8TH ANNUAL SMALL BUSINESS AND GOVERNMENT CONFERENCE January, 2014 George Harben, CEcD, CCR

1. 8TH ANNUAL SMALL BUSINESS AND GOVERNMENT CONFERENCE January, 2014 George Harben, CEcD, CCR Director of Existing Business Prince William County Dept. of Economic Development

2. Prince William County - Snapshot “Prince William County likes to give companies the treatment and it shows.” --CNN Money • Population / Workforce • Population: 419,577 (Sep. 2013) • Labor force: 230,725 (August 2013) • At-place employment: 114,273 (Q1 2013) • Unemployment : 4.7% (August 2013) • Median Household Income: $93,744 • Adults w/ College Degree: 41% • 10-Year Growth Trends • Avg. of 2,500 jobs added annually • 45% business growth • 25% at-place job growth • 30% growth in avg. weekly wages • 59% growth in CRE inventory • Accolades • AAA bond rating from all three rating agencies • 12th wealthiest County in the nation by median household income • One of the 100 Best Communities for Young People for the third year in a row according to America’s Promise Alliance • Named to CNN Money’s “Where the Jobs Are” four of the last five years

3. Business Proposition • Workforce Center of Northern Virginia • 75% of Northern Virginia’s 1.5 million workers are within a 30-minute one-way commute to the center of Prince William County during rush hour • Rapidly growing, highly-skilled labor force • Transportation & Accessibility • Two interstates (I-66 / I-95), HOT and HOV lane access and robust intra-county road system • 7 VRE stops on two rail lines • Quick access to Dulles International, Reagan National and Manassas Regional Airports • Federal Market Access • I-95 Corridor bookended by Marine Corps Base Quantico to the south and Ft. Belvoir to the north • Home to over 170 federal contractors • Versatile and Cost-effective Location Options • Cost competitive in the National Capital Region • Existing office, flex, industrial and data center facilities • Available large acreage sites for development

4. DED Services to Industry • Customized and confidential assistance based on the needs of the company executive team • Comprehensive site and/or building selection assistance • Permitting and site plan guidance • Clearinghouse for internal and external data sources and information • Identification of local resources for training, employee identification, financing, business development, and procurement • Identification of state and federal programs for financing, exporting, incentives, and regional/state procurement • Provide demographic and economic data

5. Targeted Industries • Federal agencies and contractors • Information technology • Biotechnology • Corporate facilities • Micro-electronics • Other high-tech industries

6. Federal Agencies & Contractors • Prince William Advantages • expedited development process • targeted industry status • bookended by Marine Corps Base Quantico to the south and Ft. Belvoir to the north • access to federal facilities and prime contractors • access to employees • Economic Development Announcements • 101 announcements • $324 million in investment • 3,655 new jobs

7. Strategic Plan Charge • Strategic Plan Charge • Attract Capital Investment to diversify the economic base, ease the residential tax burden and catalyze economic growth. • Attract High-quality Jobs that match the educational and skill profile of the PWC workforce to increase at-place employment opportunities for the residents of PWC. • Board-adopted Tactics • Support expansion of County businesses • Attract new targeted businesses to generate capital investment and new jobs • Promote high-quality mixed-use development, especially in revitalization areas • Accelerate collaboration with educational institutions

8. Prince William County Department of Economic Development George N. Harben Director of Existing Business PwcEconDev.org | 703-792-5507 gharben@pwcgov.org Follow us on Twitter @PWCDED Sign-up for our Newsletter at www.PwcEconDev.org