Monday, July 28, 2008

Ohio's Economy Part III

I find it interesting how data collection can be interpreted differently. It just depends on which data is included in the report I guess. Two very good reports have recently been released on Ohio's Economy. One is from the Ohio Department of Development and Ohio's Business Roundtable called Ohio Tax Reform: Year 2 in Review. Ohio has made significant progress in terms of declining taxes on both businesses and individuals. This report drills down into the impact the tax reform has had on different industry sectors. Very interesting.

The other report is from the Ohio Department of Job and Family Services, Bureau of Labor Market Information called 2008 Ohio Economic Analysis. This report isn't so rosy for Ohio. It has some very good information regarding workforce trends and projections as well as stats on the educational level of Ohio's residents. Also very interesting.

The good news is that in some areas Ohio has improved, but in others there is much work to be done. And it isn't something that can be fixed overnight.

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