Johnson County, Iowa, was ranked third in The “Fourth Economy Community (FEC) Index” released today. The listing ranks the nation’s top 10, small-sized Fourth Economy Communities. This category features counties that are ideally positioned to attract modern investment and managed economic growth. County populations must fall within 100,000 to 150,000 residents.
“The ‘fourth economy’ defines our nation’s current economy, reflecting a combination of the previous three: agrarian, industrial and technological,” said Rich Overmoyer, Fourth Economy President and CEO. “This new index is intended to serve as a dashboard for community stakeholders to gauge their capacity to attract and retain modern investment.”
Mark Nolte, interim ICAD Group president, attributes multiple factors to Johnson County’s success, including the long-term vision of existing industry. “Our annual existing industry interviews show companies are increasing their investment in research and development and introducing new products and services at a rate nearly 20% higher than national norms,” said Nolte. “ICAD Group’s Vision 2030 is concentrated on furthering this culture of innovation.”
Read the full story at www.icadgroup.com/news.