Franklin County is the No. 1 county in the state for drawing investments, a new study has found.
Finance site SmartAsset.com has ranked Ohio’s counties ( report and methodology here) based on a five-part formula that aims to find the places that are receiving the most incoming investments in business, real estate, government and the local economy as a whole.
Union and Delaware counties are Nos. 2 and 3 on the list.
Nationally, Franklin County is No. 28, Union is No. 160 and Delaware is No. 229. Williams County, North Dakota, is No. 1 overall.
“Local investment and economic expansion are positive signs for communities because of the inherent quality of life improvements they represent,” SmartAsset spokesman Steve Sabato said in an email.
In terms of just the percentage of business growth over a three-year period ending in 2014, Delaware County was best among the top 10 ranked by SmartAsset at 8.7 percent. Franklin had 2.8 percent business growth over that period; Union, 1.1 percent.
Of the top 10 counties, only Cuyahoga – Cleveland’s home – saw negative business growth at -0.7 percent. Cincinnati’s home county – Hamilton – was at No. 12 for incoming investments in the state.
Assistant Managing Editor-Digital
Columbus Business First