Story Ideas

• The Richmond, Virginia region is the headquarters to 10 Fortune 1000 companies (Altria, Performance Food Group, CarMax, Dominion Energy, Owens and Minor, Genworth Financial, Markel Insurance, Brink’s, NewMarket and Universal) and major divisional headquarters (McKesson Medical-Surgical, CoStar, SunTrust Mortgage, UPS Freight, Allianz Worldwide Partners) or major operations (Capital One). For a mid-size MSA with a population of 1.3 million, we’re punching above our weight class here.

• Companies are selecting mid-sized MSAs like Greater Richmond, Virginia, over higher cost larger cities. Companies can easily hire or recruit equitable talent at a fraction of the cost as salaries here are 20 percent less on average and real estate costs nearly one-third than major metros in the Northeast.

• Greater Richmond, Virginia, is a top spot for attracting Millennial workers. The region was named the #2 location the most Millennials are moving to (Time). Millennials can afford to live alone here more than any other U.S. city (Zillow). They’re choosing to work at places like CoStar’s new Global Research Headquarters, AvePoint and ICMA-RC where they’re able to bike and walk to work.

• The Richmond, Virginia, region is gaining 19,600 new residents annually with an average age of 26. This is bucking a decline in population growth elsewhere in Virginia. Nearly half (48 percent) are coming from these locations – Washington, D.C.; New York, NY; Baltimore, MD; Charlottesville, VA (home of the University of Virginia); and Virginia Beach, VA.

• International companies are finding success in the Richmond, Virginia region, causing the region to be named the top mid-sized city in the U.S. for foreign direct investment by fDi Magazine along with top rankings for economic potential and business friendliness. Recent international company investments include Polykon Manufacturing, Erodex Ltd, and Pryor Marking Company joining the likes of Allianz Worldwide Partners, Rolls-Royce and Sabra Dipping Company, who operates the largest hummus production facility in the world.

• Virginia Commonwealth University recently received $21.5 million grant from the National Institutes of Health for translational research at the C. Kenneth and Dianne Wright Center for Clinical and Translational Research for treatments of cardiac and pulmonary diseases as well as addiction. This is the latest funding for the university which receives $275 million in funding and has been named as a university “highest research activity” by the Carnegie Foundation. VCU has received $40 million from the Bill and Melinda Gates Foundation for the Medicines for All Institute designed to ‘reinvent how drugs are produced’ and lower the cost of lifesaving medications.

• There are new infrastructure investments at Richmond Marine Terminal (operated by The Port of Virginia, the only east coast port with natural 55-foot depth channels), as well as a new spec development is adding value to the corridor along Interstate 95. Brother International recently leased 460,000 SF in the new Virginia I-95 Logistics Center. The Center is now building an additional 460,000 SF to mirror the distribution operation. Just down the road from the Center, the Deepwater Industrial Park is in the middle of redevelopment.

• 1717 Innovation Center, a six-story, 42,000-square-foot building, recently opened inside an extensively renovated former tobacco warehouse. The Capitol One-backed Innovation Center will serve as an incubator for as many as 50 startup businesses at a time, providing space along with mentoring, leadership programs, and community events and conferences. Capital One, the Richmond Region’s largest private employer with more than 10,000 local workers, has invested in the incubator as part of its Future Edge initiative, a five-year, $150 million grant program aimed at supporting entrepreneurs, workforce training and financial education in the communities where the company has operations.

• “The quickest way to fix our health problem is to fix our food problem.” -- Shane Emmett, CEO of Health Warrior. Health Warrior, which produces superfood bars from chia and pumpkin seeds, was recently purchased by PepsiCo and joins its Hive nutritional cohort. Another Greater Richmond-based company, Nutriati, developed a way to make flour and protein concentrate from chickpeas, and the company has been working for several years to commercialize its products into what the company’s co-founder and CEO Richard Kelly calls a “game changer” in the marketplace for allergy-free, low-calorie, high-nutrient food ingredients.

Why Richmond?

Richmond, Virginia, has a central place in America's history. It was here that the nation's founding fathers were inspired to set into motion the creation of our country. We’re one of America's oldest cities yet we’re tops in attracting the sought-after millennial workforce, in large part thanks to our robust higher education institutions. Companies from across the globe are attracted to the Richmond region, much like the ten Fortune 1000 companies headquartered here. And there are many others with a major presence or divisional headquarters. Over the last five years, Richmond has had the highest job growth rate in the Commonwealth with the population migration to match. Here are just a few of the reasons why companies and workforce are selecting Richmond, Va. for expansion or relocation.

Strategic geography located at the mid-point of the east coast. Richmond, Va. is ideal for companies looking for strong infrastructure network of roads (I-95, I-64, I-85), ports (the Richmond Marine Terminal connects to the Port of Virginia, one of the nation’s largest seaports), air (Richmond International Airport – named one of the most efficient in North America) and rail (only place in the U.S. where three Class I railroads cross above ground at the same location). Simply put, it’s easy to move goods and people to, through and within Greater Richmond. More than 45 percent of the nation’s population can be accessed within a one-day drive. And living here, you’re less than two hours from both the beach and the mountains or our nation’s capital, providing a vast selection of day trip options.

Top spot for attracting millenial workforce in addition to existing highly educated talent in the region. Wall Street Journal says Richmond has the 6th highest concentration of millennial workers and Time put Richmond as the second metro where the most millennials are moving. Zillow said that millennials can afford to live alone here moreso than any other major U.S. city. Over 36 percent of our existing workforce of 670,000+ holds at least a bachelor’s degree (in comparison to the national average of 31.8 percent). Within 150 miles, there are more than 1.6 million higher education students in the workforce pipeline, meaning that companies can recruit any level of required skill for years to come. Local colleges are willing to partner with companies to address needs with the Community College Workforce Alliance partnering with skills credentials.

Northernmost right-to-work state in the south with low cost of living, low levels of unionization and stable business environment. Fortune 500 companies are headquartered here and household brands operate major divisions in Greater Richmond. Virginia ranks as the #2 state for regulatory environment according to Forbes Best States for Business. Richmond is less than two hours from Washington, D.C. by car or train, yet there is a major cost of living differential (Richmond is 36% less expensive) not to mention it’s easier to get around here (Richmond is the least congested large city in the nation whereas D.C. is the most congested urban area). It’s no wonder why so many international companies (200+) find the Richmond region an easy market in which to enter the U.S. Capital city ripe with fine arts and culture, best street art in the world and top foodie accolades. As the capital of the Commonwealth of Virginia, Richmond is home to world-class museums like the newly opened Virginia Commonwealth University’s Institute for Contemporary Art (called one of the most anticipated buildings of 2018 by Architectural Digest) as well as the Virginia Museum of Fine Arts (one of the largest and most comprehensive museums in the country), Richmond Symphony (one of the nation’s leading orchestras), and Richmond Ballet, to name just a few. We’ve been named a top foodie city by Southern Living and Garden & Gun and are home to 11 James Beard nominees and/or finalists. Greater Richmond is also home to a burgeoning beverage scene with 20+ craft breweries, not including cideries, distilleries and wineries in the region.

Living an active, healthy lifestyle is easy in Richmond. We don’t just sit back and watch sports here, we get in the game. We’ve been named one of the nation’s healthiest cities and are one of the best running cities in the country according to Runner’s World. At the center of much of the active lifestyle in the region is the James River with kayaking, canoeing and the only class IV (not for the faint of heart!) rapids in an urban center in the country.

GlaxoSmithKline, a leading global healthcare company, will invest $16.7 million to expand its existing consumer research and development center in the City of Richmond. The expansion will add approximately 150 new jobs to the region and will serve as one of three consumer healthcare labs in the world for GSK.

International companies are finding success in the Richmond, Virginia region, causing the region to be named one of the top mid-sized cities in the U.S. for foreign direct investment by fDi Magazine along with top rankings for economic potential and business friendliness. Recent international company investments include GlaxoSmithKline Consumer Healthcare, Cartograf, ERNI Electronics, and CameraMatics joining the likes of Allianz Global Assistance, Rolls-Royce and Sabra Dipping Company.

