Document Type

Report

Publication Date

6-2018

Research Center

Center for Economic Development

Abstract

Economic impact is an analytical approach used to estimate the benefits generated by an entity for an affected region. This study uses an input-output (I-O) model to estimate the effect of NASA Glenn Research Center’s spending on the economies of Northeast Ohio (NEO) and Ohio. This analytical tool measures economic impact in terms of growth in output (sales), value added (output less intermediary goods), number of new and supported jobs, labor income, and tax revenues. For FY 2017 study, the Center used a methodology to measure NASA Glenn’s impact on the economies of Northeast Ohio and Ohio, as was used for the previous studies. This report accounts for direct NASA Glenn spending across diverse economic sectors and illustrate what impact it makes on the regional economics of Northeast Ohio and Ohio. The table below summarizes NASA Glenn’s economic impact on Northeast Ohio and the State of Ohio during FY 2017.

Share

COinS