Prince William County – Specialized Logistics & Supply Chain Briefing

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Presentation transcript:

Prince William County – Specialized Logistics & Supply Chain Briefing Staff Contact: Adam J. Henry Business Development Manager Prince William County Department of Economic Development (703) 792-5191 | ahenry@pwcgov.org www.pwcecondev.org Presentation Updated: July 26, 2016

5 of the top 10 U.S. Metropolitan Areas Prince William County: Access to US Markets Prince William County is within a day’s drive of 5 of the top 10 U.S. Metropolitan Areas

Transportation Infrastructure 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.

PRINCE WILLIAM COUNTY SNAPSHOT Less than 20 miles from Washington, DC Virginia’s 2nd largest and 4th 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 122,450 at-place employment (as of 1Q2016) 3.5% unemployment rate; 1.6% lower than the national unemployment rate (as of 2Q2016) 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* 33% est. population growth by 2045** 42% 323,400 Updated: September 2016

Versatile & 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 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

Median Household Income Prince William County Workforce Accessibility Location Population Workforce Median Household Income Virginia 8,326,289 3,907,100 $64,902 Washington-Arlington-Alexandria, DC-VA-MD-WV Metro Area 6,097,684 3,305,790 $91,193 Prince William County, Virginia 446,094 123,292 $92,104

Prince William County Workforce Profile Labor Force Participation Rate: Armed Forces Veterans and Labor Force: Other Workforce Profile Statistics: Prince William Co Virginia United States 72.9% 64.8% 63.5% Prince William Co Virginia Veterans, Age 18-64 12.0% (32,114) 9.1% (470,379) Armed Forces Labor 2.0% (6,330) 1.7% (108,658) PWC VA USA Poverty Level (of all people) 6.5% 11.5% 15.6% Annual Average Wage (Transportation Occupations) $33,400 $34,800 $34,900 Union Membership 7.4% 5.4% 11.1% Median Age (Years) 33.5 37.5 37.2

Dulles: Access to the World 3rd largest Trans-Atlantic hub on east coast 77 non-stop domestic destinations and 49 non-stop international destinations 21.6 million passengers and 548.5 million lbs. of freight (2015) 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

15.8 M sq. ft. of existing flex/industrial 1.2 M sq. ft. available Available Land and Buildings 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

Prince William County Offers Cost Competitive Real Estate Source: Costar

Competitive Industrial Power Rates in Virginia

State and County Incentives Economic Development Opportunity Fund Expedited Plan Review and Site Plan Fee Reduction State: Commonwealth Opportunity Fund Virginia Job Investment Program Virginia Economic Development Incentive Grant Corporate Income Tax Credits Virginia is a Right to Work State: Overall Union Membership Rate 5.4% Private Sector Union Membership Rate 3.1%

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. 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.

Prince William County Department of Economic Development 13575 Heathcote Boulevard, Suite 240 | Gainesville, VA 20155 PwcEconDev.org | 703.792.5500 Adam J. Henry, Business Development Manager Follow us on Twitter @PWCDED Sign-up for our Newsletter at www.PwcEconDev.org