As recently as 1962, Ohio qualified as one of the less industrious of the nation's industrial states. Beset by an $83 million budget deficit, a dearth of new business, and a 25% drop in employment during the previous six years, Ohio set out to do something about its sluggish economy. Since then, no other state has wooed industry with quite as much ardor—or success. Last year Ohio lured an estimated $2.1 billion in new industrial investment, the best such performance ever by any state.
The turnabout reflects Ohio's unique natural assets for taking full advantage of the expansion fever that...
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