JobsOhio Update - Ohio House Economic & Workforce Development Committee
Summary
Slide deck titled JobsOhio Update for the Ohio House Economic & Workforce Development Committee, describing JobsOhio as Ohio's Privatized Economic Development Organization. The slides give the vision, mission and values, say JobsOhio was privatized from the state in 2011 and is a 501.C4, and show that in 2013 the Ohio Spiritous Liquor Enterprise was acquired for $1.4 Billion. A slide headed NO TAX DOLLARS lists a $1.400 Billion purchase price, $0.254 Billion profit sharing and a $2.9 Billion STATE TREASURY total. Later slides cover awards and recognition and engagement with stakeholders, including a statewide listening tour. Each slide carries a footer stating that the document is not a public record.
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Cite this document
“JobsOhio Update - Ohio House Economic & Workforce Development Committee.”
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Ohio House Economic & Workforce
Development Committee
JobsOhio
Update
About JobsOhio
2
Ohio’s Privatized Economic Development Organization x
VISION MISSION VALUES
Ohio is recognized as Economic Act with Integrity
best place to live, work, Development
invest & live YOUR Value People
American Dream
Make A Difference
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2)
Ohio’s Privatized Economic Development Organization x
2011 J Bishop P Kalmbach L Lyles
Privatized from State
R Smith B Batchelder
JP Nauseef Richard J. Platt (Emeritus)
S Sullivan JS Thornton T Williams
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2) 4
Ohio’s Privatized Economic Development Organization x
2011
Privatized from State
501.C4
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2) 5
Ohio’s Privatized Economic Development Organization x
6
112
FTEs
10
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2) 6
Ohio’s Privatized Economic Development Organization x
1 Advanced
Manufacturing 224K
2 Logistics &
Distribution
183K
3 Financial
Services
168K
4 Automotive 112K
5 Information
Technology
95K
6 Military &
Federal
93K
7 Energy &
Chemicals
93K
8 Healthcare 92K
9 Food
Processing
70K
10 Aerospace
& Aviation
38K
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2) 7
Ohio’s Privatized Economic Development Organization x
2013
Ohio Spiritous Liquor Enterprise
Acquired $1.4 Billion
STATE TREASURY
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2) 8
Ohio’s Privatized Economic Development Organization x
$1.4 BILLION
Revenue 2020
$285 MILLION
Net Profit
$125 MILLION
Gallonage Tax +
Profit Share
FY 2020 Example
$990 MILLION
Operating Costs
+ Cost of Goods
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2) 9
Ohio’s Privatized Economic Development Organization x
NO TAX DOLLARS
$1.400 Billion purchase price
$0.254 Billion profit sharing
~$1.200 Billion payroll taxes
$2.9 Billion
STATE TREASURY
(1) Deferred Payment Only since 2011. Excludes sales tax collected.
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2) 10
Ohio’s Privatized Economic Development Organization
x
$2.9
Billion
STATE TREASURY
(1) Deferred Payment Only since 2011. Excludes sales tax collected.
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2) 11
Awards and
Recognition Stateways
Best off-Premise
Partnership
Stateways
Best of the Best
AA AA+
Source: JobsOhio Research
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2) 12
Ohio’s Privatized Economic Development Organization x
Private Industry Experience
Competitive Advantages
& Differentiators • 10 former CEOs / Founders
• 40 Master’s degrees; 5 PhD’s / JD
Team • 6 Veterans
• Over 50% under-represented population
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2)
Ohio’s Privatized Economic Development Organization x
Private Entity
Competitive Advantages
& Differentiators • Discretion
• Agility
Team • Speed
Private
Structure
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2)
Ohio’s Privatized Economic Development Organization x
Stable No TAX Dollars
Competitive Advantages Funding
& Differentiators • Focus on dealmaking vs
fundraising
• Funds to compensate private
Team sector talent
Private • Funds for Dealflow
Structure
(Discretion, Agility, Speed) • Long term “strategic” deals
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2)
Ohio’s Privatized Economic Development Organization x
Stable JobsOhio Network
Competitive Advantages Funding State Level of Resources
& Differentiators (Team, Deals, Operations) with a Local Touch
Team
Private Statewide
Structure Coverage
(Discretion, Agility, Speed)
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2)
JobsOhio Response to Covid Crisis
This This document
document is a
is not not a public
public record
record and bereprinted
notbe
should not
content should
anditsitscontent reprintedin in other
anyany document.
