why williamson
DESCRIPTION
The Business Case for Williamson County, TNTRANSCRIPT
305 Public Square, Suite 214Franklin, TN 37064
Matt Largen, Director615.261.2880
[email protected]/MattLargen
THE BUSINESS CASE FOR WILLIAMSON COUNTY, TENNESSEE
“MedSolutions has benefitted significantly from the decision to base our operations in what we consider the heart of our nation’s healthcare capital. As home to a growing and vibrant business community, Williamson County offers our company the chance to collaborate with other industry leaders while providing employees with rich quality of life.”
Curt Thorne, President & CEO of MedSolutions, Inc.
Williamson County
Nashville, TN
AccessibleEasy access to east coast population centers
• A day’s drive from 75% of the U.S.
• Interstate 65 and Highway 840 run through Williamson County
• I-40 and I-24 surround and connect creating a grid for easy accessibility and transportation
• 30 minutes from Nashville International Airport serving 48 non-stop markets per day
AccessibleEasy access via non-stops at Nashville International
• 12 air carriers• 48 non-stops markets• 88 direct-served markets• 400 flights per day• 10 million passengers per year• Live music in terminal
Airport CityCode Name
ATL AtlantaAUS AustinBWI BaltimoreBHM BirminghamBOS BostonCUN Cancun (seasonal)CLT CharlotteMDW Chicago MidwayORD Chicago O’HareCVG CincinnatiCLE ClevelandCMH ColumbusDFW Dallas/Ft WorthDEN DenverDTW DetroitFLL Ft. LauderdaleBDL HartfordHOU Houston HobbyIAH Houston IntercontinentalJAX JacksonvilleMCI Kansas CityLAS Las VegasLAX Los AngelesMEM Memphis
Airport City Code Name
MIA MiamiMKE MilwaukeeMSP Minneapolis/St. PaulMSY New OrleansEWR New York Newark LibertyJFK New York JFKLGA New York LaGuardiaOAK OaklandONT Los Angeles OntarioMCO OrlandoPHL PhiladelphiaPHX PhoenixPIT PittsburghPVD ProvidenceRDU Raleigh/DurhamSLC Salt Lake CitySAT San AntonioSAN San DiegoSEA SeattleSTL St. LouisTPA TampaYYZ TorontoDCA Washington ReaganIAD Washington Dulles
Nashville International Airport Non Stop Markets
Williamson County
Nashville, TN
AffordableACCRA Cost of Living Index 3rd Quarter 2012
US Average
DynamicFastest growing county in TN
1990 Census
2000 Census
2010 Census
2015 Projection
Total Population
81,020126,63
8183,182 215,891
Total Households
27,927 44,725 64,886 76,341
Source: US Census Bureau, 2010
0
50,000
100,000
150,000
200,000
250,000
1990Census
2000Census
2010Census
2015Projection
Total Population Total Households
0
0.5
1
1.5
2
2.5
3
3.5
4
Population Households Families OwnerOccupiedHomes
MedianHousehold
Income
Williamson County
Tennessee
United States
Continued DynamismProjections above state and US averages
Projected 2010-2015 Annual Growth by Percentage
Source: ESRI Business Analyst Projections, 2011
Nashville Region
Williamson County
Labor force 828,970Unemployment rate 6.4%
Labor force 95,650Unemployment rate 5.2%
TennesseeLabor force 3,103,400Unemployment rate 7.6%
Source: Tennessee Department of Labor and Workforce Development, September 2012
TalentRates consistently below region & state average
Source: Tennessee Department of Economic and Community Development Research
TalentHistorically outperformed state and US
TalentGrowth through in-migration
Source: Internal Revenue Service, 2009
50% of financial service workforce From Tampa, FL, 2008
82% of workforceFrom Los Angeles, 2006
42% of workforce80% of executives From Los Angeles, 2005
% of workforce that chose to relocate
Transfer AppealProven record of relocating talent
45% of IT workforce From Charlottesville, VA, 2012
90% of IT workforce From Lansing, MI, 2012
US TN WilliamsonCounty
EDUCATIONAL ATTAINMENTPopulation 25 years and over Associate's degree or higher 35.7% 29.3% 59.3%
Talent and Public EducationFar outperforms state and US
2006 2007 2008 2009 2010 20112012
Williamson Co 91.0 93.4 93.8 95.3 93.9 91.892.2
Tennessee 80.7 81.8 82.2 82.2 86.1 85.5 87.2
2006-2012 High School Graduation Rate
Public EducationRising standardized test scores
Williamson County Schools Average ACT Scores (2010-2012 Graduating Classes)
Note: 100% of students in Williamson Schools takes the ACT, even if they are not college bound
Public Education#1 priority and #1 differentiator
Source: Newsweek 2012
America’s Best High Schools 2012
Newsweek picks the best high schools in the country based on how hard school staffs work to challenge students with advanced placement college-level courses and tests. Just over 1600 schools—only six percent of all the public schools in the U.S.—made the list.
