• Skip to primary navigation
  • Skip to main content
  • Skip to footer
Leave us a Review on
Facebook Linkedin Twitter
  • (216) 592-2332
Inquire Now!
Small business loan resources in ohio
  • About Us
  • Programs
    • SBA 504 Loan Program
    • Community Advantage
  • Community
    • Events
    • Event Photo Gallery
  • Small Business Resources
  • Contact Us
  • Blog
Menu
  • About Us
  • Programs
    • SBA 504 Loan Program
    • Community Advantage
  • Community
    • Events
    • Event Photo Gallery
  • Small Business Resources
  • Contact Us
  • Blog
Search
Close this search box.

6 reasons why Ohio’s small businesses are thriving

The Buckeye State is home to 25 Fortune 500 companies, both a testament to the strong business network that exists here and a promising sign for local entrepreneurs looking to network and expand their own companies.​

You are here: Home / Small Business Tips / 6 reasons why Ohio’s small businesses are thriving

May 5, 2015 by boardmember1 45 Comments

It’s hard to imagine that just a few short years ago, the entire country was gripped in its worst recession in nearly a century. You’d never believe it given how much better the economy looks today, with unemployment constantly on the decline, job growth regularly ticking upward and more entrepreneurs feeling confident enough to open new businesses. Of course, Ohioans don’t need to conduct a state-by-state survey to know that, they can see it happening in their own backyard:

  • GDP: As of 2013, Ohio generates a GDP of $565 billion. NerdWallet notes that if Ohio was its own country, this figure would make its economy the 27th largest in the world.
  • Lucrative business community: The Buckeye State is home to 25 Fortune 500 companies, both a testament to the strong business network that exists here and a promising sign for local entrepreneurs looking to network and expand their own companies.​
  • Unemployment: After peaking at 12 percent in January 2010, Ohio’s unemployment rate has fallen year after year and currently sits at a mere 5.4 percent — not only a great number in its own right, but even under the national average of 5.5 percent.

In order to analyze Ohio’s stature as a hotspot for entrepreneurs, NerdWallet surveyed local communities that were home to at least 5,000 people and over 500 companies that ran the gamut from single-person proprietorships to major businesses. Evaluating each of these communities’ business climate (defined as “the average revenue of businesses, the percentage of businesses with paid employees and the number of businesses per 100 people”) and local economic health (“annual median income, monthly median housing costs and unemployment rates”), NerdWallet summed up the following takeaways:

  • Entrepreneurial communities: “The top 10 have, on average, 14.92 businesses per 100 people, well above the statewide average of 9.03, meaning business owners are highly concentrated in many of these cities,” writes NerdWallet.
  • Greater Cincinnati: Four of NerdWallet’s top 10 Ohio cities for business activity were located in Hamilton County, in the Greater Cincinnati area. Additionally, Cincinnati itself hosts nine of the state’s Fortune 500 companies.
  • Smaller cities: While Cincinnati may be king, Ohio’s smaller cities are also proving to be vibrant areas for small business growth. The average population of NerdWallet’s top 10 cities was only 10,303, way below the state average of 28,470. This kind of close-knit feel lends itself better to entrepreneurs looking to network with local business partners.

Are you a local entrepreneur looking to grow your business and benefit the Ohio economy? Consult with Growth Capital today for affordable, long-term commercial business loans to help you realize your goals.

Small Business Tips business community,  gdp,  Ohio grants,  Ohio small businesses,  small business,  unemployment

Reader Interactions

Comments

  1. Atszke says

    October 19, 2023 at 1:34 am

    buy nortriptyline 25mg pills methotrexate 10mg us buy panadol 500mg for sale

  2. Lpeyso says

    October 20, 2023 at 6:27 am

    xenical cheap purchase diltiazem sale diltiazem cheap

  3. Zdbyhm says

    October 21, 2023 at 11:45 pm

    medex price buy paroxetine 10mg generic order maxolon online cheap

  4. Fbtlgg says

    October 24, 2023 at 10:28 am

    purchase astelin sprayers azelastine 10 ml nasal spray irbesartan where to buy

  5. Vfrslq says

    October 25, 2023 at 10:42 am

    famotidine 40mg usa brand losartan tacrolimus price

  6. Hxfjfh says

    October 28, 2023 at 3:59 am

    buy generic esomeprazole cost topiramate 100mg topamax us

  7. Cqggee says

    October 28, 2023 at 11:00 pm

    zyloprim oral order crestor 20mg online cheap crestor price

  8. Cpvfgp says

    October 29, 2023 at 4:37 pm

    order imitrex 25mg sale order levaquin 500mg sale buy dutasteride generic

  9. Faoxuj says

    October 30, 2023 at 11:55 am

    buy generic buspin for sale buspar 10mg pills amiodarone 100mg pills

  10. Cluwyi says

    October 31, 2023 at 3:22 pm

    ranitidine 150mg pill celecoxib order online purchase celebrex without prescription

  11. Hggwcj says

    November 1, 2023 at 12:58 pm

    motilium buy online buy generic domperidone tetracycline without prescription

  12. Ugzbxs says

    November 2, 2023 at 9:09 pm

    purchase tamsulosin online ondansetron 4mg cheap zocor 10mg sale

  13. Bkkntv says

    November 3, 2023 at 7:01 pm

    where can i buy an essay my favorite writer essay letter writing services

  14. Llhory says

    November 4, 2023 at 2:49 pm

    order aldactone 100mg online cheap propecia uk order finasteride 1mg online

  15. Hzzgly says

    November 5, 2023 at 6:15 pm

    order sildenafil online purchase sildalis generic estrace 1mg tablet

  16. Bytnwa says

    November 6, 2023 at 10:30 am

    buy diflucan pill purchase forcan generic baycip brand

  17. Xjolcj says

    November 7, 2023 at 5:40 pm

    buy lamotrigine 200mg sale order prazosin 1mg for sale order vermox 100mg generic

