Prince William County – Specialized Logistics & Supply Chain Briefing Presented By: Prince William County Department of Economic Development
Prince William County: Access to US Markets Prince William County is within a day’s drive of 5 of the top 10 U.S. markets
Two interstates, multiple 4-lane arterials, CSX and Norfolk Southern mainlines, and Dulles International offer companies in PWC fast access to markets, workforce and the world. Transportation Infrastructure
PRINCE WILLIAM COUNTY SNAPSHOT Less than 20 miles from Washington, DC Virginia’s 2 nd largest and 4 th fastest growing County 75% of Northern Virginia 1.5M workforce live within a 30- minute commute 2 Interstates - I-95 and I-66 7 commuter rail stops on two rail lines Access to 3 major airports; Dulles International Airport is within a 20-minute drive 6 higher education campuses and close to over 40 colleges and universities 33.7 years median population age 122,809 at-place employment (as of 2Q2015) 3.5% unemployment rate; 1.4% lower than the national unemployment rate (as of Dec. 2015) Median household income of $98,514 Home to the FBI Northern Virginia Resident Agency and Marine Corps Base Quantico AAA bond rating from all 3 rating agencies; held by only 1.5% of all US counties. 443,463 Population* 323,400 Updated: March % est. population growth by 2045** 42%
Cost competitive in the National Capital Region Existing office, flex, industrial and data center facilities Available large acreage sites for development Redevelopment opportunities along I-95 corridor and in Innovation Park 7 VRE stops on two rail lines Quick access to Dulles International, Reagan National and Manassas Regional Airports I-95 corridor bookended by Marine Corps Base Quantico to the south and Ft. Belvoir to the north Versatile & Cost-effective Location Options
3 rd largest Trans-Atlantic hub on east coast 79 non-stop domestic destinations and 46 non-stop international destinations 21.5 million passengers and million lbs. of freight (2014) International Air Cargo providers include: – Lufthansa, United, British Airways, Korean Air Lines, Qatar, & ANA Dulles: Access to the World
Virginia Inland Port Five-day-a-week rail service between VIP and the Port of Virginia marine terminals Within 1 mile of I-66 and within 5 miles of I-81 Approximately 40 miles from Prince William County
Logistics Companies in Prince William County
Prince William County Workforce Accessibility
15.8 M sq. ft. of existing flex/industrial 1.2 M sq. ft. available Ave gross rent: $8 - $10 5,900+ acres of commercially zoned, undeveloped land Available Land and Buildings
Prince William County Offers Cost Competitive Real Estate Source: Costar
Virginia’s Power Rates
County: – Economic Development Opportunity Fund – Expedited Plan Review and Fee Reduction State: – Governors Opportunity Fund – Virginia Job Investment Program – Virginia Economic Development Incentive Grant – Corporate Income Tax Credits VA is a Right to Work State: – Third lowest unionization rate in the US. State and County Incentives
NOTE: Not all projects will be eligible for fast-track permitting. Targeted Status is awarded at the discretion of the Department of Economic Development and the Board of County Supervisors based on board-adopted eligibility guidelines. Fast-Track Permitting for Targeted Projects Reduced Site Fees 50% reduction in site fees available for eligible projects. Fast-track permitting Priority status ensures site plan and building plan reviews are expedited. Dedicated Project Manager A project manager is assigned by development services to guide you through the County’s development processes and assist you with your project needs. More than simply a liaison or point-of-contact, your project manager integrates the efforts of your team and the County’s team with the shared goal of a successfully completed project.
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