Quote:
Originally Posted by Gnutella
Maybe not, but it's fun to guess.
As for Ohio, I think they need to become a little bit less reliant upon the automotive industry. One of the main reasons Pennsylvania didn't take as big of a hit in this economic downturn as Ohio did is because their exposure to the automotive industry was far less. GM had a metal-stamping plant near Pittsburgh that closed down, but other than that, I don't know of any automotive plants in Pennsylvania. Pennsylvania and New York have gotten into advanced manufacturing more than Ohio has. I think both Ohio and Michigan (and Indiana to a lesser extent) were lulled into complacency by how well the domestic auto industry was doing in the 1990's, but now is the time for industrial diversification to become a top priority.
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I agree. And Ohio is diversifying it's economy. Particularly, Northeast Ohio started to diversify into Healthcare, scientific and technical services, etc while shifting away from the manufacturing side.
In Northeast Ohio, the Biomedical industry has grown by 37% in 5 years
Professional, scientific, and technical services by 79% in the last 15 years
Aerospace-related industry has grown by 59% with NASA Glenn research center, Parker Hannifin, Timken Compan, and Goodrich.
In Northeast Ohio, individuals with bachelor's or advanced degrees has increased by 75%.
In 1981, manufacturing jobs represented 30% of employment, it's a mere 12% now. It's stuff like this that outsiders aren't really aware of. People think of steel mills, and automotive when they think of Cleveland, but it couldn't be further than the truth.
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