Northeast Ohio Grp Projected $247b In 2025

Northeast Ohio’s GRP Projected to Reach $247B in 2025

The future is bright for Cleveland Plus. In the coming decade, Northeast Ohio’s gross regional product (GRP) is projected to grow by 14% to become a $247 billion economy. The strongest growth is expected to occur in the manufacturing industry, which is projected to grow 34% to become a $56 billion sector, or 23% of the economy.

Other significant increases are expected for healthcare ($3.5 billion or 17%), headquarters ($1 billion or 12%) and professional, scientific and technical services ($1.5 billion or 14%) sectors.

Source: Moody’s Economy.com