Stafford County

Overview

October 16, 2014

Accessibility

• 25 miles south of Washington Capital

Beltway

• 50 miles north of Richmond, VA

• Within 1 day drive of ½ of the

nation’s population

• Located along I-95 with 4 interstate

interchanges

Source: www.gostaffordva.com – Stafford County Department of Economic Development 2

Accessibility

• Major airports of Dulles, Reagan National,

Baltimore Washington International, and

Richmond are as close as 45 minutes

• Stafford Regional Airport serves as a

general aviation airport, and a reliever to

Reagan National and Dulles airports.

• East Coast’s primary North-South

passenger rail line bisects Stafford

• Virginia Railway Express (VRE) provides

commuter service to Washington DC

– VRE’s Fredericksburg Line serves an approximately 2.5 million riders annually

– Two station stops in Stafford

Source: www.gostaffordva.com – Stafford County Department of Economic Development 3

Population Growth

Source: US Census Bureau Population Estimates

Stafford’s current population is 134,352 and since 2008 Stafford County’s average

annual population growth has been 1.6%.

1.6%

1.5%

1.0%

0.7%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

2008 2009 2010 2011 2012

Stafford Washington-Arlington-Alexandria, DC-VA-MD-WV MSA Virginia National

4

Residential Growth

5

New Residential Building Permits Issued

2009 2010 2011 2012 2013 2Q2014

Townhomes 72 131 115 84 * 16

Multi Family 10 0 32 81 174 78

Single Family 442 415 319 475 830 409

Total 524 546 466 640 1004 514

New Construction

Embrey Mills – 1,800+

Celebrate Virginia – 800+

Westlake – 700+

Stafford Lakes 400+

Hills of Aquia - 268

Rappahannock Landing – 150+

Whitson Woods – 55

Westgate – 51

Proposed :

George Washington Village - 2,500 unit mixed use

Sherwood Forest – 1,100 acres

*included in Single Family Homes

Low Unemployment Rate

Stafford County’s unemployment rates have been consistently below the national,

regional and Commonwealth levels over the past 5 years.

4.4%

7.1%

5.2%

5.2%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%

2008 2009 2010 2011 2012 Mar-13

Stafford National Virginia Washington-Arlington-Alexandria, DC-VA-MD-WV MSA

Source: LAUS Unit and Bureau of Labor Statistics

Data not Seasonally adjusted

6

Median Household Income

7

According to the 2012 American Community Survey, Stafford is the 13th wealthiest county in the

Nation with a Median HHI of $96,141 and is ranks 5th in the region for median family income.

Over $3.2 Billion of disposable income

Stafford’s Median Household Income

has consistently outperformed the

Washington D.C. MSA, Virginia and the

United States

Stafford County $108,392

Fairfax County $124,831

Howard County $125,152

Loudoun County $127,192

Arlington County $137,216

Median Family Income

Growing At-Place Employment

8

34,853

35,595

37,285

38,207

39,675

32,000

33,000

34,000

35,000

36,000

37,000

38,000

39,000

40,000

41,000

2009 2010 2011 2012 2013

3,8%

4,7%

2.5%

2,1%

Economic Development

Proactive Approaches to Economic

Development in Stafford

• Economic Development 10 Point Plan

• Opened Stafford Technology and

Research Center

• Five new hotels have opened since 2008

and two are under construction

• 3,000 jobs in the new 700,000 sq. ft.

Russell-Knox Building on Quantico

• Retail Attraction

• Data Center Pursuit

More than 425,000 square feet of

new commercial space has been or

will be completed in 2013 and 2014.

9

Stafford County: Commitment to Growth

$1 Billion in New Infrastructure

• I-95 Express Lanes open December 2014

• I-95/ Route 630: New $150 million interchange at Courthouse/Hospital

Redevelopment Area

• US Route 1 Widening at Telegraph Road – Boswells Corner

• US Route 17 Widening at I-95 – Southern Gateway

• New Lake Mooney Reservoir completed and filling to 5 billion gallons

• Dark Fiber Link from Ashburn to Stafford – Excess capacity for Commonwealth

Cyber Highway

• County Investment in Stafford County Technology & Research Park land parcel

• Stafford County Regional Airport – New Terminal and Future Expansion

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Economic Development 10-Point Plan

• Development of a One Stop

Permit Center (accomplished)

• Reduction of business regulation

and taxes (BPOL, aircraft, boat,

machinery and tools taxes

eliminated)

• Creation of a better business

climate in the County (New Permitting

Center, Hansen 8 Software, pursuit

and repeal of business stifling

regulations)

The 10-Point plan focuses on the

following significant economic

development priorities:

The effects of the plan’s

implementation are already apparent,

and include the following:

• Business revenue up!

