8TH ANNUAL SMALL BUSINESS AND
GOVERNMENT CONFERENCE
January, 2014
George Harben, CEcD, CCR
Director of Existing Business
Prince William County Dept. of Economic Development
Prince William County - Snapshot
“Prince William County likes to give companies the treatment
and it shows.” --CNN Money
Population / Workforce
10-Year Growth Trends
• Population: 419,577 (Sep. 2013)
• Avg. of 2,500 jobs added annually
• Labor force: 230,725 (August 2013)
• 45% business growth
• At-place employment: 114,273 (Q1 2013)
• 25% at-place job growth
• Unemployment : 4.7% (August 2013)
• 30% growth in avg. weekly wages
• Median Household Income: $93,744
• 59% growth in CRE inventory
• Adults w/ College Degree: 41%
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
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
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
Targeted Industries
• Federal agencies and
contractors
• Information technology
• Biotechnology
• Corporate facilities
• Micro-electronics
• Other high-tech industries
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
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
Prince William County Department of Economic Development
George N. Harben
Director of Existing Business
PwcEconDev.org | 703-792-5507
gharben@pwcgov.org
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