other OhioOhio
document. Revised Code Code
Revised 149.43(A)(1)(bb) and 187.04(C)(1)
149.43(A)(1)(bb) and and (2) and (2)
187.04(C)(1)
JobsOhio COVID Crisis Response
(Mar 2020 – Aug 2020)
10
new initiatives
47M
units of PPE
$250M $250M
300K 15K
Businesses
Jobs
Impacted Impacted
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2)
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2)
Results
Investment in Ohio Since 2011
$73 Billion
Total Investment in Ohio
$1.2 Billion
JobsOhio Programs*
* Programs with executed agreements total $875M+. The remaining ~$325M is
committed to companies with projects but have yet to execute the agreement.
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2)
JobsOhio Impact Since 2011
$1.2B JobsOhio
2,800 PROJECTS
210K+ NEW JOBS
$64B CAPX
$10B
NEW PAYROLL
PROGRAMS
INVESTED*
* Programs with executed agreements total $875M+. The remaining ~$325M is
committed to companies with projects but have yet to execute the agreement.
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2)
21
JobsOhio 2020 Results
>300 Projects (#2 best year)
>19,000 New Jobs
$1.0B New Payroll
$7.8B CapX (#3 best year)
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2)
Ohio – Gaining Momentum
#1
Total Projects
#1
Total Projects
Per Capita Per Capita
2019 2020
Net Promoter Score (NPS) 2020
Highest Since 2016
86
High score noting:
• Professionalism
• Program Knowledge
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2)
Sample Project Wins 2019-2021
25 jobs, 66 retained (2019) 630 jobs, Expansion (2021)
26 jobs, Expansion (2020)
$2.3B investment,
1,100 jobs
160 jobs,
Expansion (2020)
12 jobs, Expansion (2020)
$12M investment, 21
jobs (2020) 93 jobs, Expansion (2019)
25 jobs,
$16M CAPEX, Expansion (2020)
428 jobs (2020)
30 jobs, Expansion (2020)
Site Development Grant
$3.1M (2020)
Zanesville Muskingum County Port 40 new jobs,
Authority/National Road Business Park
$43M CAPEX (2020)
Site Development Grant $2.9M (2020)
$3M investment,
Athens County Port Authority / Bill Theisen Industrial Park
128 jobs (2020) 105 jobs (2020) 2 new jobs, 8 retained (2020)
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2)
Ohio in Position to Emerge Strong
Ohio is well positioned x
Unemployment lower than USA Ohio Unemployment
Since 1995
17.6
Faster return than most states 13.9
to pre-COVID conditions in USA
11.0
9.0 8.9
86% fewer unemployment claims
8.3
5.8 6.1
5.7 5.5
than peak in late March (1% lower than USA average) 4.1
New business filings record Feb 20 Ma r 20 Apr 20 Ma y Jun 20 Jul 20 Aug 20Sep 20 Oct 20 Nov 20Dec 20
20
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2)
Ohio is Well Positioned
National Regional
Business Climate Sector Leadership
#1 Governor’s Cup #2 Automotive Manufacturing Strength #1 in rainy-day fund balance
#3 Business Climate #2 Aerospace Attractiveness #2 highest bond rating
#7 Business Opportunity #3 Manufacturing workforce #2 pension funding level
#3 Foreign Direct Investment #2 in real GDP growth
#9 Best for Business
#6 Opportunity zones
#9 Best for Business
#9 Manufacturing Output Percentage
#10 Top for Business #10 Technology jobs
Source: Ohio Department of Job and Family Services, U.S. Bureau of Labor Statistics, CES Survey
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2)
Current Pipeline (as of February 26, 2021)
The JobsOhio project pipeline represents the potential deals that JobsOhio and its state,
regional and local partners are working to drive job creation and capital investment in Ohio.
