Ohio’s economy is experiencing a remarkable transformation, driven by industry diversification and a stable, growing workforce. At Russ Hadick & Associates (RHA), we recognize the pivotal role that strategic investments and a robust talent pipeline play in this upward trajectory.
Stabilizing the Workforce
A recent Bloomberg analysis reveals that from 2020 to 2023, Ohio’s population of 25 to 44-year-olds has either stabilized or increased in 75% of the state’s counties. This prime working-age group is essential for job growth and business expansion, laying a solid foundation for the state’s economic vitality.
Diversifying Industries and Attracting Investments
Ohio’s commitment to diversifying its industries is evident through the concerted efforts of organizations like JobsOhio, which has successfully attracted over 60 companies from outside the state. This influx of businesses has spurred new investments across communities, fostering economic mobility even in rural areas. Notably, Holmes and Harrison counties have ranked in the top 10 nationally for income growth among young adults from lower-income households.
Governor Mike DeWine aptly stated, “This is Ohio’s time,” as the state capitalizes on the economic momentum built over the past 14 years. Focusing on high-impact sectors, companies have committed to creating over 126,000 new jobs and adding $6.6 billion in payroll since 2019, marking significant increases over the previous five years.
Emerging Markets and Megaprojects
Ohio is positioning itself as a key player in emerging markets such as semiconductors, electric vehicles, biotech, and advanced air mobility. Major corporations like Intel, Honda, Ford, GE Aerospace, Sierra Nevada Corp., and Amgen are investing billions in the state, generating thousands of high-paying jobs that align with the skill sets of the growing workforce.
To support these large-scale investments, Ohio is advancing several megaprojects in manufacturing and infrastructure. Currently, JobsOhio projects support 1 in 8 construction jobs statewide, reflecting record growth in the construction workforce to meet escalating demand.
Enhancing Talent and Supporting Communities
The Small Business Grants and Vibrant Communities Program have supported over 520 small businesses and 25 downtown districts in economically disadvantaged areas since 2020. These efforts empower smaller towns and rural communities to create economic opportunities and retain their workforce.
Marketing campaigns like “Find Your Ohio” and “Have It All in the Heart of It All” are enhancing Ohio’s profile as a desirable place to live and work, attracting job seekers and encouraging families and young professionals to recognize the state’s unique combination of job opportunities and quality of life.
RHA’s Commitment to Ohio’s Growth
At Russ Hadick & Associates, we are more than just a recruiting company. With over 40 years of experience, we are committed to helping both our clients and candidates reach their goals. Our success is built on a firm commitment to ethical behavior and values, focusing on finding the best in people and putting them to work.
As Ohio continues to build momentum through proactive investments in economic and workforce development, RHA stands ready to connect top talent with the opportunities across the state. By focusing on high-growth industries, empowering local communities, and enhancing the state’s attractiveness to job seekers, Ohio is laying the foundation for sustainable growth and a stable population trajectory. Ohio’s resilience and adaptability position it well to thrive in the coming years.
