Urban Studies and Planning Commons^™

Measuring The Economic Impact Of Employee Stock Ownership Plans (Esops) On Ohio, Michael Palmieri, Iryna Demko

All Maxine Goodman Levin School of Urban Affairs Publications

This study focuses on Ohio companies with an Employee Stock Ownership Plans (ESOPs) - the most common form of employee ownership in the U.S. Literature on the positive impacts of employee ownership at the individual and company level has grown in recent decades finding that individual employee-owners have longer tenure, more household wealth, higher wages, larger retirement accounts, and opportunities to participate in company decisions. At the company level research finds that employee-owned companies perform better than conventional companies on several performance metrics including overall survival rates, productivity, employment growth, and sales. Findings from both individual and company level studies …

Federal Assistance To Youngstown: Evidence From The Paycheck Protection Program, Iryna Demko, Georgina Guadalupe Figueroa,

All Maxine Goodman Levin School of Urban Affairs Publications

This presentation examines trends in federal assistance to Youngstown businesses through the Paycheck Protection Program (PPP) in 2020 and 2021. During this time, the Youngstown region received 13,061 PPP loans totaling $1 billion, reaching at least one small business in every Youngstown’s zip code. Most approved loans covered employees’ wages, helping to keep 130,170 workers on payroll during the Covid-19 pandemic. In 2021, PPP loans reached smaller businesses, with an average of 5 employees per business, compared to 17 employees in 2020.

Covid-19 Impact On The Economic Vitality Index Of Ohio’S 88 Counties, Iryna Lendel, Georgina Guadalupe Figueroa, Iryna Demko, Jack Yochum

All Maxine Goodman Levin School of Urban Affairs Publications

This brief illustrates the results of the updated 2020 Economic Vitality Index (EVI) to understand the overall economic impact of the pandemic, including the role of the economic stimuli and related policy responses. This update of the 2019 EVI shows how Ohio’s 88 counties have been affected by COVID-19.

Moving Cleveland Above The Trend: Retirement Destinations, Iryna Lendel, Molly Schnoke, Madeline M. Frantz

All Maxine Goodman Levin School of Urban Affairs Publications

A recent report conducted by the Center for Economic Development examined the structural and policy factors of economic growth in mid-sized metropolitan areas (MSAs). The Center used factor analysis as a data-reduction technique to identify 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. These factors were related to changes in regional employment, gross regional product (output), and per capita income. This brief outlines the initial analysis’ primary takeaways related to Retirement Destinations and explores how Cleveland and Northeast Ohio can retain its growing …

Cooperatives In Ohio’S Economy: Their Contribution And The Impact Of Covid-19, Iryna Demko, Isabella L. Mcknight, Hannah Scott

All Maxine Goodman Levin School of Urban Affairs Publications

Ohio is home to 452 cooperatives, including some of the largest agricultural co-ops in the country, and is the birthplace of rural electric cooperatives in the U.S. However, prior to this analysis there was little information about the economic impact of those cooperatives on the state’s economy. The research team used various public sources and interviews to gather data on 58 agricultural and food cooperatives and 25 rural electric cooperatives in Ohio. This study found that agriculture, food, and rural electric cooperatives supported an estimated 12,910 full-time and part-time jobs in the state, attained $875 million in labor income, and …

Manufacturing In The 21st Century, Iryna Lendel, Mike Naso

All Maxine Goodman Levin School of Urban Affairs Publications

The manufacturing sector faces more challenges than ever to remain a competitive force in Northeast Ohio. The evolution of manufacturing through the advent of Industry 4.0 poses the most pressing challenge, pushing manufacturers to adopt technologies that are driven by data analysis, cloud computing, and connectivity through the Industrial Internet of Things. Northeast Ohio is falling behind in the adoption of 4.0 technology, especially among small- and medium-sized companies, and some have even delayed adoption of 3.0 technologies like basic automation and the integration of computers into production processes. This research brief investigates the advantages of Industry 4.0 implementation and …

Opportunities For Youngstown In The Supply Chains Of Northeast Ohio And Pittsburgh Economies, Iryna Lendel, Iryna Demko, Georgina G. Figueroa

All Maxine Goodman Levin School of Urban Affairs Publications

The Center for Economic Development at Cleveland State University conducted this analysis to determine opportunities for the Youngstown economy in the supply chains of Northeast Ohio and Pittsburgh economies. Youngstown can account for a greater share of input purchases from the NEO and Pittsburgh regions by focusing on Nonferrous Metal (Except Aluminum) Production and Processing, Alumina and Aluminum Production and Processing, and Plastic Product Manufacturing. Youngstown can develop its economic ties with Pittsburgh’s economy in its aspirational sector – Financial Services.