There are new infrastructure investments at Richmond Marine Terminal, operated by The Port of Virginia, which o�ers the only east coast port with natural 55-foot depth channels. A few miles from the Terminal at the interchange of Interstate 95, the Deepwater Industrial Park is being redeveloped. Once completed, the park will feature up to 1.5 million square feet of build-to-suit, high-bay warehousing.

Facebook plans to add a second billion-dollar phase to the project. The multi-building development will connect to the MAREA trans-Atlantic fiber cable. Facebook’s announcement adds to the region’s data center cache which already includes facilities by QTS, Capital One and Peak10. Both Henrico and Chesterfield counties have reduced their data center tax rates to $0.40 per $100 and $0.24 per $100, respectively.

Major Happenings

International companies are finding success in the Richmond, Virginia region, causing the region to be named one of the top mid-sized cities in the U.S. for

Major Happenings

$310is granted annually to

Virginia Commonwealth University in sponsored

research, earning VCU the ‘Highest Research Activity’

designation by the Carnegie Foundation. This includes funding from the Bill and

Melinda Gates Foundation to reinvent how drugs

are produced.

A Top Mid-Size City for Foreign Direct

Investment

MILLION

11/19

901 East Byrd Street | Suite 801 | Richmond, Virginia USA 23219 | 804-643-3227 | grpva.com

11/19

901 East Byrd Street | Suite 801 | Richmond, Virginia USA 23219 | 804-643-3227

The Capital One-backed 1717 Innovation Centerserves as an incubator for as many as 50 startup businesses at a time, providing o�ce space along with mentoring, leadership, and community events and conferences for entrepreneurial programs Startup Virginia and Lighthouse Labs. Capital One, the Richmond Region’s largest private employer with more than 10,000 local workers, has invested in the incubator as part of its Future Edge initiative, a five-year, $150 million grant program aimed at supporting entrepreneurs, workforce training and financial education in the communities where the company has operations. The renovated six-story building, boasting 42,000-square-feet, is a former tobacco warehouse.

The food & beverage and bioscience industries intersect in the region. Health Warrior, which produces superfood bars from chia and pumpkin seeds, was recently purchased by PepsiCo. Another Greater Richmond-based company, Nutriati, developed a way to make flour and protein concentrate from chickpeas. The company has been working for several years to commercialize its products into a “game changer” in the marketplace for allergy-free, low-calorie, high-nutrient food ingredients.

“The quickest way to fix our health problem is to fix our food problem.”

-- Shane Emmett, CEO of Health Warrior

2Highest amount of Millennial talent attraction in the U.S. (Time). Plus Millennials can a�ord to live alone here than any other U.S. city (Zillow).

ND

Virginia ranks as a top state in cyber security. Here in Greater Richmond, GE Cyber Security, Thomson Reuters and the National White Collar Crime Center have facilities. Recently, WiPro, a consulting and business processing company, opened a cybersecurity operations center in the region. The Indian-based firm will employ 200 jobs at the center in Henrico.

Demographic Profile - Richmond Virginia MSASource: Chmura Economics and Analytics, JobsEQ, 2018. Update October 2019.

PERCENT VALUERichmond, VA

MSAVirginia USA

Richmond, VA MSA

Virginia USA

PopulationTotal Population — — — 1,258,158 8,310,301 318,558,162Male 48.4% 49.2% 49.2% 609,288 4,086,283 156,765,322Female 51.6% 50.8% 50.8% 648,870 4,224,018 161,792,840Median Age — — — 38.4 37.8 37.7Under 18 Years 22.2% 22.4% 23.1% 279,682 1,865,556 73,612,43818 to 24 Years 9.6% 9.9% 9.8% 120,421 823,735 31,296,57725 to 34 Years 13.8% 13.9% 13.6% 174,254 1,154,537 43,397,90735 to 44 Years 13.0% 13.2% 12.7% 163,344 1,094,958 40,548,40045 to 54 Years 14.5% 14.2% 13.6% 181,987 1,183,551 43,460,46655 to 64 Years 13.1% 12.6% 12.6% 165,397 1,043,147 40,061,74265 and Over 14.2% 14.2% 14.9% 177,623 1,187,867 47,732,389

"Prime Working Age" of 25 to 54 Years 41.0% 41.0% 39.8% 511,984 3,431,020 127,791,735RaceWhite 61.5% 68.4% 73.0% 767,603 5,720,209 234,370,202Black or African American 29.8% 19.2% 12.7% 371,484 1,605,447 40,610,815American Indian and Alaska Native 0.3% 0.3% 0.8% 4,015 22,499 2,632,102Asian 3.7% 6.2% 5.4% 46,766 520,119 17,186,320Native Hawaiian and Other Pacific Islander 0.0% 0.1% 0.2% 563 5,469 570,116Some Other Race 1.6% 2.4% 4.8% 19,606 200,265 15,553,808Two or More Races 3.0% 3.5% 3.1% 37,284 291,944 10,081,044Hispanic or Latino (of any race) 5.9% 9.0% 17.6% 73,006 749,458 56,510,571Population GrowthPopulation Annual Average Growth, 2013-2017 0.9% 0.8% 0.7% 11,442 68,419 2,307,347EconomicLabor Force Participation Rate & Size (civilian pop. 16+) 66.2% 65.5% 63.3% 662,454 4,320,683 161,159,470Armed Forces Labor Force 0.4% 1.7% 0.4% 3,852 110,817 1,024,855Veterans, Age 18-64 6.4% 8.3% 4.9% 50,516 433,158 9,667,749Median Household Income — — — $64,688 $68,766 $57,652Per Capita Income — — — $33,633 $36,268 $31,177Poverty Level (of all people) 12.4% 11.2% 14.6% 150,062 906,838 45,650,345Mean Commute Time (minutes) — — — 25.0 28.2 26.4Union Membership 4.7% 5.5% 10.6% — — —Educational Attainment, Age 25-64No High School Diploma 9.3% 9.2% 11.4% 62,930 411,815 19,230,541High School Graduate 24.5% 23.2% 26.0% 165,847 1,041,545 43,784,920Some College, No Degree 21.0% 20.1% 21.2% 142,150 901,518 35,803,629Associate's Degree 7.8% 8.1% 9.0% 53,124 362,283 15,199,517Bachelor's Degree and Higher 37.4% 39.5% 32.3% 253,537 1,775,737 54,520,648

Bachelor's Degree 23.8% 23.1% 20.5% 161,079 1,037,257 34,602,913Postgraduate Degree 13.6% 16.4% 11.8% 92,458 738,480 19,917,735

HousingTotal Housing Units — — — 512,487 3,466,921 135,393,564Median House Value (of owner-occupied units) — — — $221,949 $255,800 $193,500Homeowner Vacancy 1.2% 1.6% 1.7% 3,851 33,377 1,346,331Rental Vacancy 5.1% 5.8% 6.1% 9,004 65,735 2,838,344Renter-Occupied Housing Units (% of Occupied Units) 34.8% 33.8% 36.2% 163,780 1,050,563 42,992,786

Employment by IndustryRichmond, Virginia MSASource: Chmura Economics and Analytics, Jobs EQ. Data reflects 2019-Q2. Updated October 2019.

