Document Type
Report
Publication Date
2-2019
Research Center
Center for Economic Development
Abstract
Wealth-creating industries are the backbone of the regional economy; they contribute to economic growth, personal wealth, and regional competitive advantage. For an economy to stay vibrant and competitive, it is essential to identify these industries so that strategic policies can foster and support regional growth. Three regional groups of drivers were identified in Northeast Ohio (NEO): Professional Services, Growing Legacy Manufacturing, and Oil and Gas. These groups, known as Groups of Regional Driver Industries (GRIDs) were identified using statistical analyses and data-driven insights for 2013 to 2017. GRIDs had strong regional specialization, growing output, rising productivity, and local competitive advantage. Overall, the three identified GRIDs contributed nearly 40% ($86.5 billion) to NEO’s total output and employed 20% (363,660 people) of NEO's workforce in 2017.
Repository Citation
Lendel, Iryna; Piazza, Merissa; and Demko, Iryna, "Northeast Ohio Front Runners: Groups of Regional Industry Drivers (GRIDs) Research Brief" (2019). All Maxine Goodman Levin School of Urban Affairs Publications. 0 1 2 3 1594.
https://engagedscholarship.csuohio.edu/urban_facpub/1594
