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Published byPhilomena Johns Modified over 8 years ago
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Prince William County Overview
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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 2016 33% est. population growth by 2045** 42%
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Excellent Mid-Atlantic location Cost competitive in the National Capital Region Existing office, flex, industrial and data center facilities Available large acreage sites for development 7 VRE commuter rail stops on two rail lines Quick access to Dulles International, Reagan National and Manassas Regional Airports Close proximity to Virginia Inland Port and I-81 I-95 corridor bookended by Marine Corps Base Quantico to the south and Ft. Belvoir to the north Centrally located to major research institutions Versatile & Cost-effective Location Options
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Targeted Industry Sectors Life Sciences & Biotechnology Federal Agencies & Corporate Facilities Information Technology Specialized Logistics & Supply Chain Advanced Manufacturing
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Major Companies in Prince William County
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Recent Project Wins
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Prince William County Testimonials “It was important for Ventech to establish a strong presence in the National Capital Region, at the center of a growing healthcare IT industry with access to a highly skilled workforce and talent pipeline. Prince William County delivers all the requirements that a growing Inc. 5000 company needs to fulfill major mission-critical programs that are of national importance.” – Herb Jones, CEO of Ventech Solutions, Inc. “The vibrant life sciences community here in Prince William County is an ideal environment for a company like Ceres Nanosciences. Our location at Innovation Park is a great fit for us because of the opportunities to collaborate directly with world leading scientists like those at George Mason University’s Center for Applied Proteomics and Molecular Medicine.” - Ross Dunlap, CEO, Ceres Nanosciences “We’re delighted to establish our North American headquarters in Prince William County. The competitive advantages are available and affordable property; access - just off Interstate 66; lower costs; which allows for higher wages to hire more qualified people - that translates to customer savings.” – Dr. Shawn Landry, Found and CEO of QBE, LLC
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Prince William County – Educated Workforce Source: Virginia Employment Commission
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Prince William County Workforce Accessibility
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George Mason University: –Largest public research university in VA –Science and Technology Campus: –Center for Applied Proteomics & Molecular Medicine Northern Virginia Community College: –55,000 SF NVCC Workforce Center –NSA Recognized Center of Academic Excellence in Information Assurance/Cyber Defense K-12 School System: –91% on time graduation rate –Ranked top 10% in the Nation Talent Pipeline “ We gain direct access to a talent pipeline of young professionals with both NOVA and GMU Science and Technology Campus nearby” -Jarrod Norton, VP, OPTiMO IT
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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
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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
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Dulles: Access to the World
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Robust Fiber & Power Development
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Virginia’s Power Rates
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15.8 M sq. ft. of existing flex/industrial 1.2 M sq. ft. available Av. gross rent: 8 - $10 5,900+ acres of commercially zoned, undeveloped land Available Land and Buildings
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Innovation Park
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6% corporate income tax rate unchanged since 1972 Ranked #6 by Tax Foundation in State Corporate Income Tax and Sales Tax Rates (2015) Building costs in Northern Virginia are 93% of the national average State & Local taxes per $1,000 in income equal $83; $17 less than US average Virginia: Best State for Business
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County: – Economic Development Opportunity Fund – Expedited Plan Review and 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 – Ninth lowest unionization rate in the country at 6.2% State and County Incentives
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Prince William County Department of Economic Development PwcEconDev.org | 703.792.5500 Follow us on Twitter @PWCDED Sign-up for our Newsletter at www.PwcEconDev.org
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