Industry EmploymentPercent of Total

EmploymentChange Since 5

Years AgoPercent of

Total ChangeLocation Quotient

Health Care & Social Assistance 96,681 14% 7,037 14% 0.99Administrative, Admin. Support & Information 78,913 12% 10,334 20% 1.17Retail Trade 68,201 10% -4,339 -8% 0.96Educational Services 58,147 9% 2,189 4% 1.05Transportation, Warehousing & Whsl Trade 56,348 8% 10,777 21% 1.00Accommodation & Food Services 54,649 8% 6,632 13% 0.89Finance, Insurance & Real Estate 49,725 7% 1,839 4% 1.29Construction, Utilities, Agriculture & Mining 49,340 7% 5,904 11% 0.90Professional, Scientific & Technical Services 44,873 7% 4,149 8% 0.98Public Administration 39,319 6% 215 0% 1.23Business & Personal Services 35,257 5% 2,747 5% 1.19Manufacturing 32,439 5% 1,081 2% 0.58Arts, Entertainment & Recreation 15,110 2% 2,048 4% 1.11Total - All Industries 680,490 100% 52,100 7% 1.00

Health Care & Social Assistance, 14%

Administrative, Admin. Support &

Retail Trade, 10%

Educational Services, 9%

Transportation, Warehousing & Whsl Trade, 8%Accommodation & Food Services,

8%

Finance, Insurance & Real Estate, 7%

Construction, Utilities, Agriculture & Mining, 7%

Professional, Scientific & Technical

Services, 7%

Public Administration, 6%

Business & Personal Services, 5%

Manufacturing, 5%

Arts, Entertainment & Recreation, 2%

Employment by Industry forGreater Richmond, VA

Rank Company Name Line of Business Employees1 Capital One Financial Corp. Financial services, call center 13,0002 Virginia Cmnwlth. Univ. Health Syst Health care 9,3133 HCA Virginia Health System Health care 7,6284 Bon Secours Richmond Health care 7,1365 Dominion Energy Energy 5,4336 Amazon.com Online retail 3,9507 SunTrust Banks Inc. Banking 3,8108 Altria Group Inc. Cigarettes and wine 3,7009 Wells Fargo Banking 2,90210 Anthem Blue Cross and Blue Shield Health Insurance 2,65511 United Parcel Service Package distribution 2,49012 DuPont Chemicals and fibers 2,37613 Bank of America Banking 1,92114 Markel Corporation Insurance 1,88615 Federal Reserve Bank of Richmond Reserve bank 1,88216 Verizon Communications Telecommunications 1,70017 University of Richmond Private university 1,57818 General Dynamics Corp. Call center 1,45019 CarMax Inc. Auto sales 1,30620 Southside Regional Medical Health Care 1,28021 AdvanSix (formerly Honeywell) Polymers 1,17722 Genworth Financial Inc. Insurance 1,11323 Estes Express Lines Trucking, air freight 1,10224 Kings Dominion Amusement park 1,00024 Pharmaceutical Product Development Drug research and development 1,00026 CoStar Group Real estate information and analytics 95027 GE Power Parts for power generating machinery 92828 Supervalu Inc Wholesale food 89029 Tyson Food Inc. Poultry products 85030 BB&T Banking 83931 T-Mobile USA Inc. Telecommunications 81632 Patient First Healthcare urgent care centers 80533 Hill Phoenix Refrigerated display cases 79134 Northrop Grumman Information technology 72535 Allianz Global Assistance Travel insurance 69635 Teleperformance Financial services customer support 69637 Performance Food Group Food products distribution 69438 WestRock Corp. Packaging materials 68239 Comcast Cable television 67540 Atlantic Union Bank Banking 66541 YMCA of Greater Richmond Fitness and recreational services 63142 Elephant Insurance Insurance services 62042 McGuireWoods LLP Legal Services 62044 Owens & Minor Inc. Wholesale medical supplies 60945 Goodwill of Central and Coastal VA Non-profit training center; retailer 60746 Westminster Canterbury Retirement community 59447 Mondelez International Snack manufacturing 58048 Wal-Mart Stores Inc. Warehouse and distribution center 57549 Southern States Agribusiness cooperative 57450 Virginia Credit Union Financial cooperative 57251 McKesson Medical-Surgical Inc. Wholesale medical-surgical supplies 569

50 Largest EmployersRichmond, Va., MSA

Note: Some companies combine headquarters and local branch locations in their employment numbers. Excludes government and retail operations. Source: Direct company contact; Richmond Times-Dispatch; Richmond BizSense; Virginia Employment Commission – September 2019

Greater Richmond, Virginia Labor Shed Businesses in the Richmond, Virginia metro area draw labor from 38 counties in central Virginia – an area with 2.1 million population and a workforce of 1.1 million.

The primary labor shed is the 17 counties in the Richmond MSA, which has 1.3 million population and a workforce of 703,000. The secondary labor shed includes 21 counties with 875,000 population and a workforce of 442,000; at least 500 residents of each of these counties work in the Richmond MSA.

The region’s population has increased by 8 percent since 2010, adding 20,500 additional residents annually, and the labor force has increased by 8 percent since 2014, adding 16,000 new workers annually.

Area Population 2018 Civilian Labor Force Aug. 2019

Primary Labor Shed (17 counties) 1,306,172 703,579

Secondary Labor Shed (21 counties) 875,439 442,653

Total Labor Shed (38 counties) 2,181,611 1,146,232

Updated October 2019

Cost of Living

City Overall IndexGrocery

IndexHousing

IndexApartment

RentHome Price

Utilities Index

Transpo. Index

Health Care Index

Misc. Index

San Francisco CA 201.7 130.0 371.7 $4,323 $1,344,190 123.1 142.0 128.9 131.0New York/Brooklyn NY 183.2 124.5 332.2 $3,320 $1,346,308 125.4 112.4 107.0 123.1Washington DC 163.4 115.8 275.5 $3,002 $1,069,329 117.0 107.9 96.4 122.2Seattle WA 156.1 128.4 218.3 $2,642 $813,020 108.4 135.0 128.4 135.5Boston MA 151.2 108.4 223.2 $3,548 $719,537 125.0 110.2 115.1 129.0Los Angeles CA 146.8 116.7 223.8 $2,776 $823,191 104.0 135.2 109.9 112.0San Diego CA 141.5 117.1 210.8 $2,428 $804,133 128.9 117.6 105.5 106.4Portland OR 134.0 111.8 181.4 $2,511 $620,491 86.3 131.3 116.9 117.7Chicago IL 120.1 104.1 151.2 $2,137 $517,613 91.4 122.8 100.4 109.0Philadelphia PA 110.2 117.3 114.7 $1,503 $422,650 103.0 114.6 100.0 105.6Baltimore MD 113.7 116.0 132.8 $1,825 $458,688 103.5 105.1 84.2 105.2Miami FL 114.5 108.4 141.4 $2,221 $458,057 104.6 94.1 97.8 104.1Minneapolis MN 106.5 102.7 101.9 $1,179 $370,012 98.3 108.8 105.0 113.5Dallas TX 106.2 97.4 114.9 $1,538 $399,450 103.7 99.4 103.2 105.1Cleveland OH 95.9 104.6 81.0 $1,040 $287,930 97.0 100.9 104.4 102.6Hampton Roads VA 93.9 88.3 90.2 $1,150 $311,927 95.3 92.8 92.0 99.3U.S. AVERAGE 100.0 100.0 100.0 $1,115 $354,946 100.0 100.0 100.0 100.0Pittsburgh PA 103.0 114.5 104.1 $1,254 $376,133 122.3 112.3 89.5 92.0Atlanta GA 101.3 103.3 99.8 $1,215 $366,022 84.4 104.1 105.3 104.8Houston TX 94.5 88.7 89.3 $1,240 $309,383 102.0 97.0 94.1 98.7Austin TX 97.0 90.7 101.7 $1,478 $336,787 95.2 86.8 105.1 97.7Salt Lake City UT 103.4 110.4 105.6 $1,261 $403,929 86.3 95.1 109.1 104.6Nashville TN 98.8 99.0 98.2 $1,163 $347,630 99.8 98.1 93.5 99.8Raleigh NC 93.3 92.3 87.0 $1,342 $287,839 99.1 86.7 103.5 98.1Charlotte NC 96.3 102.0 83.6 $1,214 $281,233 95.6 87.4 104.5 106.2Richmond VA 92.8 89.0 84.0 $1,079 $301,292 95.6 88.2 107.8 100.4Phoenix AZ 99.1 100.7 101.6 $1,443 $329,900 111.0 107.3 89.1 92.4Jacksonville FL 91.0 95.7 86.9 $1,268 $287,931 97.3 82.6 79.8 94.7Indianapolis IN 91.3 92.3 76.4 $1,085 $252,128 106.2 98.6 91.0 97.7Louisville KY 93.9 94.0 78.6 $1,038 $274,597 97.8 98.0 108.5 102.9Kansas City MO 94.0 102.8 79.4 $1,138 $264,827 101.9 92.5 103.8 100.1St. Louis MO-IL 87.4 101.9 68.5 $856 $244,787 97.6 96.5 92.4 92.0Columbus OH 91.5 96.6 79.2 $1,098 $268,597 92.9 95.9 89.7 98.7Oklahoma City OK 85.4 94.4 68.6 $859 $243,654 95.1 89.6 96.0 91.3

