Ohio Ranks #5 in CNBC “Top States for Business” Report
July 10, 2025
Ohio has climbed from #7 in 2024 to #5 in 2025 in CNBC’s annual “America’s Top States for Business” rankings, continuing a three-year ascent that began with a jump to #12 in 2023. This performance marks Ohio’s highest ranking since the index launched in 2007. Among the states CNBC ranked as the Top 5 States for Business overall, Ohio has the best infrastructure, the lowest cost of doing business and the lowest cost of living.
Though the fundamentals of the study remain unchanged, CNBC weighted Economy (17.8%) and Infrastructure (16.2%) more heavily than any other factors this year. Ohio’s balanced budget, diversified GDP growth, abundant low-cost energy, and large-scale computing power helped the state capitalize on the new scoring criteria.