Compared to Other Industrial Nations
1 week ago
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Climaxing a collapse that began 14 months ago, National City Corp. is being sold.
The Cleveland bank, the largest in Ohio, is being purchased by PNC Financial Services of Pittsburgh for $2.23 per share.
The news is among the worst the local giant, with 8,000 employees in Northeast Ohio, could receive. PNC, just 130 miles and less than three hours from National City's headquarters, will almost certainly slash thousands of local employees.
"Both physically and mentally Youngstown is located at the center of a bi-state region. Despite this fact, Youngstown has long defined itself as being at the edge of two urban centers-Cleveland and Pittsburgh. This perception is beginning to change because our nation and region are changing.The next opportunity to hear more about the Tech Belt concept will be at the upcoming Cleveland+Pittsburgh+Youngstown Regional Learning Network summit to be held in Youngstown on Friday, November 7th. You can register here, with the full day schedule here. Transportation to Ytown and vegetarian dining options are available.
To thrive in this changing world, we must take a long view-looking 30 years ahead to new economic patterns rather than looking back to the industrial world of more than 30 years ago.
The Steel Corridor/Tech Belt is home to 7.1 million people. It is larger that Ohio’s other megapolitan, the “Ohio Valley,” anchored by Columbus and Cincinnati (5.3 million) and is the same scale as the “Carolina Piedmont,” anchored by Charlotte and Raleigh (7.0 million), the “Georgia Piedmont,” surrounding Atlanta (6.9 million), the “Florida Corridor” linking Tampa and Orlando (7.8 million), and the “Greater Metroplex” of Dallas-Ft. Worth and Oklahoma City (7.9 million)"