Industries + Companies
Overland Park's economy has been greatly enhanced by the convergence of certain key industries and leading employers. Telecommunications, professional business services, education, engineering and biosciences are just a few of the industries that gravitated to Overland Park for the highly educated workforce, partnering local government, and nationally recognized quality of life.
The local economy is largely affected by the growth or decline of a community's major industries. Below is a table summarizing certain industry sectors from a recent Targeted Industry Analysis for Johnson County. These sectors are a good representation of the overall Overland Park and Johnson County economies.
| NAICS |
Industry Description |
Location
Quotient1 |
Employment
Growth Rate2 (%) |
Output
Multiplier3 |
|
5413 |
Architectural & Engineering |
2.38 |
9.4 |
1.727 |
|
5133 |
Telecommunications |
7.51 |
175.7 |
1.649 |
|
5419 |
Other professional & scientific |
1.39 |
36.4 |
1.727 |
|
5614 |
Business Support Services |
1.90 |
24.5 |
1.766 |
1 Location Quotient is a ratio that compares the percentage of employment in a given industry within a local economy to the percentage of employment the industry constitutes in the naitonal economy.
2 Local Employment Growth, 1998-2002
3 Output Multiplier coefficients are a measure of the total dollar change in output in the local economy that results from a $1 change in output delivered to final demand by a particular industry.
Source: County Economic Research Instititue