Aspire Releases 5-Year Strategy for Diverse, Sustainable Johnson County Economy
Johnson County, IN – Aspire Economic Development + Chamber Alliance exists to drive economic development and business success in Johnson County and southern Marion County. The organization today released a new five-year strategy to position the region for continued economic success.
Designed as a blueprint for collaboration among the public, private, not-for-proﬁt and education sectors, the plan begins by offering clear targets to achieve within the next five years:
1. Attract and develop 50% more occupations in advanced industries in Johnson County by 2025.
2. Grow the average annual wage by 15% to the benefit of workers at all income levels by the next five years.
Last year, Aspire formed a steering committee of community and board members to provide guidance and leadership for the planning process. The committee, comprised of leaders from the public and private sectors, represents business, economic development, chambers of commerce, planning, and government interests. Aspire then engaged local experts from Plaka and Ginovus, who provided facilitation, research, qualitative and quantitative data, and guidance to the steering committee to support development of the plan.
Dozens of community and business leaders provided guidance and feedback as well. Aspire President & CEO Christian Maslowski praised the teamwork required to complete the plan and stressed the importance of working together moving forward.
“We are seeking to align Johnson County’s economic base with the advanced industries super sector,” said Maslowski. “Doing so will require successful collaboration from leaders representing all of Johnson County’s sectors. This can be Johnson County’s differentiator, and Aspire’s plan provides a road map to get there. I’m very proud of everyone involved in this effort and excited to begin working toward our goals.”
To achieve identified benchmarks, Aspire’s plan offers five goals and accompanying strategies.
Goal #1: Drive Innovation to Boost Business and Industry Development
Strategies to achieve this goal include tailored approaches to target advanced industry cluster initiatives. This includes business attraction of advanced industries and upstream/downstream supply chains; increased functionality of incentives for high-impact projects and recalibration of other incentive matrices; pinpointing exporting opportunities for both the existing industry base and advanced industries; identification and promotion of existing small-business assets in the region; and creating and deepening existing systematic and synergistic relationships between industry and university/college research and talent development.
Goal #2: Boost Site Development for Catalyst Projects
Strategies include strengthening the infrastructure in the area, including broadband, roads, water, sewer, electricity, and natural gas, and extending them to strategic sites along commercial connectivity nodes; studying and implementing plans for transportation and transit corridors, including impacts from I-69 development; and launching a planning forum to help Johnson County’s elected leaders, planning department staﬀ, and economic developers identify and implement best practices in planning and development.
Goal #3: Nurture Community Collaboration and Engagement
Strategies include reinforcing regionalism by expanding and deepening communication channels among community partners; creating and/or supporting youth and young professional civic engagement initiatives to develop long-term community-enhancing policies; and providing support and mentoring to young professionals seeking public office.
Goal #4: Embrace and Pursue Opportunities for Enhanced Livability and Quality of Place
Strategies include collaborating with housing stakeholders to understand issues and develop solutions; establishing community conversations focused on inclusivity and engagement of other cultures and demographics; investigating availability and quality of health care and mental health services and their impact on employers and workers; and encouraging small-business development to increase locally owned retail establishments and restaurants.
Goal #5: Magnify and Deliver Robust Education and Workforce Endeavors
Strategies include prioritizing organizational partnerships with university and college stakeholders; increasing talent connection to 21st century skills; providing incentives for graduates and adult workers to pursue STEM occupations in advanced industries and other high-wage, high-skilled fields in Johnson County; and supporting workforce initiatives for military veterans.
“Johnson County is at an economic frontier,” said Ginovus Executive Managing Director Larry Gigerich. “Residents and businesses face serious challenges, such as global slowdown as part of the normal economic cycle, an aging workforce, and dangers to some industries due to technology changes. The goal of this plan is to build upon the opportunities that change presents.”
Aspire designed the plan with a focus on successful implementation. Each action item includes potential partner organizations and key metrics, with milestones over the next five years.
“Connectedness is part of the Johnson County DNA and encompasses community members working together toward a common goal with an understanding that the success of one boosts the success of all,” said Plaka Founder & CEO Courtney Zaugg. “Given the momentum developed by this planning process, and leaders’ commitment and energy, we are confident Aspire will successfully carry this plan forward.”
As mentioned, Plaka and Ginovus conducted significant research for this project. Noteworthy data points for Johnson County and the region include:
- Johnson County is expected to have one of the highest growth rates in Central Indiana during the next 15-20 years. By 2040, the county is expected to have just over 190,000 residents.
- Johnson County exports a large number of its workers to surrounding counties in the Indianapolis MSA region and beyond. Daily, about 53,560 workers commute out of the county, while only 34,474 commute into the county. Approximately 20,051 residents both live and work in Johnson County. As would be expected, most commuters work in Marion County.
- Top industries in the county include administrative support (15.3%), health care and social assistance (12.1%), wholesale trade (11.1%), and professional, scientific, and technical services (10.7%).
- Johnson County’s highest-growth industries from 2014 to 2019 are transportation and warehousing (40%), finance and insurance (38%), arts and entertainment (34%), construction (34%), and real estate, rental, and leasing (31%).
- Industries anticipated for the highest growth during the next 10 years include arts, entertainment, and recreation (34%), professional, scientific, and technical services (29%), information (27%), wholesale trade (27%), and real estate, rental, and leasing (25%).
- 20.2% of Johnson County residents possess a bachelor’s degree (1.4% above the national average). 8.4% hold an associate’s degree (0.3% above the national average).
- The county has 4,499 businesses employing 61,999 people.
- As of 2018, Johnson County had 61,783 housing units, with an owner-occupied rate of 71.8%.
- Median household income in the county ($68,712) is higher than the Indianapolis regional ($59,232), state ($54,325) and national ($60,293) averages.
- In 2019, gross regional product for Johnson County was more than $5.5 billion.
- 61% ($8.05 billion) of regional sales were imports; 39% ($5.18 billion) of regional sales were exports.
The public launch of Aspire’s strategic plan is possible because of support from the following sponsors: Franciscan Health, Van Valer Law Firm, Old National Bank, Northwest Bank, First Merchants Bank, Express Employment Professionals and DiscountFilters.com.
About Aspire Economic Development + Chamber Alliance
Aspire Economic Development + Chamber Alliance’s mission is to drive economic development and business success in Johnson County and southern Indianapolis. As the local economic development organization for Johnson County, Aspire works to attract, retain, and expand businesses in the county. As a chamber, Aspire leads the area’s business community by advancing pro-growth policy, leveraging community development opportunities and providing comprehensive member services to entrepreneurs, small businesses, and large corporations. For more information, please visit AspireJohnsonCounty.com.
Christian Maslowski, President & CEO