The Challenge of the Legacy City
The Montrose Group
Recent attention focus’ on the challenges of Legacy City’s—communities who have not recovered from the loss of industrial jobs. While former industrial giants like Ohio continue to transform and grow, other than the Columbus and Cincinnati regions, most other regions in the state are not producing the jobs the population needs to succeed. As the table below illustrates, Columbus and Cincinnati produced the lion’s share of the state’s jobs from 1990-2018 while regions like Youngstown, Mansfield, Lima, and Springfield have actually lost a total of 35,500 jobs over this timeframe. Cleveland, once the economic powerhouse of the state, only produced 47,200 jobs over this timeframe which was not as many as Akron, and five times less than Columbus.
The common element these struggling communities have is a substantial loss of high-wage manufacturing jobs. The loss of the manufacturing base in many Ohio communities has had a negative impact on the economic and social well-being of these communities. As the table below illustrates, large scale high-wage manufacturing job loss and long-term struggles with overcoming poverty created substantial pools of poverty and, more troubling, wide-spread population decline among this select list of Ohio Legacy Cities.
Louis Dreyfus Company (LDC), a leading merchant and processor of agricultural goods, announced plans for its state-of-the-art soybean processing facility to be located in Wyandot County, Ohio. The project will bolster the region’s economic growth in the critical food and agriculture sector. LDC’s facility will be located just outside of the City of Upper Sandusky; it’s first location in the State of Ohio.read more
The Ohio General Assembly, in its budget bill (HB33) approved July 3, 2023, authorized up to $750 million in state budget resources to the All Ohio Future Fund (R.C. 126.62). The fund is to be used for infrastructure to compete for — and win – more sizeable economic development projects such as the Amazon, Honda-LG, and Intel megaprojects that Ohio landed in recent years.read more
The Wilmington DRIVE (Downtown Revitalization Investment Vibrancy Effort) Program, adopted a year ago, with the goal of enhancing and accelerating Wilmington’s downtown revitalization and encouraging creative mix-use development, made its first strategic acquisition, closing on the Masonic Lodge Site (28 W. Main St.) on September 29, 2023.read more