CLEVELAND, Ohio – When it comes to taking advantage of the so-called “innovation-based economy,” where does Ohio rank? About in the middle when compared to the whole country, according to a new study released Tuesday, and better that most of the 18 other states that researchers identify as making up the American Heartland. Clearly, Ohio can do better, and can take steps to improve its standing, according to the report by the Walton Family Foundation of Bentonville, Ark., entitled, “The American Heartland’s Position in the Innovation Economy.” Those are some of the takeaways from the 37-page report and from an interview with one of its authors, Ross DeVol, former chief research officer at the Milken Institute, a California-based economic think tank, and now a fellow with the Walton Foundation. The release of the report comes at an auspicious time for Cleveland, which has begun a new round of self-analysis after Cleveland attorney Jon Pinney shook up a City Club of Cleveland audience with a speech that chastised local leadership over the region’s economic stagnation. “DeVol describes the innovation economy is one “taking new idea snd processes and putting them into the marketplace. Some might call it the knowledge-based economy.” One goal in Ohio and across the heartland, which is defined as 19 states from the Great Lakes to the Gulf… Read full this story
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