Ohio Economical Analysis
Ohio Economical Analysis
With a Focus on Technology
For this project, my job is to analyze the economic conditions in the State of Ohio with a focus on a particular field within Ohio?s economy. I decided to focus on technology or more specifically the aerospace and defense industries in Ohio. Before I start though, I feel it is important to layout some demographic information for you. Seventh in the nation in total population, Ohio?s population of 11,421,267 people is concentrated in 8 large urban centers and 15 micro-metropolitan centers. The largest metropolitan area in Ohio is the Cleveland Akron consolidated area with nearly 3 million people. Other metropolitan areas with population in excess of 500,000 include Cincinnati, Columbus, Dayton, Toledo, and Youngstown. Located in the heart of the nation?s industrial region, Ohio is strategically situated on the great inland waterways and crisscrossed by the interstate roadway system. Sixty percent of all U.S. households lie within 600 miles of Ohio, and more than 50 percent of the Canadian market is within this range also.
To begin our analysis of the Economy of the State of Ohio we will first concentrate on the Gross State Product. Gross State Product, or GSP, is the final
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