Center for Economic Development
Economic impact estimates the benefits within the regional economy generated by an economic activity of 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 model 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.
This year’s study uses the same 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 diverse economic sectors and illustrates what impact it makes on the regional economies of Northeast Ohio and the State of Ohio. The table below summarizes NASA Glenn’s economic impact on Northeast Ohio and the State of Ohio during FY 2018.
Lendel, Iryna and Yun, Jinhee, "The NASA Glenn Research Center: An Economic Impact Study Fiscal Year 2018" (2019). Urban Publications. 0 1 2 3 1613.