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Economic Development Plan June 12, 2019

Economic Development Plan June 12, 2019...Jun 06, 2019  · New Business Types, 174 Responses 18.97% 21.84% 26.44% 32.76% 49.43% 59.20% 67.24% 67.24% 0% 10% 20% 30% 40% 50% 60% 70%

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Page 1: Economic Development Plan June 12, 2019...Jun 06, 2019  · New Business Types, 174 Responses 18.97% 21.84% 26.44% 32.76% 49.43% 59.20% 67.24% 67.24% 0% 10% 20% 30% 40% 50% 60% 70%

Economic Development PlanJune 12, 2019

Page 2: Economic Development Plan June 12, 2019...Jun 06, 2019  · New Business Types, 174 Responses 18.97% 21.84% 26.44% 32.76% 49.43% 59.20% 67.24% 67.24% 0% 10% 20% 30% 40% 50% 60% 70%

Aligning activities, resources, and efforts to:

▪ Increase local employment

▪Retain workforce and talent

▪Expand and diversify local tax base

▪ Improve local economic conditions

Page 3: Economic Development Plan June 12, 2019...Jun 06, 2019  · New Business Types, 174 Responses 18.97% 21.84% 26.44% 32.76% 49.43% 59.20% 67.24% 67.24% 0% 10% 20% 30% 40% 50% 60% 70%

▪ Thomas P. Miller & Associates (Based in Indianapolis)

▪ Process funded by Office of Community and Rural Affairs (OCRA)

▪ Identifies key industries, major economic strategies, and challenges for Brown County

Page 4: Economic Development Plan June 12, 2019...Jun 06, 2019  · New Business Types, 174 Responses 18.97% 21.84% 26.44% 32.76% 49.43% 59.20% 67.24% 67.24% 0% 10% 20% 30% 40% 50% 60% 70%

Where is Brown County today?

Where is Brown County going?

What is the community’s vision for the future?

What are the ways to achieve the vision?

Page 5: Economic Development Plan June 12, 2019...Jun 06, 2019  · New Business Types, 174 Responses 18.97% 21.84% 26.44% 32.76% 49.43% 59.20% 67.24% 67.24% 0% 10% 20% 30% 40% 50% 60% 70%

DATA

ANALYSIS

PUBLIC

SURVEY

STAKEHOLDER

INTERVIEWS

DOCUMENT

REVIEW

Page 6: Economic Development Plan June 12, 2019...Jun 06, 2019  · New Business Types, 174 Responses 18.97% 21.84% 26.44% 32.76% 49.43% 59.20% 67.24% 67.24% 0% 10% 20% 30% 40% 50% 60% 70%

4.0%

5.6%

5.2%

7.1%

3.7%

4.3%

4.5%

6.0%

5.6%

7.1%

7.6%

8.6%9.1%9.0%

5.8%

2.7%

2.4%

1.7%

3.7%

5.7%

5.1%

5.3%

4.6%

4.0%

4.3%

4.1%

5.7%

6.6%

7.8%

9.4%

9.3%

11.0%

4.0%

4.3%

2.2%

2.8%

12% 7% 2% 3% 8%

Under 5 years

10 to 14 years

20 to 24 years

30 to 34 years

40 to 44 years

50 to 54 years

60 to 64 years

70 to 74 years

80 to 84 years

% Male % Female

Median Age

49.3

38

Brown

County

Page 7: Economic Development Plan June 12, 2019...Jun 06, 2019  · New Business Types, 174 Responses 18.97% 21.84% 26.44% 32.76% 49.43% 59.20% 67.24% 67.24% 0% 10% 20% 30% 40% 50% 60% 70%

▪ Surrounding region experiencing fast growth

▪ Median household income:

▪ Brown County: $59,292

▪ Bartholomew County: $57,331

▪ Monroe County: $45,689-4%

-2%

0%

2%

4%

6%

8%

10%

2010 2011 2012 2013 2014 2015 2016 2017

Bartholomew County Brown County Indiana Jackson County

Marion County Monroe County Morgan County Johnson County

Population Change 2010-2017

-1.36%

Page 8: Economic Development Plan June 12, 2019...Jun 06, 2019  · New Business Types, 174 Responses 18.97% 21.84% 26.44% 32.76% 49.43% 59.20% 67.24% 67.24% 0% 10% 20% 30% 40% 50% 60% 70%

▪ Lower property tax than surrounding counties

▪ Higher income tax rate than surrounding counties

Location 2019 Property Tax Rate 2017County Income Tax

Brown County .38% 2.5%

Monroe County .41% 1.3%

Bartholomew County .43% 1.2%

Page 9: Economic Development Plan June 12, 2019...Jun 06, 2019  · New Business Types, 174 Responses 18.97% 21.84% 26.44% 32.76% 49.43% 59.20% 67.24% 67.24% 0% 10% 20% 30% 40% 50% 60% 70%

