Ohio Remains Nation's No. 1 Choice for Business Development, Attraction and Capital...

Tue Mar 10, 2009 11:12am EDT

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Ohio Remains Nation's No. 1 Choice for Business Development, Attraction and
Capital Investment

State awarded third consecutive Governor's Cup Award from Site Selection
Magazine for achievements in economic investments and business expansion 

Columbus, Ohio, March 10 /PRNewswire/ -- Site Selection Magazine, one of the
nation's leading location assistance publications, has awarded the state of
Ohio its third consecutive Governor's Cup Award for leading the nation in new
and expanded facilities in 2008. Site Selection Magazine's March issue
highlights Ohio's efforts in leading the nation in new business development
and expansion in both micropolitan and metropolitan categories, as well as the
state's overall achievements in economic investments.

(Logo:  http://www.newscom.com/cgi-bin/prnh/20071107/CLW113LOGO  )

According to the Ohio Business Development Coalition, the nonprofit
organization that markets the state for capital investment, the Governor's Cup
Award further demonstrates that Ohio's purposeful redesign of its business
climate is making the state an ideal location for businesses to compete in a
21st century global economy.

Ohio Governor Ted Strickland attributes Ohio's third consecutive Governor's
Cup win to the state's manufacturing strengths, logistics capabilities,
skilled workforce and competitive business environment.

"This award serves as an important reminder that our commitment to phasing in
comprehensive tax reforms, while investing in sustainable sectors of the
economy, is positioning Ohio for recovery and long-term economic growth," said
Governor Strickland.  "But we will not rest for a moment in the midst of this
national recession.  Our budget continues to prioritize investments in
education, health care and job-creating tax relief to encourage capital
investment and grow Ohio's economy."

The No. 1 ranking for Ohio was based on the number of private capital
investments for new or expanded facilities that involved an investment of at
least $1 million, created a minimum of 50 new jobs, or added at least 20,000
square feet of new floor area. According to Site Selection's rankings, Ohio
won the award with 503 projects; Texas placed second with 497 projects,
followed by Michigan (296), Pennsylvania (290) and North Carolina (245).

This year marks the seventh time Ohio has been awarded the Governor's Cup,
receiving the award in 1993, 1994, 1995, 2003, 2006 and 2007.

"Ohio's three consecutive Governor's Cup awards are evidence that our economic
development strategies for creating a healthy business development climate in
the state are working and further prove that Ohio should be on every CEO's
list of location options," said Ed Burghard, executive director of the Ohio
Business Development Coalition. "Executives are realizing, in Ohio, they're
able to find the perfect balance between successfully growing a business and
still enjoying life. Business owners profit from the bottom-line benefits of
better work:life balance for their employees. Ohio's low-cost, low-stress
communities and combination of micropolitan and metropolitan cities provides
executives and employees the resources and time to make any ambition
achievable. Ohio truly is the state of perfect balance."

Ohio also was recognized for having more cities in Site Selection's top 10
metropolitan and micropolitan categories for new and expanded corporate
facilities than any other state, proving the business strength of its five
distinct regions and urban areas.

    --  Cincinnati, Columbus and Cleveland ranked 4th, 8th and 9th
respectively
        among metropolitan areas with populations of over one million.
    --  Dayton, Akron and Toledo swept the top three spots ahead of all other
        mid-sized metropolitan areas with a population between 200,000 and one
        million, with Youngstown tied for 7th.
    --  Wooster, Ashtabula and Wapakoneta ranked 6th, 7th, and 9th
respectively
        among micropolitan cities of 10,000 to 50,000 in population.



About the Ohio Business Development Coalition
The Ohio Business Development Coalition is a nonprofit organization that
markets the state for capital investment. The OBDC provides marketing strategy
and implementation to support Ohio's economic development efforts. For more
information on business development or business relocation, visit
www.ohiomeansbusiness.com.

For more information about the Governor's Cup Award, visit
www.siteselection.com. 


SOURCE  Ohio Business Development Coalition

Dace de la Foret of Paul Werth Associates, +1-614-224-8114, ext. 235,
delaforet@paulwerth.com, for Ohio Business Development Coalition
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