Ohio has recently been identified as one of the states with the worst economies in a recent study. WalletHub examined economic indicators for all 50 states and Washington D.C across 28 metrics to determine the states with the best economies. The metrics included median household income, business growth, and unemployment rate. Despite its low ranking, Ohio was named one of the best states in the country to start a business by Forbes.
While Ohio ranked poorly in WalletHub’s study, it performed slightly better in economic health and innovation potential, coming in at 39th and 33rd place respectively. Despite its low ranking, Ohio was recognized positively in other reports such as CNBC’s ‘Top States for Business’ list where it placed 12th.
The top 10 states with the worst economies are Mississippi, Hawaii, West Virginia, Arkansas, Louisiana, Kentucky, Rhode Island, Iowa, and Maine. However, recent investments from Intel, Amgen and Honda have further boosted Ohio’s economy. The Ohio Chamber of Commerce President and CEO Steve Stivers believes that Ohio is on the right track for economic growth and recognizes that other studies have shown positive results for the state’s economy.