Economic Impact Of The Transportation Research Center Inc. On Central Ohio And The State Of Ohio, Iryna Lendel, Matthew B. Ellerbrock, Scott Corsi

All Maxine Goodman Levin School of Urban Affairs Publications

A recognized leader in transportation research and innovation since 1974, the Transportation Research Center Inc. (TRC), with its 4,500-acre testing facility and expert technical team, created more than $127 million total in economic output in 2019 and supported over 670 total jobs with almost $36 million in wages and benefits throughout Ohio, the study determined. Testing and research on behalf of TRC clients, including many of the world’s leading automotive manufacturers and systems innovators, generated more than $1.3 million in taxes to local government entities, $1.3 million to the state government and $2.3 million to the federal government. An additional …

The Nasa Glenn Research Center: An Economic Impact Study Fiscal Year 2020, Iryna V. Lendel, Jinhee Yun

All Maxine Goodman Levin School of Urban Affairs Publications

The NASA John H. Glenn Research Center, located in Cleveland and Sandusky, Ohio, creates vast economic benefits within the regional economies of Northeast Ohio and Ohio by employing local labor, paying high wages to their employees who spend most of their income locally, engaging local contractors, and collaborating with local higher education institutions, providing them with research grants and contracts. This study uses a multi-regional input-output (I-O) model to estimate the effect of NASA Glenn Research Center's spending on the economies of Northeast Ohio and Ohio. For the total economic impact in the state of Ohio in 2020, the researchers …

Moving Cleveland Above The Trend: New Residential Centers, Iryna V. Lendel, Merissa Piazza, Molly Schnoke, Shneur Kushner

All Maxine Goodman Levin School of Urban Affairs Publications

A recent report conducted by the Center for Economic Development examined the structural and policy factors of economic growth in mid-sized metropolitan areas (MSAs). The Center used factor analysis as a data-reduction technique to identify 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. These factors also contribute to changes in regional employment, gross regional product (output), and per capita income. This brief outlines the initial analysis’ primary takeaways related to New Residential Centers and explores how Northeast Ohio can incorporate successful policies and …

Economic Impact Of The Covid-19 Pandemic On Ohio, Matthew Ellerbrock, Iryna Demko, Iryna Lendel, Erica Henrichsen

All Maxine Goodman Levin School of Urban Affairs Publications

The global COVID-19 pandemic has had sweeping impacts on our society; some of the most dire are economic in nature. In Ohio, stay-at-home orders enacted by Governor DeWine in March 2020 resulted in many Ohioans losing work, in part or altogether. The shutdowns also shifted consumption patterns, with more spending online and at grocery stores taking the place of entertainment, travel, and accommodations. To respond to the economic hardships felt by the pandemic, beginning in late March, the United States federal government issued multiple rounds of financial assistance in the form of business loans, stimulus checks, grants, and contracts. This …

Navigating Government Statistics Of Small Businesses For Pandemic Assistance, Iryna Demko, Iryna V. Lendel, Georgina Guadalupe Figueroa

All Maxine Goodman Levin School of Urban Affairs Publications

This brief examines various sources of government statistics to assist in understanding the scope of small businesses, the legal structure of their operations, and their distribution by industry in the Northeast Ohio (NEO) region. Under the current restrictions for business operations due to the COVID-19 pandemic, many entrepreneurs and small businesses need assistance to maintain cash flow and to retain both their employees and customers. Governments at all levels have developed business assistance programs to help small businesses; more recently, some of these programs have revised their rules. To illustrate who might be affected by the changing rules, several sources …

Moving Cleveland Above The Trend: Innovation & Talent, Iryna V. Lendel, Merissa Piazza, Molly Schnoke, Nora Walsh

All Maxine Goodman Levin School of Urban Affairs Publications

A recent report conducted by the Center for Economic Development includes a model for understanding and predicting economic growth in U.S. mid-sized regional economies to analyze structural and policy-based factors among similar regions. The Center used factor analysis as a data-reduction technique to identify the influences in mid-sized regional economies. This statistical analysis found five factors influencing the mid-sized regional economies reviewed for this report. They are 1) Innovation and Talent, 2) Entrepreneurship in High-Cost Areas, 3) New Residential Centers, 4) Retirement Destinations, and 5) Polarization. This was followed by an analysis to determine the relationship between these factors and …

