2/6/2017
Adams and Wells Counties to Conduct Housing Study Grant

(This is a joint news release from Wells County Economic Development; Adams County Economic Development Corp.; and Indiana Michigan Power.)

February 2, 2017 – Adams County Economic Development has partnered with Wells County Economic Development to conduct a Housing Study and Infrastructure Needs Analysis for their respective counties. Indiana Michigan Power recently provided $20,000 to assist the organizations with the study.

Indianapolis-based Development Concepts Inc. (DCI) is providing the services for the organizations in conducting the housing analysis. DCI will conduct an in-depth analysis of the counties’ current housing market, including infrastructure capacity.

“Talent retention, attraction, and enrichment are a key component of each county’s Economic Development Strategic Plan,” said Chad Kline, executive director for Wells County Economic Development. “In an effort to attract new talent, the first step is determining if adequate housing is available for workforce attraction.”

The study will be conducted in three phases: Market Analysis, Strategy Development, and Implementation. It will identify market opportunities, what is involved to fully take advantage of them, and work to ensure that the private sector will respond.

“Today’s housing market is anything but predictable,” said Mike Higbee, managing director for DCI. “Adams and Wells counties must determine how to address the housing customer’s expectations regarding a quality community with a wide range of amenities, good schools and diverse housing choice – this in a region that is experiencing only modest population growth,”

Both new housing development and existing housing inventory will be incorporated into the study. An emphasis will be placed on reinforcing existing neighborhoods as well as creating livable communities that appeal to today’s market expectations.

“DCI has a history of tapping into unique opportunities in the market when they develop their plans, with the aim of creating housing opportunities that will attract the interest of people from beyond the local market,” said Higbee.

“Both counties face increased demand for workers,” said Trevor Hobbs, executive director for Adams County Economic Development. “This study will recommend ways both counties can supply adequate housing for current needs as well as accommodate the population growth for which our talent attraction programs are aiming.”

“Attractive and available housing stock is a key component in enticing new industry and people to our communities,” said Ashley Savieo, economic and business development manager for Indiana Michigan Power. “The outcome of the study will drive strategies for not only producing more housing developments but also enhancing existing neighborhoods.”

The housing study, which began in January, is expected to be completed by early summer. At the conclusion of the study, short- and long-term housing needs will be clearly identified along with the articulated responses and policy recommendations which will guide future housing discussions and programming.

Ashley Savieo
Indiana Michigan Power
260-408-3629
ansavieo@aep.com

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