Ohio Forklift Parts - The state of Ohio is found in the Midwest United States. In total area, the state ranks as the 34th biggest. The state is the 7th most densely inhabited state with nearly 11.5 million people. Columbus is the state capital. The word "Ohio" itself, is derived from the Iroquois word "ohi-yo," that translates to "great river."
The state was at first partitioned from the Northwest Territory. The state was the first state under the Northwest Ordinance to be admitted to the union. Signed on March 1, the year 1803, it was the 17th state to join. Historically, Ohio state has been known as the "Buckeye State," connecting to the buckeye tree. The individuals who live within the state of Ohio, occasionally called Ohioans are also called "Buckeyes." Based on population density, the state of Ohio ranks ninth amongst the country and comprises seven metropolitan areas with populations of 500,000 or more.
In the state of Ohio, the government consists of the executive branch that 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 swing state and a bellwether in national elections. Now, the state of Ohio occupies eighteen seats in the United States House of Representatives.
Since the state of Ohio is geographically situated from the Midwest to the Northeast, there is a large amount of cargo and traffic which pass along its highways through its borders. The place has been beneficial, enabling economic expansion and growth. The state has the tenth largest highway network within the United States. It is within a one day drive of half of North America's population and seventy percent of North America's manufacturing capacity.
Various seaports can be found to the north, where Lake Erie gives the state of Ohio 312 miles of coastline. The Ohio River provides the southern border of the state, as the border is at the 1793 low water mark located on the river's north side. Another big part of the northern border is defined by Lake Erie. Indiana borders the state of Ohio to the west, Michigan is found to the northwest, West Virginia is on the southeast, Ontario, Canada is found on the north and Pennsylvania is on the east.
The state of Ohio was ranked 4th in the USA, during 2009 for best business climate, based on Site Selection magazine. This was based on a business activity database. This magazine has also awarded the state three consecutive Governor's Cup awards, based upon developments and business growth. Ohio's GDP or Gross Domestic Product as of 2007 was $466 billion, ranking the state as 7th biggest of all of the 50 states and the District of Columbia.
In their Business Tax Index 2009, the Small Business and Entrepreneurship Council ranked the state of Ohio 10th for best business friendly tax systems. This included a top corporate tax and a capital gains rate that were both ranked sixth at 1.9%. Ohio was ranked 11 by the council for best friendly-policy states according to their Small Business Survival Index 2009. The state came in 7 for best litigation climate and the Directorship's Boardroom Guide likewise ranked Ohio third 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 within the USA. The same magazine ranked the state 8th for best high schools during the year 2008. In addition, Forbes ranked the state of Ohio 8th for best regulatory environment during 2009.
The unemployment rate in the state was 10.7% during the month of May the year 2010. The rate of employment is expected to grow at least five percent for a net gain of 290,700 jobs, from the year 2006 to 2016. Ohio's per capita income averages $34,874 and as of the year 2007, Ohio's median household income is $46,645. These figures place 13.1% of the population below the poverty line, which is slightly above the national rate of 13%.
Ohio's GDP is mostly due to the financial and manufacturing sectors each making up 18.3% of Ohio's Gross Domestic Product. Ohio is a national leader in the "green" economy all over the country. It has the biggest bioscience sector in the Midwest. Within the United States, Ohio is the largest producer of fabricated appliances, electrical equipment, metals, plastics and rubber. Currently, 5,212,000 Ohioans are employed by wage or salary.
For employment, the trade/utilities/transportation is Ohio's biggest sector. This sector hires 1,010,000 Ohioans or approximately 19.4% of the state's workforce. The health care and education sector employs 15.8% or 825,000 Ohioans. The Government sector follows hiring 787,000 Ohioans or 15.1%, whilst the manufacturing business hires 669,000 Ohioans or 12.9%, and professional and technical services hires 638,000 Ohioans 12.2%.
In terms of GDP, the manufacturing sector in the state of Ohio ranks as the third biggest among all fifty states. Fifty nine of the States' top 1000 publically traded companies have their headquarters in the state of Ohio, based on 2008 statistics. Some of these businesses include: Abercrombie & Fitch, AK Steel, Goodyear Tire & Rubber, Wendy's and Timken and Proctor & Gamble. Ohio also has its very own lottery, just as forty one other states do. All through the course of its thirty four year history, the Ohio Lottery has contributed more than $15.5 billion to public education.