the Wright Brothers from Ohio who are generally credited with inventing the airplane, employs 27,400 residents. The Air Force estimates that Wright-Patterson’s annual economic impact on the Dayton region is $5.1 billion.[41]

Bioscience

In 2008, Ohio was ranked #1 in the Midwest and 4th in the nation for biotech industry strength by Business Facilities magazine.[42] As of 2008, there were over 1,100 biotech related firms operating in the state,[43] employing 1.4 million residents overall in direct or indirect related fields, including healthcare, with $2.5 billion in investment in 2007, making it an international leader.[44][45] Ohio had three city-regions in the top 30 biotech locations in the country, with Cleveland-Akron ranked #20, Columbus #22, and Cincinnati #28.

The overall economic impact of the bioscience industry in Ohio, including healthcare, amounted to $148.2 billion in 2007, representing 15.7% of Ohio's economic output.[45] Half of the biotech industry is located in northeast Ohio, with 574 firms, while central and southern Ohio are home to around 200 each.[46] 635 companies are FDA-certified to manufacture medical devices.[46] Biotech research and development employs directly 12,415 residents, while agricultural bioscience contributed the largest economic impact, at $10.7 billion. Medical device manufacturers employ 9,757 residents.[46]

Major firms include Meridian Bioscience in Cincinnati, which has been ranked by Fortune and Business Week as one of the top small businesses in the country; Atricure in West Chester, Ganeden Biotech in Cleveland, Cleveland Medical Devices and Orbital Research in Cleveland,[47] Stolle Milk Biologics in Cincinnati, Germany-based BASF in Whitehouse, Imalux Corporation in Cleveland, ZIN Medical in Cleveland, Theken Surgical in Akron, Ohio, Philips Medical Systems in Highland Heights, Charles River Labs in Spencerville, Freedom Meditech in Toledo, Traycer Diagnostic Systems in Columbus, Idexx Laboratories in Boardman, Ben Venue Laboratories, a division of Germany-based Boehringer Ingelheim, in Bedford, Ethicon Endo-Surgery, a subsidiary of Johnson & Johnson, located in Blue Ash, STERIS Corporation in Mentor, Chemical Abstracts Service in Columbus, Invacare in Elyria, Diagnostic Hybrids in Athens, and Synapse Biomedical in Oberlin.[46][48]

In 2010, France-based Areva began a partnership with the University of Cincinnati to develop treatments for cancer using nuclear techniques,[49] while the Third Frontier program attracted Colorado-based Lanx Inc.'s Lumbar Motion Monitor Commercialization project, working in collaboration with the Ohio State University and Cleveland Clinic Center for Spine Health.[50]

Capital venture firms focused on biosciences include Charter Life Sciences in Cincinnati, Primus Venture Partners in Cleveland, Reservoir Venture Partners in Columbus, River Cities Capital Funds in Cincinnati, Draper Triangle Ventures in Cleveland, Ohio Innovation in Cleveland, CID Equity Partners in Columbus, Triathlon Medical Ventures in Cincinnati, and Oakwood Medical Investors in Cleveland, while JumpStart, based in Cleveland, provides funding for related ventures.[51]

Major biotech incubators include BioEnterprise in Cleveland, BIOSTART in Cincinnati, TechColumbus, and the Innovation Center in Athens.[51]

In October 2010, Austen BioInnovation Institute in Akron was cleared to begin a renovation project for their new headquarters, projected to produce 2400 new employment positions in the next decade.[52]

Biopharmaceutical

Biopharmaceutical companies in Ohio employ 91,750 people in Ohio, with 15,992 directly related jobs, and 75,758 indirectly related positions.[53] In 2006, wages from the sector totaled $1.2 billion, with an economic output of $14.9 billion.[53] 15.8% of clinical trials for new medicines focused on important conditions were conducted in the state in 2008, while companies invested $688 million in research and development.

Major firms include Procter & Gamble, headquartered in Cincinnati, Roxane Laboratories, a division of Boehringer Ingelheim, located in Columbus, Forest Pharmaceuticals, a subsidiary of Forest Laboratories, located in Cincinnati, Patheon in Cincinnati, Amylin Pharmaceuticals in West Chester, Auburn Pharmaceuticals in Cleveland, a Sigma-Aldrich facility in Miamisburg, Reese Pharmaceutical in Cleveland, AcelleRX Therapeutics in Cleveland, Akebia Therapeutics in Cincinnati, Kendle International in Cincinnati, Bayer in Newark, Ross Laboratories, a division of Abbott Laboratories, in Columbus, Barr Pharmaceuticals in Cincinnati, and Cardinal Health in Dublin.[46][48] In total, there are 88 FDA-certified companies in Ohio manufacturing pharmaceuticals.[46]

In June 2010, the state's biotechnology development organization, BioOhio, announced a partnership with the Beijing Pharma and Biotech Center to develop business interests in the state and in China.[54]

Healthcare

Miami Valley Hospital is ranked one of the nation's top hospitals with ratings from US News and World Report, Forbes, and HealthGrades.

Major hospital employers include the Cleveland Clinic Health System with 37,800 employees, Catholic Healthcare Partners in Cincinnati with 28,200, University Hospitals of Cleveland with 21,800, OhioHealth in Columbus with 15,300, ProMedica in Toledo with 14,500, and Premier Health Partners in Dayton with 14,000. Healthcare REIT, Inc., an S&P 500 company headquartered in Toledo, is a major healthcare real estate firm. VRI, one of the nation's largest in-home medical health monitoring solutions companies, recently announced the relocation of their headquarters to Franklin.[55]

Ohio is home to world class medical facilities, led by the Cleveland Clinic, which has locations throughout the world. In 2009, U.S. News and World Report ranked the clinic as the fourth best hospital in the country, and the #1 heart center in the country for the 15th year in a row.[56] The Ohio State University Medical Center was ranked #21.[57] Overall, the magazine ranked 16 Ohio hospitals among the best hospitals in the nation, making the state #3 in the country in total. The Cincinnati Children's Hospital Medical Center ranked #6 in the nation for pediatric hospitals, and overall, four children's hospitals in Ohio ranked among the best.

Apart from U.S. News and World Report, in 2010, HealthGrades ranked nine Ohio hospitals in the top 50 in the United States[58] and 27 of Ohio's hospitals as Distinguished Hospitals for Clinical Excellence, with the majority of these hospitals in the Cleveland and Dayton areas.[59] They also ranked 37 Ohio hospitals in the 5% of the country for emergency care service.[60]

Child magazine ranked Cincinnati Children's #4, Nationwide Children's Hospital in Columbus #6, including #1 for emergency care, and Rainbow Babies & Children's Hospital in Cleveland #9.[61] [62] Thomson-Reuters also rated the Kettering Health Network of Kettering, Ohio as one of the top 10 hospital networks for clinical excellence in the United States.[63] University Hospitals Case Medical Center in Cleveland was named in the top 15 for major teaching hospitals, while Riverside Methodist Hospital in Columbus and Hillcrest Hospital in Mayfield Heights ranked in the top 16 for minor teaching hospitals. Southwest General Health Center in Middleburg Heights was ranked in the top 15 for large community hospitals, and Mercy Hospital Clermont in Batavia Union Hospital in Dover Sycamore Medical Center in Miamisburg and Wooster Community Hospital in Wooster ranked in the top 16 for medium sized community hospitals.[64]

In 2009, Thomson-Reuters named the Kettering Medical Center in Kettering, The Ohio State University Medical Center in Columbus, Good Samaritan Hospital in Cincinnati, and Grandview Medical Center in Dayton to their top 30 list of teaching hospitals with cardiovascular programs.[65]

Pharmacies

Ohio is home to pharmacy chains including Revco in Twinsburg and Discount Drug Mart in Medina, and previously Phar-Mor, which was headquartered in Youngstown.

