WASHINGTON – Ohio’s recovery from recession has lagged other parts of the country because its economy lacks “dynamism” and the state has a poor rate of rate of new business formation, a think tank representative told a congressional committee on Wednesday.
John Lettieri of the Economic Innovation Group – which authored a study last year that declared Cleveland to be the nation’s most distressed city – said Ohio is struggling to transition from “legacy industries to the knowledge economy.”
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By: Sabrina Eaton, Cleveland.com
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