Richmond, Virginia's cost of living is among the lowest of US metros with 1 million or more population size. This is driven by low housing costs - apartment rents and home prices are 37 percent lower than the group's average. Source: C2ER Cost of Living Index; Quarter 2, 2019. Updated October 2019

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Class A Office Space in Greater Richmond, VirginiaSource: CoStar, Richmond VA and National Office Market Reports; Third Quarter 2019

SubMarketNumber of Buildings

Total Rentable Building Area

Vacant Total Square Feet

Vacancy RateYear-To-Date

Net AbsorptionYear-To-Date

DeliveriesUnder Construction

Square FeetQuoted Lease

Rates

Central Business District 23 7,836,075 558,298 7.1% 1,125,365 1,114,000 0 $25.77 Northwest / Innsbrook 87 9,797,184 637,448 6.5% 45,915 0 265,000 $21.18 Southwest / Manchester / Midlothian 40 3,496,421 434,943 12.4% (38,113) 0 30,000 $18.56 East / Airport 4 261,066 2,544 1.0% 0 0 0 $24.50 Total Richmond Class A Office Market 154 21,390,746 1,633,233 7.6% 1,133,167 1,114,000 295,000 $22.29

Updated October 2019

Industrial Rents in Greater Richmond, VirginiaSource: CoStar, Richmond, VA and National Industrial Market Report, Third Quarter 2019.

SubMarketNumber of Buildings

Total Rentable Building Area

Vacant Total Square Feet

Vacancy RateYear-To-Date Net

AbsorptionYear-To-Date

DeliveriesUnder Construction

Square FeetQuoted Lease

Rates

Jeff Davis Corridor Ind 537 26,262,287 401,527 1.5% 700,150 0 782,553 $4.30 Airport Ind 268 21,070,566 1,015,031 4.8% (339,893) 0 2,716,760 $5.20 I-95 S/I-295 S/Rt 10 Ind 154 13,485,250 681,928 5.1% 71,865 0 24,000 $4.35 Scotts Add/West End Ind 466 10,756,596 195,024 1.8% 208,613 0 0 $6.71 I-95 N/Mechanicsville Ind 328 8,400,632 103,464 1.2% 12,858 0 0 $7.63 I-95 North/Ashland Ind 200 7,670,313 77,934 1.0% 28,151 14,000 390,000 $6.78 Staples Mill/Parham Ind 258 6,320,716 248,098 3.9% 55,281 0 18,600 $7.30 Laburnum/Rte 360 Ind 186 5,482,953 270,205 4.9% (135,542) 0 0 $6.40 Midlothian Corridor Ind 252 4,511,919 85,525 1.9% 42,943 0 19,250 $6.83 Rt 288 Corridor Ind 190 3,728,916 79,768 2.1% 16,257 0 30,000 $8.79 Downtown 37 387,638 29,860 7.7% 3,000 0 0 $0.00 Balance of Market 408 13,660,982 491,212 3.6% 127,969 56,000 20,000 $5.01 Totals Richmond Industrial Market 3,339 126,381,354 4,021,206 3.2% 732,292 70,000 4,001,163 $5.19

Updated October 2019

Page 1 of 7

New and Expanding Businesses in Greater Richmond, Virginia USA, January 2013 - October 2019Includes manufacturers and non-manufacturers with a substantial customer base outside of Virginia

Index Company Name HQ Location Location NAICS Business Description Date Announced New or Expansion New Jobs Capital Investment

1 PRO Vision International Richmond City 335999 US HQ; Manufactures vehicle tracking and telematics equipment 9/25/2019 New 100 $25,000,000

2 PPD, Inc. International Henrico County 325411 Global contract research organization 9/19/2019 Expansion 200 $63,700,000

3 Alchemco International Henrico County 325510 Global HQ; Manufactures products moisture protection used in construction 8/30/2019 New 15 $5,000,000

4 Amazon.com, Inc. International Richmond City 493110 Fulfillment center 7/17/2019 Expansion 150 $10,000,000

5 Paymerang, LLC International Chesterfield County 522320 Technology platform that enables its clients to pay all their vendors electronically 6/28/2019 Expansion 20 $0

6 WestRock International Henrico County 322211 Corrugated container manufacturer 6/19/2019 Expansion 14 $25,500,000

7 Alfa Laval Inc. International Henrico County 332410 Manufactures heat transfer and fluid handling systems 6/11/2019 Expansion 15 $50,000,000

8 Western Express International Hanover County 484110 Truckload carrier 5/31/2019 New 250 $3,900,000

9 AdvanSix International Hopewell 325998Producer of caprolactam, the primary feedstock in production of nylon polymer used in carpet fibers and plastics

5/29/2019 Expansion 92 $160,000,000

10 Petal Card, Inc International Chesterfield County 561422 Credit card service and operations center 5/13/2019 New 89 $300,00011 New Kent Winery International New Kent County 312130 Winery 4/29/2019 Expansion 7 $715,000

12 G.D USA International Chesterfield County 333993 Supplier and manufacturer of high technology for tobacco products 4/1/2019 Expansion 26 $3,730,500

13 M.C. Dean Domestic Caroline County 541330 Electrical engineering and systems integration 3/13/2019 Expansion 100 $25,100,00014 ERNI Components, Inc. Domestic Chesterfield County 321999 Manufactures electrical connectors 3/12/2019 Expansion 80 $10,000,000

15 The Results Companies Domestic Chesterfield County 561421 Call center for Business Process Management company 3/4/2019 Expansion 600 $1,500,000

16 HalioDx Domestic Richmond City 541380 R&D for immuno-oncology diagnostic products 2/20/2019 New 21 $1,700,00017 Coastal Sunbelt Produce Domestic Caroline County 493130 Distributor of fresh produce and dairy 2/15/2019 New 50 $2,600,00018 Starr Hill Brewery Domestic Richmond City 312120 Craft brewery 2/13/2019 Expansion 15 $1,100,00019 Kinsale Insurance Company Domestic Henrico County 524126 Nationwide commercial insurance 1/31/2019 Expansion 400 $50,000,0008 Stone Brewing Co. Domestic Richmond City 312120 Craft beer brewery 1/23/2019 Expansion 0 $1,000,000

9 Qingdao Kaisa Notebook Manufacturing International Dinwiddie County 322230 Exporter & manufacturer of stationery, paper products 1/22/2019 New 62 $20,260,000

10 Anord Mardix, Inc. Domestic Henrico County 335313 Producer of power infrastructure to data centers 1/17/2019 Expansion 51 $907,50011 Classic Granite & Marble Domestic Powhatan County 327991 Natural stone fabrication and installation 11/5/2018 Expansion 100 $10,00012 Treo Enterprise Solutions Domestic Henrico County 337212 Millwork custom architectural manufacturing 11/5/2018 Expansion 0 $110,00013 Rising Tides Solutions, LLC Domestic Henrico County 541511 Custom computer software for data analytics 11/2/2018 Expansion 90 $926,50014 Facebook Domestic Henrico County 518210 Data center for social media company 9/26/2018 Expansion 200 $750,000,00015 Ocean Network Express, Inc. International Richmond City 483111 Deep sea freight transportation 8/22/2018 Expansion 129 $2,550,00016 averhealth Domestic Henrico County 551114 Health care company 8/9/2018 Expansion 50 $325,00017 Sabra Dipping Co. International Chesterfield County 311941 Manufactures hummus and vegetable dips 7/31/2018 Expansion 12 $0

