Ohio Can Lead America’s Heartland as More Companies Look to Reshore

Feb 15, 2021 | News, Newsletter

J.P. Nauseef
JobsOhio

 

 

For years, companies have been looking for ways to reduce production costs. Building production facilities overseas was commonly perceived as one way to save. However, companies are now seeking to move their facilities back to America and with the effects of COVID-19, reshoring has never been more important.

Companies—both domestic and foreign— are investing in America for production and manufacturing. Ohio and the rest of America’s Heartland —the region between the Rockies and Appalachia — is proving to be a prime location for these facilities. Keeping operations in the U.S. provides companies benefits such as protecting intellectual property, shortening supply chains, and shrinking wage differentials between the United States and other overseas locations. Keeping supply chains domestic by reshoring facilities also allows for efficient operational shifts to meet customer demands.

Heartland Forward, with the support of JobsOhio, recently authored an article titled Reshoring America: Can The Heartland Lead The Way? This report is a look into the advantages the U.S. Heartland has in leading reshoring initiatives. The article also highlights that America’s Heartland was built on manufacturing and continues to have the talent, culture, and infrastructure to best support it. Interest in reshoring has never been stronger as it has bipartisan support from the government.

Ohio is in a great position to lead the Heartland in reshoring. For years, Ohio has attracted global investment and been a staple of manufacturing and production in the Heartland. Ohio’s central location, simplified tax structure, and low cost of business stimulates economic diversification and prosperity.

We look forward to the potential Ohio has to lead the way in the reshoring surge as it continues to be a state of innovation in the manufacturing and production field! I invite you to read and leverage the support in economic development.

Read the Full Report Here

Expand Your Knowledge, Expand Your Network with OEDA in 2023

At OEDA, we are thankful for our members who are passionately committed to the success of their communities and advancing Ohio’s economy. Over the past year, we’ve appreciated having you as part of our community of economic development professionals and are grateful for the opportunity to be your partner again in 2023.

read more

Early Bird Registration Now Open for 2023 Basic Economic Development Course

As your partner for success at every step of your career, OEDA strives to provide high-impact training opportunities for our members each year. The foundation of that training is our Basic Economic Development Course (Ohio BEDC). This year’s course will be held from May 1-4 in Dublin, Ohio, and Early Bird Registration is open from now until March 1.

read more

Clinton County Workforce Collaborative Kicks Off the New Year

(Wilmington, Ohio) The Clinton County Workforce Collaborative hosted its first meeting of the year on Thursday, January 19. With almost 40 individuals present, representing schools, businesses, service providers, and community organizations, members reviewed accomplishments from 2022, established a new meeting structure for 2023, and discussed how their current efforts can continue to meet the needs of the local community.

read more