Ohio is raising its game in serving as a home to logistics companies, a new university report said.
Ohio raised its “grade” as a home for logistics businesses to an “A,” according to the 2018 Manufacturing and Logistics Report Card released by the Ball State University Center for Business and Economic Research and Conexus Indiana.
Ohio improved from “B+” to “A” in its logistics and “B-” to “B” in its diversification grades, the report states.
The state maintained a grade of “B” in manufacturing, “C” in tax climate and liability gap, and “C-” in human capital.
However, Ohio declined from “B” to “B-” in global position, “C+” to “C” in productivity and innovation, and “C-” to “D” in benefits costs.
Ohio experienced an increase in assisted living costs from 2016 to 2017, the report said.
“U.S. manufacturing and logistics are in a remarkable period of expansion,” Michael Hicks, a Ball State professor of economics and business research, said in a statement.
The report features an annual scorecard comparison of advanced manufacturing and logistics health among all the U.S. states.
The report was written by Hicks and Srikant Devaraj, the center’s research assistant professor. The reports can be downloaded from the Center for Business and Economic Research website at http://conexus.cberdata.org/.