1 / 27

Prince William County Overview

Prince William County Overview. Prince William County Snapshot. 465,346 Population*. Less than 20 miles from Washington, DC Virginia’s 2 nd largest and 4 th fastest growing County MWCOG Projections (2015-2045): Employment ( 258,000), Population (573,000); Households (193,000)

lundy
Download Presentation

Prince William County Overview

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Prince William County Overview

  2. Prince William CountySnapshot 465,346 Population* • Less than 20 miles from Washington, DC • Virginia’s 2nd largest and 4th fastest growing County • MWCOG Projections (2015-2045): Employment (258,000), Population (573,000); Households (193,000) • 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 • Easy access to 3 major airports: Washington Dulles International Airport; Ronald Reagan Washington National Airport; and Manassas Regional Airport • 6 higher education campuses and close to over 40 colleges and universities • 34.7 years median population age • 131,203 at-place employment (as of 4Q2018) • 2.8% unemployment rate; 1.1% lower than the national unemployment rate (as of Mar. 2019) • Median household income of $101,059 • 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. * As of 12/31/2018 44% 358,300 * Source: Prince William County Government ** Source: Metropolitan Washington Council of Government Updated: May 2019

  3. Prince William County, VA is… • Perfectly Located • 336 square miles situated near major population and employment centers • Easily accessible from all directions, but outside Capitol Beltway congestion • Part of the 5.4 million person Washington metropolitan region • A Mid-Atlantic location with short travel times to Boston, New York, and Atlanta • Young, Fast Growing & Diverse • We are Virginia’s 2nd largest community and 4th fastest growing county • Our current population of 455,000 has grown 17% in the last 10 years • Our median age of 34 is lower than that of Virginia and the United States • 31% of our residents speak a second language • We are a minority-majority county comprised of 20% African American, 22% Hispanic and 8% Asian…the new face of America • Smart & Educated • 44% of our labor force holds at least an Associates Degree and 36% holds at least a Bachelors degree • 75% of Northern Virginia’s 1.5 million person workforce are within a 30 minute commute • We host 6 higher education campuses and are near 13 major research institutions; Washington metro area universities granted 56,000 technology related degrees from 2011-2015 • There are over 52,000 software developers, web developers, computer programmers, system analysts and electrical engineers in the metro region

  4. Prince William County, VA is… Connected • Two interstates (I95 and I66) cross the county and offer a reverse commute • There are seven Virginia Railway Express stations in Prince William County • Dulles International Airport provides daily service to 45 international cities and is a 20- minute drive • Reagan National Airport has 86 direct city flights daily • Prince William County (along with Loudoun County) comprise the largest data center cluster in North America and has a super dense fiber network with 18 fiber providers and extremely low latency to the eastern Internet hub at Ashburn • Comcast, Verizon, Sprint, AT&T, T-Mobile all operate wireless networks in the county Stable & Business Friendly • The County prides itself on a “can-do” attitude with our businesses • We strive for a balance of protecting our environment, natural assets and physical appearance while welcoming new investment and development • Fast-track permitting for target industries gives “priority concierge service” to our target sectors and can cut in half the time it takes for building permitting • Prince William County has consistently maintained a AAA bond rating from all three major rating agencies, a distinction held by only 1.5% of US counties

  5. Prince William County, VA is… A Great Value • The average home price in Prince William County is $358,300, which is 18% less than the average home price in Northern Virginia • The average monthly rental rate for an apartment in Prince William County is $1,847 which is 4% below that of the average rental rate in Northern Virginia • Land costs are 54% lower than comparable land in the Washington Metro Area • Office rents are 36% lower than in the Washington D.C. Metro Area • A recent economic analysis showed that ongoing business operating costs in the County are less than comparable US metropolitan regions Entrepreneurial • Prince William is a county of small and mid-size entrepreneurial companies • Two technology incubators, one for life science companies and another for computer game design companies creating serious games. Both incubators work in close partnership with George Mason University • The rapidly expanding GMU Science & Technology campus in our Innovation Park focusses on information technology, engineering and the life sciences • Major technology companies include: ATCC (life sciences); Micron (semiconductors); SES (satellite systems); NAL Research (secure communication hardware); Lockheed Martin; BAE Systems; Mu-Del (electronics); and others

  6. Prince William County, VA is… Fun & Creative • Home to Jiffy Lube Live, an outdoor music amphitheater hosting top acts ranging from Jimmy Buffett to Jason Aldean to AC/DC • We’re a growing location with 20 wineries, microbreweries and distilleries in the County and the City of Manassas • Honoring our culture and history, our venues include the Manassas National Battlefield Park, Museum of the Marine Corps and Rippon Lodge • The Hylton Performing Arts Center on the GMU Science & Technology Center is modelled after the Milan Opera House with a stunning 1,100 seat performance hall featuring top classical and pop music as well as theatre, ballet and opera • Two historic downtowns can be found in Manassas and Occoquan where shopping, dining, drinking and cultural experiences abound • The Potomac Nationals baseball team (a Washington Nationals affiliate) play at Pfitzner Stadium in Prince William County • Hiking, biking and camping options are abundant at our many parks including the 16,000 acre Prince William Forest Park – the largest protected natural area in the Washington D.C. Metro Area