ACTIVE PROJECTS BY STAGE* TOTAL PROJECT PIPELINE*
263 19,829 NEW JOBS
37,897 RETAINED JOBS
LEADS $8.7 B CAPITAL INVESTMENT
124,096
NEGOTIATIONS
21 3,155 NEW JOBS
1,317 RETAINED JOBS
NEW AND RETAINED JOBS
$1.6 M CAPITAL INVESTMENT
105 18,160 NEW JOBS
39,120 RETAINED JOBS
$33 Billion
CAPITAL INVESTMENT
OFFERS $14.6 B CAPITAL INVESTMENT
APPLICATIONS
159 11,138 NEW JOBS
13,112 RETAINED JOBS
$3.4 B CAPITAL INVESTMENT
* Potential results if all projects are realized.
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2)
“Industries of the Future”
Forward looking per year
$100-150M Invested
20-25K Jobs
$1B Payroll
$5-7.5B Capital
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2)
A Generational Opportunity for Ohio
A Generational Opportunity for Ohio x
Leverage Positive Global Awareness
Gov. DeWine
Ohio’s value proposition NEVER more evident response to crisis
widely praised
• National focus on reshoring aligns with Ohio’s diverse
industry, workforce & location
Ohio “Stood Out”
• Economic duress accelerates emerging trend away
from the coasts to Ohio’s affordability & livability as a model amongst
states and nations
JobsOhio and statewide network in place &
aligned with DeWine Administration to position ~$25 Million
Ohio to emerge a leader earned value
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2)
A Generational Opportunity for Ohio x
Leverage Positive Global Awareness
Ohio’s value proposition NEVER more evident #3 mfg workforce
• Reshoring supply chains aligns with Ohio’s diverse
in U.S.A.
industry, workforce & location
#9 most diverse
• Economic duress accelerates emerging trend away
from the coasts to Ohio’s affordability & livability industry base
JobsOhio and its statewide network in place & 1-day drive from
aligned with DeWine Administration to position 60% market
Ohio to emerge a leader
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2)
A Generational Opportunity for Ohio x
Leverage Positive Global Awareness
Ohio’s value proposition NEVER more evident #2 Most Affordable State
• 45% lower cost than San Fran
• 72% lower cost than NYC
• Reshoring supply chains aligns with Ohio’s diverse • 20%+ lower Healthcare costs
industry, workforce & location
Best Cities for Homebuyers
• Accelerates emerging trend away from coasts • #4 Dayton
strength of Ohio’s affordability & livability • #7 Akron
• #8 Columbus
• #10 Cincinnati
JobsOhio and statewide network in place &
aligned with DeWine Administration to position #2 Quality of Life metric
Ohio to emerge a leader low living costs & short commutes
(USNews,
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2) Sperling)
A Generational Opportunity for Ohio x
Leverage Positive Global Awareness
Ohio’s value proposition NEVER more evident
• Reshoring supply chains aligns with Ohio’s diverse
industry, workforce & location
• Accelerates emerging trend away from the coasts to
Ohio’s affordability & livability
JobsOhio & statewide network in place &
aligned w/DeWine Administration to
position Ohio to emerge a leader
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2)
2020 Priorities & Outcomes
JobsOhio Key Initiatives & Priorities
JobsOhio 2011 – JobsOhio 2020 – Present JobsOhio 2020 –
1.0 Organization
& Culture
2.0 Talent 2.X COVID PPE
9
Beverage
System
10
Sites
10 COVID
Response
Resilient G&A Military & Innovation Ohio PPE Leadership
