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1 big thing: How Ohio boosted venture capital investment

Friday, January 10, 2020

In the battle for talent and economic growth, U.S. cities are often competing with each other to become the next tech hubs and in luring new investment and jobs.

  • In Ohio, however, venture capital investors in three cities are working together to boost the state's startup appeal.

Why it matters: The Midwest is hardly a hotbed for venture capital activity, the majority of which goes to New York, Massachusetts and California. But legacy Rust Belt states see a chance to attract entrepreneurs looking for alternatives to pricey cities like San Francisco.

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Why Ohio?

Ohio Has the Fourth Largest Interstate Highway System

Ohio Has the Fourth Largest Interstate Highway System

Ohio is One of the Top 10 Freight Destinations

Ohio is One of the Top 10 Freight Destinations

7th Largest Economy in the U.S., 21st Worldwide

7th Largest Economy in the U.S., 21st Worldwide

$2.7 BillionBudget Reserve

$2.7 BillionBudget Reserve

Ohio Ranks No. 9 in Competitive Labor Environment

Ohio Ranks No. 9 in Competitive Labor Environment

No Corporate Income or Profits Tax

No Corporate Income or Profits Tax

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