¶ … Cincinnati, Oh and Lawrenceburg, in Executive Summary
As student economic advisor, I will present a comprehensive comparative analysis of two cities in regard to the current trends in economic growth or decline; identify the economic features, both historic and cultural factors that play a role in the economic structure; identify current conditions and trends such as age, race etc., that contribute to GSP; provided a comparative analysis of states focus; and, identify products or capital contributing to the GSP through exports or imports.
The cities that will be compared will be two Ohio River neighbors: Cincinnati, Ohio and Lawrenceburg Indiana. I will attempt to identify products that consistently contribute revenues to the local economies. The report will attempt to provide specific data in regard to per capita tax revenues and will appropriate charts are presented.
Cincinnati
Downtown Cincinnati has been getting a facelift. "With the new Paul Brown Stadium and Great American Ballpark, the new Lois and Richard Rosenthal Center for Contemporary Arts and the Arnoff Center for the Arts, and a growing number of restaurants and entertainment, downtown living has become more appealing." (Housing Profiles - Cincinnati, OH) Cincinnati is a city that has been able to weather economic downturns better than other areas of the nation because it has industrial diversity. Cincinnati encompasses 13 counties throughout southwest Ohio, northern Kentucky, and southeast Indiana and has a population of 330,510 as of the 2000 Census. "Unlike many economies in the Midwest region the manufacturing sector comprises only 16% of total employment, compared with 30% in services and 25% in wholesale trade. The three largest manufacturing sectors are machinery, transportation equipment, and food processing. The three largest nongovernmental employers in the metropolitan area are the University of Cincinnati, with 14,084 employees; Proctor & Gamble Company, with 13,700 employees; and Health Alliance of Greater Cincinnati, with 13,505 employees." (Housing Profiles - Cincinnati, OH)
Lawrenceburg
The city of Lawrenceburg, Indiana is also going through Downtown Revitalization Program. "The principal thrust of the Downtown Revitalization Program was upgrade of the economic conditions and aesthetic quality of the Business District through a coordinated set of downtown improvements and development programs. The essential objective of the streetscape program was to...
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