There’s an interesting idea floating around on the Rust Belt Bloggers about creating a regional business newspaper aimed at readers in the Midwest and Great Lakes.

It’s an interesting concept — and it’s based on the idea that a sharing of knowledge on a more regional level might help Erie and neighboring cities share ideas and create partnerships that would help improve their economic opportunities.

Most business coverage is either very local in nature — as you would find in a paper like the Erie Times-News or Pittsburgh Post-Gazette — or more national and international like the Wall Street Journal or Financial Times.

A regional paper would hit that middle ground and might provide more relevant information to readers, provided it provides smart content.

In addition, such a venture would work best online. The economics of modern journalism leads me to think that a start up of this type would work better online than it would in a traditional paper.

Would you like this type of journalism? If so, would you be willing to pay for it?