18 Cascades Inc. International Hanover County 322211 Produces, converts, and markets packaging and tissue products composed mainly of recycled fibers 7/26/2018 New 140 $275,010,000

19 SAIC Domestic Richmond City 541512 IT consulting, research, and engineering defense contractor 7/11/2018 Expansion 75 $0

20 Dominion Outsourcing LLC Domestic Henrico County 561421 Expansion of client management center 6/25/2018 Expansion 190 $370,000

21 Delta Pure Filtration, LLC Domestic Hanover County 333319 Manufactures cartridge filtration solutions; standard and custom filters 5/31/2018 Expansion 18 $2,000,000

22 Corenso North America Corp International Richmond City 322219 Manufactures paper cores for various industries 5/30/2018 Expansion 0 $160,00023 TemperPack Domestic Henrico County 321219 Manufacturer of sustainable packaging materials 5/21/2018 Expansion 141 $10,400,000

Page 2 of 7

Index Company Name HQ Location Location NAICS Business Description Date Announced New or Expansion New Jobs Capital Investment

24 UDig Domestic Henrico County 511210 IT software developers 4/12/2018 Expansion 51 $1,600,00025 Richlands Creamery LLC Domestic Dinwiddie County 424430 Commercial creamery 3/19/2018 Expansion 17 $1,700,000

26 Paymerang, LLC. Domestic Chesterfield County 522320 Technology platform that enables its clients to pay all their vendors electronically 3/19/2018 Expansion 100 $0

27 Power Systems & Controls Domestic Richmond City 335314 Designs, manufactures, and services power quality needs around the world 2/28/2018 Expansion 20 $1,400,000

28 West Creek Financial Inc. Domestic Henrico County 522298 Financing for furniture, appliance, and mattress retailers. 2/27/2018 Expansion 100 $0

29 Service Center Metals Domestic Prince George Count 331316 Aluminum extruded product for sale to the wholesale market through metal distributors 1/10/2018 Expansion 58 $45,243,000

30 Facebook Domestic Henrico County 518210 Data center for social media company. 10/5/2017 New 100 $1,000,000,00031 Thomson Reuters International Richmond City 518210 Cyber Security operations center 9/6/2017 New 68 $2,180,00032 Kosmo Machine Domestic Henrico County 332710 Full service precision machine shop 8/17/2017 Expansion 36 $1,000,00033 Envera Domestic Richmond City 561422 Health IT customer engagement center 8/14/2017 Expansion 242 $11,718,84034 BlueGrace Logistics Domestic Hanover County 541614 Third party logistics provider 8/14/2017 Expansion 20 $035 CTA Plus International Henrico County 541511 Developer of wireless fuel management system 8/11/2017 New 5 $350,00036 Amazon.com, Inc. Domestic Hanover County 493110 Package sorting facility 8/1/2017 Expansion 300 $0

37 IR Engraving Domestic Henrico County 332812 Apply textures to surfaces for use in automotive, plastics, textiles, and other products 5/10/2017 Expansion 22 $850,300

38 2nd Life Inc. Domestic Richmond City 811211 Electronics refurbishing and recycling 4/27/2017 Expansion 66 $975,00039 Karn Custom Woodwork Domestic Richmond City 337212 Architectural millwork manufacturing and installation 4/27/2017 Expansion 30 $2,550,000

40 Atlantic Constructors Domestic Chesterfield County 332312 Ductwork, piping, plumbing and steelwork fabrication facility 4/3/2017 Expansion 0 $3,000,000

41 People's Income Tax Domestic Henrico County 541213 HQ; Tax preparation services 3/27/2017 Expansion 30 $440,00042 TemperPack Domestic Richmond City 321219 Manufacturer of sustainable packaging technology 2/22/2017 Expansion 23 $2,000,000

43 Pryor Marking Ltd. International Hanover County 333249 Manufacturer of marking machinery for the aerospace, pharmaceutical, and nuclear energy industries. 2/22/2017 New 10 $0

44 Owens & Minor Domestic Richmond City 561110 Customer engagement and back office operations center 2/16/2017 New 300 $15,000,000

45 iMPREG International International Henrico County 327212 Manufacturer of fiberglass reinforced liner systems for trenchless pipe rehabilitation 1/4/2017 New 60 $5,400,000

46 Risser Farms Domestic Henrico County 115210 Process and wash duck eggs for distribution to food retailers 12/31/2016 New 6 $150,000

47 Rivanna Natural Designs Domestic Henrico County 321999 Designs and builds a variety of awards using green, recycled wood, and bamboo products 11/30/2016 New 9 $325,000

48 Wal-Mart Stores, Inc. Domestic Dinwiddie County 493110 Distribution facility for retailer 11/29/2016 Expansion 74 $4,000,00049 Lidl Dienstleistung GmbH International Chesterfield County 493120 Warehouse for grocery retailer 11/16/2016 New 15 $1,000,000

50 Dominion Packaging Domestic Henrico County 322211 Provider of packaging solutions for food, tobacco, and beverage companies 11/17/2016 Expansion 60 $25,100,000

51 BGB Technology Inc. International Chesterfield County 335312 Manufacturer of fiber optic rotary joints 11/18/2016 New 12 $800,00052 Columbia Gas of Virginia Domestic Chesterfield County 221210 HQ; Training facility for natural gas utility 11/19/2016 Expansion 0 $9,000,00053 Dealwithit Domestic Henrico County 541611 Educational consulting 11/20/2016 New 2 $0

54 CoStar Group Domestic Richmond City 531390 Research and software development center for real estate information and analytics firm 10/16/2016 New 732 $8,170,000

55 Csi Packaging International Henrico County 333922 Manufacturer of product handling equipment 9/16/2016 New 20 $320,000

56 West Creek Financial Domestic Henrico County 522298 Financing for furniture, appliance, and mattress retailers 9/16/2016 Expansion 30 $0

57 ICMA-RC Domestic Richmond City 525110 Manages and administers retirement plans for public sector employers and employees 8/1/2016 New 200 $10,000,000

Page 3 of 7

Index Company Name HQ Location Location NAICS Business Description Date Announced New or Expansion New Jobs Capital Investment

58 Confluence Coffee Domestic Richmond City 311920 Specialty blend coffee roasters 7/1/2016 New 33 $100,00059 Direct Mail Solutions Domestic Henrico County 541860 Full service mail shop 6/1/2016 Expansion 243 $1,000,000

60 Hudson Industries Domestic Henrico County 326150 Foam cushion and mattress manufacturing for medical and consumer use 6/1/2016 Expansion 87 $1,000,000

61 R1 International International Richmond City 493110 Warehouse and distribution center for rubber products 6/1/2016 Expansion 15 $1,000,000

62 Specialty Coating and Laminating Domestic Hanover County 322220 Manufacturing poly-extrusion and aqueous-coated paper 6/1/2016 Expansion 52 $3,000,000

63 Wellborn + Wright Domestic Henrico County 321918Manufactures home décor and interior finishes from reclaimed wood, including, doors, furniture items, and others.

