Center for Community Planning and Development, Center for Economic Development
A recent report conducted by the Center for Economic Development discussed the structural and policy factors of economic growth in mid-sized U.S. economies and included an analysis of similar regions. The Center used factor analysis as a data-reduction technique and identified five factors influencing mid-sized regional economies: 1) Innovation and Talent, 2) Entrepreneurship in High-Cost Areas, 3) New Residential Centers, 4) Retirement Destinations, and 5) Polarization. An analysis determined the relationship between these factors and the changes in regional employment, gross regional product (output), and per capita income. This brief outlines the initial analysis primary takeaways as it relates to entrepreneurship and explores how Northeast Ohio and the Cleveland region can incorporate successful policies and programs in other regions to propel it forward.
Lendel, Iryna V.; Piazza, Merissa; Schnoke, Molly; and Kushner, Shneur, "Moving Cleveland Above the Trend: Entrepreneurship Policy" (2021). Urban Publications. 0 1 2 3 1721.