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Innovative technology and knowledge-based businesses are...transforming many of our established industries...making them more productive and preparing them to compete...and to succeed...in a more challenging economic environment. But they also are...redefining the forces that contribute to economic success. In part, it is because knowledge-based businesses rely heavily on technology and intellectual capital...rather than energy and raw materials as their primary resources.
-Choosing Ohio's Future: Ohio Board of Regents
Summary of Economics
The COMPASS Economics Committee recommends:
- Increase the number of employees working in jobs that pay a living wage.
- An increased number and percentage of Stark County students will graduate and continue education and/or training beyond high school.
Overview of RecommendationsEmployment opportunities and the ability to earn a living wage are critical to the health and well being of any community. The economic vitality of the country and the county relies heavily on consumer spending. The ability of both public and private social service and health organizations to provide vital services depends upon adequate revenue. Much of that revenue comes from income, sales and property taxes which rise or fall depending upon the employment and income of the county’s residents. See the complete recommendation Employment opportunities and the ability to earn a livable wage are critical to the health and well being of any community. Census Bureau and Equal Employment Opportunity information indicates that Stark County lags behind the state in a number of economic indicators |