6/1/2016 Expansion 25 $200,000

64 Thought Logic Domestic Richmond City 541611 Consulting and business analytics firm 6/1/2016 New 100 $0

65 Fajon Turbine Services, Inc. Domestic Chesterfield County 332710 Manufacturer of steam and gas turbine replacement parts for the power generation industry 6/1/2016 New 45 $1,000,000

66 Gerdau Ameristeel International Dinwiddie County 332312 Manufacturer of long steel products 6/1/2016 Expansion 0 $9,000,00067 L Knife & Son, Inc. Domestic Henrico County 424810 Warehouse facility for specialty beverage 5/1/2016 New 110 $068 SanAir Technologies Laboratory Domestic Powhatan County 541380 Environmental testing services for national clients 5/1/2016 Expansion 10 $069 McKesson Pharmaceutical Domestic Caroline County 493110 Pharmaceutical distribution center 3/1/2016 Expansion 30 $6,000,00070 Aqueous Solutions Global Domestic Richmond City 333318 Provider of water filtration technologies 3/1/2016 New 23 $1,800,00071 Erodex International Henrico County 333249 Graphite machining for turbine blades 3/1/2016 New 3 $2,000,000

72 Bonfire Funds Domestic Henrico County 541511 Web-based fundraising platform for the general public 3/1/2016 Expansion 20 $0

73 Blue Bee Cider LLC Domestic Richmond City 312130 Relocation of cidery 2/1/2016 Expansion 4 $1,000,00074 Carmax Inc. Domestic Richmond City 441110 Technology center for car dealership 2/1/2016 Expansion 50 $1,000,000

75 Polykon Manufacturing LLC International Henrico County 325180 Chemical manufacturing for the cosmetics and pharmaceutical industries 2/1/2016 New 54 $56,000,000

76 Triple Crossing Brewery Domestic Richmond City 312120 Brewery 2/1/2016 Expansion 4 $1,000,00077 Hamilton Beach Brands Inc. Domestic Henrico County 335211 HQ: Small electrical kitchen appliance manufacturer 12/1/2015 Expansion 0 $3,000,00078 AvePoint Domestic Richmond City 541511 Software platform design 12/1/2015 New 100 $2,000,00079 Harris Teeter Domestic Caroline County 493120 Warehouse to supply retail operations 12/1/2015 New 400 $115,000,00080 Minacs International Richmond City 561420 Customer management for health-care companies 11/16/2015 Expansion 200 $0

81 ImmunArray Domestic Richmond City 541712 HQ: Provider and developer of health diagnostic applications. 10/30/2015 Expansion 7 $4,500,000

82 Thermal Gradient Domestic Richmond City 541711 Medical device and testing company 10/14/2015 New 42 $3,680,00083 Minacs International Richmond City 561422 Business process outsourcing 8/6/2015 Expansion 400 $084 Detectamet International Henrico County 326191 High density detectable plastics manufacturing 6/19/2015 New 30 $1,000,00085 Ho-Ho-Kus, Inc. Domestic Chesterfield County 332722 Design and manufacture aircraft parts 6/11/2015 New 40 $3,350,00086 Elephant Insurance International Henrico County 524210 Auto insurance 6/8/2015 Expansion 1173 $2,000,00087 Republic National Distributing Co. Domestic Hanover County 493110 Distribution of wine and spirits 6/3/2015 Expansion 0 $17,000,00088 Amazon.com, Inc. Domestic Chesterfield County 493110 Fulfillment center 5/26/2015 Expansion 365 $089 Alton Lane Domestic Richmond City 315220 Custom menswear; HQ 5/5/2015 New 10 $20,00090 Mavalério Ltd. International Hanover County 311340 Candy and confectionary products 4/9/2015 New 65 $5,000,00091 Total Quality Logistics, Inc. Domestic Chesterfield County 488510 Logistics broker 3/12/2015 New 60 $100,000

92 Connexions Loyalty Domestic Henrico County 561613Financial, credit card enhancement programs, point programs and loyalty programs for the financial and related industries

2/18/2015 Expansion 0 $876,300

93 Cuore Domestic Chesterfield County 561422 Sales and customer service call center 2/12/2015 Expansion 200 $094 Kels USA International Henrico County 336320 Electrical contact materials 2/12/2015 New 100 $7,000,00095 San-J International, Inc. International Henrico County 311941 Soy sauce manufacturing 2/11/2015 Expansion 18 $38,000,00096 McKesson Medical-Surgical Inc Domestic Henrico County 551114 HQ, medical supplies 11/1/2014 Expansion 225 $10,000,000

Page 4 of 7

Index Company Name HQ Location Location NAICS Business Description Date Announced New or Expansion New Jobs Capital Investment

97 Live Well Financial Inc. Domestic Chesterfield County 522292 Mortgage lender and servicer 11/1/2014 Expansion 120 $098 IPPON Technologies USA International Richmond City 541511 Web development and design 10/1/2014 Expansion 44 $110,00099 Stone Brewing Co. Domestic Richmond City 312120 Craft beer brewery 10/1/2014 New 288 $74,300,000100 Amazon.com, Inc. Domestic Chesterfield County 493110 Fulfillment center 9/19/2014 Expansion 1423 $0

101 Enclos Corp Domestic Chesterfield County 238150 Manufactures and applies advanced exterior wall technologies to commercial buildings. 9/1/2014 Expansion 200 $3,000,000

102 Relay Foods Domestic Richmond City 493110 Distribution of home groceries delivery service 9/1/2014 Expansion 75 $710,000103 Blue Bell Creameries Domestic Hanover County 493120 Warehouse and distribution of ice cream products 9/1/2014 New 0 $310,000104 Live Well Financial Inc. Domestic Chesterfield County 561422 Mortgage lender and servicer; call center 8/1/2014 Expansion 100 $0105 NICHE Logistics Domestic Chesterfield County 541614 Logistics solutions for specialty market business 8/1/2014 Expansion 5 $100,000106 Dominion Virginia Power Domestic Henrico County 561110 Operations center 6/1/2014 Expansion 0 $80,000,000107 Mondelēz Global LLC Domestic Henrico County 311821 Manufactures cookies and crackers 5/1/2014 Expansion 35 $40,750,000108 Steves & Sons Inc Domestic Henrico County 321911 Interior door manufacturer 5/1/2014 Expansion 22 $8,400,000109 Philip Morris USA Domestic Chesterfield County 493130 Tobacco leaf storage warehouse 5/1/2014 Expansion 30 $50,000,000110 Metl-Span LLC Domestic Chesterfield County 332311 Manufactures metal insulated building panels 5/1/2014 Expansion 60 $16,100,000111 Avail Vapor, LLC Domestic Chesterfield County 493110 HQ; E-cigarette distribution center 5/1/2014 New 60 $3,000,000112 Ippon Technologies USA International Richmond City 541511 Java consulting company 5/1/2014 New 14 $0

113 Motley's Asset Disposition Group Domestic Richmond City 551114 Auction and real estate firm serving Virginia, Tennessee, and the Carolinas 4/1/2014 Expansion 0 $4,000,000

114 Teleperformance USA International Henrico County 561422 Outsourced multichannel customer experience management 4/1/2014 Expansion 500 $3,500,000

115 Pixel Factory Data Center Domestic Hanover County 518210 Data center 4/1/2014 New 1 $4,000,000116 Abilene Motor Express, Inc. Domestic Chesterfield County 484121 Freight brokerage services 4/1/2014 Expansion 75 $14,000,000117 Schnabel Engineering Domestic Henrico County 541330 Engineering services 4/1/2014 Expansion 0 $2,800,000

118 ept Automotive Division International Chesterfield County 334417 Manufactures electrical connectors for the automotive industry 3/1/2014 Expansion 8 $3,000,000

119 Mason Manufacturing Domestic Henrico County 311999 Food industry manufacturing 3/1/2014 Expansion 40 $2,000,000120 MGC Advanced Polymers, Inc. International Chesterfield County 325211 Manufactures resins and plastic materials 2/1/2014 Expansion 8 $3,600,000

121 Anord Critical Power Inc. International Henrico County 335313 N.A. HQ; Provider of power infrastructure to data centers 2/1/2014 New 70 $950,000

122 Evonik Industries International Chesterfield County 325998 Business and innovation center for chemical manufacturing 2/1/2014 Expansion 50 $15,000,000

123 Michael & Son Services Inc Domestic Richmond City 561422 Call center 1/1/2014 New 100 $250,000124 Universal Health Services, Inc. Domestic Henrico County 541611 Hospital patient accounting services 1/1/2014 Expansion 0 $1,300,000125 Lumber Liquidators Domestic Henrico County 493110 Distributes hardwood flooring 1/1/2014 Expansion 0 $54,980,000126 Ampa Entertainment, Inc Domestic Henrico County 454390 Events services 1/1/2014 New 18 $580,000127 Medline Industries, Inc. Domestic Chesterfield County 493110 Medical supply distribution 12/1/2013 New 27 $26,000,000128 WorldStrides Domestic Henrico County 561510 Educational travel company 12/1/2013 Expansion 25 $1,000,000129 Republic National Distributing Co. Domestic Hanover County 493110 Distribution of wine and spirits 11/1/2013 Expansion 0 $15,100,000

