Center for Economic Development
About the Study
Model for understanding and predicting economic growth in U.S. mid-sized regional economies similar to Cleveland and NEO
Analyzed structural and policy-based factors and looked for outperformers - what can Cleveland learn about their public policies and programs?
Used a multi-stage process collecting 43 variables associated with regional growth, including educational attainment, business composition, regional assets, and quality of life
The mid-sized regional economies analyzed encompass 135 metro areas, and includes populations spanning from 352,823 to 3.9 million
Used factor analysis as a data-reduction technique to identify factors influencing growth in mid-sized regional economies:
*Innovation and Talent
*Entrepreneurship in High Cost Areas
*New Residential Centers
Used regression analysis to determine the relationship between these factors and regional growth in employment, gross regional product (output), and per capita income
Lendel, Iryna V., "Moving Cleveland Above the Trend: Benchmarking Regional Performance (Presentation)" (2020). Urban Publications. 0 1 2 3 1676.