Moving Cleveland Above The Trend: Entrepreneurship Policy, Iryna V. Lendel, Merissa Piazza, Molly Schnoke, Shneur Kushner

All Maxine Goodman Levin School of Urban Affairs Publications

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 …

Housing Market Pressures In Youngstown During The Gm Plant Closure (2016 To 2019), Iryna Demko, Molly Schnoke, Rachel Lefebre, Isabella Mcknight, Merissa Piazza

All Maxine Goodman Levin School of Urban Affairs Publications

This brief seeks to investigate the changes in the regional housing markets for renters and homeowners in the Youngstown region due to the General Motors Lordstown Assembly closure. Housing is an important part of the regional infrastructure that can attract new people in times when the Youngstown region tries to develop high-tech industries and reinvent its economy. The quality of housing stock determines the amount of property taxes, which help fund local schools as well as city services. In 2019, both median household income and median home values declined in the Youngstown region. The demand for rental properties increased as …

Economic Vitality Index: Mapping Ohio's 88 Counties, Matthew Ellerbrock, Courtney Whitman, Iryna V. Lendel, Merissa Piazza

All Maxine Goodman Levin School of Urban Affairs Publications

Along with the unimaginable death of hundreds of thousands, the COVID-19 pandemic has caused economic hardship for many more millions of Americans and hundreds of thousands of businesses, large and small. After experiencing the longest economic expansion in U.S. history, we are now faced with an unprecedented contraction in modern times as workers see their hours reduced – or jobs eliminated – and businesses scale down operations or close their doors altogether. As part of its effort to aid in responding to Ohio’s economic downturn resulting from the pandemic, the Center for Economic Development (Center) is tracking the overall economic …

Youngstown Economy: Recession And Path To Recovery, Iryna Demko, Iryna V. Lendel, Merissa Piazza, Georgina Figueroa, Matthew Ellerbrock

All Maxine Goodman Levin School of Urban Affairs Publications

This brief seeks to identify opportunities for the Youngstown economy to recover from the COVID-induced economic recession.

Are There Opportunities In Opportunity Zones?, Tatyana Guzman, Rachel Lefebre

All Maxine Goodman Levin School of Urban Affairs Publications

Opportunity Zones (OZ) are an economic development tool designed to spur investment in impoverished areas (census tracts). OZs were created by the 2017 Tax Cuts and Jobs Act. They allow investors to defer (and, if investments are held for a long time, to partially exclude) capital gains received from qualified investments made in Opportunity Zones from federal tax. In this research we speculate on the potential effect of the Opportunity Zones program in the greater Cleveland area. 8,764 census tracts in the United States received Opportunity Zone designation. 320 of them were selected in Ohio. Of those, 317 are low-income …

Jobless Pandemic: Geography Of Layoffs And Opportunity Zones, Georgina Figueroa, Matthew Ellerbrock, Iryna V. Lendel

All Maxine Goodman Levin School of Urban Affairs Publications

The Worker Adjustment and Retraining Notification (WARN) Act is a law designed to protect workers against employment losses. Employers are required to provide employees with a 60-day notice in the event of plant closings and mass layoffs. Under normal conditions, WARNs are required in the event of a) Plants closing or stopping operation either permanently or temporarily affecting 50 or more workers; b) Layoffs of 500 or more employees during a 30-day-period or when these layoffs constitute at least a third of the company’s workforce; and c) Temporary layoffs expected to exceed six months, in this case, when a temporary …

Can The Eitc And Unemployment Insurance Replace Lost Wages?, Megan Hatch, Chloe G. White

All Maxine Goodman Levin School of Urban Affairs Publications

The COVID-19 pandemic has had a significant effect on all aspects of social, economic, and political life worldwide. In the United States, millions of people have tested positive for COVID-19, and over 200,000 people have died from the virus. While Ohio’s governor and director of public health have been credited for their quick decision-making in response to the pandemic, Ohio’s communities still suffered, with well over 100,000 cases and thousands of COVID-19-related deaths statewide.

