Enhanced Capacity Building - PowerPoint Presentation

Slide1

Enhanced Capacity Building

Piedmont Opportunity Corridor

Community Update

August 16, 2018

Slide2

0

V

irginia

-2

-4

2

4

%

6

Source:

Bureau

of

Econo

m

ic

Anal

y

sis,

GMU

Ce

n

t

e

r

f

or

Re

g

io

n

al

Anal

y

sis

U.S. GDP and Virginia GSP2002 – 2015

(Annual % Change)

U.S.

WHY GO VIRGINIA?

Slide3

Virg

inia

and

Stat

e Comp

ariso

n

s

Perc

e

nt

GSP

Ch

a

ng

e: Recession

and

Recovery

-1%

-4%

-7%

0%

0%

-6%

-3%

-7%

DC

-

2

0%

-

1

0%

0%

S

o

uth

Ca

rol

inaIndiana

MarylandVirginia

Geo

r

g

ia

North

C

arolina

Source:

Bureau

of

Econo

m

ic

Anal

y

sis, G

M

U Ce

n

t

e

r

f

or

Re

g

io

n

al

Anal

y

sis

(~20

0

7

–

20

0

9) (2009

–

2

0

1

5

)

-10%

9%

Ohio

Florida

9%

10%

13%

8%

6%

10%

8%

14%

10%

20%

(ra

n

ked

by GSP in 2015)

WHY GO VIRGINIA?

Slide4

Co

mmo

nwea

lth

of V

ir

g

i

n

ia

A

verage

Job

Con

tribu

tion

to Gross

State

Product

By Private Sector

in 2015

$s

Source:

IHS Econom

ics, G

MU Center

for Regional Ana

lysis

S

e

ctor

Leisure & Ho

spitality Services

Average Job

Contributi

on

to GSP$38,000Retail Trade

$61,637

Education

& Health

Services$66,868State and Local Government$69,804Construction$83,100Transport/Warehou

sing$109,136Military$125,215Professional & Business

Service$145,211Wholesale

Trade

$158,875

Federal

G

overnment

$163,125

Manufacturing

$186,311

Informat

i

on

Services

$336,162

Finan

c

ial

Services

$491,636

All

Pri

v

ate

Sectors

Ave

r

age

$127,630

A

l

l

G

overnment

A

v

erage

$117,432

WHY GO VIRGINIA?

Slide5

The

GSP*

Ef

fects of

Private Sector

Job Ch

a

n

g

e

in

t

h

e

Com

monw

ealth

of V

irgin

ia,

M

arch

200

8-August

20

16 (in 2015$s)

Source:

GMU Cent

er f

or Reg

ional

Analysis

*Gross St

ate Product

Job

Avera

geTotalCh

ange

GSP* V

alue

GSP* Value-293,300$152,807- $44,818,293,100

+335,400$114,79338,501,

572,200+ 42,

100

-

$

6

,3

1

6,

7

2

0

,9

0

0

WHY GO Virginia?

Slide6

GROWTH AND OPPORTUNITY ACTLegislation to create the Virginia Growth and Opportunity (GO) Board and Fund.

COLLABORATIVE JOBS ACTLegislation to create revenue sharing opportunities for localities when jointly pursuing economic development projects. 2016 General Assembly

INTRO

Slide7

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. WhAT IS GO VIRGINIA?

INTRO

Slide8

intro

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

Slide9

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 BoardSupport Organizations oversees the administrative and financial aspects of the Regional Councils. GO VIRGINIA structure

structure

Slide10

GO Virginia Board & DHCDGO Virginia Board

Dubby Wynne, ChairBenjamin J. Davenport Jr, Vice ChairDHCDErik Johnston, DirectorCourtney Dozier, Deputy DirectorJordan Snelling, GO Virginia AdministratorBilly Gammel, GO Virginia Analyst

STRUCTURE

Slide11

GO Virginia REGIONS

Structure-the regions

Slide12

REGION 9 -

Piedmont Opportunity Corridor11 Localities Incorporating Planning Districts 9 and 10

Structure - Region 9

Slide13

Regional council 9

Chair: Tom Click, Patriot IndustriesVice Chair: Jim Cheng, CAV AngelsTreasurer: Andy Wade, Louisa CountyBrian Cole, Lexis Nexis

Miles Friedman, Fauquier CountyEd Scott, Eco-Septix

AllianceDavid Pettit, Lenhart Pettit

 

Officers & Executive Committee

STRUCTURE - region 9

Piedmont Opportunity Corridor

Slide14

Entrepreneurship & Innovation Task FOrce

Tom Click, Patriot IndustriesJim Cheng, CAV AngelsLeigh Middleditch, McGuireWoodsElizabeth Smith, Afton Mountain VineyardsPace Lochte, UVAMiles Friedman, Fauquier County