Sectors Federal
Diversity, Equity
JobsOhio Network Ohio To Work™
& Inclusion
Stakeholder
Marketing, Comms, Broadband
Engagement
Research
Inclusive Economic
6 Econ Dev
Programs
Development
Ohio is for Leaders
Find it Here + Enhanced
Find Your Ohio Lending Support
JO Future
Air Service Restoration
of Work
13 Econ Dev
Programs
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2)
Generational 1. Focus on Ohio Businesses first
2. Get Ohioans back to work
Opportunity 3. Diversify and invest
4. Inclusive recovery for all Ohioans
Resilient 5. Capitalize on Reshoring/Migration from Coasts
Sectors
JobsOhio
2011 – JobsOhio 2020 – JobsOhio 2020 –
1.0 Organization & Culture 2.0 Talent 2.X COVID PPE
Invest in Ohio Business Beverage System Sites 10 COVID Response
Retention & Expansion (BR&E) 9 G&A
10 Innovation Ohio PPE Leadership
JobsOhio Network Diversity, Equity & Inclusion Ohio To Work™
Sectors Mil/Fed
• 1,462 BR&E visits Marketing, Comms, Research
6 Econ Dev Programs
Stakeholder Engagement
Inclusive Econ Dev
Broadband
Ohio Is For Leaders
Find it Here & Find Your Ohio Enhanced Lending Support
• 70% Increase from 2019 Air Service Restoration
13 Econ Dev Programs
JO Future of Work
• 125 New Opportunities
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2)
Generational 1. Focus on Ohio Businesses first
2. Get Ohioans back to work
Opportunity 3. Diversify and invest
4. Inclusive recovery for all Ohioans
Talent & 5. Capitalize on Reshoring/Migration from Coasts
Workforce
JobsOhio
2011 – JobsOhio 2020 – JobsOhio 2020 –
1.0 Organization & Culture 2.0 Talent 2.X COVID PPE
Beverage System Sites 10 COVID Response
Scale Ohio To Work™
9 G&A
JobsOhio Network
10 Innovation
Diversity, Equity & Inclusion
Ohio PPE Leadership
Ohio To Work™
Sectors Mil/Fed
5,094 Marketing, Comms, Research
6 Econ Dev Programs
Stakeholder Engagement
Inclusive Econ Dev
Broadband
Ohio Is For Leaders
Job Seekers Served Find it Here & Find Your Ohio Enhanced Lending Support
Air Service Restoration JO Future of Work
368 13 Econ Dev Programs
Placed into Jobs
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2)
Generational 1. Focus on Ohio Businesses first
2. Get Ohioans back to work
Opportunity 3. Diversify and invest
4. Inclusive recovery for all Ohioans
5. Capitalize on Reshoring/Migration from Coasts
Innovation
JobsOhio
2011 – JobsOhio 2020 – JobsOhio 2020 –
1.0 Organization & Culture 2.0 Talent 2.X COVID PPE
Invest in Innovation Beverage System Sites 10 COVID Response
9 G&A
JobsOhio Network
10 Innovation
Diversity, Equity & Inclusion
Ohio PPE Leadership
Ohio To Work™
• Announced Cincinnati, Columbus Sectors Mil/Fed
Marketing, Comms, Research Stakeholder Engagement Broadband
& Cleveland Innovation Districts 6 Econ Dev Programs Inclusive Econ Dev Ohio Is For Leaders
Find it Here & Find Your Ohio Enhanced Lending Support
• Develop growth capital solutions Air Service Restoration JO Future of Work
• > $6 Billion to be invested 13 Econ Dev Programs
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2)
Generational 1. Focus on Ohio Businesses first
2. Get Ohioans back to work
Opportunity 3. Diversify and invest
4. Inclusive recovery for all Ohioans
5. Capitalize on Reshoring/Migration from Coasts
Sites
JobsOhio
2011 – JobsOhio 2020 – JobsOhio 2020 –
1.0 Organization & Culture 2.0 Talent 2.X COVID PPE
Beverage System Sites 10 COVID Response
