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"In 2017, Ohio ranked 5th lowest in corporate income tax revenue per capita. Yet, job growth in Ohio was 37th in the nation." The state in which this billboard appeared ranked 18th. 1/n
https://www.uakron.edu/cba/news-and-events/news-details.dot?newsId=f5259b75-cf05-44ac-a201-696564c09254&pageTitle=Recent%20Headlines&crumbTitle=UA%20professor%20co-authors%20study%20on%20downward%20trends%20of%20Ohio%E2%80%99s%20economy
https://www.uakron.edu/cba/news-and-events/news-details.dot?newsId=f5259b75-cf05-44ac-a201-696564c09254&pageTitle=Recent%20Headlines&crumbTitle=UA%20professor%20co-authors%20study%20on%20downward%20trends%20of%20Ohio%E2%80%99s%20economy
"Both Georgia and North Carolina have higher corporate income taxes and will soon surpass Ohio in employment and population rankings. Clearly, corporate taxes are only one factor in the decision to start a business or to locate a business in Ohio." 2/n https://uakron.edu/economics/docs/Falling-Behind-December.pdf
"Firms are increasingly following the most productive workers to the locations they prefer, and while firms are not willing to pay higher taxes, all else equal, they are willing to pay higher taxes to have access to more productive and more highly skilled workers." 3/n
Skilled workers may realize the tradeoff of lower corporate income taxes is higher taxes for households- and they may not be willing to pay higher taxes unless the state offers them the amenities and public goods & services they prefer -e.g. higher ed spending - OH ranks 36th 4/n
... Or parks. "Ohio ranks 42nd in total acres of state and federal parks per capita" And has miles of shoreline that is underutilized at best 5/n
PEOPLE run firms. PEOPLE make the decision where to locate their business (and their families). And many people want to take their companies and their families to a place that is nice to live - not just a place that offers low tax rates to their company!
$50 MILLION on an advertising campaign like this is fiscally irresponsible (at best). Any 1 of these 50 ideas would be an astronomically more productive use of taxpayer dollars. https://www.cleveland.com/opinion/2021/02/50-progressive-ideas-to-attract-people-to-ohio-without-spending-50-million-brigid-kelly-and-kent-smith.html
