Top Business Climate Meets Excellent Talent Pool
January 10, 2017
In the last few years, the US market has been focused more and more again by European companies. This largest single market in the world has been recognized again with a top score in the latest World Competitiveness Yearbook (WCY) published by the renowned Swiss IMD Business School. The analysis is based on 340 criteria out of four factors; in two of them, “infrastructure” and “economic performance”, the US has been ranked #1. The WCY annual study ranks competitiveness of 61 countries, and the US regularly achieves top results.
Within the US, Ohio has consistently been named for the past ten years as one of the best investment locations. This is proven by the nationwide Governor’s Cup award of the Site Selec-tion magazine. This annual prize is awarded to federal states for business expansions or newly founded subsidiaries in their area. To be included in the analysis, the project must meet at least one of three criteria: involve a capital investment of $1 million; create over 20 new jobs; or add 20,000 sq. ft. (1,850 sq. m.) of new floor area. Trade, state projects, hotels, schools and hospitals are excluded. In 2015, numerous European companies contributed to this success through expansions and new locations such as Valeo Bayen, TFF Group (both from France), and Ravizza Packaging (Italy), and German companies including Storopack, Röchling, and Peter Cremer.