Regenerative medicine

File:University-Hospital-Cleveland.JPG
University Hospitals of Cleveland is among the nation's top teaching institutions, and responsible for the first mesenchymal stem cell clinical trials in the U.S. in the 1990s, the first adult umbilical cord transplant in the world in 1997, and the first adult stem cell clinical trials in the U.S. in 2003.

Cleveland has become recognized as a regenerative medicine research hub, due in part to the location of major research facilities in the city such as the National Center for Regenerative Medicine, Center for Stem Cell and Regenerative Medicine, Clinical Tissue Engineering Center, and the Cleveland Clinic, as well as its 30-year history of the research.

In 1986, scientists from the Case Western University filed patents related to mesenchymal stem cells, creating the foundation internationally for this sector in celluar therapeutics. The first clinical trials in the United States involving mesenchymal stem cells occurred between 1996-2000 at the University Hospitals of Cleveland, while the hospital was also responsible for the first adult umbilical cord transplant in 1997, and the first adult stem-cell clinical trials in the country in 2003.[66][67]

Major regenerative medicine firms located in Cleveland include Osiris Therapeutics, started in 1994, Juventas Therapeutics, which has plans for their first clinical trial in 2010 and has raised $9.1 million in venture capital and grants, Cell Targeting Inc., which has raised $1 million in grants,[67] Invenio Therapeutics Inc., which specializes in leukemia treatments,[67] and Athersys Inc., which has developed the product Multistem, conducted 2 clinical trials, and raised $180 million in venture capital and grants.[67] Other firms include Proxy Biomedical, LucCell, Inc., and the Cleveland Cord Blood Center.

An up-and-coming firm, Arteriocyte Inc., has completed one clinical trial and raised $43 million in venture capital and grants[67] while being named as the top biotech startup in 2010 by the Ohio Venture Association.[68] The same year the company announced completion of an R&D project funded by the U.S. Department of Defense through DARPA for the development of artificial blood to be used for combat situations.[69]

Firms and institutions around the state include Center for Tissue Regeneration and Engineering at Dayton, Hi-Genomics in Toledo, BioDontos in Dublin, The Research Institute at Nationwide Children's Hospital in Columbus, SecuraCell in Canton, Stembanc, Inc. in Chardon, and Ethicord in Strongsville.

Education

Ohio's medical colleges are sixth in the nation in terms of economic impact, resulting in 425,000 direct or indirect positions and $37.2 billion.[70]

The University System of Ohio is the nation's largest comprehensive public system of higher education. Member universities include the University of Cincinnati, which has a $3+ billion annual economic impact and is the largest employer in Cincinnati, Kent State University, which contributes a $1.9 billion economic impact in Northeast Ohio,[71] and the University of Toledo, which contributes a $1.1 billion economic impact in Northwest Ohio.[72]

Agriculture

Tomatoes are an example of why Ohio's agriculture industry has deep relations with Ohio's food processing industry. Ohio is the 3rd largest producer of tomatoes out of all 50 states in the United States,[73] and, in turn, the world's largest ketchup processing plant is located in Fremont, Ohio.[73]

Ohio's agricultural industries represent $93 billion of the state's economic output, employing one in seven Ohioans directly or indirectly.[74] Ohio's agricultural market exports many different products. Ohio ranks 1st in the production of Swiss cheese out of all 50 states,[73] 2nd in eggs,[73] 3rd in tomatoes,[73] 6th in soybeans,[73] and 6th in corn for grain.[73] The agriculture and food processing and eatery industries are heavily intertwined in Ohio. For example, Ohio being the 3rd largest producer of tomatoes in the United States in turn has the world's largest ketchup processing plant in Fremont, Ohio.[73] They are #16 in the nation for beef production, and #5 in flower production.[74]

The number of farms in Ohio stood at 75,700, as of 2007,[75] covering 14,200,000 acres (57,000 km2) of land. 47.5% of all farms are operated by residents aged 35–54.[74] The average farm size was 188 acres (0.76 km2).[75] However, the number of farms slowly decreased from 2006, where the number of farms in Ohio stood at 76,200.[75] The amount of land used for farms in Ohio also decreased from 2006, where 14,300,000 acres (58,000 km2) of land were used for agriculture.[75] However, the dairy sector of Ohio's agriculture industry is growing.[75] The estimated number of dairy cows in Ohio increased from 274,000 in 2006[75] to 276,000 in 2007. Estimated dairy production in Ohio increased from 4,860,000,000 pounds (2.20×109 kg) in 2006[75] to 4,980,000,000 pounds (2.26×109 kg) in 2007.[75] There a total of 1,270,000 cattle, 4,000,000 hogs, and 141,000 sheep in the state.[74]

In October 2010, the Kinsman neighborhood in Cleveland was designated to be the location of the largest urban agriculture district in the United States, roughly 28 acres, where cultivation and entrepreneurial operations will exist.[76]

Horticulture and floriculture

Ohio is a lead producer of horticulture products, from greenhouse and nursery plants to bulbs.[77] The state is a producer of white ash trees for landscaping, totalling 25,000 annually.[78] California, Florida, Texas, Michigan, and Ohio accounted for 42% of the nation's production of bedding plants in 2002.[79] Oberer's Flowers, headquartered in Dayton, is the nation's fifth-largest florist, while Aris Horticulture, headquartered in Barberton, is a world leader in research and breeding.[80][81] Lake County Nursery offers over 1,000 varieties of plants and California-based Monrovia Nursery Company, a global leader, operates nurseries in Springfield.

Energy

Main article: Energy sector of Ohio
The British Petroleum Tower located in Cleveland.

The energy sector of Ohio is compromised of thousands of companies and cities representing the oil, natural gas, coal, solar, wind energy, fuel cell, biofuel, geothermal, hydroelectric, and other related industries. Oil and natural gas accounts for $3.1 billion annually in sales while ethanol generates $750 million. The state is #2 nationally in solar manufacturing as Toledo is considered a national solar hub, nicknamed "Solar Valley." It is recognized internationally as the "Fuel Cell Corridor", and Hamilton is poised to become the biggest municipal provider of renewable energy in the Midwest, and one of the largest in the country, with over 70%. In 2008, the state led the country in alternative energy manufacturing according to Site Selection Magazine, while the natural gas industry has experienced growth due to the Great Shale Gas Rush.

