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REGION 6 COMPREHENSIVE ECONOMIC DEVELOPMENT ... development strategy will be referred to hereafter as the CEDS or Strategy, when not written in full form. Moving past acronyms and

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Text of REGION 6 COMPREHENSIVE ECONOMIC DEVELOPMENT ... development strategy will be referred to hereafter...

  • REGION 6 COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY:

    PLANNING FOR A STRONG AND DIVERSE ECONOMY IN HARDIN, MARSHALL, POWESHIEK, AND TAMA COUNTY

    2013 - 2018

    This comprehensive economic development strategy for Iowa’s Region 6 was developed by the Region 6 Planning Commission with the guidance, feedback, and support of the Region 6 Regional Development Committee. Strategy and monitoring is possible with a recurring federal grant from the Economic Development Administration that is administered by the Region 6 Planning Commission. This strategy was developed in 2012, approved by the Region 6 Board of Directors in December 2012, and submitted to the Economic Development Administration for approval on December 31, 2012. Per regulation, this strategy will be updated every five years by the Region 6 Planning Commission and Regional Development Committee. During the life of the Strategy, the Commission and Committee will periodically review the Strategy to assess progress and outcomes. For more information, please contact the Region 6 Planning Commission. 903 East Main Street Marshalltown, IA 50158 Phone: (641) 752-0717 Email: region6@region6planning.org Website: www.region6planning.org

    mailto:region6@region6planning.org http://www.region6planning.org/

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    TABLE OF CONTENTS

    TABLE OF CONTENTS .................................................................................................................................................................................................................. 3

    REGION 6 PLANNING COMMISSION BOARD OF DIRECTORS APPROVAL BY RESOLUTION .......................................................................................................... 7

    THE PURPOSE OF A COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY ........................................................................................................................... 8

    THE REGION 6 ECONOMIC DEVELOPMENT DISTRICT .................................................................................................................................................................. 9

    THE REGIONAL DEVELOPMENT INITIATIVE AND COMMITTEE .................................................................................................................................................. 11

    STRATEGY DEVELOPMENT PROCESS ........................................................................................................................................................................................ 14

    Research and Incorporation of Priorities.................................................................................................................................................................................... 14 Committee Formation ................................................................................................................................................................................................................ 15 Goals, Objectives, Projects ......................................................................................................................................................................................................... 15 Action Plan ................................................................................................................................................................................................................................. 17 Comment Period and Submission for Approval .......................................................................................................................................................................... 17

    REGION 6 BACKGROUND AND CURRENT TRENDS .................................................................................................................................................................... 18

    POPULATION AND QUALITY OF LIFE ......................................................................................................................................................................................................... 18 Total Population ......................................................................................................................................................................................................................... 18 Important Population Trends ..................................................................................................................................................................................................... 22 Total Population Projection ....................................................................................................................................................................................................... 24 Important Quality of Life Indicators ........................................................................................................................................................................................... 24 Important Population Considerations ........................................................................................................................................................................................ 27

    ECONOMY AND WORKFORCE ................................................................................................................................................................................................................. 28 Employment ............................................................................................................................................................................................................................... 28 Unemployment .......................................................................................................................................................................................................................... 31 Future Employment .................................................................................................................................................................................................................... 33 Retail Leakage Analysis .............................................................................................................................................................................................................. 35 Industry Clusters......................................................................................................................................................................................................................... 38 Important Economy and Workforce Considerations .................................................................................................................................................................. 41

    HOUSING ........................................................................................................................................................................................................................................... 43 Housing Stock ............................................................................................................................................................................................................................. 43 Important Housing Considerations ............................................................................................................................................................................................ 47

    TRANSPORTATION SYSTEM .................................................................................................................................................................................................................... 49

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    Road and Bridge Network .......................................................................................................................................................................................................... 49 Freight Transportation ............................................................................................................................................................................................................... 53 Airports ...................................................................................................................................................................................................................................... 55 Public Transit .............................................................................................................................................................................................................................. 55 Recreational Trails and PEdestrian Facilities ............................................................................................................................................................................. 56 Important Transportation System Considerations ..................................................................................................................................................................... 57

    GEOGRPAHY, LAND USE, AND ENVIRONMENT ........................................................................................................................................................................................... 59 Hardin County ..............................................................................................................................................................................

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