CED

Center for Economic Development


Center in the Press

Envisioning Cleveland Photo Contest

“A few months after the [Lordstown] GM plant closed down, the local supplier that built the rear suspension went out of business; same with the local factory that built the seats. Plans for a new hospital building were put on hold. As paychecks dried up a local restaurant closed its doors. Economists call it the multiplier effect. One study predicted that every four jobs lost at GM’s Lordstown plant would trigger three more job losses among suppliers and other local businesses.” - Vox.com – 10/11/2019

Envisioning Cleveland Photo Contest

“Cleveland State University’s Center for Economic Development estimates that the plant shutting down will have a negative impact of $8bn in the region. It doesn’t help that other big employers have also recently left the area.” - The Guardian – 8/23/2019

Envisioning Cleveland Photo Contest

EDA (@US_EDA) 8/2/19, 3:46pm: Assistant Secretary Dr. John Fleming and Scott Turner, Executive Director of the #WHORC listen to @CLE_State‬‬ Professor Iryna Lendel discuss how they are leveraging their EDA University Center partnership to examine social and economic benefits of Opportunity Zones. pic.twitter.com/A6ZbfsbNn9

CED's Presentation to the White House Opportunity and Revitalization Council and U.S. EDA

Envisioning Cleveland Photo Contest

“Cleveland’s Dance Sector is economically energetic. At least 396 jobs are attributed to the economic impact of dance in Cleveland in addition to: $28.4 Million total output, $7.0 Million labor income, $11.2 Million value added and $2.1 Million in taxes.” - Dance Cleveland – 6/10/2019

Envisioning Cleveland Photo Contest

“Just ask the four researchers from Cleveland State University’s Levin College of Urban Affairs who published an economic impact report on La Villa in October 2018. They found that, in the next eight years of development, the project could bring about 296 jobs annually, producing about $196 million in cumulative value.” - Fresh Water – 05/16/2019

Envisioning Cleveland Photo Contest

“A recent study by the Center for Economic Development at Cleveland State University estimated that the elimination of all three shifts at the plant would ultimately cause the loss of nearly 8,000 jobs and more than $8 billion in economic activity in the regional economy. And since the 2008 financial crisis, wages in the area have fallen by 6 percent, even as they have risen nationally by 11 percent.” - The New York Times – 5/1/19

Envisioning Cleveland Photo Contest

“For every four General Motors jobs lost at the Lordstown plant the past two years, two more supply chain-related positions and one more consumer service industry job were also lost, according to a new study conducted by Cleveland State University’s Center for Economic Development.” - News 5 Cleveland – 03/07/2019

Envisioning Cleveland Photo Contest

“The Greater Cleveland RTA provides an annual economic impact of $322 million in Cuyahoga County alone and access to public transit can lead to increased property values, greater employment and decreased poverty, according to a new study released Tuesday from Cleveland State University’s Center for Economic Development.” - News 5 Cleveland – 03/05/2019

Envisioning Cleveland Photo Contest

“A Cleveland State University researcher said today that the Regional Transit Authority boosts property values by billions and brings workers to jobs earning $486 million per year.” - Cleveland.com – 03/05/2019

Envisioning Cleveland Photo Contest

“The region raised $65.7 million to host the 2016 Republican National Convention, which studies pegged as having an economic impact that ranged from $142.2 million (a more conservative Cleveland State University study) to $188.4 million (an analysis by Tourism Economics).” - Crain’s Cleveland Business – 02/17/2019

Envisioning Cleveland Photo Contest

“Small companies don't always have the capacity to take on innovation and research and development on their own, said Iryna V. Lendel, research associate professor and director of the Center for Economic Development at Cleveland State.” - Crain’s Cleveland Business – 02/17/2019

Envisioning Cleveland Photo Contest

“FRONT commissioned the Center for Economic Development at Cleveland State University (CSU) to conduct a report, studying the cost, attendance, and profits generated by the event across its 26 different sites. FRONT Triennial brought in an estimated $31 million in revenue to the Northeast Ohio region, they estimated, directly employing 735 people across all of its sites.” - Art World – 12/17/2018