Ohio Going After Business Investments

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Researched by Industrial Info Resources (Sugar Land, Texas)--As communities in the U.S. have thrown support to businesses in order to attract more jobs for their citizens and a larger tax base, Ohio has been very successful in attracting more than its share of these business investments.

According to Business Facilities, Ohio has seen nearly 40 new companies relocate there from both the east and west coasts in 2022, and the state racked up $6.9 billion in investments in 2021.

Ohio has continued its growth in 2022 with large new projects from the semiconductor and automotive industries starting up this year, such as Intel Corporation's (NASDAQ:INTC) (Santa Clara, California) new $20 billion fabrication complex in New Albany and Ford Motor Company's (NYSE:F) (Dearborn, Michigan) $1.5 billion expansion for a new electric vehicle assembly plant in Avon Lake.

Industrial Info is tracking more than 200 Industrial Manufacturing projects started since October 2021 worth $23.8 billion in Ohio. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here for related reports.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).