Economic
Development

 

 

 

Franklin County’s prime location and easy access to industrial and consumer markets have strategically positioned it for wide-spread economic development. The area’s businesses have capitalized on this unique access to foster long-term business growth through a variety of helpful incentives. These include initiatives such as: assistance with real estate purchases, construction and renovations, workforce development and equipment upgrades.

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Attracting a skilled workforce is essential to economic development. Fortunately, Franklin County is located within 40 miles of a labor force of more than 600,000 highly skilled and dependable workers. Additionally, the county boasted an unemployment rate of only 4.4 percent prior to the Covid-19 pandemic.

Manufacturing and infrastructure both play a significant role in the region’s economic development. Manufacturers alone contributed more than $1.1 billion of the county’s gross domestic product (GDP) in 2017, and the extensive interstate highways as well as two Class-1 intermodal terminals provide immediate and cost-effective access to major markets and talent.