▪ Property tax has been volatile during this time period

▪ The total tax levy and assessed value has increased

Brown County, IN 2014 2015 2016 2017 2018 2019

Property Tax Rate 0.39% 0.40% 0.36% 0.41% 0.38% 0.38%

Total Tax Levy $4,745,464 $4,987,922 $4,436,951 $5,159,475 $4,894,909 $4,945,111

Certified Net

Assessed Value

$1,224,635,779 $1,238,005,273 $1,241,799,884 $1,258,101,455 $1,270,744,620 $1,311,352,379

Page 10: Economic Development Plan June 12, 2019...Jun 06, 2019  · New Business Types, 174 Responses 18.97% 21.84% 26.44% 32.76% 49.43% 59.20% 67.24% 67.24% 0% 10% 20% 30% 40% 50% 60% 70%

▪ Three industries make up over 45% of employment opportunities for Brown County:

Industry2018 Jobs

Brown CountyShare Expected Share

Government 804 21.6% 15.1%

Accommodation and Food

Services581 15.6% 8.6%

Retail Trade 416 11.2% 10.2%

Page 11: Economic Development Plan June 12, 2019...Jun 06, 2019  · New Business Types, 174 Responses 18.97% 21.84% 26.44% 32.76% 49.43% 59.20% 67.24% 67.24% 0% 10% 20% 30% 40% 50% 60% 70%

▪Four important industries (high share of jobs, highly concentrated, and growing since 2013):▪ Services to Buildings and Dwellings

▪ Beverage Manufacturing

▪ Home Health Care Services

▪ Nursing Care Facilities (Skilled Nursing Facilities)

Page 12: Economic Development Plan June 12, 2019...Jun 06, 2019  · New Business Types, 174 Responses 18.97% 21.84% 26.44% 32.76% 49.43% 59.20% 67.24% 67.24% 0% 10% 20% 30% 40% 50% 60% 70%

DescriptionCompetitive

Effect

Average

Earnings

5-year

Growth 2018 Jobs

Electric Power Generation

and Transmission118.4 $144,294.46 71% 263

Insurance Services 255.4 $86,412.50 61% 706

Livestock Processing 89.6 $50,280.51 44% 413

Construction Products and

Services181.9 $102,762.28 35% 1,119

Food Processing and

Manufacturing24.3 $52,537.91 33% 908

Top 5 Industry Clusters within 60 Minutes of Nashville, IN

Page 13: Economic Development Plan June 12, 2019...Jun 06, 2019  · New Business Types, 174 Responses 18.97% 21.84% 26.44% 32.76% 49.43% 59.20% 67.24% 67.24% 0% 10% 20% 30% 40% 50% 60% 70%

Three fastest growing occupations:

1

Drivers/Sales Workers

2

Home Health Aides

3

Farmworkers & Laborers, Crop,

Nursery, & Greenhouse

Page 14: Economic Development Plan June 12, 2019...Jun 06, 2019  · New Business Types, 174 Responses 18.97% 21.84% 26.44% 32.76% 49.43% 59.20% 67.24% 67.24% 0% 10% 20% 30% 40% 50% 60% 70%

STAKEHOLDER INTERVIEWS

PUBLIC SURVEY

INTERACTIVE ACTIVITIES

Page 15: Economic Development Plan June 12, 2019...Jun 06, 2019  · New Business Types, 174 Responses 18.97% 21.84% 26.44% 32.76% 49.43% 59.20% 67.24% 67.24% 0% 10% 20% 30% 40% 50% 60% 70%

▪ Natural environment

▪ Engaged people

▪ Arts/history

Industry OpportunityTotal

Responses

Tourism 16

IT, Informatics & Information Communication Technology

15

Retail 12

Healthcare 10

Biotechnology 5

What are the top industry opportunities for

Brown County? (22 Responses)

Page 16: Economic Development Plan June 12, 2019...Jun 06, 2019  · New Business Types, 174 Responses 18.97% 21.84% 26.44% 32.76% 49.43% 59.20% 67.24% 67.24% 0% 10% 20% 30% 40% 50% 60% 70%

Quality of Infrastructure, 168 Responses

▪ Roadways

▪ Wastewater treatment

▪ Water

13.69%

45.24%

36.90%

3.57%

0.60%

0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 35.00% 40.00% 45.00% 50.00%

Very Poor

Poor

Average

Good

Excellent

Page 17: Economic Development Plan June 12, 2019...Jun 06, 2019  · New Business Types, 174 Responses 18.97% 21.84% 26.44% 32.76% 49.43% 59.20% 67.24% 67.24% 0% 10% 20% 30% 40% 50% 60% 70%

▪ Broadband

▪ Telecommuting (IT)