Several notable energy companies are headquartered in the state, including American Electric Power, Columbia Gas of Ohio, DPL Inc., Marathon Petroleum Company, American Municipal Power, Inc., Cliffs Natural Resources, Murray Energy, FirstEnergy, Oxford Resource Partners LP, AB Resources, American Hydrogen Corporation, and IGS Energy. Rolls-Royce North America's Energy Systems Inc., a subsidiary of United Kingdom-based Rolls-Royce plc, is headquartered in Mt. Vernon, specializing in gas compression, power generation, and pipeline technologies.[82] Ultra Premium Oilfield Services and V&M Star Steel operate steel production facilities in the state, which cater to energy exploration.

Ohio consumed 160.176 TWh of electricity in 2005, fourth among U.S. states,[83][84] and has a storied history in the sector, including the first offshore oil drilling platform in the world, and a modern, renewable energy economy along with the traditional nuclear, oil, coal, and gas industries.

Research and development

Ohio is a major research and development center, home to many institutions. In 2008, institutions and companies in the state won 10 R&D 100 Awards, given annually to the top 100 innovations recognized by R&D Magazine, finishing second behind California.[85] The Ohio State University is among the country's top public research institutions at #7.[86] Ohio is ranked in the top eight for states conducting clinical trials, including conducting the most clinical trials per capita.[87]

In 2006, the state had a high-tech payroll of $9.8 billion, with 155,174 high-tech employees at 10,756 high tech locations. In 2005, industry in Ohio spent $5.9 billion on research and development, with colleges spending $1.5 billion, but by 2009, $8.2 billion in R&D contracts were identified, ranking 13th nationally.[88] Ohio receives around $2.7 billion annually in federal R&D funds, ranking #9.[89]

In 2005, it was ranked #4 in the country in industrial R&D activities, while the University of Dayton and The Ohio State University ranked #2 and #3 nationally in total materials research. Ohio leads the nation in plastics and rubber research.[90]

The state recently approved a $3.5 million grant to convert the old NCR headquarters in Dayton into a collaborative innovation center.[91] The Miami Valley Research Park in southwestern Ohio is a 1,250 acre complex home to the headquarters of Woolpert, Inc. as well as ATX, WilmerHale, and Center for Tissue, Innovation and Research facilities.[92] A fun note, in 2010 automotive racing star Jeff Gordon and his company, in partnership with Arshot Investment Corp., named their new research and development project in Columbus the "Center for Automotive Research & Technology at Cooper Park."[93]

Government and non-profit

Government-operated and non-profit research and development institutions include:

The Battelle Memorial Institute headquarters in Columbus. The institute is the world's largest private contract research and development organization, responsible for innovations such as photo-copying, leading to the creation of Xerox, the first nuclear fuel rods for nuclear reactors, the first optical digital recorder, the development of the Universal Product Code, and cruise control for automobiles. They have won 217 prestigious R&D 100 Awards.

Private

Private institutions in Ohio conducting research and development include:

Procter & Gamble's headquarters in Cincinnati. The company is responsible for the first synthetic detergent used on delicate clothing, Dreft, the first shampoo and conditioner combination product, Pert Plus, and the first concentrated tablet laundry detergent, Salvo.
The Goodyear Polymer Center at the University of Akron in Akron. The company is responsible for the first self-sealing fuel tanks for airplanes, the first off-road tire, the world’s first passenger conveyor belt, the first tires on moon, the first plastic beverage bottles, and the first tire with a “Z” speed rating.[94]

Collegiate

Collegiate institutions in Ohio conducting major research and development include:

Scott Laboratory at the Ohio State University, Columbus

Insurance

Ohio insurance employees work in a broad array of sub-industries. Around 44.8% of insurance employees work in fire, marine, and casualty insurance; this helps make Ohio the 4th largest casualty insurance state, in the measure of employees, trailing behind only California, New York, and Illinois.[95]

Ohio is a major center for insurance corporations, ranking 6th out of all 50 states in the insurance industry, based on overall employment,[95] and Ohio ranks 4th in casualty insurance out of all 50 states.[95] As far as gross state product, from the period of 1990-1999 Ohio insurance contribution to Ohio's gross state product grew about 161% from $2.6 billion to $6.8 billion,[95] despite population growth from 1990-2000 of only about 4.67%, from 10,847,115 to 11,353,140.[96] Ohio's insurance employment is expected to grow continuously at a rate of 9.8%.[95] Ohio is home to the 3rd most claim examiners in the United States, out of all 50 states.

Five Fortune 500 companies are Ohio-based insurance companies.[95] These companies are:

Safelite Group, Inc., a subsidiary of the world's largest vehicle glass replacement and repair company Belron SA of South Africa, is headquartered in Columbus and provides solutions to insurance companies for vehicle glass replacement and repair. Medical Mutual of Ohio is headquartered in Cleveland and the largest medical insurance company in Ohio.

Financial services

Ohio is home to three commercial banks that rank among the largest commercial banks in the United States as measured by asset size. Up until 2008, Ohio had four banks among the Top 25, however the acquisition of Cleveland-based National City Corp. by Pittsburgh-based PNC Financial Services eliminated the fourth.

  • KeyBank, headquartered in the Key Tower in Cleveland, Ohio
  • Fifth Third Bank, the bank holding company for Fifth Third Bank N.A. headquartered in Cincinnati, Ohio. Currently second to PNC in market share in the state, and tops among Ohio-based banks in the state.
  • Huntington Bancshares, the bank holding company for The Huntington National Bank headquartered in the Huntington Center in Columbus, Ohio
  • Wright-Patt Credit Union, headquartered in Dayton, OH, has 23 member centers, nearly $1.9 billion in assets, and serves over 190,000 member-owners.

The Federal Reserve Bank of Cleveland is located in the state. Other notable institutions headquartered in the state include FirstMerit Corporation, Commerce National Bank, First Federal Bank of the Midwest, Liberty Savings Bank, and Park National Bank.

Germany-based BMW operates a financial subsidiary in Dublin.

Automobile manufacturing

The Honda Accord was the single model that was most produced in Ohio.[97] Almost all Accords are assembled in Marysville, Ohio.[98] The Accord's Ohio production exceeded 200,000,[97] one of only five models to do so in Ohio.[97]

Ohio-native Charles Kettering invented the self-starter for the automobile, an advancement which contributed to the mainstreaming of the transport.

The current state of the motor vehicle industry in Ohio is mixed and dotted. In 2002, the Ohio motor vehicle industry produced about $16 billion of items.[97] This is about 14% of the automobile production of the United States, and Ohio outputs every state in production of motor vehicles except for Michigan.[97] These $16 billion account for approximately 4.1% of Ohio's gross state product; however, the motor vehicle industry only accounts for 1.1% of the United States' output.[97] In 2003, Ohio was able to produce about 1,885,000 motor vehicles, accounting for 15.6% of the United States' production, and, again, more than any state except for Michigan, in which 928,000 of these were automobiles.[97]

The Ohio Department of Development estimates that there are 555 motor vehicle production establishments in Ohio, and that by employing around 138,000 people, Ohio motor vehicle production employees account for 12.7% of the United States' motor vehicle production employees.[97] Despite sharp losses since 1999, the motor vehicle production industry was able to recover in 2001, producing a net gain of 148,000 vehicles.[97] General Motors produced the plurality of motor vehicles in Ohio, with 36.5% of the production of motor vehicles in Ohio, followed closely by Honda with 35.9%. Other major motor vehicle producers in Ohio include DaimlerChrysler (with 17.5% of production) and Ford (with 10.5% of production).[97] However, despite the growth listed above, employment statistics and outlooks are much more grim.

