Forklift Masts Ohio - Ohio state is located within the Midwest United States. In total area, the state ranks as the 34th largest. The state is the 7th most densely inhabited state with nearly 11.5 million people. The state capital is Columbus. The word "Ohio" itself, comes from the Iroquois word "ohi-yo," which translates to "great river."
Initially, the state partitioned from the Northwest Territory. It was admitted to the Union as the original state under the Northwest Ordinance and as the 17th state on the 1st of March, 1803. Historically, Ohio has been called the "Buckeye State," linking to the buckeye tree. The people who live within the state of Ohio, sometimes called Ohioans are also called "Buckeyes." According to population density, the state of Ohio ranks 9th amongst the nation and consists of seven metropolitan areas with populations of 500,000 or more.
In the state of Ohio, the government is made up of the executive branch which is led by the Governor; the legislative branch, that comprises the Ohio General Assembly and the judicial branch which is led by the Supreme Court. Ohio has the reputation as both a bellwether and a swing state in national elections. Now, Ohio state occupies 18 seats in the United States House of Representatives.
As Ohio state is geographically located from the Midwest to the Northeast, there is a large amount of traffic and cargo that pass along its highways through its borders. The place has been helpful, enabling economic growth and expansion. The state has the 10th biggest highway network in the USA. It is within a one day drive of half of North America's population and 70% of North America's manufacturing capacity.
There are lots of sea ports situated in the north, because the Lake Erie coastline extends for approximately 312 miles. Within the south, the Ohio River acts as the state border, with the border being on the river's north side at the 1793 low water mark. One more big section of the northern border is defined by Lake Erie. Indiana borders Ohio to the west, Michigan is located to the northwest, West Virginia is on the southeast, Kentucky is on the south, Pennsylvania is on the east and Ontario, Canada is found to the north.
Ohio state recently ranked 4th, among all states for the best business climate during the year 2009, according to Site Selection magazine. The numbers were based upon a database of business activity. This magazine has likewise awarded the state of Ohio three consecutive Governor's Cup awards, based on developments and business growth. Ohio's GDP or Gross Domestic Product as of 2007 was $466 billion, ranking the state as 7th largest of all of the fifty states and the District of Columbia.
In their Business Tax Index 2009, the Small Business and Entrepreneurship Council ranked Ohio tenth for best business friendly tax systems. This incorporated a top corporate tax and a capital gains rate that were both ranked 6th at 1.9%. Ohio was ranked 11th by the council for best friendly-policy states according to their Small Business Survival Index 2009. The state came in seventh for best litigation climate and the Directorship's Boardroom Guide likewise ranked Ohio state 13th overall for best business climate.
Based on the U.S. News and World Report's rankings of 2010, Ohio state has five of the top 115 colleges in the USA. The same magazine ranked the state 8 for best high schools during 2008. As well, Forbes ranked Ohio State 8 for best regulatory environment in 2009.
In the month of May year 2010, the state's unemployment rate was 10.7 %. The state's employment rate is expected to grow 5 percent from the year 2006 to the year 2016, a net gain of 290,700 jobs. Ohio's per capita income averages $34,874 and as of 2007, Ohio's median household income is $46,645. These figures place 13.1% of the population below the poverty line, which is slightly higher than the national rate of 13 percent.
The GDP of Ohio is mostly due to the manufacturing and financial sectors each making up 18.3% of Ohio's Gross Domestic Product. Ohio is a national leader in the "green" economy all over the nation. It has the biggest bioscience sector within the Midwest. In the United States, the state of Ohio is the largest producer of fabricated metals, appliances, electrical equipment, rubber and plastic. Now, 5,212,000 Ohioans are employed by wage or salary.
Ohio's largest sector by employment is the utilities/trade/transportation sector. This employs 19.4% of the state's labor force or 1,010,000 Ohioans. The education and health care sector employs 15.8% or 825,000 Ohioans. The Government sector follows employing 787,000 Ohioans or 15.1%, whilst the manufacturing industry hires 669,000 Ohioans or 12.9%, and professional and technical services employs 638,000 Ohioans 12.2%.
Ohio's manufacturing sector is the third biggest of all fifty states in terms of GDP. According to statistics during the year 2008, Fifty nine of the United States' top 1000 publically traded companies are headquartered in the state of Ohio. Amongst these companies consist of: Abercrombie & Fitch, AK Steel, Wendy's, Goodyear Tire & Rubber and Proctor & Gamble and Timken. Ohio also has its very own lottery, just as forty one other states do. Throughout the course of its thirty four year history, the Ohio Lottery has contributed over fifteen and a half billion dollars to public education.