with great respect and as an equal. We had 50 of the Fortune 500 headquarters, and were one of the leading manufacturing centers of the world.”

MISSING TWO INDUSTRIAL REVOLUTIONS

Cleveland was so strong during the 1940s and 1950s, he suggested, that it was slow to respond when change came. The area had a powerful economic driver in the automobile, from 1900 to 1960, “and unfortunately the region rode it for another 40 years without recognizing that we had missed two new industrial revolutions, the electronics revolution and the biotech revolution. We are trying belatedly but very sensibly to make up for that now. We’re making investments to maintain the level of economic activity that we’ve become accustomed to, and to adapt to the changing global economy. I’m pleased with the commitment shown in this meeting to develop the strategies and policies to restore Ohio as an economic engine and a leader in innovation.”

Mr. Morgenthaler thanked the sponsors of the meeting, including the Department of Energy, the Economic Development Administration, the Technology Innovation Program of NIST, and especially the Cleveland Foundation, the lead sponsor. “We in this region can give profound thanks to our foundations who have stepped up as our corporations have gradually slid away. The foundations have done far more than could have been expected from them, and the Cleveland Foundation has been the leader.” They had been joined by the George Gund Foundation, he said, “and a great many additional supporting sponsors and organizers.”



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