Structure - Region 9

Slide15

Regional council 9Support Organization

Helen Cauthen, PresidentShannon Holland, GO Virginia DirectorUconda Dunn, Economic Development DirectorStephanie Boynton, Executive Director, Piedmont Workforce Network

Structure - Region 9

Slide16

Align with the GO Virginia Board Goals and, Align with the Growth & Diversification Plan for the Region

GO Virginia Projects MUST…

Project requirements

Slide17

A project must:Lead to the creation of higher paying jobsDerive revenue from

out-of-state sourcesBe sustainable after GOVADemonstrate collaboration between higher education, business and local governmentInvolve 2 or more local governmentsTo meet GO Virginia Board Goals

Project requirements

Slide18

Healthcare Quality of life projectsIncentives to private companiesScholarships Broadband (under evaluation)

Transportation projects Infrastructure - unless for site developmentGO Virginia Does not fund….

Project requirements

Slide19

AVERAGE WAGES

Source: U.S. Bureau of Economic Analysis, Per Capita Income, 2015$52,038Region 9

Project requirements

Slide20

Download at

www.GoVirginia9.orgRegion 9 Plan

Region 9 plan

Region 9 plan

Slide21

Identified Opportunities

FrameworksTalent DevelopmentGrowing Existing BusinessesStartup/Innovation/Commercialization

Site Readiness

Industries

Financial & Business Services

Food & Beverage Manufacturing

Information Technology

&

Communications

Light Manufacturing

Biomedical & Biotechnology

TARGETING

Proposals should be in at least one Framework targeting at least one Target Industry

Region 9 plan

Slide22

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 greaterRequired MATCH

match

Slide23

Discuss with GO Virginia Region 9 staffSubmit Pre-ApplicationGet approval to move forward with applicationSubmit application by Region 9 Deadlines

Details and downloads at www.GOVirginia9.org REGION 9 how to apply

How to apply

Slide24

board proposal Review

PROPOSAL review

Slide25

Region 9 PROPOSAL review

PROPOSAL review

Slide26

FY 18 Region 9 projects

Per Capita AllocationAdded from Capacity Building Funds

Total Available for ProjectsYTD Total Awarded

FY 2018 Funds Carry Forward

$546,301$250,000$796,301

$735,987

$60,314

Fy

2018 highlights

Slide27

Region 9 Projects

Project/Lead ApplicantGO Virginia Funds RequestedLocality Match

Other MatchDescription

GWC PTEC(Culpeper County)

244,300431,6251,000,000

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

(PVCC)

100,000

0136,000Talent Development project targeting IT/Communications

Central Virginia Site Readiness

(Partnership)58,67558,675

0Site Development project targeting Light Manufacturing

CvilleBioHub

(CvilleBioHub)

83,540084,600

Grow Existing Businesses project targeting Biotech

Fy

2018 highlights

Slide28

Statewide approved projectsAs of August 14, 201834 Projects FundedTalent Development –

15Infrastructure – 6Commercialization – 3Enhanced Capacity Building – 10>$10,000,000

Slide29

Recently approved projects

ProjectDescription

AmountsSouthwest

Virginia Technology Council Hublink1

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 U4

Empower recent college graduates to become entrepreneurs$1,000,000

MAMAC4Inter Regional Project to advance this mega-industrial

site to Tier IV $2,217,000

Slide30

Go Virginia state prioritiesSite DevelopmentEntrepreneurial and Innovation Ecosystem

fy

2019 priorities

Slide31

FY 2019 Go Virginia project funding

Per CapitaFunds(Regional Projects)

CompetitiveFunds

(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

Slide32

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 proposalIf 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 obtainedRegion 9 can only fund a limited number of these projects annually

fy

2018 priorities

Slide33

FY 2019 Go Virginia project funding

Per CapitaFunds(Regional Projects)

CompetitiveFunds

(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

Slide34

FY 2019 Region 9 prioritiesRegional Council to Drive the Agenda to:Generate a Robust Project Pipeline for >$1,000,000 Get Local Government More Integrated

Facilitate Innovation/Entrepreneurship Ecosystem ProjectsSupport project conversations targeting Business & Financial ServicesIdentify Next Generation of Leaders

fy

2018 priorities

Slide35

Next deadline: September 25, 2018

IDEAS & QUESTIONS

Slide36

GO VirginiaThank you! Shannon Holland GO Virginia Director, Region 9

434-979-5610 ext. 103 sholland@centralvirginia.org www.GOVirginia9.org