Nextant Aerospace has manufacturing facilities at the Cuyahoga County Airport.
GE Aviation, headquartered in Evendale, is a major manufacturer of aircraft engines globally.
In 2010, EPISCENTER, a new R&D center for the corporation to be located in Dayton, was announced by the Third Frontier program.
The economy of Ohio nominally would be the 21st largest global economy behind Saudi Arabia and ahead of Argentina according to the 2017 International Monetary Fund GDP estimates.
The state had a GDP of 6.19 billion in 3rd quarter 2017, up from 517.1 in 2012, and up from 501.3 in 2011, according to the Bureau of Economic Analysis.
The largest Ohio employer with headquarters in Ohio is the Cleveland Clinic, with approximately 49,050 employees and headquarters in Cleveland.
In 2013, Ohio was ranked in the top ten states for best business climate by Site Selection magazine, based on a business-activity database. exports in 2009, with top destinations being Canada at .2 billion, followed by Mexico, China, United Kingdom, Greece, Brazil, Japan, Germany, France, and Australia.A new report by the Quantitative Economics and Statistics Practices (QUEST) of Ernst & Young in conjunction with the Council On State Taxation (COST), ranks Ohio as third in the nation for friendliest tax environment.The study, "Competitiveness of state and local business taxes on new investment," provides a state-by-state comparison of tax liabilities.The state was edged out by Texas and Nebraska for the 2013 Governor's Cup award from the magazine, based on business growth and economic development. As of 2010, Ohio was #6 in the country for Fortune 500 companies with 23.They include Cardinal Health at #17, Procter & Gamble at #22, Kroger at #23, Macy's at #103, Nationwide Insurance at #118, Goodyear Tire and Rubber at #141, Progressive Insurance at #161, American Electric Power at #172, Eaton Corporation at #194, and Owens Corning at #432.Dayton is designated as the state's aerospace hub due to its high concentration of aerospace and aviation technology.