OHIO NUMBER ONE IN THE NATION IN NEW AND EXPANDED BUSINESS FACILITIES

FOR IMMEDIATE RELEASE
February 26, 2004

Columbus, OH -- Ohio is the number one state in the nation in new and expanded business facilities, capturing the prestigious Site Selection Magazine Governor's Cup. Editor Mark Arend presented the coveted annual award to Governor Bob Taft.

“This is a great honor for the State of Ohio, but we will not be satisfied until every Ohioan who wants to work can find a job,” said Taft. “We’re going to continue to work every day to help create jobs for Ohioans.”

The ranking was based on the number of new and expanded facilities that: involve an investment of at least $1 million; create at least 50 new jobs; or add at least 20,000 square feet of new floor area. According to Site Selection Magazine, Ohio had 587 facilities that met these criteria.

“It’s an honor to recognize Governor Taft and his economic development team for their success in attracting capital investment to Ohio,” said Arend. “For 50 years, Site Selection Magazine has been devoted to corporate real estate and economic development.”

In accepting the award, Taft called Ohio’s business climate competitive and attributed the top ranking to strong fundamentals. "Our superior workforce, strong transportation network and high quality of life make Ohio an attractive state in which to do business," said Taft.

Taft also addressed prospective businesses, invited to watch the ceremony via a live Webcast. “I am particularly proud of the personalized assistance we offer to business, including site selection assistance, creative financing through loans, grants and tax incentives, workforce development and training and a variety of services for small businesses,” said Taft.

As Ohio Development Director, and newly-appointed head of the Governor’s Jobs Cabinet, Bruce Johnson pledged to step up efforts to continue Ohio’s success. “The root of Ohio’s economic performance lies in the ingenuity and fortitude of its businesses,” said Johnson. “My goal is to minimize the barriers companies face and take the steps necessary to ensure Ohio has a business climate that allows its companies to remain competitive.” The Department of Development is Ohio’s primary economic development arm and seeks to retain and promote the expansion of current Ohio businesses and attract new business through financial, informational, technical assistance and by working with local partners.