Invest Site Development 9 G&A
10 Innovation Ohio PPE Leadership
JobsOhio Network Diversity, Equity & Inclusion Ohio To Work™
Sectors Mil/Fed
• 24 new sites (100+ in pipeline) Marketing, Comms, Research Stakeholder Engagement Broadband
6 Econ Dev Programs Inclusive Econ Dev Ohio Is For Leaders
• $39M Invested Find it Here & Find Your Ohio Enhanced Lending Support
Air Service Restoration JO Future of Work
• 3.5M New Sq Ft available 13 Econ Dev Programs
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2)
Generational 1. Focus on Ohio Businesses first
2. Get Ohioans back to work
Opportunity 3. Diversify and invest
4. Inclusive recovery for all Ohioans
Air Service 5. Capitalize on Reshoring/Migration from Coasts
Restoration
JobsOhio
2011 – JobsOhio 2020 – JobsOhio 2020 –
1.0 Organization & Culture 2.0 Talent 2.X COVID PPE
Restore Ohio Air Service
Beverage System Sites 10 COVID Response
9 G&A
JobsOhio Network
10 Innovation
Diversity, Equity & Inclusion
Ohio PPE Leadership
Ohio To Work™
• Attract air service ahead of Sectors
Marketing, Comms, Research
Mil/Fed
Stakeholder Engagement Broadband
other states 6 Econ Dev Programs Inclusive Econ Dev Ohio Is For Leaders
• Capitalize on Reshoring / Find it Here & Find Your Ohio Enhanced Lending Support
Air Service Restoration JO Future of Work
Migration from Coasts
13 Econ Dev Programs
• JobsOhio Board approved
$10M in the current fiscal year
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2)
Generational 1. Focus on Ohio Businesses first
2. Get Ohioans back to work
Opportunity 3. Diversify and invest
4. Inclusive recovery for all Ohioans
Diversity, 5. Capitalize on Reshoring/Migration from Coasts
Equity &
Inclusion
JobsOhio
2011 – JobsOhio 2020 – JobsOhio 2020 –
1.0 Organization & Culture 2.0 Talent 2.X COVID PPE
Invest in Under-represented Beverage System Sites 10 COVID Response
populations & geographies 9 G&A
JobsOhio Network
10 Innovation
Diversity, Equity & Inclusion
Ohio PPE Leadership
Ohio To Work™
Sectors Mil/Fed
Marketing, Comms, Research Stakeholder Engagement
• 57 Ohio Businesses (80 in pipeline) Broadband
6 Econ Dev Programs Inclusive Econ Dev Ohio Is For Leaders
• 319 New, 920 Retained Jobs Find it Here & Find Your Ohio Enhanced Lending Support
Air Service Restoration JO Future of Work
• $25M Total Investment 13 Econ Dev Programs
• Broadband Expansion
• Largest Starlink Pilot in USA
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2)
Generational 1. Focus on Ohio Businesses first
2. Get Ohioans back to work
Opportunity 3. Diversify and invest
4. Inclusive recovery for all Ohioans
Market 5. Capitalize on Reshoring/Migration from Coasts
Ohio
JobsOhio
2011 – JobsOhio 2020 – JobsOhio 2020 –
1.0 Organization & Culture 2.0 Talent 2.X COVID PPE
Beverage System Sites 10 COVID Response
Leverage Global Awareness
Gov. DeWine response to 9 G&A
JobsOhio Network
10 Innovation
Diversity, Equity & Inclusion
Ohio PPE Leadership
Ohio To Work™
Sectors Mil/Fed
crisis widely praised Marketing, Comms, Research Stakeholder Engagement Broadband
6 Econ Dev Programs Inclusive Econ Dev Ohio Is For Leaders
• Find it Here Find it Here & Find Your Ohio Enhanced Lending Support
Air Service Restoration JO Future of Work
• Find YOUR Ohio 13 Econ Dev Programs
• Ohio is for Leaders
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2)
Business Climate