  7. Versatile & Cost-effective Location Options • 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

  8. Target Industry Sectors • Information Communication Technology • Software and Hardware Design, Production and Testing • Data Centers • Cyber and Information Security • Serious Game Design/Modeling/Simulation • Data Analytics • Advanced Manufacturing • Life Sciences • Pharmaceutical-research, Drug Development and Manufacturing • Medical and Diagnostic Devices • Personalized Medicine • Bioinformatics • Proteomics • Nanotechnology Related to Life Sciences and Health Care • Medical Networks • Advanced Manufacturing • Large Sports and Preventive Medical Practices and Large Specialty Practices • Laboratory Testing Facilities • Health Care Providers Focused on Translational Research • Federal Government Contracting • Biosecurity • Cyber and Information Security • Forensics • Information Communications Technology • Advanced Manufacturing • Defense Related • Corporate and Federal Facilities • Headquarters – Global, National, Regional and Divisional • Technical/Operations Centers and Training Facilities • Back Office Facilities • Defense Related • Logistics and Supply Chain • E-Commerce Fulfillment • Last-Mile Fulfillment • Retail Distribution • Wholesale Distribution Food and Beverage Distribution • Opportunity Zones and Redevelopment Areas • Company or Project Locating in an Opportunity Zone or Designated Redevelopment Area. • Destination and Tourism Venues • Including distilleries, wineries and breweries that provide a customer venue in a commercial space for tastings, sales and/or restaurant services. • Entrepreneurial Ventures • An entrepreneurial venture is defined as a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk and fall into any one of the following NAICS codes, 31-33, 51, 52, 54, 55, and 56.

  9. Fast-Track Permitting for TargetedProjects • Reduced SiteFees • Up to 50% reduction in site plan review fees & site permit fees available for eligibleprojects. • Fast-trackpermitting • Priority status ensures site plan and building plan reviews areexpedited. • Dedicated ProjectManager • A project manager is assigned by development services to guide you through the County’s development processes and assist you with your projectneeds. • 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 completedproject. • 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 eligibilityguidelines.

  10. Fast Track Permitting

  11. Major Companies in Prince William County

  12. Capital Investment & Project Wins: Jan-Dec2018 Capital Investment & Project Wins: Jan-Oct 2018 653M Million Capital Investment 13 Projects 435 New Jobs 178 Targeted 257 Non-Targeted 13 Projects = 8 New Businesses + 5 Business Expansions

  13. Recent Project Wins

  14. Prince William County Testimonials “We explored several U.S. locations for this expansion and Prince William County was a clear forerunner. Northern Virginia is an important national market for data centers and our customers are excited that Iron Mountain’s highly secure and reliable product will be available here.  Prince William County is a great fit for us with our focus on security, compliance, efficiency and reliability.” – Mark Kidd, Senior Vice President and General Manager, Data Centers, Iron Mountain “When we were considering where to locate our next facility, Prince William County was the obvious choice. The confluence of its talented workforce, enhanced by its cutting-edge educational institutions and its large military veteran population (the county and environs is home to over 180,000 highly trained military veterans); its strategic location; robust infrastructure; and supportive business climate, make a compelling business case and is frankly the secret to its success.” - Ann Orem, Managing Director, Brickyard “We are excited to bring our growing enterprise to Innovation Park. Moving to a premier location like Innovation Park in Prince William County provides the most advantageous setting for our corporate headquarters.” – Jim Napoli, CEO, Medliminal LLC

  15. Prince William County – Educated Workforce Source: Virginia Employment Commission

  16. Prince William County Workforce Accessibility

  17. Talent Pipeline • 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: • 92% on time graduation rate • Ranked top 10% in the Nation “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

  18. 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

  19. 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.

  20. Dulles: Access to the World

  21. Robust Fiber & Power Development

  22. Virginia’s Power Rates

  23. Available Land and Buildings • 17.8 M sq. ft. of existing flex/industrial • 1.6 M sq. ft. available • Av. gross rent: $9.67 • 5,800+ acres of commercially zoned, undeveloped land

  24. Innovation Park

  25. Virginia: Best State for Business • 3rd Highest Concentration of “Tech Workers” (Cyberstates 2018) • 4th Top State for Business (CNBC-2018) • 5th Best State for Business (Forbes – 2017) • 5th Best State for Business Environment (US News & World Report 2018) • 6th Most Competitive State (Site Selection 2017) • 6th Best Corporate Tax Climate (tax Foundation 2018) • 9th Best Regulatory Environment (Area Development 2017)

  26. State and County Incentives • 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%

  27. 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

More Related