130 Delta Pure Filtration Domestic Hanover County 333999 Manufactures cartridge filtration solutions; standard and custom filters 10/1/2013 Expansion 15 $1,000,000

131 Stalwart Films International Henrico County 512110 Film production company 10/1/2013 New 15 $590,000132 Dominion Packaging Domestic Henrico County 322226 Manufactures printed paper products 10/1/2013 Expansion 113 $45,000,000133 CapTech Ventures, Inc. Domestic Henrico County 541512 Technology consulting provider 10/1/2013 Expansion 100 $0134 Republic National Distributing Co. Domestic Hanover County 493110 Distribution of wine and spirits 8/1/2013 Expansion 0 $1,900,000

135 UNOS (United Network for Organ Sharing) Domestic Richmond City 551114 HQ; Organ donation coordination 8/1/2013 Expansion 47 $5,000,000

136 Integrated Global Services, Inc. Domestic Chesterfield County 325510 HQ; metallurgical R&D, ceramic coatings and automated weld overlay systems 7/1/2013 Expansion 20 $3,600,000

Page 5 of 7

Index Company Name HQ Location Location NAICS Business Description Date Announced New or Expansion New Jobs Capital Investment

137 Health Diagnostic Laboratories, Inc. Domestic Henrico County 493110 Warehouse and shipping department for biorelated products 7/1/2013 Expansion 0 $200,000

138 Virginia Crane Domestic Hanover County 333923 Manufactures industrial cranes 6/1/2013 Expansion 20 $1,500,000139 The Peggs Company Domestic Hanover County 423440 Reconditioned shopping cart distribution 6/1/2013 Expansion 99 $2,900,000140 Hanover Foils, LLC Domestic Hanover County 322225 Converts foils for the confectionery industry 6/1/2013 Expansion 18 $500,000

141 Innovative Diagnostic Laboratory Domestic Henrico County 541380 Laboratory services, testing, research for cardiovascular health management and improvement 6/1/2013 Expansion 45 $1,500,000

142 Schneider Laboratories Global Domestic Richmond City 541380 Testing laboratory; certified test kits 6/1/2013 Expansion 12 $100,000143 Sabra Dipping Company, LLC International Chesterfield County 311941 Manufactures hummus and vegetable dips 4/1/2013 Expansion 140 $86,000,000144 FedEx Corporation Domestic Hanover County 492110 Distribution center, parcel shipping 4/1/2013 Expansion 0 $4,000,000145 Triad Isotopes Domestic Henrico County 325412 Made-to-order pharmaceuticals 4/1/2013 New 8 $500,000146 Wellborn + Wright Domestic Henrico County 321918 Wood flooring, wall paneling, cabinets, doors, chairs 4/1/2013 Expansion 0 $950,000147 GENETWORx, LLC Domestic Henrico County 325413 Pharmacogenomic testing devices and kits 4/1/2013 Expansion 200 $3,000,000148 Central Virginia Health Network Domestic Henrico County 541711 Laboratory 4/1/2013 Expansion 7 $2,000,000149 Minacs International Henrico County 541512 Business process outsourcing, IT outsourcing 4/1/2013 New 250 $2,000,000

150 Dominion Transmission Inc. Domestic Richmond City 486210 Provides gas processing, transportation and storage services 3/1/2013 Expansion 100 $0

151 Alliance Machine and Engraving Domestic Hanover County 333517 Manufactures embossers, embossing machines, extrusion machinery, engraved rolls, etc. 3/1/2013 Expansion 10 $175,000

152 Design Ready Controls Domestic Henrico County 334515 Original design manufacturer (ODM) providing control panel and harness solutions 3/1/2013 Expansion 42 $0

153 The Travelers Cos. Inc. Domestic Henrico County 524126 Regional HQ, customer service, underwriting, claims and information technology 3/1/2013 Expansion 0 $8,000,000

154 Kosmo Machine, Inc. Domestic Henrico County 332710 Manufactures precision machine parts 3/1/2013 Expansion 0 $2,000,000155 Marten Transport Ltd. Domestic Chesterfield County 484230 Regional/over the road trucking services 2/1/2013 Expansion 127 $11,700,000156 Tyson Foods Inc. Domestic Hanover County 311615 Poultry processing 2/1/2013 Expansion 120 $14,000,000

157 Englewood Enterprises Domestic Richmond City 488210 Rail transloading facility for biofuels/ethanol from railcar to pipeline 2/1/2013 New 6 $3,500,000

158 Blue Bell Creameries Domestic Henrico County 493120 Warehouse and distribution of ice cream products 2/1/2013 New 20 $500,000159 Pelon's Baja Salsa Domestic Henrico County 311421 Salsa and guacamole 2/1/2013 Expansion 10 $750,000160 Best Bully's Domestic Henrico County 311111 Manufactures and distributes pet treats 2/1/2013 Expansion 40 $1,000,000161 Wako Chemicals USA Inc. International Chesterfield County 325199 Specialty chemicals 1/1/2013 Expansion 0 $600,000162 Air Water & Soil Laboratorie Domestic Chesterfield County 541380 Environmental laboratory 1/1/2013 Expansion 0 $1,500,000

Source: Virginia Economic Development Partnership, "Virginia Announcements & Closings Database." Updated October 15, 2019.

The Partnership has reformatted data gathered by the Virginia Economic Development Partnership on business activity in the Richmond, Virginia, Metropolitan Statistical Area, including recently announced new businesses, expansions of existing businesses, those announcing employment reductions and business closings. Please note: • This dataset includes only business activity in the Richmond, Virginia MSA. • The figures presented in the fields “New Jobs” and “Jobs Lost” may not reflect total employment at that particular company, but only those related to the announcement.• Not all businesses are included; only manufacturers and non-manufacturers with a substantial customer base outside of Virginia are listed.• The data is based on announcements of planned employment creation and capital expenditures, or planned employment reductions or closings.

Page 6 of 7

Employment Reductions and Business Closings in Greater Richmond, Virginia USA, January 2013 - October 2019Includes manufacturers and non-manufacturers with a substantial customer base outside of Virginia

Index Company Name HQ Location Location NAICS Business Description Jobs Lost Reduction / Closing

Month of Closing/ Layoff

1 Premier Store Fixtures Domestic Henrico County 337215 Manufactures wooden store fixtures 138 Closing 9/13/20192 Premier Store Fixtures Domestic Henrico County 337215 Manufactures wooden store fixtures 24 Closing 9/13/20193 Premier Store Fixtures Domestic Henrico County 337215 Manufactures wooden store fixtures 28 Closing 9/13/20194 Health Diagnostic Laboratory Domestic Richmond City 621511 Clinical laboratory diagnostics and clinical trial services 399 Layoff 7/29/20195 ColorTree Group Domestic Henrico County 322230 Manufactures full color and custom envelopes 240 Closing 6/3/20196 Live Well Financial Inc. Domestic Chesterfield County 522292 Mortgage lender and servicer 103 Closing 5/17/20197 Dianne's Fine Desserts Domestic Hanover County 311520 Manufactures desserts 97 Closing 7/31/20198 Genworth Financial Domestic Richmond City 524210 Insurance services 21 Layoff 3/1/20199 Confluence Coffee Domestic Richmond City 311920 Manufactures cold brew coffee 33 Closing 2/1/2019

10 Tailored Brands, Inc. Domestic Richmond City 448110Leading retailer of men's tailored clothing and largest men's formalwear provider 64 Closing 8/31/2018

11 Northrop Grumman Systems Corp Domestic Chesterfield County 541512 Operations center; IT services; data center 348 Reduction 8/17/201812 Metrie, Inc. Domestic Hannover County 321918 Company manufactures and distributes interior finishings. 59 Closing 1/1/2018

13 Taylor Communications Domestic Henrico County 541613

Provider of market-specific insights, compelling portfolio of solutions to healthcare, financial services, commercial and industrial markets. 50 Closing 2/16/2018

