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Study: Regional Economic Measures Improving, But Work Remains

By The Business Journal

In its 2019 Growth & Opportunity Scorecard for northeastern Ohio, the Fund for Our Economic Future reports that while some metrics are rising, there’s still work to be done in the Mahoning Valley.

Compared to 2018 the Youngstown metropolitan area saw 0.5% growth in the number of companies in 2018 – better than the 1.4% drop seen from 2017 to 2016 – along with a 0.4% increase in incomes and a rise in employment to 66.9%, up from the 65.1% reported in 2017.

Meanwhile, trade sector growth slipped in the metropolitan area – which includes Mahoning, Trumbull and Columbiana counties along with Mercer County, Pa. – to -0.2% from 0.1% growth in 2018, as did the ratings for economic security and income equity.

Employment equity and geographic equity both held steady with the fund’s 2018 scorecard. The scorecard for each metro area studied by the Fund for Our Economic Future is available here.

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