80 likes | 182 Views
8TH ANNUAL SMALL BUSINESS AND GOVERNMENT CONFERENCE January, 2014 George Harben, CEcD, CCR Director of Existing Business Prince William County Dept. of Economic Development. Prince William County - Snapshot.
E N D
8TH ANNUAL SMALL BUSINESS AND GOVERNMENT CONFERENCE January, 2014 George Harben, CEcD, CCR Director of Existing Business Prince William County Dept. of Economic Development
Prince William County - Snapshot “Prince William County likes to give companies the treatment and it shows.” --CNN Money • Population / Workforce • Population: 419,577 (Sep. 2013) • Labor force: 230,725 (August 2013) • At-place employment: 114,273 (Q1 2013) • Unemployment : 4.7% (August 2013) • Median Household Income: $93,744 • Adults w/ College Degree: 41% • 10-Year Growth Trends • Avg. of 2,500 jobs added annually • 45% business growth • 25% at-place job growth • 30% growth in avg. weekly wages • 59% growth in CRE inventory • Accolades • AAA bond rating from all three rating agencies • 12th wealthiest County in the nation by median household income • One of the 100 Best Communities for Young People for the third year in a row according to America’s Promise Alliance • Named to CNN Money’s “Where the Jobs Are” four of the last five years
Business Proposition • Workforce Center of Northern Virginia • 75% of Northern Virginia’s 1.5 million workers are within a 30-minute one-way commute to the center of Prince William County during rush hour • Rapidly growing, highly-skilled labor force • Transportation & Accessibility • Two interstates (I-66 / I-95), HOT and HOV lane access and robust intra-county road system • 7 VRE stops on two rail lines • Quick access to Dulles International, Reagan National and Manassas Regional Airports • Federal Market Access • I-95 Corridor bookended by Marine Corps Base Quantico to the south and Ft. Belvoir to the north • Home to over 170 federal contractors • Versatile and Cost-effective Location Options • Cost competitive in the National Capital Region • Existing office, flex, industrial and data center facilities • Available large acreage sites for development
DED Services to Industry • Customized and confidential assistance based on the needs of the company executive team • Comprehensive site and/or building selection assistance • Permitting and site plan guidance • Clearinghouse for internal and external data sources and information • Identification of local resources for training, employee identification, financing, business development, and procurement • Identification of state and federal programs for financing, exporting, incentives, and regional/state procurement • Provide demographic and economic data
Targeted Industries • Federal agencies and contractors • Information technology • Biotechnology • Corporate facilities • Micro-electronics • Other high-tech industries
Federal Agencies & Contractors • Prince William Advantages • expedited development process • targeted industry status • bookended by Marine Corps Base Quantico to the south and Ft. Belvoir to the north • access to federal facilities and prime contractors • access to employees • Economic Development Announcements • 101 announcements • $324 million in investment • 3,655 new jobs
Strategic Plan Charge • Strategic Plan Charge • Attract Capital Investment to diversify the economic base, ease the residential tax burden and catalyze economic growth. • Attract High-quality Jobs that match the educational and skill profile of the PWC workforce to increase at-place employment opportunities for the residents of PWC. • Board-adopted Tactics • Support expansion of County businesses • Attract new targeted businesses to generate capital investment and new jobs • Promote high-quality mixed-use development, especially in revitalization areas • Accelerate collaboration with educational institutions
Prince William County Department of Economic Development George N. Harben Director of Existing Business PwcEconDev.org | 703-792-5507 gharben@pwcgov.org Follow us on Twitter @PWCDED Sign-up for our Newsletter at www.PwcEconDev.org