10. Ohio
The Buckeye State offers very affordable business costs. But for business-friendly regulations, it falls short.
Economic Profile
Governor: Mike DeWine, Republican
Population: 11,693,217
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GDP growth (Q1 2021): 6.4%
Unemployment rate (May 2021): 5%
Top corporate tax rate: None (levies a gross receipts tax)
Money Report
Top individual income tax rate: 4.8%
Gasoline tax: 38.51 cents/gallon
Bond rating (Moody's/S&P): Aa1, stable/AA+, stable
Major private employers: Wal-Mart, Cleveland Clinic, Procter & Gamble
Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
