Ohio’s Venture Funding Scene Has Taken Off
15 Nov 2021
News
This report is a summary of third-party economic research and perspectives to foster communication with business and economic development stakeholders.
Key Economic Insights
- Global: Global automakers plan to spend over $500B on EVs and batteries.
- U.S.: U.S. inflation hit a multi-decade high in October as consumer prices rose 6.2%.
- Ohio: The federal infrastructure bill is expected to bring more than $12B to Ohio projects.
Global Insights
China’s producer price index (PPI) rose 13.5% from a year earlier, the fastest pace in 26 years. The consumer price index (CPI) rose 1.5%, the highest since September 2020. Chinese authorities have ordered coal miners to operate at full capacity and have rolled back restrictions on imports as energy costs surge.
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