Prince William County Department of Economic Development 703 7925191 ahenrypwcgovorg wwwpwcecondevorg Prince William County Virginia Prince William County is an ideal location for specialized logistics and supply chain companies ID: 796853
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Prince William County – Specialized Logistics & Supply Chain BriefingPrince William County Department of Economic Development(703) 792-5191 | ahenry@pwcgov.orgwww.pwcecondev.org
Slide2Prince William County, Virginia
Prince William County is an ideal location for specialized logistics and supply chain companies
Slide3Two 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.
Prince William Co Transportation Infrastructure
Slide4Prince William County: Access to US Markets
Slide5Prince William County Snapshot
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)
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.
465,346
Population*
358,300
Updated: May 2019
* As of
12
/31/2018
* Source: Prince William County Government
** Source: Metropolitan Washington Council of Government
Slide6Cost competitive in the National Capital RegionExisting office, flex, industrial and data center facilitiesAvailable large acreage sites for developmentRedevelopment opportunities along I-95 corridor and in Innovation Park7 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
Slide7FedEx and UPS Outbound from Prince William Co
Updated: Jan 2019
Slide8Prince William County Workforce Accessibility
Location
Source: Jobs EQ Jan 2019
Population
Workforce
Median Household Income
Virginia
8,310,301
4,291,796
$66,149
Washington-Arlington-Alexandria, DC-VA-MD-WV Metro Area
6,011,752
3,384,326
$93,804
Prince William County, Virginia
443,630
238,758
$98,546
Slide9Prince William County Workforce Profile
Labor Force Participation Rate:
Armed Forces Veterans and Labor Force:
Other Workforce Profile Statistics:
Prince William Co
Virginia
United States
73.1%
65.6%
63.1%
Prince William Co
Virginia
Veterans, Age 18-64
11.4% (31,539)
8.5%
(442,065)
Armed
Forces Labor
1.8% (5,900)
1.7% (111,328)
PWC
VA
USA
Poverty Level (of all people)
4.8%
4.5%
10.7%
Annual Average Wage (Transportation Occupations)
$35,400
$36,700
$36,900
Union Membership7.4%5.4%11.1%
Median Age (Years)34.437.837.7
Jobs EQ Jan 2019
Slide103rd largest Trans-Atlantic hub on east coast83 non-stop domestic destinations and 55 non-stop international destinations22.7 million passengers and 619.8 million lbs. of freight (2017)International Air Cargo providers include:Lufthansa, United, British Airways, Korean Air Lines, Qatar, & ANA
Dulles International Airport: Access to the World
Updated:
Jan 2019
Slide11Dulles International Airport: Access to the World
Accra
Johannesburg
Montreal
Ottawa
Reykjavík
Mexico City
Aruba
Copenhagen
Moscow-SVO
Frankfurt
Munich
Rome
Istanbul
Vienna
Zurich
Casablanca
San Jose
San Salvador
Guatemala City
Sao Paulo
Doha
Addis Ababa
Delhi
Tokyo-
HND
Seoul
Beijing
Cancun
Bogota
Montego Bay
Grand Cayman
Nassau
Panama City
Jeddah
Madrid
Barcelona
Riyadh
Abu Dhabi
Dubai
Dublin
London-LHR
Brussels
Paris-CDG
Lisbon
Geneva
Washington-IAD
Edinburgh
Vancouver
Hong Kong
Toronto-YTZ/YYZ
Tel Aviv
Punta Cana
St. Maarten
Cairo
La Paz
Providenciales
Sal
January 2020 | 56* nonstop destinations | 37 airlines
Nonstop Service
Seasonal Service
New Service: Start Date:
Tokyo (
Haneda
) - ANA Mar 28, 2020
Tokyo (
Haneda
) - United Mar 28, 2020
Zurich - Swiss Mar 29, 2020
Madrid - Iberia May 1, 2020
Warsaw – LOT Polish June 2, 2020
1-Stop Service
*Includes seasonal destinations not operating in January & new service destinations
Source:
Innovata
Airline Schedules (December 2019 – November 2020), via Diio MI Online Portal as of December 26, 2019)
Warsaw
Amsterdam