In 2004, the number of people employed in the motor vehicle assembly industry in Ohio was reported to be around 31,000, down from about 40,000 throughout the 1990s,[97] while in the motor vehicle parts production industry in Ohio, in December 1997, employment stood at approximately 122,000 employees;[97] however, that number dropped by about 26% to 90,000 employees by 2004.[97] Despite the growth facts above, the loss of employment is more likely to directly affect Ohio's economy. The Ohio Bureau of Labor Market Information estimates that there will be 3,300 less assembly employees and 2,400 less parts manufacturing employees in 2012 than 2002.[97] Major firms operating in the state include Ford, Honda, and General Motors. Some major motor vehicle assembly production plants in the state include the Toledo Complex, Lordstown Assembly, Marysville Auto Plant, East Liberty Auto Plant, Ohio Assembly, and Toledo North Assembly. France-based Faurecia Group operates a division in Toledo.[99]

In June 2010, auto parts manufacturer Sanoh America, located in Streetsboro, announced a $3.5 million, 35,000-square-foot (3,300 m2) expansion of their North American headquarters,[100] while Austria-based automotive part manufacturer Miba announced $30 million in new investments at production sites around the state.[101] In September of that year, the new 87,100-square-foot (8,090 m2) R&D facility of Amtex, Inc., a subsidiary of Japan-based Hayashi Telempu Co. based in Lebanon, became operational in Plymouth.[102]

Iron and steel

File:Steel-factory.JPG
Steel coils in storage at Worthington Industries in Columbus.

Ohio is considered the historical center of steel production in the U.S.[103] The state produces annually around 14 million tons, with a $7.2 billion state economic impact.[104] The largest steel foundry in North America is located in Columbus, Columbus Castings.[105] It was formerly part of Buckeye Steel Castings, which traces its root back to the 19th century.

Ohio produces between 14% and 17% of the United States' raw steel.[106] The sector of objects made from purchased steel in Ohio ranks 2nd out of all 50 states,[106] and 3rd in the sector of iron, steel, and ferroalloys.[106]

Seventy percent of the United States' electrometallurgical ferroalloy manufacturing employees are located in Ohio.[106] The entire industry as a whole, although not as concentrated as the electrometallurgical ferroalloy manufacturing sector, employs 34,000 paid workers at 234 individual workplaces.[106] Ohio's 234 workplaces make up 9.5% of the United States industry's workplaces,[106] and the 34,000 paid workers make up 13.6% of the United States industry's workers.[106] Of these workers and workplaces, the sector of iron, steel, and ferroalloys make up the largest sector in Ohio's industry,[106] with 17,000 paid workers in 73 workplaces.[106]

However, despite Ohio's large presence in the iron and steel market, employment rates have declined in Ohio,[106] generally attributed to weakening national economy.[106] Between 1998 and 2005, the number of Ohio iron and steel industry workers decreased from 52,700 to 34,000.[106] The Ohio Department of Development predicts the decreases will continue in coming years.[106] The average annual salary for iron and steel industry workers in Ohio was $59,686, compared the national industry average of $53,352.[106]

There are three Fortune 500 iron and steel manufacturers with world headquarters in Ohio:[106] AK Steel, located in Westchester, Timken Company, located in Canton, and Worthington Industries, located in Columbus. Other notable companies include Russia-based Severstal, which has facilities located in Warren and Steubenville, Luxembourg-based Mittal Steel USA,[104] which has facilities in Columbus and Cleveland, United States Steel Corporation in Lorain,[104] Cliffs Natural Resources in Cleveland, and Republic Engineered Products, North America's largest supplier of specialty bar quality steel, located in Canton.[104] V&M Star Steel, a subsidiary of France-based Vallourec, broke ground on a $650 million production facility in Youngstown in June 2010.[107]

In August 2010 Arizona-based International Technical Coatings announced plans to construct a 667,000-square-foot (62,000 m2), $15 million production facility in Columbus,[108] while Pro-Tec, a joint venture between U. S. Steel and Japan-based Kobe Steel headquartered in Leipsic, announced in September 2010 a $290 million, 415,000-square-foot (38,600 m2) expansion of existing facilities.[109]

Rubber and plastics

The rubber and plastics industry in Ohio is largely dominated by Goodyear Tire & Rubber, in terms of revenue, although there are more non-rubber producing Fortune 500 rubber and plastics companies in Ohio than Ohio Fortune 500 rubber and plastics companies that do produce rubber.

One of Ohio's historically strong industries is the rubber and plastics industry. Ohio ranks 1st of all 50 states in rubber and plastics production,[110] producing around $17.4 billion of rubber and plastics shipments annually.[110] Eight Fortune 1000 rubber and/or plastics corporations are located in Ohio:[110]

Ohio ranks 1st in the gross state product of the rubber and plastics industry of any state.[110] For the 5-year period of 2000-2004, inflation-adjusted production increased around 10%.[110] In addition, in this period, the US rubber and plastics industry only grew 6%.[110]

Ohio exported around $1.3 billion worth of rubber and plastics shipments in 2006.[110] Rubber and plastics exports make up for 7.3% of total sales.[110] Canada is the largest importer of Ohio's $1.3 billion worth of exports, accounting for 46% of this amount.[110] The Census Bureau expects that an addition $1.1 billion worth of material is indirectly exported, through the means of other goods that are made from rubbers and plastics, including motor vehicles and machinery.[110]

However, despite increased production, employment has been decreasing in Ohio's rubber and plastic industry.[110] In 2000, Ohio employed around 92,000 rubber and plastics industry workers. By 2006, those rates have declined by about 26% to about 69,000 workers.[110] The Ohio Bureau of Labor Market Information predicts that, from 2004–2014, there will be 11,200 less workers in Ohio's industry.[110] They also predict that plastics employment in Ohio will decrease by 13.7%, and that rubber products employment will decrease by 20.7%.[110] The industry currently employs about 73,000 Ohio workers,[110] and employs about 12.3% of the United States' rubber employees, and 7.8% of the United States' plastics employees.[110]

In October 2010, Sweden-based Hexpol AB announced the acquisition of Solon-based Excel Polymers for $215 million.[111]

Other manufacturing

History

In 1837, William Procter and James Gamble founded a candle and soapmaking business in Cincinnati called Procter & Gamble. In the 1880s, the company introduced the product Ivory, a bar of soap. Eventually they began manufacturing Crisco, and sponsored radio dramas, which led to the name "soap operas". Today Procter & Gamble is the 8th largest company in the world by market capitalization fully diversified in household products, and has 135,000 employees worldwide, with manufacturing operations located throughout the state, and their headquarters still based in Cincinnati.

In 1866, Henry Sherwin and Edward Williams founded Sherwin-Williams, a general building supplies company, in Cleveland. Their first factory was opened on the Cuyahoga River in 1873, and today the company has four manufacturing and distribution facilities in Ohio, located in Columbus, Cincinnati, Grove City, and Bedford Heights, and numerous locations throughout the country and world, with their world headquarters maintained in Cleveland. The company employs 3,394 residents alone just in the Cleveland-area.[112][113]

In 1879, James Ritty, a saloon owner, invented a mechanical cash register, paving way for its production through the National Cash Register Company, based in Dayton. The company prospered through the 21st century, producing ATM machines, barcode scanners, and other related products, employing thousands. It was eventually relocated to Georgia in 2009.