▪ Housing

New Business Types, 174 Responses

18.97%

21.84%

26.44%

32.76%

49.43%

59.20%

67.24%

67.24%

0% 10% 20% 30% 40% 50% 60% 70% 80%

Transportation & Warehousing

Other (please specify)

Advanced Manufacturing

Agriculture

Retail

Information Technology

Health Care and Social Assistance

Tourism (Arts, Entertainment, Recreation, and

Accommodation & Food Services)

Page 18: Economic Development Plan June 12, 2019...Jun 06, 2019  · New Business Types, 174 Responses 18.97% 21.84% 26.44% 32.76% 49.43% 59.20% 67.24% 67.24% 0% 10% 20% 30% 40% 50% 60% 70%
Page 19: Economic Development Plan June 12, 2019...Jun 06, 2019  · New Business Types, 174 Responses 18.97% 21.84% 26.44% 32.76% 49.43% 59.20% 67.24% 67.24% 0% 10% 20% 30% 40% 50% 60% 70%

NEXT STEPS

▪ Leverage existing assets such as tourism, natural environment, and local workforce

▪ Address major challenges to County infrastructure and housing needs

▪ Retain and attract population toexpand local workforce and tax base

Page 20: Economic Development Plan June 12, 2019...Jun 06, 2019  · New Business Types, 174 Responses 18.97% 21.84% 26.44% 32.76% 49.43% 59.20% 67.24% 67.24% 0% 10% 20% 30% 40% 50% 60% 70%

Vision & Strategies1. Promote and preserve Brown County’s natural

environment

2. Promote Brown County as home for diverse and

talented individuals

3. Foster Brown County’s identity as a destination for

tourists interested in the arts, outdoors, and historic

small-town charm

4. Leverage a growing presence of health-related

industries in Brown County and surrounding region

5. Promote Brown County’s interests within Southern

Indiana

Page 21: Economic Development Plan June 12, 2019...Jun 06, 2019  · New Business Types, 174 Responses 18.97% 21.84% 26.44% 32.76% 49.43% 59.20% 67.24% 67.24% 0% 10% 20% 30% 40% 50% 60% 70%

PROMOTE & PRESERVE NATURAL

ENVIRONMENT

▪ Assess and mitigate potential environment risks presented from residential solid waste systems in the County

▪ Address trash and litter throughout the County

▪ Protect from Natural Disaster & Environmental Degradation

Page 22: Economic Development Plan June 12, 2019...Jun 06, 2019  · New Business Types, 174 Responses 18.97% 21.84% 26.44% 32.76% 49.43% 59.20% 67.24% 67.24% 0% 10% 20% 30% 40% 50% 60% 70%

HOME FOR DIVERSE & TALENTED

INDIVIDUALS

▪ Improve infrastructural capacity to support additional residential development and entrepreneurial opportunities

▪ Promote and preserve affordable and diverse housing options to support existing and future residents

▪ Develop amenities to encourage and support entrepreneurial efforts in the County

Page 23: Economic Development Plan June 12, 2019...Jun 06, 2019  · New Business Types, 174 Responses 18.97% 21.84% 26.44% 32.76% 49.43% 59.20% 67.24% 67.24% 0% 10% 20% 30% 40% 50% 60% 70%

TOURISTS INTERESTED IN

ARTS, OUTDOORS, & SMALL-TOWN CHARM

▪ Enhance and support existing presence of arts in Brown County

▪ Expand hotel and traveler accommodation options in Brown County

Page 24: Economic Development Plan June 12, 2019...Jun 06, 2019  · New Business Types, 174 Responses 18.97% 21.84% 26.44% 32.76% 49.43% 59.20% 67.24% 67.24% 0% 10% 20% 30% 40% 50% 60% 70%

GROWINGPRESENCE OF

HEALTH-RELATED INDUSTRIES IN

REGION

▪ Expand opportunities for individuals interested in careers in Health

▪ Identify economic development potential of related fields

Page 25: Economic Development Plan June 12, 2019...Jun 06, 2019  · New Business Types, 174 Responses 18.97% 21.84% 26.44% 32.76% 49.43% 59.20% 67.24% 67.24% 0% 10% 20% 30% 40% 50% 60% 70%

PROMOTE INTERESTS IN SOUTHERN INDIANA

▪ Promote Brown County’s identity and unique characteristics within Southern Indiana

▪ Promote a unified brand across Brown County planning efforts

Page 26: Economic Development Plan June 12, 2019...Jun 06, 2019  · New Business Types, 174 Responses 18.97% 21.84% 26.44% 32.76% 49.43% 59.20% 67.24% 67.24% 0% 10% 20% 30% 40% 50% 60% 70%

Alexander McGrath

Project Consultant

Economic Development and Community Resiliency

Thomas P. Miller and Associates

Mobile: 708-642-2539

[email protected]