Ohio is an often overlooked state for investment, but it offers a diverse and stable economy. As one of the largest manufacturing states, Ohio is home to major companies like Procter & Gamble, Goodyear and Honda. Its central location also makes it a major logistics and distribution hub. With low costs of living and a skilled workforce, Ohio draws continued business investment. The state also provides incentives like tax credits to support companies. For investors, Ohio offers a range of stable investment opportunities in stocks, real estate, small businesses and more.
Ohio’s broad industrial base brings investment stability
As a historic manufacturing state, Ohio has a very diverse economy spanning industries like aerospace, automotive, healthcare and consumer goods. Major corporations have headquarters and facilities located in the state. This industrial variety makes Ohio’s economy more resilient to market fluctuations. For example, during recessions like in 2020, states dependent on oil and gas struggled more than Ohio. So investors can have confidence that Ohio companies can withstand downturns. The state also continues working to support economic growth through research, infrastructure development and workforce training.
Ohio incentivizes business investment
Ohio offers attractive tax incentives to encourage companies to locate and expand in the state. These include job creation tax credits, research and development grants, property tax exemptions and more. So investors can benefit from these policies that spur continued business investment and job growth. For example, tech company Root Insurance recently announced a $200 million expansion in Ohio supported by state tax credits. This type of development brings positive economic activity that can translate to stock growth and development opportunities.
Diverse cities provide real estate prospects
In addition to business investment, Ohio offers stable real estate investment options. Major cities like Columbus and Cleveland provide vibrant housing markets, fueled by their large business presence and skilled workforces. Smaller regional cities can also present real estate opportunities, for example university towns like Oxford. Overall demand for housing has increased in Ohio, driving growth in property values, rents and new construction. Real estate investors can capitalize on both residential and commercial developments across Ohio’s diverse cities and metro areas.
Local investment channels diversify opportunities
For direct community investment, Ohio has a wide network of local CDFIs (community development financial institutions) like finance funds, credit unions and more. These mission-driven organizations provide loans and financial services to small businesses, affordable housing projects and community development programs. So Ohio residents can invest locally and enable economic growth in lower income areas. Additionally, small business and startup investment represents another in-state opportunity. Ohio is home to many tech incubators and accelerators that cultivate new local companies. Overall, Ohio offers impactful community investment channels beyond just stocks and bonds.
With its business-friendly policies, skilled workforce and diverse economy, Ohio provides a stable environment for investment. Investors can tap into established corporations across manufacturing, healthcare and other resilient sectors. Real estate prospects also abound in Ohio’s growing metropolitan areas. And impact investment channels allow for community-focused allocation. Overall, Ohio delivers investment opportunities spanning asset classes to suit different investor strategies.