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2020 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts

Monday, August 03, 2020

Clearly, 2020 is not taking shape the way that anyone expected it would as America watched the ball drop and rang in the new year. The coronavirus pandemic has impacted just about everything, from health to lifestyles to the state of the economy.

Amid today’s gloomy headlines, it’s worth taking a look back at the economic development headlines of 2019 — the expansions and new developments that inspired our annual Shovel Awards. These honors are based on information provided by state economic development officials and the information was current at the time it was provided. It goes without saying that some companies may have paused or altered some of these plans as the pandemic unfolded. Looking back at the wins of 2019 is not simply a matter of turning on old favorite tunes to relive memories of better times. Paused economies always fire back up, and the Shovel Awards spotlight strong economic foundations upon which to build bright futures.

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Why Ohio?

$2.7 BillionBudget Reserve

$2.7 BillionBudget Reserve

Ohio is One of the Top 10 Freight Destinations

Ohio is One of the Top 10 Freight Destinations

Ohio Has the Fourth Largest Interstate Highway System

Ohio Has the Fourth Largest Interstate Highway System

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

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

No Corporate Income or Profits Tax

No Corporate Income or Profits Tax

Ohio Ranks No. 9 in Competitive Labor Environment

Ohio Ranks No. 9 in Competitive Labor Environment

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