1. Piedmont Opportunity Corridor
FY2019
Enhanced Capacity Building
Piedmont Opportunity Corridor
Community Update
August 16, 2018

2. WHY GO VIRGINIA? U.S. GDP and Virginia GSP 2002 – 2015
FY2019
U.S. GDP and Virginia GSP
2002 – 2015
(Annual % Change) % 6 4
U.S. 2
Virginia -2 -4
WHY GO VIRGINIA?
Source: Bureau of Economic Analysis, GMU Center for Regional Analysis

3. WHY GO VIRGINIA? Virginia and State Comparisons
FY2019
Virginia and State Comparisons
Percent GSP Change: Recession and Recovery
(ranked by GSP in 2015)
(~2007 – 2009) (2009 – 2015)
-10% 9%
Florida
Ohio
-7%
14%
North Carolina
-3% 8%
Georgia
-6%
10%
Virginia 0% 6%
WHY GO VIRGINIA?
Maryland 0% 8%
Indiana
-7%
13%
South Carolina
-4%
10% DC
-20% -10% 0%
-1% 9%
10%
20%
Source: Bureau of Economic Analysis, GMU Center for Regional Analysis

4. WHY GO VIRGINIA? Commonwealth of Virginia
FY2019
Commonwealth of Virginia
Average Job Contribution to Gross State Product
By Private Sector in 2015 $s
Sector
Leisure & Hospitality Services
Average Job Contribution to GSP
$38,000
Retail Trade
$61,637
Education & Health Services
$66,868
State and Local Government
$69,804
Construction
$83,100
Transport/Warehousing
$109,136
Military
$125,215
Professional & Business Service
$145,211
Wholesale Trade
$158,875
Federal Government
$163,125
Manufacturing
$186,311
Information Services
$336,162
Financial Services
$491,636
All Private Sectors Average
$127,630
All Government Average
$117,432
WHY GO VIRGINIA?
Source: IHS Economics, GMU Center for Regional Analysis

5. WHY GO Virginia? The GSP* Effects of Private Sector Job Change
FY2019
The GSP* Effects of Private Sector Job Change
in the Commonwealth of Virginia,
March 2008-August (in 2015$s)
Job
Average
Total
Change
GSP* Value
-293,300
$152,807
- $44,818,293,100
+335,400
$114,793
38,501,572,200
+ 42,100
- $6,316,720,900
WHY GO Virginia?
Source: GMU Center for Regional Analysis
*Gross State Product

6. 2016 General Assembly INTRO
FY2019
2016 General Assembly
GROWTH AND OPPORTUNITY ACT Legislation to create the Virginia Growth and Opportunity (GO) Board and Fund.
COLLABORATIVE JOBS ACT Legislation to create revenue sharing opportunities for localities when jointly pursuing economic development projects.
INTRO

7. WhAT IS GO VIRGINIA? INTRO
FY2019
WhAT IS GO VIRGINIA?
An economic development initiative that provides incentives to encourage collaboration between private industry, higher education, and government to produce results that will grow and diversify the regional economies -- and ultimately the Commonwealth.
INTRO

8. GO Virginia funding streams
FY2019
GO Virginia funding streams
Regional Projects
(Per Capita Funds)
Inter-Regional Projects
(Competitive Funds)
Allocated based on the regional population
Funding awarded by the Board on a competitive basis for projects engaging at least two regions
intro

9. GO VIRGINIA structure structure
FY2019
GO VIRGINIA structure
Growth & Opportunity (GO) Board is responsible for awarding funds to projects recommended by Regional Councils.
Regional Councils are private industry led and have representation from education, workforce, local government, economic development, etc.
DHCD oversees the administrative and financial aspects of the Board
Support Organizations oversees the administrative and financial aspects of the Regional Councils.
structure

10. GO Virginia Board & DHCD
FY2019
GO Virginia Board & DHCD
GO Virginia Board
DHCD
Dubby Wynne, Chair
Benjamin J. Davenport Jr, Vice Chair
Erik Johnston, Director
Courtney Dozier, Deputy Director
Jordan Snelling, GO Virginia Administrator
Billy Gammel, GO Virginia Analyst
STRUCTURE

