Doing the Right Thing: Improving Transportation and Enhancing our Economy
It's about connections. It's about the future.
No industry impacts the quality of everyday life and the success of business more than transportation. Most of us recognize that increasing traffic congestion affects all of us, whether we are residents or business owners, by imposing unnecessary time delay, air pollution, safety and other costs upon travelers and business operations.
Traffic congestion affects our ability to safely move about in our day-to-day travels and is a significant contributing factor to the quality of life in our communities. From a business standpoint, producers of goods and services are more cost sensitive to traffic congestion, because the economic implications of traffic congestion have impacts on business operations, productivity and output levels. Traffic congestion effectively shrinks business market areas, adds costs and reduces the efficiency of businesses operating in our County.
Adequate transportation facilities and supporting infrastructure are crucial for ensuring Clermont County’s economic health and maintaining its competitiveness. The impacts of traffic congestion varies by industry sector, and is attributable to differences in each industry sector’s mix of required inputs because of the specific industry sector reliance on access to skilled labor, specialized material inputs, and market areas.
The Bigger Picture...
CCTID recognizes the changing nature of manufacturing, markets, trade and technologies has had dramatic impacts on the needs for movement of people, goods and services. These impacts have created new opportunities for economic growth in some areas but also risks of economic loss elsewhere.
Quite simply, future needs will likely not match the configuration of our transportation facilities and services developed 30+ years ago. Increasing globalization and international trade have led to new growth in movement of goods to and from marine ports, airport and border gateways, as well as new patterns of truck freight flow through our communities.
CCTID, realizing that our economic competitiveness is at stake, has begun to develop strategies, plans and construction projects to address not only the mobility needs of the people in our communities, but to address transportation’s role in supporting the long-term economic well-being of our communities.
Market-Based Strategy
To develop strategies that will not only address the needs of today, but for many years to come, CCTID realizes that it is necessary to understand the market and its potential movement in the future. By making smart, informed, market-based decisions, we can develop strategies that will allow Clermont County to maintain its economic competitiveness and ensure future economic vitality and investment in its communities.
CCTID has conducted several studies that use a market-based approach to identify opportunities and challenges within the market. To lead the charge, CCTID selected Property Advisors a real estate consulting firm based in Cincinnati, to conduct a Marketplace Housing Assessment and Commercial Impact Analyses of the essential business sectors throughout the County.
The Marketplace Housing Assessment provides an in-depth look at household demographics and lifestyles of residents within eleven specific communities of Clermont County. The Marketplace Housing Assessment also tracks residential housing activity over the past five years, providing a thorough assessment of the housing market within Clermont County communities. Eleven communities in Clermont County were identified and divided into two Areas:
Area A examined Amelia, Loveland, Miami Twp, Milford, Newtown, and Union Twp.
Area B examined Batavia Twp, Cherry Grove, Goshen Twp, Pierce Twp, and Stonelick Twp.
Download the Marketplace Housing Assessment Executive Summary or get the Full Report.
The Commercial Impact Analyses used results from the Marketplace Housing Assessment and other relevant market factors, to understand buying power and project future demand within specific Clermont County business nodes. Feasibility studies for commercial office, retail, restaurant and industrial space were conducted using a market-based approach to identify commercial opportunities within the major business corridors of our county:
Other Relevant Market Studies