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Cleveland-Elyria-Mentor Economic Dashboard

ClevelandThe Cleveland-Elyria-Mentor MSA with approximately 2.1 million in population ranked in the bottom half for most growth indicators. It registered in the bottom quartile for both employment growth and gross metro product growth. It was in the third quartile for per capita income growth, in 88th place, and achieved its best results in productivity growth achieving 55th place out of the 136 metro areas measured.

 

Rank of Factors by Annual Percent Change, 2003 - 2006
Employment GMP PCI Productivity
0.0%
1.7%
1.3%
1.7%

 

Rank of Factors by Annual Percent Change, 1996 - 2006
Employment GMP PCI Productivity
0.0%
1.1%
1.1%
1.2%

The Details

The table below shows how the Cleveland-Elyria-Mentor MSA fared for each of the underlying factors in 2000, 2005 and in 2006 and its rank among the 136 metro areas in the study.

The rankings are relatively stable between 2000 and 2006, with the only major change being Business Dynamics falling from 100 to 122.

Factors and Variables Cleveland-Elyria-Mentor MSA
2000 2005 2006
Value
Rank
Value
Rank
Value
Rank
Skilled Workforce & R&D
66
64
65
pct. of population in professional occupations
33.5
58
33.9
64
33.8
64
pct. of population with graduate or professional degree
8.7
61
10.0
52
10.0
55
pct. of population with bachelor's degree
15.2
75
16.6
80
15.7
90
industry R&D per employee
719.7
47
759.7
50
791.2
53
SBIR & STTR awards per employee
9.30
33
26.63
23
15.20
8
population dependency
0.40
109
0.38
99
0.39
113
university R&D per employee
193.1
34
235.8
37
307.2
50
Technology Commercialization
35
57
98
venture capital per employee
840.4
29
239.9
36
16.4
69
number of patents per employee
0.845
38
0.803
42
0.716
49
cost of living
97.9
49
89.7
95
88.0
110
Racial Inclusion & Income Equality
119
124
121
pct. of Black population
19.1
107
19.4
111
19.5
107
isolation index for Black population
0.79
131
0.68
136
0.67
136
income inequality
6.3
88
6.8
102
6.4
91
students at schools with more than 70% free lunches
0.259
121
0.136
119
0.133
115
violent crime rate
436.7
54
401.9
54
459.7
70
Urban Assimilation
86
93
89
pct. of Hispanic population
3.4
85
3.8
94
3.8
94
share of minority business employment (in total emp)
0.017
75
0.017
75
0.017
75
pct. of foreign-born population
5.3
71
5.6
83
5.7
86
productivity in information sector
98.1
97
145.5
97
150.9
62
pct. of Asian population
1.4
82
1.8
76
1.8
83
Legacy of Place
16
16
17
business churning
0.171
114
0.171
110
0.171
106
climate
15
119
15
119
15
119
pct. of houses built before 1940
24.3
121
25.9
120
26.2
121
dissimilarity index for Black population
0.80
135
0.78
132
0.77
133
city poverty ratio
2.44
124
2.34
119
2.14
119
No. of government units per capita
0.968
44
0.968
44
0.984
53
share of manufacturing employment
0.17
107
0.16
109
0.14
110
Business Dynamics
100
127
122
business openings over business closings
0.99
100
0.99
127
1.03
122
Individual Entrepreneurship
102
94
95
pct. of self employed (all industries except ag & mining)
0.082
90
0.089
110
0.088
105
share of business establishments with under 20 workers
0.839
98
0.846
75
0.848
74
Locational Amenities
3
16
1
transportation index (Almanac)
96.3
10
73.0
25
97.0
6
arts index (Almanac)
97.2
6
94.0
10
87.0
35
recreation index (Almanac)
99.7
2
92.0
8
96.0
11
health index (Almanac)
84.7
29
23.0
102
86.0
21
Urban/ Metro Structure
35
23
33
share of city population in MSA population
0.22
42
0.20
42
0.19
39
property crime rate
3423.2
36
2759.1
21
3130.8
37