Economic Development

This chapter includes a summary of Grove City's current economic base, identification of competitive advantages and target industry opportunities for future recruitment, retention and marketing. GroveCity2050 is the Economic Development program/tool that will create additional business and employment growth, ultimately benefitting the community through an expanded income tax base.

Target Industry OpportunitiesEconomic Development

A list of key industries was identified for recruitment and/or development in Grove City based on the City's competitive advantages, industry clustering analysis, community priorities and stakeholder input.

  • Health Care Services - build on synergies created by new Mount Carmel and OhioHealth hospitals to attract other types of practices.
  • Techflex Districts - provide for a wide range of employment opportunities including office, institutional, research and development and light industrial.
  • Education and Training - Grove City's central location, with excellent accessibility to a broad catchment area of Franklin County, would be attractive to universities expanding their market reach.
  • Administrative Services - Grove City can build on existing strengths, while broadening its agglomeration of administrative services such as human resources and training services; "back office" services such as billing, bookkeeping, payroll and account services; and other business services such as customer service, data collection, printing and application design and development.

For a full list of targeted industries and more information on the economic development strategy, please view the Economic Development (PDF) chapter of the GroveCity2050 Community Plan.

Goals & Objectives

Goal (the intended outcome from applying the Economic Development chapter of GroveCity2050)Economic Development 1

Intentional use and deployment of strategic economic policies to diversify and strengthen the local economic base, workforce and broadening of employment opportunities.

Objectives

  • Diversify employment sectors to obtain the jobs desired by residents
  • Promote the City as a desirable place to do business
  • Foster and grow the local entrepreneurial spirit
  • Provide infrastructure and public services to support and expand the City's employment centers
  • Advance higher education and expand workforce training opportunities
  • Expand amenities to attract quality employers and continue to grow the tourism sector
  • Adopt policies to encourage and support a variety of development business types
  • Partner with SWACO to promote "green" industries