Economy
Northeast Ohio has a robust and diverse $170 Billion economy. With nearly 2% average annual GRP growth rate since 1993, the economy boasts mature and emerging industries that are fueling future economic opportunity. The Plus region remains one of the 12 largest economic regions in the US and continues to be a leader in key industries. Economic drivers include:
• Leading heritage in Advanced Manufacturing
• World-renowned Healthcare and Educational Institutions
• Biomedical industry growth faster than US
• Scientific Research and Development growth doubling US
• Fast-paced growth in Professional, Scientific and Technical Services
• Significant growth in Aerospace-related Manufacturing
• Opportunity in Alternative Energy Manufacturing
• Entrepreneurial base and assistance programs
• Exponential growth in college-educated residents
Even in the midst of a Global recession, Northeast Ohio’s diversifying economy is helping to keep the region on track with the US. To learn more, click here.
We produce a quarterly Economic Review to keep The Plus region informed of economic indicators and featured sectors of opportunity. Click here.
For more information about Northeast Ohio industries, click here.