1. August 2006

2. Total Population: 1.6 million
Virginia’s Hampton Roads: Geography
Gloucester 36,695
Total Population: 1.6 million
James City 53,487
York 60,948
Williamsburg11,605
Poquoson 11,844
Newport News 181,647
Hampton 146,878
Norfolk 241,727
Isle of Wight 31,925
Portsmouth 99,617
Southampton 17,585
Virginia Beach 439,467
Suffolk 73,515
Chesapeake 210,834
Franklin 8,594

3. Regional Opportunities
Today we are competing with regional economic development groups throughout the USA and the WORLD
“There is nothing in economic development that creates as much confusion in the minds of company executives, prospects, and site selectors as competing organizations representing overlapping geography. The merger of the Hampton Roads Economic Development Alliance and the Peninsula Alliance for Economic Development is a clear signal that leadership in the Hampton Roads region is serious about economic development.”
Eric Canada
President. Blane, Canada Ltd. Wheaton, IL

4. HREDA – Locality Partnership HREDA Business Attraction
Local ED
- Marketing Missions
- Trade Shows
- Research Leads
Special Events
Direct Mail
International Promo Campaigns
Consultant Relations
National Public Relations
Existing Industry
Asset Development
Small Business
Hospitality / Tourism
Retail
Entrepreneurial Programs
Workforce Development
Community Redevelopment
HREDA
New Business Attraction
Local ED
“Deal Closer”

5. Project Initiation

6. Marketing Services for 2005
PERFORMANCE MEASUREMENTS
225 Corporate Appointments
70 Consultant Appointments
72 Client Visits
HREDA OUTREACH
24 Domestic Marketing Missions
14 International Marketing Missions
18 Domestic Trade Shows
19 Special events
11 International Trade Shows
National and international Advertising
This activity has resulted in 10 Announcements
1,867 New Jobs
Average Base salary of $39,845
Capital Investment of $104,007,104

7. Virginia Beach 2.9 Residents
One Metro Area
WHEN 100 NEW JOBS ARE CREATED IN A HAMPTON ROADS CITY OR COUNTY HERE IS WHERE THE HOLDERS OF THESE JOBS WILL RESIDE
Example: 100 Jobs Created in Hampton
Virginia Beach 2.9 Residents
Suffolk 1.3 Residents
York 9.9 Residents
Hampton 100 Jobs 49.2 Residents
Portsmouth 0.9 Residents
Norfolk 2.3 Residents
Newport News 23.1 Residents

8. Virginia Beach $0.32 by Virginia Beach Residents
One Metro Area
WHEN $1.00 OF NEW PAYROLL APPEARS IN A HAMPTON ROADS CITY OR COUNTY, HERE IS THE AMOUNT EARNED BY INDIVIDUALS RESIDING IN VARIOUS LOCATIONS
Example: $1.00 Earned in Norfolk
Virginia Beach $0.32 by Virginia Beach Residents
Hampton $0.03 by Hampton Residents
Chesapeake $0.14 by Chesapeake Residents
Norfolk $1.00 Earned $0.32 by Norfolk Residents
Portsmouth $0.04 by Portsmouth Residents
Suffolk $0.02 by Suffolk Residents
Newport News $0.02 by Newport News Residents

9. One Metro Area
“It is apparent that our region is highly interdependent from an economic standpoint. Hundreds of thousands of citizens live in one location, but work in another.”
Dr. James V. Koch
President Emeritus, Old Dominion University

10. Metropolitan Statistical Areas Economic Strength Ranking
Economic Strength is the long-term tendency for an area to grow consistently in both size and quality.
There are 361 Metropolitan Statistical Areas in the United States. The highest ranked areas have had rapid, consistent growth in both size and quality for an extended period of time. The lowest ranked areas have been in volatile decline for an extended period of time.
Change Direction
Washington-Arlington-Alexandria 1 3 Advanced
Charlotte 3 1 Declined
Richmond Advanced
Raleigh Declined
Baltimore Advanced
Hampton Roads Advanced
Durham Declined
Charlottesville Declined
Greensboro Advanced
Source: Policom Corporation

11. Economic Development Budget Comparisons
How will Hampton Roads compare in 2007?
Competitive Annual Public Private
Markets Population Budget Sector Sector
Fairfax, Virginia 2,000,000 $5,000, % 0%
Savannah 400,000 $4,500,000 N/A N/A
Jacksonville 1,224,000 $4,000,000 50% 50%
Indianapolis 1,900,000 $3,600,000 60% 40%
Hampton Roads 1,600,000 $3,200,000 50% 50%
Richmond 1,153,000 $3,200,000 74% 26%
Charlotte 2,263,000 $3,000,000 50% 50%
Piedmont Triad 1,517,000 $2,186,500 66% 34%
Raleigh/RTP 1,700,000 $1,600,000 75% 25%
Charleston 900,000 $1,500,000 55% 45%