In 1886 Ohio-native Charles Martin Hall helped pioneer the Hall–Héroult process which made aluminum inexpensive to produce. He sold the his process in 1888 to the Pittsburgh Reduction Company, known today as Alcoa. Alcoa has operations in the state, including facilities in Cleveland which manufacture aluminum wheels for Automobili Lamborghini.[114]

In 1907, a janitor named James Spangler working for the Hoover family invented the first electronically portable vacuum cleaner. Production of the device began at a factory in New Berlin (later renamed North Canton), and today the company is known as The Hoover Company, with its headquarters still located in North Canton.[115]

In 1918, the Parker Appliance Company was founded in Cleveland, later becoming the Parker Hannifin Corporation. They manufacture motion and control technologies, with locations throughout Ohio, the country, and the world. Their headquarters is maintained in Cleveland, employing 2,201 residents in the local area.[113]

Present

Overall, Ohio is home to 21,250 manufacturing operations. Cincinnati is ranked #6, Cleveland #10, and Columbus #19 respectively in the nation for manufacturing jobs. Ohio leads the nation in general-purpose machinery production and is #2 in metalworking machinery production.[116] In 2004, Ohio was third in the nation for major industrial operations,[117] and second in the nation for total manufacturing payroll.[118] Ohio was third in the nation in manufacturing GDP in 2008,[119] but has lost 106,629 manufacturing jobs and over 1,000 manufacturers since 2007.[120]

Crown Equipment Corporation, headquartered in New Bremen, employs 8,300 residents in the state and is the 7th largest manufacturer of heavy-duty equipment in the world.[121] They recently unveiled 20 new fork-lift models employing fuel cell technology, bringing that total product-specific inventory to 29 models.[122] Ametek Technical and Industrial Products is headquartered in Kent and a manufacturer of industrial products with sales of $950 million in 2009.[123] Headquartered in Toledo, Libbey, Inc. is the leading producer of glass tableware products in the Western Hemisphere.[124]

Miamisburg-based NewPage Corporation is the largest producer of coated paper in North America, with sales of $3.1 billion.[125] Verantis Corporation, headquarted in Middleburg Heights, is a leading global environmental engineering company.[126]

Germany-based ThyssenKrupp has several operations in the state,[127] including AIN Plastics in Columbus, Ken-Mac Metals in Cleveland, Copper and Brass sales divisions in Toledo, Cleveland, and Dayton, a ThyssenKrupp Industrial Services division in Toledo, and a ThyssenKrupp Bilstein of America sales division in Hamilton.[128] ThyssenKrupp Krause is located in Cleveland,[129] Vertical System Elevators in Cincinnati as well as other ThyssenKrupp Elevator divisions in Cincinnati, Westerville, Northwood, and Broadview Heights,[130] and Rotek Incorporated is located in Aurora, which underwent an $82 million facility expansion in 2008.[131]

United Kingdom-based Mondi Group has facilities in Lancaster. Brush Wellman is headquartered Mayfield Heights and is a global supplier of alloy, precious metals, electronic, and engineered meterial systems and products, with a major facility in Elmore, Ohio.[132] Liebert is a manufacturer of environmental, power, and monitoring systems located in Columbus.

The Longaberger Company headquarters in Newark.

Headquartered in Cleveland and founded in 1932, MTD Products employs 6,800 residents in the state and is a major manufacturer of heavy duty lawn equipment.[121] Advanced Drainage Systems headquartered in Hilliard employs 3,900 residents and specializes in manufacturing industrial components and equipment.[121] Aleris International, headquartered in Beachwood, employs 8,500 residents and is one of the world's largest recyclers of aluminum and zinc, manufacturing alloy sheet metal.[121] Park-Ohio, Inc., located in Cleveland, operates in 16 countries with over 3,000 employees.[133] Mallory Marine is a manufacturer of aquatic travel components and located in Cleveland.[134] Cincinnati-based Michelman, Inc. is a global leader in developing water-based barrier and functional coating. Newark-based The Longaberger Company is a manufacturer of home and lifestyle products.

Sweden-based Trelleborg AB recently announced they were moving their Wheel Systems Americas headquarters from Hartville to Fairlawn.[135] Westlake-based Nordson Corporation is a leading global manufacturer of precision equipment. Parma-based GrafTech International Limited is a leading global manufacturer of carbon and graphite products with facilities on four continents.

ESCORT is a lead manufacturer of radar detection devices and navigational services headquartered in West Chester.[136]

New Jersey-based Hartz Mountain Corporation, a pets-product manufacturer, announced an expansion of their existing operations in the state in 2010.[137] Little Tikes is a toy manufacturer headquartered in Hudson with global operations.

In August 2010, Switzerland-based WICOR announced plans for a manufacturing operation in Urbana,[138] while in September of that year Italian-owned Eurostampa North America announced plans for the construction of a new $7.2 million, 70,000-square-foot (6,500 m2) facility in the Roselawn neighborhood of Cincinnati,[139] which broke ground later month and will also serve as their headquarters.[140]

GE Lighting is headquartered in Cleveland, with manufacturing operations in the state, including Bucyrus, which was awarded $60 million for expansion in September 2010 in becoming the Global Center of Excellence for the manufacturing of energy-efficient light bulbs.[141] In October 2010, West Virginia-based Simonton Windows announced it was moving its headquarters to Columbus.[142]

Australia-based Blastmaster announced in September 2010 plans to locate their North American headquarters in the Columbus area.[143] In October 2010, California-based Avery Dennison opened their Customer Innovation Center in Miamisburg to showcase their RFID technology.[144]

Chemicals

Hexion Specialty Chemicals is headquartered in Columbus employing 6,900 residents, and is a lead manufacturer of resins and coatings.[121] Momentive Performance Materials is in the process of moving their global headquarters to Columbus following a recent merger with Hexion.[145] Lubrizol Corporation is a provider of specialty chemicals headquartered in Wickliffe and a Fortune 500 company. Kentucky-based Ashland Performance Materials is located in Dublin. Columbus is home to the world's largest clearinghouse of chemicals data, CAS, or Chemical Abstracts.

Robotics and lasers

In June 2010, Yaskawa America announced the construction of their new North American headquarters in Dayton, a 300,000-square-foot (28,000 m2) facility, which broke ground in August.[146][147] KC Robotics, located in Fairfield, is a major distributor of robots, including Yaskawa's Motoman.

Robotics Research, located in Cincinnati, is a lead developer of robotic technology. FANUC Robotics America, Inc. has a regional headquarters located in Mason. Other companies include YAC Robot Systems in Hamilton, Bellevue Manufacturing Company in Bellevue, and Adept Technology, which has an office in Cincinnati.

Lockheed Martin in Akron manufacturers laser-enhanced sniper systems for the Department of Defense.[148] AT&F Steel in Cleveland operates the largest Hybrid Laser Arc Welding facility in the United States.[149] Elyria-based RIDGID, a division of Missouri-based Emerson, manufacturers hand-held laser devices.[150]

Nanotechnology
The Liquid Crystal Institute, headquartered on the campus of Kent State University, made early contributions to the liquid crystal display.

