Why the World is Coming to Ohio (cover)
Ohio's Knowledge Base
Positioned for Success
Ohio's Expertise
Speeding the Flow of Global Trade
International Offices
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by RENEE HAINES
International trade is an essential component of Ohio's robust economy. From a historical perspective, the recession of the early 1990s was less severe because of Ohio's involvement in the global marketplace. Today, Ohio is benefiting from 504,000 new jobs that have been created within the state from 1990 to 1997, and the state currently enjoys the lowest unemployment rate in 25 years. From 1989 to the present, Ohio has had more foreign investments than 33 other U.S. states combined, leading the No. 2 state by 93 facilities.
International firms are capitalizing on Ohio's central location and easy access to rich North American markets, a skilled labor force and an established just-in-time services and supplier network.
Ohio has companies with such familiar names as Dannon, Honda, Nestle, Panasonic, and Electrolux; a center of U.S. industry is becoming an international business hub. Indeed, the state's many successes at attracting, keeping, and growing foreign investments have transformed Ohio into a global comfort zone.
Foreign investment in Ohio now totals US$29 billion and employs more than 200,000 workers. In excess of 800 documented foreign firms representing 25 countries now boast Ohio addresses at facilities ranging from manufacturing and distribution to research and development.
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