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2) 45
Why Ohio: Proximity to Large Base of Customers
7 th
Largest state
Nearly 12 million people
698B
Diverse economy
GSP
120+
Approximately
50+ 150
Inc. 5000
Fortune 1000 companies Growth
Ohio-based listed companies Companies
$1.2T+ market capitalization
Ohio is home to numerous global operations centers, and
hundreds of thousands of small- & medium-enterprises (SMEs)
(1) Ohio Secretary of State Office (2019)
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2) 46
Why Ohio: Strong Logistics Infrastructure
Seattle 0 km
/ 1,00
s
m ile
600
One day’s drive
to >60% of US 75
Toronto, Canada
Boston
& Canadian
populations. Detroit 90
80
New York City
90
Chicago
70
Washington DC
70
77
Norfolk
St. Louis
75
70 65
Charlotte
Los Angeles
Charleston
Atlanta
4th-largest interstate 4th largest network of Largest presence of foreign
9 commercial ports
highway system trade zones in the Midwest.
operating railroads Only Midwest state w/direct shipping to 7 commercial airports
Europe for container & heavy goods. 97 general aviation airports.
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2) 47
Why Ohio: Lower cost of Operations
$90.00
$81.61
$80.00
$70.00
$60.00 #2 Most
Affordable
$50.00 $45.68 $45.44
State
$40.00
$33.80 $32.94
$30.00
$23.28 $22.70 $22.03
$20.00
$10.00
$0.00
San Francisco Los Angeles* Seattle Denver Phoenix Columbus Cleveland Cincinnati
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2) 48
Pro-business
Why Ohio: Ohio’s Tax Advantage State Tax Climate
13 th Best Small Business
Tax Climate
(Small Business and
NO Corporate Profits
or Income Tax
NO Tangible Personal
Entrepreneurship Council, 2019) Property Tax
NO Inventory Tax
Ohio Has Cut Nearly
5
NO tax on products
Billion
Lowest Tax Rate sold outside of Ohio
on New
NO tax on machinery
Manufacturing and equipment
in taxes from 2012-2017 investments
in the Region1 (Ohio Office of Budget and Management)
NO tax on R&D
Investments
0.26%
Source: (1) EY, KPMG
The Commercial
Activity Tax
Single, Low Rate Business Tax
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2) 49
4
Why Ohio: Affordability & Quality of Life
• #2 Most Affordable State (USNews)
Ohio means business when it comes to quality of life. Learn more
about all the reasons Ohio is for leaders.
• >45% less than San Fran, NYC
• 28% lower Healthcare costs
• Best Cities for Millennial Homebuyers:
- #4 Dayton See what Ohio has to offer
- #7 Akron
- #8 Columbus
- #10 Cincinnati
*Click to play!
This document is not a public record and its content should not be reprinted in any other document. Ohio Revised Code 149.43(A)(1)(bb) and 187.04(C)(1) and (2) 50
Generational Engagement
Opportunity • Launched Q1, 2020
• Establish consistent, transparent
Tyler Yaple, Phil Greenberg,
communications with stakeholders Director Chief of Staff
• Generate broad awareness of
2.0 Engagement value of JobsOhio & JON
• Support leads & opportunities
Darnita Bradley Drew Cooper,
Manager Coordinator
Top Issue Raised by Stakeholders
during Statewide Listening Tour
• Establish consistent communication to
build stronger partnerships & generate
more leads
• Relationships & influence with
stakeholders and other interested
parties to further JobsOhio’s mission
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File and source
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