Kent State University was one of the inventors of the modern liquid crystal display at their Liquid Crystal Institute.[151]

Through 2005, Ohio was ranked in the top ten for states with the best environment for nanotechnology development. The Center for Multifunctional Polymer Nanomaterials and Devices at the Ohio State University was awarded $22.5 million from the Third Frontier at the turn of the century with a goal of returning $78 million in research and commercialization. The University of Dayton Research Institute was also awarded investments from the state. Other major research institutes include the Institute for Nanoscale Science and Technology at the University of Cincinnati. The University of Toledo is home to professor Abdul-Majeed Azad, a world renowned nanotechnologist who won a Nano50 Award from NASA in 2007 for developing a method of converting steel mill waste into nanoscale iron particles, and is also a recent recipient of the Fulbright Distinguished Chair Award.[152]

Nanotek Instruments in Dayton, along with their subsidiaries such as Angstron Materials, are the world's largest producer of nano graphene platelets. They are responsible recently for groundbreaking innovations,[153] including the world's first commercial graphene application.[154]

Companies in the state involved in nanotechnology development include the MesoCoat, winner of three R&D 100 awards;[155] SRICO in Columbus, Cleveland Clinic, Zyvex Performance Materials, developer of the Piranha Unmanned Surface Vessel; PowderMet, a leading research and development operation and winner of over 80 federal government grants;[156] General Electric, NanoFilm, Proctor and Gamble, Battelle Memorial Institute, NanoSperse, First Solar, Goodyear Tire and Rubber, and Midwest Optoelectronics, among others.[151]

Logistics

The Columbus/Dayton corridor is considered one of two "centroids" in America's logistics sector.[157] This is evident in the Dayton region, in part, with the expansion of a 1,000,000-square-foot (93,000 m2) distribution center by Caterpillar Inc. and a major Payless ShoeSource distribution center.[158] Transportation and warehousing employs 183,000 Ohioans, amounting to a $12 billion industry, or 3.6% of the GSP. Since 2003, Ohio has added 21,500 logistics jobs.[159]

Ohio has the 7th largest highway system, and 4th largest interstate system in the country. Ohio's trucking industry ranks 4th in the nation with a total economic output of $5.2 billion. The state ranks third in the country in total value of inbound and outbound shipments at $907 billion, and first in value of outbound shipments at $244 billion.[159]

Ohio has the fourth largest rail system, and is ranked third in total economic output at $1.3 billion.[159]

Major employers include BAX Global, now part of Germany-based DB Schenker; Total Quality Logistics, UPS, FedEx, Roadway Express, CSX Corp, Pacer International, and ABX Air.[159] Parsec Inc., based in Cincinnati, controls 45% of the nation's intermodal transportation business.[160][161] The logistics headquarters of ThyssenKrupp Industrial Services North America is located in Northwood.[162]

Wooster-based TechniGraphics is leading provider of imagery and geospatial services to the U.S. intelligence community.[163]

In 2009, CSX began the construction a $175 million intermodal facility in North Baltimore, employing OCR technology from the Saudi Arabia-based Gulf Stevedoring Contracting Company. As part of their "National Gateway" project, it is a rival to Norfolk Southern's "Heartland Corridor" project.[164][165] Norfolk Southern operates a large intermodal facility in Columbus as part of their "Heartland Corridor," which the company recently constructed.[166]

Cleveland Ships in October 2010 announced a bid to take over Northrop Grumman's shipbuilding operations,[167] and later that month Canada-based Great Lakes Feeder Lines announced the Port of Cleveland was a target for its U.S. international container service headquarters, the first on the Great Lakes.[168]

Food processing and eateries

The Chiquita Center in Cincinnati is the headquarters of Chiquita Brands International.

Ohio's food processing industry produces $23.5 billion dollars in food shipments annually.[73] The frozen food industry is the largest sub-industry,[73] surpassing even the state of California by $700 million in frozen food shipments,[73] in which Ohio ships $2.4 billion dollars of frozen food shipments annually.[73] Ohio also ranks 1st out of every state in the United States in frozen food shipments and Ohio's frozen food industry accounts for 20.7% of the United States' frozen food processing.[73]

Several of the world's largest food operating plants are operated in Ohio: the world's largest yogurt processing plant is operated by Dannon in Auglaize County, Campbell's operates the world's largest soup processing plant in Napoleon, Heinz operates the world's single largest ketchup processing plant in Fremont, and General Mills operates the world's largest frozen pizza processing plant in Wellston.[73]

Major food processing companies in Ohio include Chiquita Brands International (Cincinnati), Kroger (Cincinnati), T. Marzetti Company (Columbus), The J.M. Smucker Co. (Orrville), The Iams Company (Cincinnati), Sunny Delight Beverages (Cincinnati), and Givaudan (Cincinnati).[73] The Boston Beer Company and Jim Beam Brands has operations in Cincinnati. Other food processing sub-industries that Ohio leads in include pet food (8.4% of the nation's pet food, ranking in 2nd), ketchup and dressings (7.6% of the nation's ketchup and dressing production, ranking 2nd), cookies and crackers (9.9% of the nation's production, ranking 4th), and soft drinks (6.2% of the nation's production, ranking 4th).[73]

The county with the most food processing facilities is Hamilton County, followed by Franklin County and Stark County.[73]

Major eateries headquartered in Ohio include Bob Evans Restaurants (Columbus) and Wendy's (Dublin).

TravelCenters of America is the second-largest truck stop chain in the country headquartered in Westlake and Fortune 500 company. Buffalo Wild Wings was founded in Columbus in 1982. Pierre's Ice Cream, headquartered in Cleveland, is undergoing an $8 million, 35,000-square-foot (3,300 m2) facility expansion of their operations.[169]

Alpine Cheese in Winesburg is the exclusive manufacturer in the Western hemisphere of Norwegian Jarlsberg cheese.

In October 2010, Coca Cola announced a $120 million expansion of their existing facilities in Columbus,[170] while France-based Groupe Danone announced a $110 million expansion of their Dannon Company unit in Minster in December 2010.[171]

Information

Ohio-native Thomas Edison helped contribute to the modern communications world through many of his inventions, including his stock ticker, Kinetoscope, phonograph, and his contributions to the telegraph. Ohio resident Granville Woods invented the telegraphony, which he sold to the American Bell Telephone Company.

Ohio is in the 1st quintile in the information industry, in terms of establishments for the information industry.[172] In 2002, Ohio had reached 4,143 establishments, which are 3% of the United States' information establishments.[172] Information establishments include printing and publishing establishments, broadcasting establishments, and telecommunications establishments.[172] The Ohio Supercomputer Center is one of the largest supercomputer facilities in the country.

As of 2002, there were approximately 106,754 workers in Ohio working in the information industry.[172] The total industry ranks 8th out of all 50 states in the number of establishments, and 9th in the number of paid workers, which was 106,754 in 2002.[172]

A prime sector in Ohio's information industry is the broadcasting sector.[172] The broadcasting sector ranks 9th out of all 50 states in the number of establishments,[172] which is 1,954,[172] 11th in number of paid workers,[172] and 11th to its contribution to Ohio's gross state product, which is $6.6 billion.[172]

Telecommunications, data, and information technology

Hyland Software, headquartered in Westlake, is the developer of the enterprise content management software OnBase.

