Ohio ranked as 16th best state in which to do business

According to a survey from CNBC, Ohio is in the top 20 best states in which to do business, coming in at no. 16. This is a five-spot jump from last year.

The survey examines 60 measures of competitiveness, developed with input from an array of business and policy experts, official government sources, the CNBC Global CFO Council, YPO and the states themselves.

States receive points based on their rankings in each metric and are then separated into 10 broad categories (workforce, infrastructure, the cost of doing business, economy, quality of life, technology and innovation, education, business friendliness, access to capital and cost of living), weighted based on how frequently each is used as a selling point in state economic development marketing materials.

Ohio ranked as follows:
– Workforce: 31
– Infrastructure: 5
– Cost of Doing Business: 22
– Economy: 17
– Quality of Life: 40
– Technology and Innovation: 15
– Education: 15
– Business Friendliess: 37
– Access to Capital: 14
– Cost of Living: 18

For more information regarding the survey and to see the other states’ rankings, click here.