Ohio Tops for Corporate Expansion and Relocation
From the Kaufmann Foundation:
Ohio and Illinois are the places to be–at least for major corporate expansions and relocations. These Midwestern states have traditionally been known for their manufacturing prowess, and that legacy has also created a lot of economic challenges. But, according to the latest rankings from Site Selection magazine, both states have done a good job in terms of diversifying their economies. Each year, Site Selection presents the Governor’s Cup to the state leaders who have garnered the most new corporate relocations and expansions in the previous year. Ohio, and its governor Ted Strickland, topped this year’s list with 395 site expansions or relocations in 2007. Other top contenders of the Governor’s Cup include (in rank order): Illinois, Tennessee, North Carolina, and Texas.
The article, “Victory Lap,” by Mark Arend, appears in the March 2008 issue of Site Selection.