  18. Dcmmhc says

    November 8, 2023 at 5:49 am

    metronidazole 400mg drug order cephalexin buy cephalexin 250mg for sale

  19. Ggsoyn says

    November 9, 2023 at 4:26 pm

    buy tretinoin cream generic buy generic avana 200mg avana uk

  20. Fsxfoi says

    November 10, 2023 at 12:48 am

    clindamycin oral order sildenafil 100mg without prescription natural pills for erectile dysfunction

  21. Rbmvpj says

    November 11, 2023 at 2:58 pm

    tadacip canada buy tadalafil 10mg purchase indomethacin online cheap

  22. Smunsd says

    November 11, 2023 at 6:38 pm

    nolvadex online buy purchase betahistine generic rhinocort buy online

  23. Slfkjq says

    November 13, 2023 at 1:56 pm

    buy cefuroxime 250mg online cheap purchase careprost robaxin order online

  24. Cbyiph says

    November 15, 2023 at 8:29 am

    buy lamisil cheap lamisil for sale online play poker online free

  25. Tyzzel says

    November 15, 2023 at 5:51 pm

    order desyrel 100mg generic clindamycin price buy generic clindac a online

  26. Kygblr says

    November 17, 2023 at 8:36 am

    essays online to buy suprax buy online order cefixime 100mg

  27. Crvrvk says

    November 17, 2023 at 10:16 am

    purchase aspirin online cheap buy aspirin paypal poker games online

  28. Bzoyax says

    November 19, 2023 at 5:54 am

    cheap thesis binding casino online gambling no deposit free spins

  29. Xddtwi says

    November 19, 2023 at 9:53 am

    cost amoxicillin 500mg buy trimox 250mg generic buy biaxin 250mg without prescription

  30. Aefazu says

    November 21, 2023 at 5:43 am

    calcitriol 0.25 mg drug order calcitriol 0.25 mg generic buy tricor 160mg without prescription

  31. Ysbwff says

    November 21, 2023 at 11:18 am

    order clonidine 0.1 mg order meclizine 25mg generic tiotropium bromide 9mcg pills

  32. 인터넷카지노 says

    November 22, 2023 at 11:52 pm

    인터넷카지노
    Zhu Houzhao는 이것을 보았을 때 무의식적으로 눈이 밝아졌습니다.

  33. Ihpxwr says

    November 22, 2023 at 11:55 pm

    buy acne pills cheap trileptal trileptal buy online

  34. Nxrhmj says

    November 23, 2023 at 9:03 am

    buy minocin 50mg without prescription hytrin generic order requip 1mg pills

  35. Wxusne says

    November 24, 2023 at 5:33 pm

    order uroxatral 10 mg without prescription best non prescription allergy medication heartburn after swallowing pill

  36. Bjanyv says

    November 25, 2023 at 12:12 pm

    buy femara 2.5mg for sale albendazole 400 mg for sale buy aripiprazole 30mg for sale

  37. Qxuhpl says

    November 26, 2023 at 10:58 am

    diphenhydramine hcl nighttime sleep aid avodart prescription for hair loss amazingweightloss best weight loss pills

  38. Wbvgsw says

    November 27, 2023 at 10:26 am

    buy provera 10mg praziquantel usa buy microzide 25mg sale

  39. Lnivou says

    November 28, 2023 at 5:40 am

    holistic ways to quit smoking drugs used in smoking cessation buy pain meds no script

  40. Regmhh says

    November 29, 2023 at 2:13 am

    cyproheptadine 4mg without prescription buy periactin pills buy ketoconazole sale

  41. Uptwfg says

    November 29, 2023 at 12:17 pm

    list of antivireal drugs once a week pill for diabetes pharmapure sugar blocker walmart

  42. Ulexib says

    November 30, 2023 at 12:48 pm

    duloxetine price buy cymbalta pills modafinil online

  43. Dyxmkh says

    December 1, 2023 at 1:35 am

    black toenail while taking lamisil supplements that kill candida safe blood pressure medications list

  44. Bfojer says

    December 2, 2023 at 8:08 am

    buy promethazine no prescription buy erectile dysfunction drugs india ivermectin

  45. Tabvaa says

    December 2, 2023 at 6:05 pm

    antibiotic for stomach ulcer duodenitis diet mayo clinic best online uti treatment

Leave a Reply

Your email address will not be published. Required fields are marked *

Social

Follow along on social media.
Leave us a review on

Contact

IMG Center
1360 East Ninth Street, Suite 950
Cleveland, Ohio 44114

  • Get Directions
  • (216) 592-2332
  • Contact

Navigation

  • Have A Loan?
  • Small Business Loan Programs
  • Loan Calculator
  • Community
  • Small Business Resources
  • Annual & Loan Activity Reports
  • Blog
  • Our History
  • Events
  • Contact Us
  • Have A Loan?
  • Small Business Loan Programs
  • Loan Calculator
  • Community
  • Small Business Resources
  • Annual & Loan Activity Reports
  • Blog
  • Our History
  • Events
  • Contact Us

Newsletter

Stay up to date by subscribing to our newsletter.
Click here to sign up

© Copyright 2023 Growth Capital Corp · All Rights Reserved · Website designed by Jennasis & Associates