Regional economic development initiatives need to be guided by research. The Dashboard of Economic Indicators is research that answers two questions:
1. What factors are closely tied to economic growth? 2. How is Northeast Ohio economy performing in those key factors and in terms of growth in per capita income, employment, output and productivity?
The 2007 Dashboard identified nine factors tied to economic growth. Those factors and economic performance of other regions offers valuable lessons for Northeast Ohio. You can learn more about those lessons here.
The 2007 Dashboard found that Northeast Ohio lags behind most of the nation in those factors tied to economic growth. Not surprisingly the region's overall economic performance also lagged the nation. The 2007 version of the Dashboard uses economic data from 2004 and 2005, the most recent years available. While the Dashboard does show some signs of improvement, the Fund expects that it will take at least a decade to see significant signs of economic improvement, particularly as measured by per capita income and job growth. Northeast Ohio's Performance Compared To 136 Metropolitan Areas
