View
1.193
Download
6
Category
Tags:
Preview:
DESCRIPTION
Program overview and recent news from Chesterfield Economic Development
Citation preview
1
Chesterfield Economic Development
News You Can Use
March 2009
2
Chesterfield Economic Development
The Object of the Program
To enhance the economic vitality of Chesterfield County by attracting and retaining business capital investment and new jobs.
County Strategic Goal
To Be the First Choice Business Community
3
Cost of Services More Than Taxes PaidChesterfield County
The average Chesterfield household pays only 50.4% of the cost of providing county
services to that home.Cost of Services$4,794per Household
Shortfall$2,377per Household
Taxes Paid$2,417per Household
Shortfall covered by: Local taxes paid by businesses, transfers from VA & US, fees for services. (Source: Budget & Management FY2005 General Fund)
4
Gateways
4
Watkins CentreCloverleaf
Powhite Parkway
Chesterfield Airport
Meadowville
Route 360
Walthall
Route 1 & 150Route 895
5
Target Marketing SectorsOffice — Corporate headquarters and finance, securities and insurance firms
Life sciences — R&D and pharmaceutical manufacturing
Information technology — Data and digital communications
Advanced materials — Materials and chemical manufacturing
Advanced manufacturing — Highly automated technology driven manufacturing
Wholesale, distribution and logistics — Food and non-food products
Aviation — Manufacturing and service companies
Retail — Market to unique developments
6
Areas for Office Target
6
Koger Center
Watkins CentreCenterPointe
The Boulders
Gateway Center
The Arboretum
Centre Court
Waterford Moorefield
Meadowville
7
Areas for Life Sciences Target
7
Watkins Centre
Meadowville
8
Areas for Information Technology Target
8
Koger Center
Watkins CentreCenterPointe
The Boulders
Gateway Center
The Arboretum
Centre Court
Waterford Moorefield
Meadowville
River’s Bend
9
Areas for Advanced Materials Target
9
James River
Meadowville
10
Areas for Advanced Manufacturing Target
10
Watkins Centre
Meadowville
James River
Airport Ind. Park
Walthall Area
11
Areas for Distribution & Logistics Target
11
Meadowville
James River
Walthall Area
Watkins Centre
12
Areas for Aviation Target
12
Airport Ind. Park
13
Areas for Retail Target
13
Watkins Centre
Airport Area
Chesterfield Towne Center
Cloverleaf Area
Route 1 Corridor
Meadowville Area
14
Recent Deals2008
15
SportsQuestWaterford Business Center $25 million Phase 1 ~ $40 million Phase 2 ~ $35 million Phase 3
16
Sabra Dipping CompanyRuffin Mill Industrial Park$59.3 million ~ 110,000 square feet ~ 260 employees
17
Electronic Precision TechnologyRiver's Bend Center $5 million ~ 46,300 square feet ~ 50 employees
18
PoseidonChippenham Crossing$8 million ~ 34 acre site
19
Blue Print AutomationAppomattox Industrial Center $1.5+ million ~ 30,000 square feet
20
Ace RecyclingSustainability Park$6 million ~ 69,000 square feet ~ 30 employees
21
Mazda Motor CorporationEnterchange @ Walthall $1.6 million ~ 133,000 square feet ~ 20 employees
22
GlaxoSmithKlineEnterchange @ Walthall$2.27 million ~ 262,000 square feet ~ 45 employees
23
Developments2008
24
Watkins Centre
Village Bank building
33,000 of 72,000 square feet available
25
Watkins Centre
Westchester I building
17,003 of 56,810 square feet available
26
Stonebridge
New Urbanism
300,000 SF Retail & Office
500 Residential Units
Crosland
27
Stonebridge
27
28
Meadowville Technology Park
I-295 Interchange
Founders’ Building
29
James River Industrial Center
I-3 zoning
Rail access
Abundant power
Abundant water and sewer
I-95 access
Next to UPS
30
Numbers
Jobs in Chesterfield
121,942 jobs as of June 2008
Increase of 10,637 since 2003
Businesses in Chesterfield
7,423 businesses as of June 2008
Increase of 1,021 since 2003
Value of New Commercial Construction
31
Economic Development Results in 2008
New Announced Investment: $138.3 million
Announced New Facilities: 11 projects
Announced Expansions: 6 projects
Announced New Jobs: 668
Existing Industry Calls: 111
Active Prospects: 127
32
Snapshot Comparison 2007 to 2008
Investment up $82.95 million or 150%
Announced new jobs up 30%
Existing industry calls up 78%
Active prospects up 32%
33
Existing Industry Success Story
Business First Chesterfield
Premier Pet Products teamed with Scratch & Newton from UK
34
Marketing Initiatives2007-2008
35
Branding Campaign Billboards Radio
Print Web
36
ChesterfieldBusiness.com
36
37
Future Marketing Efforts
Search engine targeted marketing
Trade shows in targeted markets
Marketing missions to targeted areas
Utilize existing industry ambassadors
38
Business Starts Here
Recommended