Slide12Dulles International Airport: Access to the USA
January 2020 | 88* nonstop destinations | 6 airlines
Kansas City
Grand Rapids
Minneapolis/St. Paul
Atlanta
Tampa
Miami
St. Thomas
San Juan
Houston-IAH
New Orleans
San Antonio
Oklahoma City
Seattle
Portland
San Francisco
San Diego
Los Angeles
Phoenix
Honolulu
Salt Lake City
Chicago-ORD
Denver
Steamboat
Springs
Rochester
Harrisburg
Nashville
Indianapolis
Dayton
Huntsville
Ft. Lauderdale
Washington-IAD
Jacksonville
Savannah
Charleston
Dallas/Ft. Worth-DFW
Austin
Las Vegas
Cincinnati
Louisville
Plattsburgh
Greenville
Asheville
Lexington
Albany
Hartford
Colorado Springs
Clarksburg
Greensboro
Roanoke
Staunton
Charlotte
Columbia
Columbus
Traverse
City
Ogdensburg
Syracuse
Sarasota
Ft. Myers
West Palm Beach
Orlando
Norfolk
Wilmington
Richmond
Raleigh/Durham
Hilton
Head
Island
Charlottesville
Bangor
Madison
Ithaca
Burlington
Philadelphia
New York-EWR/JFK/LGA
Providence
Boston
Manchester
Portland
Buffalo
St. Louis
Cleveland
Sacramento
Pittsburgh
Detroit
Akron/Canton
Nonstop Service
Seasonal Service
New Service: Start Date:
West Palm Beach, FL Feb 13, 2020
Akron/Canton, OH May 8, 2020
Madison, WI May 8, 2020
Philadelphia, PA May 8, 2020
Bangor, ME Jun 4, 2020
Knoxville
Greenbrier
State College
Wilkes-Barre/Scranton
*Includes seasonal destinations not operating in January & new service destinations
Source:
Innovata
Airline Schedules (December 2019 – November 2020), via Diio MI Online Portal as of December 26, 2019)
Slide13Virginia Inland Port
161 acre intermodal port
Five-day-a-week rail service between VIP and the Port of Virginia marine terminals
U.S. Customs, official port of entry
Within 1 mile of I-66 and within 5 miles of I-81
Approximately 40 miles from Prince William County
Slide14Logistics Companies in Prince William County
Slide15Logistics Companies in Prince William County
Virginia
Inland Port
Slide1617.8 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
Available Land and Buildings
Slide17Prince William County Offers Cost Competitive Real Estate
Source: Costar, Jan. 2019
Slide18Competitive Industrial Power Rates in Virginia
Slide19Commonwealth’s Opportunity Fund – Discretionary incentive available to the Governor that are awarded to localities on a local matching basis based on favorable location decision in Virginia. This program requires a match by the local jurisdiction. Virginia Jobs Investment Program (VJIP) – Program that direct funding to qualifying new and expanding companies for recruiting and training assistance.Other state incentives can be found on https://www.vedp.org/incentives
.
Commonwealth of Virginia Incentive Programs
Slide20Prince William County Economic Development Opportunity Fund (EDOF)
Company
New Jobs
Investment
Average Wage
EDOF Grant
Distribution Center
115 (583 Retained)$42,000,000$51,000$350,000
Glass Manufacturer
136
$7,500,000
$51,092
$100,000
Corp.
Headquarters
30
$6,000,000
$125,000
$40,000
Cash grant maintained by the Prince William Board of County Supervisors
Flexible fund for uses including infrastructure improvements, site preparation, work force services, and new capital equipment
Company commits to a capital investment and full-time jobs over a three-year period through a signed performance agreement with the Prince William County Industrial Development Authority
EDOF grants are subject to recommendation by the Department of Economic Development and approval by the Board of County Supervisors
Updated:
August
2017
Slide21NOTE:
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.
Slide22Prince William County Department of Economic Development
13575 Heathcote Boulevard, Suite 240 | Gainesville, VA 20155
PwcEconDev.org | 703.792.5500
Follow us on Twitter
@PWCDED
Sign-up for our Newsletter at
www.PwcEconDev.org