Technology companies have a chance to grow more with concentrated financial support. Ohio has multiple areas that qualify as possible growth centers, and, as Adam Uzialko recently mentioned, the tech scene offers resources and opportunities for new companies to take advantage of. We've already talked about Uzialko's general discussion of Ohio business, but he also calls out the tech industry specifically as a growing area.
Uzialko specifically noted how the newer tech-based businesses sprang out of a need to replace some of the gaps left by former manufacturing companies. In fact, the state is in a position to combine technology with the experience it has in older manufacturing.
"From small tech startups and accelerators to large aerospace companies, Ohio has seen a recent surge in the level of technology being produced in-state," he said. "The big players rely on small businesses for support and professional services, as well as help to raise the level of disposable income in a given area."
Last year, Uncubed placed the entirety of Central Ohio on a list of "fastest growing tech hubs" in the country. Columbus and Dayton were referenced as major centers for tech companies, with accelerators and startup support there to encourage companies to develop well.
In the Computing Technology Industry Association's new report, looking at the 2016 Cyberstates, Ohio ranked sixteenth, with 57,400 computer systems design jobs. The tech sector as a whole contributes 4.2 percent to the entire Ohio economy. Nearly 4 percent of private sector workers are in tech. Ohio placed over states such as Washington D.C., New Mexico and Oregon.
Contact Growth Capital Corporation to get an Ohio SBA loan that lets your company grow and gives it the resources to flourish in the tech-focused sections of the state.