Ohio is celebrating its 212th birthday with special events at the Ohio Statehouse in Columbus.
Ohio Gets B+ For Manufacturing
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A new study showâ€™s Ohio is performing above average in its economic recovery. A report by the Center for Business and Economic Research gives the state a B+ in manufacturing growth.
Mike Hicks heads the economic research center at Ball State University in Indiana.
â€œI have a very positive prognosis for Ohioâ€™s future manufacturing,” Hicks says.
His study graded the health of each stateâ€™s manufacturing industry by looking at the tax climate, how well workers are treated, productivity and innovation, and other factors.
Hicks says a big contributor to Ohioâ€™s high grade is logistics â€“ the ability to move goods and raw materials in and out of the state over rail, water, and roads.
One of Ohioâ€™s biggest challenges is retaining an educated workforce â€“ what economists call human capital. Hicks says part of the brain drain problem is attracting todayâ€™s workers to Ohioâ€™s aging urban centers.
â€œThe human capital story is as much the quality of place story as it is the educational attainment of adults.â€
But Hicks says signs are positive that Ohio could attain an A grade. Assessments of standardized test scores of kids still in school show that Ohioâ€™s human capital is ready for the demands of modern manufacturing. The challenge, he says, is keeping them here.