• Brentwood High School
• Ravenwood High School
• Franklin High School
• Page High School
4 schools in Williamson County were listed on Newsweek's Best High Schools list, more than any other county in Tennessee
TalentPipeline of future employees
Source: 2010 enrollment data
24 colleges and universities with 88,398 students8 community colleges with 32,103 students14 career colleges with 9,095 students
129,596 students currently enrolled in the Nashville region
+
Employer of ChoiceEvidence of strong applicant pool
Received 40,000 applications for 700 jobs in 2005
Received 4,000 applications before they posted a single job in 2010
Since 2000
Employment Growth
Population Growth
Unemployment RateLOW
Corporate relocations, growth of existing industry, & entrepreneurial dynamism
TalentSigns of sustained economic strength
“Jackson looked at a variety of different communities to open a regional headquarters office. We ultimately selected Williamson County because of the strong talent pool due to its proximity to nationally recognized academic institutions, the quality of life the area offers our employees, and most of all the welcoming spirit of the local community. We couldn’t be happier with our decision.”
Mike Wells, President & CEO of Jackson National Life Insurance
Economic DiversityRisk is minimized through balance of sectors
Source: U.S. Bureau of Labor Statistics, 2011
Employment Distribution, US vs. Williamson County
US Williamson Co.
Sector GrowthSignificant growth in management subsector
Source: Nashville Business Journal, June 2012http://www.bizjournals.com/nashville/print-edition/2012/06/08/williamson-countys-growth.html?s=image_gallery
Corporate ImageOver 200 companies with corporate functions
Top 25 Largest Private Sector Employers
COMPANY NAMELOCAL
EMPLOYEES DESCRIPTION OF OPERATION
Community Health Systems Inc. 4500 Operator of non-urban general acute care hospitals
Nissan Americas 1600 Automotive corporate headquarters for North and South America
Williamson Medical Center 1412 County-owned hospital
HCA 1400 Patient accounting service center and physician services
Verizon Wireless 1300 Tennessee state headquarters for wireless carrier
Comdata Corporation 890 Transaction process solutions including payroll services
Ford Motor Credit 800 Customer care center for finance department
United Health Group (formerly AIM HealthCare Services) 750 Claims resolution and healthcare information management
Mars Petcare US 750 Headquarters for private label dry & semi-moist pet food co.
Lee Company 700 Integrated facility solutions; commercial & residential
MedSolutions Inc. 692 Radiology management products
Tractor Supply Company 664 Owns and operates retail farm and ranch stores
Affinion Group 650 Designs and markets customer engagement and loyalty solutions
Healthways 600 Proactive custom health & care plans
Vanderbilt Medical Group 500 Physician services
AT&T 500 Disaster recovery center, call center, and retail stores
DaVita 455 Billing office for company that provides dialysis services
Brookdale Senior Living 450 National senior living and health care provider
LifePoint Hospitals 415 Operates hospitals in non-urban areas
Lasko Metal Products Inc. 360 Manufacturer of fans, humidifiers and heaters
Ozburn-Hessey Logistics 345 Provider of global supply chain management solutions
The Lampo Group (Dave Ramsey) 340 Financial seminars, radio show, television show, and web
Lattimore Black Morgan & Cain 270 Professional services organization
Jackson National Life Insurance Company 260 Offers variable, fixed and fixed index annuities, and institutional products
Apcom, Inc. 250 Divisional headquarters & drain valves, testing elements thermostats
For a complete list of major employers by sector, please visit:http://williamsonprospers.com/why-williamson/look-whos-here/
Low cost of doing business
Local property tax rate ranges from $2.31 to $3.60 per $100 of assessed value
3rd lowest county tax rate in Nashville region Ranks below the average Tennessee county tax rate No state income tax$
CredentialsConsistently ranked near the top
CredentialsBusiness friendly
3 of top 5 are from Williamson County, including #1 and #2
CredentialsConsistently ranked near the top
One of the Best Cities for Startups
1. Boulder, CO2. Boca Raton, FL3. Santa Monica, CA4. Bend, OR5. Irvine, CA
6. Cambridge, MA7. Bellevue, WA8. Franklin, TN9. San Francisco, CA10. Rockville, MD
Ranking by: ZoomProspector.com and Bloomberg Businessweek 2010
CredentialsConsistently ranked near the top
Healthiest County in Tennessee
Source: 2012 County Health Rankings & Roadmapshttp://www.countyhealthrankings.org/app/tennessee/2012/williamson/county/1/overall
Health Outcomes 1Mortality 1Morbidity 1
Heath FactorsHealth Behaviors 1Clinical Care 1Social & Economic Factors 1Physical Environment 7
How do Williamson County residents feel?
2012 data for Williamson Co, TN
Start-up activityHealthy culture of entrepreneurship
24% of the fastest growing private companies in Tennessee from the
2012 Inc. 500║5000 are in Williamson County
The home for business
12 of the 25 largest publicly traded companies in the Nashville region call
Williamson County home, including #1-#5
and 7 of the top 10
Who has grown jobs in Nashville?
Nashville Region County % Employment Growth, 2007-2011
Nashville Region = 4.3%
2011 Where the jobs are
Source: Money.com “Where the jobs are”, 2011
2012 The jobs are still coming here
Source: Money.com “Where the jobs are”, 2012
“Moving the headquarters and the sales and marketing organization [to Williamson County, TN in 2006], I think, was a significant competitive advantage for Nissan. Our results speak volumes as to whether it was the right decision. Our market share has grown significantly, and I attribute a big part of our success and our potential to the fact that we are located here.“
Bill Krueger, Vice Chairman of Nissan Americas
305 Public Square, Suite 214Franklin, TN 37064
Matt Largen, Director615.261.2880
[email protected]/MattLargen