14 Capital One Financial Corp. Domestic Richmond City 551111Diversified financial services holding company with banking and non-banking subsidiaries. 10 Layoff 1/1/2018

15 Land-O-Sun Dairies, LLC Domestic Richmond City 31151 Fluid milk processing 71 Closing 10/31/201716 Bear Island Paper Domestic Hanover County 322122 Newsprint manufacturing mill 164 Layoff 7/16/201717 Martin Agency Domestic Richmond City 541810 Advertising agency 16 Reduction 3/14/201718 The Home Depot Domestic Charles City County 337122 Cabinet refurbishing facility 70 Closing 1/1/201719 Markel Domestic Henrico County 551114 IT department of specialty insurance services provider 40 Layoff 6/1/201720 Martin Agency Domestic Richmond City 541810 Advertising agency 29 Layoff 9/6/201621 Qingdao Kaisa Notebook Manufacturing Domestic Hanover County 423690 Electronics distribution 72 Closing 10/1/201622 UPS Freight Domestic Richmond City 492110 Package delivery 160 Layoff 12/1/2016

23 BB&T Securities Domestic Richmond City 523920Financial services company ending equity research coverage 61 Reduction 8/1/2016

24 Treo Enterprise Solutions Domestic Henrico County 524128 Finance and insurance firm 27 Layoff 8/1/201625 Genworth Financial Domestic Henrico County 524210 Insurance services 70 Layoff 4/1/201626 Altria Domestic Henrico County 312230 Headquarters for tobacco manufacturing company 200 Layoff 3/1/201627 Ocean Network Express, Inc. Domestic Richmond City 326150 Molded and urethane foam 55 Layoff 6/1/201528 Freight Handlers, Inc. Domestic

g County 493110 Distribution and logistics warehousing 65 Reduction 4/1/2015

29 Carpenter Company Domestic Richmond City 326150 Molded and urethane foam 55 Layoff 6/24/201530 Health Diagnostic Laboratory Domestic Richmond City 621511 Clinical laboratory diagnostics and clinical trial services 162 Reduction 12/1/201431 Keolis Transit America International Richmond City 485119 Operates transportation systems 106 Reduction 11/30/201432 Acision Domestic Henrico County 517919 Messaging services to mobile communications companies 65 Reduction 9/9/2014

Page 7 of 7

Index Company Name HQ Location Location NAICS Business Description Jobs Lost Reduction / Closing

Month of Closing/ Layoff

33 Carl Zeiss Vision Inc. International Chesterfield County 326199 Manufacturing custom prescription lenses 73 Reduction 7/1/201434 General Dynamics Information Technology Domestic Chesterfield County 561422 Call center for Affordable Care Act 344 Closing 5/1/201435 MeadWestvaco Corp. Domestic Richmond City 551114 Corporate HQ; Packaging solutions and products 125 Reduction 5/1/201436 Bank of America Domestic Henrico County 522110 Refinancing and default servicing operations 103 Reduction 3/1/201437 Aditya Birla Minacs International Henrico County 561422 Business support outsourcing 172 Reduction 3/1/201438 Bostwick Laboratories Domestic Henrico County 551114 HQ; Pathology reference laboratory 44 Reduction 2/1/201439 Xerox Domestic Richmond City 518210 Data entry and customer service 25 Reduction 11/1/201340 URS Corporation Domestic Chesterfield County 541330 Architectural and engineering services 21 Reduction 12/5/201341 SunTrust Banks Inc Domestic Richmond City 522292 Mortgage Banking 100 Reduction 12/13/201342 BrownGreer PLC Domestic Richmond City 541110 Law office 64 Reduction 10/1/201343 Fluor Corporation Domestic Chesterfield County 541330 Engineering services 184 Reduction 10/1/201344 Bostwick Laboratories Domestic Henrico County 551114 HQ; Pathology reference laboratory 34 Reduction 11/1/201345 Bank of America Domestic Henrico County 522292 Mortgage Banking 40 Reduction 9/1/201346 Genworth Financial, Inc. Domestic Henrico County 524113 HQ, life and long-term care insurance 75 Reduction 6/1/201347 Schmitt E.G. Inc. Domestic Henrico County 323111 High-security printing, RFID tags and specialty ink printing 87 Reduction 9/1/201348 Comcast Domestic Henrico County 561422 Call center 53 Reduction 9/1/2013

Source: Virginia Economic Development Partnership, "Virginia Announcements & Closings Database." Updated October 15, 2019.

The Partnership has reformatted data gathered by the Virginia Economic Development Partnership on business activity in the Richmond, Virginia, Metropolitan Statistical Area, including recently announced new businesses, expansions of existing businesses, those announcing employment reductions and business closings. Please note: • This dataset includes only business activity in the Richmond, Virginia MSA. • The figures presented in the fields “New Jobs” and “Jobs Lost” may not reflect total employment at that particular company, but only those related to the announcement.• Not all businesses are included; only manufacturers and non-manufacturers with a substantial customer base outside of Virginia are listed.• The data is based on announcements of planned employment creation and capital expenditures, or planned employment reductions or closings.• Some of the new facilities announced are not yet in operation, and some of the announced facilities may have opened and then subsequently closed.

Occupational Employment and WagesRichmond, Virginia MSA

SOC Occupation TitleEmployed

2019Unemployed

2019Change Over 5

YearsPercent Change

Entry Level Wage

Average WageExperienced

Wage

11-0000 Management 34,828 459 3,635 2.2% $75,000 $133,200 $162,400

13-0000 Business and Financial Operations 45,722 915 4,552 2.1% $47,600 $76,700 $91,200

15-0000 Computer and Mathematical 23,195 362 2,558 2.4% $54,200 $89,400 $107,000

17-0000 Architecture and Engineering 9,272 141 797 1.8% $54,400 $84,400 $99,500

19-0000 Life, Physical, and Social Science 5,057 95 325 1.3% $42,200 $70,100 $84,000

21-0000 Community and Social Service 13,639 222 830 1.3% $31,400 $47,200 $55,100

23-0000 Legal 7,502 97 427 1.2% $48,200 $105,200 $133,700

25-0000 Education, Training, and Library 40,427 908 1,441 0.7% $27,300 $52,400 $64,900

27-0000 Arts, Design, Entertainment, Sports, and Media 11,057 274 627 1.2% $29,200 $53,200 $65,200

29-0000 Healthcare Practitioners and Technical 39,991 418 3,933 2.1% $48,900 $79,300 $94,600

31-0000 Healthcare Support 17,806 440 308 0.4% $22,400 $31,200 $35,600

33-0000 Protective Service 15,068 331 -196 -0.3% $27,600 $43,400 $51,300

35-0000 Food Preparation and Serving Related 54,814 2,808 6,259 2.5% $17,300 $23,500 $26,600

37-0000 Building and Grounds Cleaning and Maintenance 24,286 1,064 2,611 2.3% $19,400 $26,400 $29,900

39-0000 Personal Care and Service 29,459 1,061 4,630 3.5% $16,900 $25,600 $29,900

41-0000 Sales and Related 69,408 2,610 1,936 0.6% $19,100 $42,600 $54,300

43-0000 Office and Administrative Support 101,038 2,734 1,778 0.4% $26,200 $38,900 $45,300

45-0000 Farming, Fishing, and Forestry 1,493 103 176 2.5% $21,600 $33,800 $39,900

47-0000 Construction and Extraction 32,591 1,532 3,541 2.3% $31,900 $44,300 $50,400

49-0000 Installation, Maintenance, and Repair 26,788 572 2,156 1.7% $32,200 $50,400 $59,500

51-0000 Production 29,074 1,019 1,084 0.8% $25,400 $37,500 $43,500

53-0000 Transportation and Material Moving 47,977 1,940 8,693 4.1% $22,200 $35,100 $41,500

00-0000 Total - All Occupations 680,490 20,106 52,100 1.6% $28,400 $51,200 $62,700Updated October 2019

Sources: Chmura Economics & Analytics, Jobs EQ; accessed October 2019. Occupational employment of 2019 Q2; wage data is 2018. Updated October 2019