11. Structure-the regions
FY2019
GO Virginia REGIONS
Structure-the regions

12. Piedmont Opportunity Corridor
FY2019
REGION 9 -
Piedmont Opportunity Corridor
11 Localities
Incorporating
Planning Districts 9 and 10
Structure - Region 9

13. Officers & Executive Committee
FY2019
Regional council 9
 Officers & Executive Committee
Chair: Tom Click, Patriot Industries
Vice Chair: Jim Cheng, CAV Angels
Treasurer: Andy Wade, Louisa County
Brian Cole, Lexis Nexis
Miles Friedman, Fauquier County
Ed Scott, Eco-Septix Alliance
David Pettit, Lenhart Pettit
Piedmont Opportunity Corridor
STRUCTURE - region 9

14. Entrepreneurship & Innovation Task FOrce
Tom Click, Patriot Industries
Jim Cheng, CAV Angels
Leigh Middleditch, McGuireWoods
Elizabeth Smith, Afton Mountain Vineyards
Pace Lochte, UVA
Miles Friedman, Fauquier County
Structure - Region 9

15. Regional council 9 Support Organization
FY2019
Regional council 9 Support Organization
Helen Cauthen, President
Shannon Holland, GO Virginia Director
Uconda Dunn, Economic Development Director
Stephanie Boynton, Executive Director, Piedmont Workforce Network
Structure - Region 9

16. GO Virginia Projects MUST…
FY2019
GO Virginia Projects MUST…
Align with the GO Virginia Board Goals and,
Align with the Growth & Diversification Plan for the Region
Project requirements

17. To meet GO Virginia Board Goals
FY2019
To meet GO Virginia Board Goals
A project must:
Lead to the creation of higher paying jobs
Derive revenue from out-of-state sources
Be sustainable after GOVA
Demonstrate collaboration between higher education, business and local government
Involve 2 or more local governments
Project requirements

18. GO Virginia Does not fund….
FY2019
GO Virginia Does not fund….
Healthcare
Quality of life projects
Incentives to private companies
Scholarships
Broadband (under evaluation)
Transportation projects
Infrastructure - unless for site development
Project requirements

19. $52,038 AVERAGE WAGES Project requirements Region 9
FY2019
AVERAGE WAGES
$52,038
Region 9
Project requirements
Source: U.S. Bureau of Economic Analysis, Per Capita Income, 2015

20. Region 9 Plan Region 9 plan Region 9 plan Download at
FY2019
Region 9 Plan
Region 9 plan
Download at
Region 9 plan

21. Identified Opportunities
FY2019
Identified Opportunities
Proposals should be in at least one Framework targeting at least one Target Industry
Frameworks
Talent Development
Growing Existing Businesses
Startup/Innovation/
Commercialization
Site Readiness
Industries
Financial & Business Services
Food & Beverage Manufacturing
Information Technology & Communications
Light Manufacturing
Biomedical & Biotechnology
Region 9 plan
TARGETING

22. FY2019
Required MATCH
GO Virginia proposals must include a $1:1 Match from non-state sources.
Matching funds may be CASH and/or IN-KIND
Within the 1:1 Match, there is a minimum locality Match requirement
$50,000 OR 20% of the GO Virginia request, whichever is greater
match

23. REGION 9 how to apply How to apply
FY2019
REGION 9 how to apply
Discuss with GO Virginia Region 9 staff
Submit Pre-Application
Get approval to move forward with application
Submit application by Region 9 Deadlines
Details and downloads at
How to apply

24. board proposal Review PROPOSAL review Support Organization
FY2019
board proposal Review
Support Organization
Regional Council
DHCD
Working Group
State Board
PROPOSAL review

25. Region 9 PROPOSAL review
FY2019
Region 9 PROPOSAL review
APPLICANT
Submits proposal by
STAFF
Provides applicant feedback
s proposal to assigned Task Force members for scoring
COUNCIL
Discusses proposal at Council Meeting and votes
Submits to DHCD on behalf of Council
PROPOSAL review

