A recent report conducted by the Center for Economic Development examined the structural and policy factors of economic growth in mid-sized metropolitan areas (MSAs). The Center used factor analysis as a data-reduction technique to identify five factors influencing mid-sized regional economies: 1) Innovation and Talent, 2) Entrepreneurship in High-Cost Areas, 3) New Residential Centers, 4) Retirement Destinations, and 5) Polarization. These factors were related to changes in regional employment, gross regional product (output), and per capita income. This brief outlines the initial analysis’ primary takeaways related to Polarization and explores how Cleveland and Northeast Ohio can implement people- and place-based policies that address the growing income and wealth gaps across the region to help ensure economic prosperity for all
Lendel, Iryna, "Moving Cleveland Above the Trend: Polarization" (2022). Urban Publications.