The shift from traditional manufacturing to advanced manufacturing is playing a critical role in the region’s economic transformation, reports the fourth quarterly Cleveland Plus Economic Review. Between 2010 and 2020, manufacturing Gross Regional Product (GRP) is projected to grow 39%, to a $43 billion sector of the economy. US output is projected to grow 33%.
The ongoing transformation of Northeast Ohio’s economy continues to improve the industrial base for employment and Gross Regional Product (GRP) performance, reports the third quarterly Cleveland Plus Economic Review. The 30-year period from 1990-2020 shows growth in employment and GRP for most sectors of the Cleveland Plus economy.
Manufacturing continues to play a critical role in the region’s economic recovery, reports the second quarterly Cleveland Plus Economic Review of 2012. Northeast Ohio’s Instruments, Controls and Electronics (ICE) sector – the focus of this report – is contributing to this recovery and is an example of how the region is diversifying, evolving and growing[…]
Growing activity in the oil and gas industry and an unemployment rate that is outperforming the national average are contributing to the steady growth of Northeast Ohio’s economy, reports the first quarterly Cleveland Plus Economic Review of 2012.