Policymakers aiming to reduce the spread of COVID-19 were forced to make difficult tradeoffs between public health and the economy. On March 23, 2020, Governor Mike …

Neo Grids Performance In 2020, Iryna Demko, Merissa Piazza, Iryna V. Lendel

All Maxine Goodman Levin School of Urban Affairs Publications

The Center for Economic Development identified 33 driver industries in the 2019 report titled “Northeast Ohio Front Runners: Groups of Regional Industry Drivers (GRIDs).” GRIDs are wealth-creating industries that pay high wages, have a robust regional specialization, and contribute to the economy through regional supply chains. However, in this year alone, the U.S. and Ohio economies have seen a trade war with China, retaliatory tariffs on U.S. goods, the collapse of oil prices, and mandatory business closings due to the COVID-19 pandemic. These events contributed to the already ongoing cyclical repression, and impacted the wealth creation of Northeast Ohio’s (NEO)3 …

The Nasa Glenn Research Center: An Economic Impact Study Fiscal Year 2019, Iryna V. Lendel, Jinhee Yun, Courtney Whitman

All Maxine Goodman Levin School of Urban Affairs Publications

The NASA Glenn Research Center creates the benefits within the regional economy by engaging contractors from Northeast Ohio and Ohio, paying high wages to their employees who spent most of their income locally, and collaborating with local higher education institutions providing them with research grants and contracts. This study uses a multi-regional 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, …

The Role Of Public Transportation In Youngstown, Iryna V. Lendel, Iryna Demko, Obed Pasha, Georgina Figueroa

All Maxine Goodman Levin School of Urban Affairs Publications

The Center analyzed the relationship between public transit availability and employment in the entry-level job hubs. Using a Poisson model for the Youngstown origin-destination matrix, we found that a 10-minute decrease in rush-hour travel times by public transit is expected to increase employment by almost 7%. This means that 224 more residents of each low-income census tract will have access to the entry-level job hubs in Youngstown. As transit agencies are experiencing major disruptions to normal operating procedures because of the COVID-19 pandemic, our findings show that without access to public transportation many people lose prospective employment.

Good Jobs: Employment And Wages In Groups Of Regional Industrial Drivers, Iryna Lendel, Merissa Piazza, Iryna Demko, Matthew Ellerbrock, Emily Forsee

All Maxine Goodman Levin School of Urban Affairs Publications

Talent attraction and workforce development are urgent topics in Northeast Ohio, as many companies are finding it challenging to locate and attract necessary workers for open jobs. This dilemma spans across sectors: from the manufacturing industry finding appropriately skilled labor to professional services finding experienced IT staff. This research analyzes employment dynamics among Northeast Ohio (NEO) industries, so policymakers and economic development practitioners can utilize our findings and design programs to improve the economic conditions in the region. This report builds on The Center for Economic Development’s prior work, which identified NEO’s Groups of Regional Industry Drivers (GRIDs). These sectors …

Oil And Gas As A Driver Of The Regional Economy: Updates, Iryna Lendel

All Maxine Goodman Levin School of Urban Affairs Publications

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. The Oil & Gas GRID accounts for less …

2019 Cuyahoga County Economic Development Plan: Indicators And Projections Brief, Iryna Lendel, Iryna Demko, Matthew B. Ellerbrock

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

Center For Economic Development Welcomes The White House Opportunity And Revitalization Council And U.S. Eda, Iryna Lendel, Merissa Piazza, Matthew B. Ellerbrock

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

The Future Is Now: Akron’S Dynamic And Inclusive Economy, Iryna Lendel, Iryna Demko, Merissa Piazza, Matthew Ellerbrock

All Maxine Goodman Levin School of Urban Affairs Publications

• 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

Local Front Runners: Grids In The 4 Northeast Ohio Metropolitan Areas, Merissa Piazza, Iryna Demko, Iryna Lendel, Matthew B. Ellerbrock

All Maxine Goodman Levin School of Urban Affairs Publications

Northeast Ohio (NEO) is an 18-county region which encompasses four different Metropolitan Statistical Areas (MSAs); MSAs commonly refer to the labor market of a given area (for this study: the Akron MSA, the Canton-Massillon MSA, the Cleveland-Elyria MSA, a part of the Youngstown-Warren-Boardman, OH-PA MSA) and remaining rural counties (“non-MSA counties”). Within NEO, these four distinct metro areas have different industry structures. Investigating the internal dynamics of each region’s economic driver industries—what we call Groups of Regional Industry Drivers (GRIDs)—can inform local leaders and economic development practitioners of expanding and emerging industries to foster regional growth.

Economic trends in NEO …

Northeast Ohio Front Runners: Groups Of Regional Industry Drivers (Grids), Iryna Lendel, Iryna Demko, Merissa Piazza, Matthew Ellerbrock

All Maxine Goodman Levin School of Urban Affairs Publications

• 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