Document Type

Presentation

Publication Date

7-24-2019

Research Center

Center for Economic Development

Abstract

  • The economic trends in Northeast Ohio (NEO) over the last 20 years are typical of the Midwest region, with a positive increase in output outpaced by the state of Ohio, and the United States

  • The double recessions of 2001 and 2007-2009 show a deeper output decline in NEO than in comparable Midwest regions and the United States

  • Traditionally, industries with high regional specialization that have a competitive advantage and drive regional economies are called economic base industries

  • Groups of Regional Industry Drivers (GRIDs) are part of the economic base of a region 2

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