Jan 1, 1982
An Initial Assessment, Executive Summary
From the Civil War until about 1960, Cleveland was an ideal location for firms manufacturing almost any durable or nondurable goods. However, since that time, world markets for such goods have become more competitive and Cleveland's share has decreased. RAND was asked by the Cleveland Foundation to assist in developing a process that would encourage ongoing research and dialogue on changing conditions in the city's regional economy. The goal was to better understanding how Cleveland's economy works, what its special role in the U.S. economy is, and how it has been responding to a changing economic environment. In this summary report, RAND researchers describe their initial study of the Cleveland economy, particularly durable goods manufacturing, and lay out future policy directions for the city, with special attention to continued economic monitoring of (1) national and world economic changes that may affect Cleveland and (2) problems and opportunities in specific industries in the region.