• 5th in Virginia in job growth over the

past 5 years

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Agriculture, Forestry, Fishing and Hunting0.04%

Construction7.08%

Manufacturing2.18%

Wholesale Trade4.89%

Retail Trade13.44%

Transportation and Warehousing2.84%

Information1.07%

Real Estate and Rental and Leasing0.96%

Professional, Scientific, and

Technical Servi8.70%

Management of Companies and Enterprises

0.26%Administrative and Support

and Waste Manageme3.75%

Educational Services14.74%

Health Care and Social Assistance

9.33%

Arts, Entertainment, and Recreation

2.04%

Accommodation and Food Services10.22%

Other Services (except Public Administration)

4.32%

Public Administration14.14%

Source: Labor Market Statistics, Covered Employment and Wages Program

Diverse Employment Base

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Hospitality

• 5 new hotels since 2008

• 475 new rooms since 2008

• 41 new restaurants over past 5 years

Tourism

• Over 250,000 visitors to special events and attractions annually

• George Washington's Boyhood Home at Ferry Farm

• NPS Fredericksburg & Spotsylvania National Battlefield Park HQ at Chatham Manor

• Wineries, Golf, Marinas

Hospitality and Tourism

13

Marine Corps Base Quantico

Law Enforcement Capital of the World

• Base extends over portions of 3 localities,

including approximately 25 square miles in Stafford

• More than 30 permanent business tenants on Base including:

• Marine Corps University

• Marine Corps Systems Command

• Marine Corps Helicopter Squadron

• Drug Enforcement Administration

• Navy Criminal Investigative Service (NCIS)

• Joint Non-Lethal Weapons Directorate

• Marine Corps Network Operations

• $300 million, 700,000 SF Military Investigative HQ Facility that houses new BRAC employees

Source: Stafford County Department of Economic Development Authority 2010 Annual Report and Marine Corps

Base Quantico Business Performance Office, Economic Impact Analysis, 2012

Economic Impact of Quantico Military Base BRAC Expansion on Stafford County

Direct Ripple Effect Total Impact

Employment 18,530 27,960 49,490

Spending (Billions) $1.7 $4.2 $5.9

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Law Enforcement Capital of the World

• The FBI continues to be

a major contributor to the

regional economy

• The FBI has leased an

additional 250,000

square feet in Stafford

since 2008 and are now

located in at least 7

different leased locations off Quantico in the community

• With 2,500 employees in Stafford on and off Quantico, Stafford has

arguably the highest concentration of FBI employees in the world –

outside of the J. Edgar Hoover Building in Washington

15

Stafford’s Defense Technology Community

16

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Silver Cos. and SummitIG partner to deliver new bandwidth

|“The dark fiber will provide virtually unlimited connectivity to

tenants at QCC. Our unique offering between passes through the

heart of Stafford County and presents an opportunity to empower

and support the growth of companies located within the region,”

Bill Cook, CEO of SummitIG.

The infrastructure is being designed to support other strategic

facilities nearby, including an adjacent tract of land recently

purchased by Stafford County for the development of a

technology and research park initiative.

.

Dark Fiber expands from

Ashburn

DoD Funding Reductions

Source: Stephen S. Fuller, Ph.D.; Dwight Schar Faculty Chair and University Professor Director, Center for Regional

Analysis; George Mason University

• Federal Procurement Outlays declined 8.4% between FY 2010 and FY 2012, and Federal

employment has declined since peaking in July 2010, losing 8,700 jobs or 2.25%.

• However, Fredericksburg Regional DoD Budget Reductions have stabilized, remain so moving

forward

32,000

33,000

34,000

35,000

36,000

37,000

38,000

39,000

$-

$200.0

$400.0

$600.0

$800.0

$1,000.0

$1,200.0

$1,400.0

$1,600.0

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DoD Budget At-Place Employment

18

Planning for the Future

Planning for the Future

20

• The County adopts the Marine Corps Base Quantico Joint Land Use

Study (JLUS) in June 2014

- Joint pursuit of federal investment opportunities to mitigate the negative effects of

Sequestration

- Strengthen relationships between the County and Quantico by working to prevent

land-use conflict

• Diversify the County’s economy

with a stronger focus on retail

attraction

• Pursuit of workforce development providers

to build a more diverse workforce into the future– The EDA incentivized Germanna Community College to open both an academic

center and an automotive training center

Germanna is pursuing a new campus in the Courthouse Redevelopment Area

– University of Maryland University College, George Mason University, and University

of Mary Washington opened new locations in Stafford

Stafford Technology and Research Center

• Center opened on September 6, 2012

• Coordination with Association of

University Research Parks (AURP)

continues

• Conducive to technology-oriented

business growth

• New Strategic Plan in progress

• Educational opportunities at University of

Mary Washington, Germanna Community

College, George Mason University,

University of Maryland University College

(UMUC) among others

21

Infrastructure

• HOT Lanes under construction, will connect express lanes from Stafford to

Washington Beltway and opens in 2014

• Numerous road projects are moving forward

22

Stafford dedicates largest public works project in its history

Reservoir Creates Northern Virginia’s Newest Lake

23

Lake Mooney Reservoir

Data Center Initiative: The Selected Properties

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A safer, less congested,

and less costly alternative

Sites: Power, fiber and

water are abundant and

affordable

Retail Attraction Initiative

• The Riddle Company created new Retail Marketing & Attraction Study

for Stafford County VA in 2012– New Retail focused brochure, demographic reports, and trade areas

• 2013 - 2014 Outreach:– Attendance at International Council of Shopping Centers (ICSC) events

– Media: Marketing Stafford as a strong consumer market to select retail chains

– Participation in site selection, developer, and retailer focused one-on-one meetings

– Results:

• Walgreens (2) CVS Panera Bread

• Goodyear Tire Merchant Tire Dunkin Donuts

• Town Center @ Aquia Chipotle Sonic

• Anytime Fitness (2) New announcements soon!

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Redevelopment – Boswell’s Corner

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Redevelopment – Courthouse Area

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Redevelopment – Southern Gateway

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Redevelopment - Falmouth Village

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Fiscal Policies

30

Questions?

For more information:

gostaffordva.com

Rick Cobert

rcobert@staffordcountyva.gov

(540)658-8681