In the second half of 2010, telecommunications companies announced $540 million in investments and projects in the state, to result in over 20,000 new employment positions.[173]

Major telecommunication employers with headquarters in the state include Cincinnati Bell, Ohio Bell, a subsidiary of AT&T in Cleveland; Ohio Telecom in Port Clinton, RACO Industries in Blue Ash, First Communications in Akron, and Horizon Telcom in Chillicothe. Companies with operations in the state include L-3 Communications in Deership Township, Time Warner, AT&T, Verizon, Sprint, SBA Networks, Collabera Inc., Cavalier Telephone, Waveland Communications, Embarq, Open Range Communications, Russell Cellular, and Windstream Communications. Frontier Communications in 2010 announced $150 million in investment in the state to upgrade systems and high-speed internet services.[173]

Miamisburg-based Teradata is the world's largest data warehousing and enterprise analytics company, and Richfield-based OEConnection is the world's largest online automotive parts exchange, or OPSX.[174] One Call Now, headquartered in Troy, is the nation's largest information notification service and part of INC Magazine's fastest-growing companies list three years in a row,[175] while OneCommand, headquartered in Mason, is the nation's leading integrated and automated, personalized communications firm.

Hyland Software is located in Cleveland and employs 1100+.[176] India-based Tata Group operates an information center Reno,[177] while a software consultancy subsidiary Tata Consultancy Services located in Milford recently won a Workforce One Investment Board of Southwest Investing in People Award.[178] Virginia-based Computer Sciences Corporation has operations in Dayton,[34] and Zethus Software is located in Youngstown.[179] Razorleaf Corporation, headquartered in Stow, develops software solutions with companies such as Aras and Microsoft.[180] Columbus is home to the Microsoft Heartland District. Bluemile is an award winning firm headquartered in Columbus specializing in data technology solutions.[181] Bryan-based Ruralogic is a subsidiary of Cleveland-based Attevo, a global information technology consulting firm with their European headquarters in London, focused on insourcing solutions.[182]

Convergys Corporation, the largest holder of outsourced SAP licenses in the world, is headquartered in Cincinnati. Dublin-based Glomark-Governan is a world leader in Enterprise Value Creation systems.[183] QC Software is headquartered in Cincinnati and a leading provider of Tier 1 warehouse control systems.[184] Hilliard-based Redemtech, a division of Micro Center, is a world leader in technology change management.[185] Veeam Software is located in Dublin, and TOA Technologies is a global leader in cloud computing-based mobile workforce management and based in Ohio's "Silicon Suburb" of Beachwood.

In July 2010, AT&T announced the construction of a $120 million data center in Akron, their 9th facility dedicated to such for the eastern seaboard of the United States,[186] which was followed by the announcement in August of the construction of a $20 million Involta data facility, also in Akron, which will be constructed to meet LEED certification.[187][188]

In October 2010, South Korea-based Nautilus Hyosung, a leading ATM manufacturer, began operating their global software headquarters in Miami Township.[189] In December 2010, France-based Alcatel-Lucent announced a $20.2 million project to move existing operations in Columbus to a new 60,000 square foot facility in the city.[190]

Publishing

See also: List of newspapers in Ohio

A main sector of the industry is the publishing sector.[172] The sector ranks 9th out of all states in the number of establishments,[172] which is 1,015,[172] and ranks 10th in the number of employees in the sector,[172] and 13th in its contribution to the gross state product.[172] McGraw-Hill operates a division in Columbus, Brown Publishing Company distributes over 70 publications throughout the state, and was recently sold to Ohio Community Media; American Legal Publishing Corporation, headquartered in Cincinnati, codifies ordinances for 1,800 cities and counties, and Knight-Ridder has its roots in Ohio, although now headquartered in California.

Block Communications, located in Toledo, owns major newspapers such as the Pittsburgh Post-Gazette, as well as numerous television stations and networks from Idaho to Illinois. The E.W. Scripps Company, headquartered in Cincinnati, is a major American media company with newspapers from Florida, Texas, to California, and owns television stations located in markets from Baltimore to Phoenix.

Ohio is home to some of the world's leading legal firms, including Jones Day and Squire, Sanders & Dempsey, headquartered in Cleveland. The state is also home to some of the United States' largest firms, including Baker Hostetler in Cleveland, Taft Stettinius & Hollister, Frost Brown Todd, and Dinsmore & Shohl in Cincinnati, and Vorys, Sater, Seymour and Pease in Columbus.

Retail

Ohio is home to major retailers such as Macy's, Kao Brands, Totes, and Bigg's in Cincinnati, Elder-Beerman in Dayton, Abercrombie & Fitch Co. in New Albany, Limited Brands, Victoria's Secret, Big Lots, Inc., and Value City in Columbus, and Luxottica in Mason. The Ohio Art Company, producers of Etch A Sketch via French inventor André Cassagnes, is located in Bryan.

In July 2010, Nebraska-based Hayneedle opened a 501,357-square-foot (46,577.6 m2) distribution facility in Monroe,[191] while Hilliard-based Micro Electronics, Inc. announced the extension of operations in Cambridge.[192]

Tourism

The Rock and Roll Hall of Fame is a well-visited tourist attraction in Cleveland, Ohio. This is one of many tourist attractions that help make up Ohio's diverse tourism industry.
Put-in-bay, located on the Bass Islands in Lake Erie, attracts international tourism.
Ohio tourism expenditures by category. About 34.4% of the expenditures were on food, making food the plurality of all Ohio tourism expenditures.

Ohio's tourism industry had an economic impact of $35.8 billion on the state in 2009, sustaining 437,000 employment positions which reflected 8.6% of the state's total employment, with $9.9 billion in personal income generated. A total of 171.6 million trips were to or in Ohio.[193] This contrasts with figures from 2006, where the industry had an economic impact of $33.7 billion with 173.8 million trips taken either to Ohio, or within Ohio.[194]

Ohio is especially famous for two of the largest amusement parks in North America which draw tourists from around the world: Cedar Point in Sandusky and Kings Island in Mason, Ohio. Other major attractions include the Rock and Roll Hall of Fame in Cleveland, the Pro Football Hall of Fame in Canton, the Bass Islands near Sandusky, the National Museum of the United States Air Force, the world's largest and oldest military aviation museum located in Dayton, The Wilds, one of the world's largest conservation centers located in Cumberland, the Columbus Zoo and Aquarium, the nation's premier zoo, Lake Erie, and the annual Arnold Sports Festival in Columbus. Other notable attractions include the Toledo Museum of Art, the National McKinley Birthplace Memorial in Niles, Ohio, the Egypt Valley Wildlife Area in Belmont County, the Stan Hywet Hall and Gardens in Akron, the Cincinnati Zoo and Botanical Garden, the Great Lakes Science Center in Cleveland, the Center of Science and Industry in Columbus, the Boonshoft Museum of Discovery in Dayton, the 125 historic covered bridges located throughout the state, musician Chrissie Hynde's restaurant The VegiTerranean in Akron, and the Great Serpent Mound in Adams County.