26. Added from Capacity Building Funds Total Available for Projects
FY2019
FY 18 Region 9 projects
Per Capita Allocation
Added from Capacity Building Funds
Total Available for Projects
YTD Total Awarded
FY 2018 Funds Carry Forward
$546,301
$250,000
$796,301
$735,987
$60,314
Fy 2018 highlights

27. Region 9 Projects Fy 2018 highlights GWC PTEC 244,300 431,625
Lead Applicant
GO Virginia Funds Requested
Locality Match
Other Match
Description
GWC PTEC
(Culpeper County)
244,300
431,625
1,000,000
Talent Development project targeting Light Manufacturing
Crafting Higher Paying Jobs and Adult Beverage Exports
(PVCC)
249,472
50,000
259,000
Talent Development project targeting Food & Beverage Manufacturing
Central Virginia Cybersecurity Partnership
100,000
136,000
Talent Development project targeting IT/Communications
Central Virginia Site Readiness
(Partnership)
58,675
Site Development project targeting Light Manufacturing
CvilleBioHub
(CvilleBioHub)
83,540
84,600
Grow Existing Businesses project targeting Biotech
Fy 2018 highlights

28. Statewide approved projects
As of August 14, 2018
34 Projects Funded
Talent Development – 15
Infrastructure – 6
Commercialization – 3
Enhanced Capacity Building – 10
>$10,000,000

29. Recently approved projects
Description
Amounts
Southwest Virginia Technology Council Hublink 1
Online jobs platform for technology industry
$27,547
Campus RVA 4
Online and offline resource for internships and job openings
$100,000
CvilleBioHub 9
Create a strategic plan for driving innovation and growth for the region’s Biotech cluster
$83,540
Talent Pipeline Apprenticeship Initiative 7
Develop an apprenticeship program for technology and cybersecurity jobs
$1,000,000
Lighthouse U
Empower recent college graduates to become entrepreneurs
MAMAC
Inter Regional Project to advance this mega-industrial site to Tier IV
$2,217,000

30. Go Virginia state priorities
FY2019
Go Virginia state priorities
Site Development
Entrepreneurial and Innovation Ecosystem
fy 2019 priorities

31. FY 2019 Go Virginia project funding
Per Capita
Funds
(Regional Projects)
Competitive
(Inter-Regional Projects)
Region 9 Projects:
$1,000,000*
Region 9 + at least one other Region:
$11,000,000
Fy 2019 funding
* Includes Enhanced Capacity Building Funding

32. Enhanced capacity Building projects (ECB)
FY2019
Enhanced capacity Building projects (ECB)
ECB Proposals must:
Evaluate an opportunity or develop a platform for needs or opportunities identified in regional plans (not implementation)
Have a direct line of site to a larger GO Virginia grant proposal
If ECB GO Virginia funding request is for < $100,000:
The proposal is eligible for an accelerated approval process
May request a waiver of the locality match requirement, if the proposal demonstrates that it could not be obtained
Region 9 can only fund a limited number of these projects annually
fy 2018 priorities

33. FY 2019 Go Virginia project funding
Per Capita
Funds
(Regional Projects)
Competitive
(Inter-Regional Projects)
Region 9 Projects:
$1,000,000*
Region 9 + at least one other Region:
$11,000,000
Fy 2019 funding
* Includes Enhanced Capacity Building Funding

34. FY 2019 Region 9 priorities fy 2018 priorities
Regional Council to Drive the Agenda to:
Generate a Robust Project Pipeline for >$1,000,000
Get Local Government More Integrated
Facilitate Innovation/Entrepreneurship Ecosystem Projects
Support project conversations targeting Business & Financial Services
Identify Next Generation of Leaders
fy 2018 priorities

35. Next deadline: September 25, 2018
IDEAS & QUESTIONS

36. GO Virginia Thank you! Shannon Holland GO Virginia Director, Region 9
ext. 103