Ohio's Cloudy Future: The Decline of the "Big Eight" and the Buckeye State I The Hampton...

Long before NAFTA businesses left Ohio for cheaper labor else were, be it in the south or foreign lands. On top of that population decline was significant in both the 1970-80's (when I left) and 2000-2010.
You will not get them to stop. They are after the bottom line and loyalty is not a word they care about.
Cleveland has made a significant come back, not because of stee! Those places are rusting hulks.

So saying you will stop the bailing of these companies it is too late for a lot of areas. The emphasis should be on bringing in companies that want to stay.

Tax breaks for these companies doesnt keep them there once you decide to drop or lower the break they leave.
Penalize them they say fine they with shut down that problem child, change the name and start over and the workers are left out in the cold.

Ohio's budget for 2014 and 2015 also features income tax cuts (mostly benefiting the wealthy, again) and an increase in the regressive sales tax. Tax cuts up to $250,000 for small business owners won't add up to much of a stimulus when most small business owners make under $30,000 a year. Estate taxes, the majority of which fund local government, are now gone. Distressed cities in Ohio will likely have to enact further reductions in services, which in turn will make them even less desirable places to live.