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Prince William County – Specialized Logistics & Supply Chain Briefing Presented By: Prince William County Department of Economic Development www.pwcecondev.org.

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Presentation on theme: "Prince William County – Specialized Logistics & Supply Chain Briefing Presented By: Prince William County Department of Economic Development www.pwcecondev.org."— Presentation transcript:

1 Prince William County – Specialized Logistics & Supply Chain Briefing Presented By: Prince William County Department of Economic Development www.pwcecondev.org

2 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

3 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

4 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%

5 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 Versatile & Cost-effective Location Options

6 3 rd largest Trans-Atlantic hub on east coast 79 non-stop domestic destinations and 46 non-stop international destinations 21.5 million passengers and 565.2 million lbs. of freight (2014) International Air Cargo providers include: – Lufthansa, United, British Airways, Korean Air Lines, Qatar, & ANA Dulles: Access to the World

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8 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

9 Logistics Companies in Prince William County

10 Prince William County Workforce Accessibility

11 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 Available Land and Buildings

12 Prince William County Offers Cost Competitive Real Estate Source: Costar

13 Virginia’s Power Rates

14 County: – Economic Development Opportunity Fund – Expedited Plan Review and Fee Reduction State: – Governors Opportunity Fund – Virginia Job Investment Program – Virginia Economic Development Incentive Grant – Corporate Income Tax Credits VA is a Right to Work State: – Third lowest unionization rate in the US. State and County Incentives

15 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. 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.

16 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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