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Center for Economic Development

Series

2021

Articles 1 - 16 of 16

Full-Text Articles in Urban Studies and Planning

Moving Cleveland Above The Trend: Retirement Destinations, Iryna Lendel, Molly Schnoke, Madeline M. Frantz Dec 2021

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 …


The Effect Of The Covid-19 Pandemic On Ohio Manufacturing, Iryna Lendel, Merissa Piazza, Madeline Frantz Sep 2021

The Effect Of The Covid-19 Pandemic On Ohio Manufacturing, Iryna Lendel, Merissa Piazza, Madeline Frantz

All Maxine Goodman Levin School of Urban Affairs Publications

The manufacturing sector is integral to Ohio’s economy, as it employed about 698,000 workers and produced an estimated $106.9 billion in output in 2019, before the onset of the COVID-19 pandemic. This report examines the subsequent effects of the pandemic on Ohio’s manufacturing industry by analyzing changes in its workforce and productivity between 2019 and 2020, as well as the strategies used by manufacturing companies to adapt to pandemic circumstances. We found that Ohio manufacturing employment decreased by 6.7% from 2019 to 2020, contrasting with an increase in GDP and productivity over the same period. This report explores possible explanations …


Manufacturing In The 21st Century, Iryna Lendel, Mike Naso Sep 2021

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 …


Cooperatives In Ohio’S Economy: Their Contribution And The Impact Of Covid-19, Iryna Demko, Isabella L. Mcknight, Hannah Scott Sep 2021

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 …


Economic Impact Of The Transportation Research Center Inc. On Central Ohio And The State Of Ohio, Iryna Lendel, Matthew B. Ellerbrock, Scott Corsi Sep 2021

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 …


Opportunities For Youngstown In The Supply Chains Of Northeast Ohio And Pittsburgh Economies, Iryna Lendel, Iryna Demko, Georgina G. Figueroa Sep 2021

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.


Pandemic-Related Business Assistance, July 2021, Iryna Lendel, Molly Schnoke, Scott A. Corsi Aug 2021

Pandemic-Related Business Assistance, July 2021, Iryna Lendel, Molly Schnoke, Scott A. Corsi

All Maxine Goodman Levin School of Urban Affairs Publications

The CARES Act is the largest stimulus package passed in the United States to date. On 12/27/2020, the Consolidated Appropriations Act was passed, providing $900 billion in stimulus relief for the pandemic. Another 1.4 trillion in spending helped plan the 2021 federal fiscal year. On 3/11/2021, the American Rescue Plan was passed providing an additional $1.9 trillion in economic stimulus to further aid the country through the ongoing pandemic. The pandemic has caused an unprecedented increase in unemployment, the closing or suspension of operations for many businesses, a drastic reduction in the capacity to produce many goods and services, and …


Pandemic-Related Housing Assistance, July 2021, Iryna V. Lendel, Molly Schnoke, Scott A. Corsi Jul 2021

Pandemic-Related Housing Assistance, July 2021, Iryna V. Lendel, Molly Schnoke, Scott A. Corsi

All Maxine Goodman Levin School of Urban Affairs Publications

On 12/27/2020, the Consolidated Appropriations Act was passed, providing $900 billion in stimulus relief. Another 1.4 trillion in spending helped plan the 2021 federal fiscal year. On 3/11/2021, the American Rescue Plan passed providing an additional $1.9 trillion in economic stimulus to further aid the country through the ongoing pandemic. The pandemic has damaged not only health systems, but social and economic systems as well. One effect of COVID-19 has been mass housing instability, which is predominantly due to evictions. Many people have lost their jobs, in part or altogether, due to COVID-19, leaving residents with little income to pay …


The Nasa Glenn Research Center: An Economic Impact Study Fiscal Year 2020, Iryna V. Lendel, Jinhee Yun Jun 2021

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 Apr 2021

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 Mar 2021

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 …


Pandemic-Related Business Assistance, February 2021, Iryna V. Lendel, Molly Schnoke, Erica Henrichsen Feb 2021

Pandemic-Related Business Assistance, February 2021, Iryna V. Lendel, Molly Schnoke, Erica Henrichsen

All Maxine Goodman Levin School of Urban Affairs Publications

The pandemic has caused an unprecedented increase in unemployment, the closing or suspension of operations for many businesses, a drastic reduction in the capacity to produce many goods and services, and a significant reduction of disposable household income. To assist with these economic emergencies, federal, state, and local governments have passed legislation to aid households and businesses, including some programs for nonprofits. This brief groups the actions of all levels of government into four categories: general business support, small business support, industry-specific support, and unemployment benefits for individuals. The subsequent sections offer a summary of each program and a link …


Navigating Government Statistics Of Small Businesses For Pandemic Assistance, Iryna Demko, Iryna V. Lendel, Georgina Guadalupe Figueroa Feb 2021

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 Jan 2021

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 …


Housing Market Pressures In Youngstown During The Gm Plant Closure (2016 To 2019), Iryna Demko, Molly Schnoke, Rachel Lefebre, Isabella Mcknight, Merissa Piazza Jan 2021

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 …


Moving Cleveland Above The Trend: Entrepreneurship Policy, Iryna V. Lendel, Merissa Piazza, Molly Schnoke, Shneur Kushner Jan 2021

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 …