Toledo is the future home of the National Great Lakes Museum, making it the largest Great Lakes Museum, a collaborative project of the Great Lakes Historic Society and Port Authority of Toledo to be opened in 2012.[195]

Voters recently approved a ballot initiative allowing the construction of four new casinos in the state. They include the $600 million Caesars' Cleveland Casino, to be completed by the first half of 2012 and located in The Flats,[196] the $400 million Caesars' Cincinnati Casino to be located downtown,[197] the $400 million Hollywood Casino-Columbus, with construction slated to be finished by 3rd or 4th quarter of 2012,[198] and the $250 million Hollywood Casino-Toledo, with construction slated to be finished by the 1st or 2nd quarter of 2012.[199]

Film

The motion picture industry has had a steady presence in the state for decades. Production companies include Hemlock Films, Tri-C, Access Video, Creative Technology, Second Story Productions, and Shadetree Films in the Cleveland area; Media Magic Productions, which includes an Emmy-winning producer, and Classic Worldwide Productions in the Toledo area; BCB Productions, Miller James, one of the nation's largest independent production companies, I'AMedia, Arginate Studios, Media Source, and Ascension 7 Films in the Columbus area; and Bright Light Productions, J. Cage Productions, and Panoptic Media in the southwestern Ohio area.[200] Studios and sound stages include RISE Studios and CSI Production Concepts in Cincinnati, Cleveland Audio Visual, and Gaiam Inc. in West Chester.

Recent legislation signed into law by the state makes eligible projects over $300,000 in production costs to receive up to 25% reimbursement up to $5 million and 35% for locally employing. This legislation has resulted in 9 movies filmed or planned in northeast Ohio alone in 2010, resulting $9.46 million in wages for 3700 local employees, with an economic impact of $24.3 million for local businesses.[201] In 2010 expenditures on film in the state have been estimated to total over $31 million, filming in locations that include Akron and Cincinnati also.[202]

Academy-award winning films with production occurring in Ohio have included Terms of Endearment, The Silence of the Lambs, The Deer Hunter, Rain Man, and Traffic. Other notable films include Air Force One, Men In Black, Shawshank Redemption, The Rain Maker, The Soloist, Eight Men Out, Tango and Cash, Major League, Spider Man 3, Christmas Story, and Happy Gilmore.[203][204][205]

Personal income

Further information: Ohio locations by per capita income

Ohio was #8 in the U.S. for personal income earned in 2005, at $373 billion.[206] The average income for the top 5% in the state was $174,026 in 2008. Over two decades, the bottom 20% average income bracket increased 11.6% to $18,337, while the middle 20% increased by 8.9% to $49,051.[207]

According to the Bureau of Labor Statistics in 2008, the average annual salary for Ohioans was $39,820. The highest paid professionals in the state were concentrated in the medical fields. Anesthesiologists, with average annual income of $211,060, were the highest paid, followed by oral and maxillofacial surgeons at $206,670, surgeons at $206,570, orthodontists at $200,770, obstetricians and gynecologists at $186,740, physicians at $170,730, and dentists at $165,400. Average annual income for other selected professionals include airline pilots at $121,330, computer and information research scientists at $99,730, physicists at $98,150, chief executives at $159,730, financial managers at $109,740, aerospace engineers at $94,530, biomedical engineers at $72,150, art directors at $83,110, police officers at $49,890, chefs at $43,230, housekeepers at $19,450, construction laborers at $37,600, steel workers at $50,690, and elevator repairmen at $70,270[208]

The state of Ohio's residents have an overall $35,511 per capita personal income[88] as of 2009, up from $33,338 in 2006.[3]

Incomes vary by county. The median family income in Cuyahoga County is $54,506,[209] where the Cleveland Clinic is the single largest employer.[210] Cleveland also has emerging biotechnology and financial concentrations. It is also worthwhile to note that while some cities in Ohio have declining populations,[211][212] the overall growth in per capita income in Ohio increased by 4.6% from 2005–2006.[3]

Housing

According to the United States Census Bureau, there are an estimated 5,045,356 houses in Ohio, of which 4,499,506, or about 89.2% are estimated to be occupied;[213] this is 0.8% above the national average rate of occupation.[213] Houses with a mortgage are estimated to cost owners about $1,216 per month,[213] which is $186 below the national average.[213] The United States Census Bureau also estimates that 3,150,239 houses are owner-occupied,[213] or about 70%, which is 2.7% above the national average, and that an estimated 1,349,267 houses are renter-occupied.[213] The median house value is $135,200,[213] which is a significant $50,000 below the national average. Also, there are an estimated 545,850 unoccupied houses.[213] It is also interesting to note that the plurality of houses in Ohio were built from 1940 to 1959 (1,175,325 houses),[214] and that 3,058,721 houses are in some way dependent on utility gas.[214]

The average home value in Cleveland is $139,900, Cincinnati $149,900, and Columbus $164,900.[215] Clear Capital's Home Data Index in July 2009 showed that Cleveland, Columbus and Cincinnati led the nation in home value increases, up 19.6, 15.6 and 12.9 percent.[216] The top five counties through November 2006 for average listing price were Geauga County at $388,822, Ottawa County at $314,786, Union County at $306,872, Warren County at $267,236, and Hamilton County at $237,965.[217]

Some historians suggest Ohio is the birthplace of public housing, having submitted the first application for such to the Public Works Administration in 1933. The state was also the first to establish a local public housing authority. Ernest J. Bohn, a Romanian immigrant to Cleveland, is credited as a pioneer in public housing.[218]

Taxation

According to the Small Business & Entrepreneunership Council, Ohio's top personal income tax rate of 5.925% ranks #27 as of 2009.[6] The rate has been steadily declining since the 2005 tax reform, dropping from $11,506.20 + 7.5% of excess over $200,000 in 2004 to $9,090 + 5.925% of excess over $200,000 in 2009.[219] The top personal capital gains rate is 5.925%, ranking #30, while the top corporate tax rate is 1.9%, ranking #6, and the top corporate capital gains rate is also ranked #6 at 1.9%. Ohio is #30 in average property taxes at 3.3% of personal income, but the taxes vary by city and district. The state is #14 in overall average percentage of income used for sales, excise, and gross receipt taxes at 2.96%.[6]

Below are the simple personal income tax rates for Ohio:[219]

Income range Tax rate per dollar earned
$0–$5000 0.587%
$5001–$10000 $29.35 + 1.174% of excess of $5,000
$10001-$15000 $88.05 + 2.348% of excess over $10,000
$15001-$20000 $205.45 + 2.935% of excess over $15,000
$20001-$40000 $352.20 + 3.521% of excess over $20,000
$40001-$80000 $1,056.40 + 4.109% of excess over $40,000
$80001-$100000 $2,700 + 4.695% of excess over $80,000
$100001-$200000 $3,639 + 5.451% of excess over $100,000
$200001 or more $9,090 + 5.925% of excess over $200,000

See also

References

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  219. ^ a b "Ohio Income Tax Rates". State of Ohio. Retrieved 2009-12-02. {{cite web}}: Cite has empty unknown parameter: |coauthors= (help)
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