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HomeMy WebLinkAboutApril 25 2018 Work_Session_ with_ EDA_ Agenda_PacketFrederl"'ekVAca ECONOMIC DEVELOPMENT AUTHORITY AGENDA JOINT MEETNIG ECONOMIC DEVELOPMENT AUTHORITY & BOARD OF SUPERVISORS WEDNESDAY, APRIL 25, 2018 1 5:30 PM — 6:30 PM COUNTY ADMINISTRATION BUILDING @ BOARD OF SUPERVISORS MEETING ROOM 107 N. KENT STREET WINCHESTER, VA 1. Call to order 2. Chair's comments 3. Brief recap of activities from since last joint meeting 4. Virginia Economic Development Partnership's view on overall trends in economic development S. Discussion of EDA focus and planned activities for next 12 months 6. Board of Supervisors concurrence/endorsement of EDA focus and planned activities 7. Adjourn YOUR MOVE. OUR COMMITMENT 45 E. Boscawen St. Winchester. VA 22601 0 540-665-0973 0 YesFrederickVA.corn Frederl"'ekVAca ECONOMIC DEVELOPMENT AUTHORITY DATE: April 20, 2018 TO: Frederick County Board of Supervisors FROM: Patrick Barker, CEcD Executive Director CC: Kris Tierney County Administrator RE: Joint Meeting EDA & BOS Background Materials The EDA Board looks forward to its annual discussion and review of the Board of Supervisors' expectations for economic development. This year's agenda (enclosed) will provide a brief recap of activities over the last 12 months. Jay Langston with the Virginia Economic Development Partnership will provide the State's perspective on how corporations are selecting where they plan to invest and/reinvest. Then, the EDA will look to the Board of Supervisors' for their feedback/endorsement to planned activities for the next 12 months. The chief planned EDA activities for 2018-2019 center around short-term workforce and site readiness. Why these two areas? These elements are constantly ranked as some of the top factors with local influence used by corporate decision makers and site consultants when making business location and expansion decisions per Area Development Magazine's Annual Survey. County EDA staff routinely shapes its strategy based on this annual survey. The full combined rankings of each group are included below. YOUR MOVE. OUR COMMITMENT 45 E. Boscawen St. Winchester. VA 22601 0 540-665-0973 0 YesFrederickVA.corn Combined Ratings - CORPORATE SURVEY 2017 Ranking i. fghway accessibilily, 91.3 94.4[1)" 2. labor c osts 91.1 99.613) 3. Availability of skilled labor 88.8 69.812) Qualify of life 97.2 76.4 [101 Tax exemptions 80 79.7 [7) Occupancy or construction coils 83.9 660 [4) Proximiiy to major markets 84 6 75.1 19) Corporate lax rote 83.2 82,.3 [6) Slate and local incentives 81.3 StO [5) Available land 76.9 7b.3 [12) Expedited or "foiKhack"' permitting 76.7 71.7 [13) Froxir,Niy to suppliers 76.4 "0 [20) Energy availability and costs 76.0 7&5 [8) Available buildings 75.9 75.5 [11J Right- to, work stale 74.7 70.1 [16) Training progroms/lechnical colleges 72.8 66.7 [15) lnboundhmtbound shipping costs 71.8 49.1 1171 low union profle 71.4 70.8{14T) 17. Environ mental regulations 701 708[14j 20. Availability of long "term financing 64.6 60 [1ST) 21. Accessibility to major akporl 6&4 S14 [22) 22, Raw materials availability $6.0 517 [211 23. Water availability 55.3 4&3 [24) 24. Availability of unskilled ksbor 52.0 S1.9 [23) 25. Pro)d"iy to Innovabonicommertidmaftar RRD cerders 44.7 39.2 [20 26. Availability of advanced I0 services 42.7 4a9 [25l 27. Waferwayor oceanpodacce%lil ly 31.2 1&1 [28) 28, Railroad service 29.9 33.7 [27) 'Ad figures are percenloges and are the total of the "very important' and "important" ratings of the Pupa DeveJoprnent Corporate Survey and are rounded to the nearest If --nth of o percent, 2016 rarkina Page 2 of 6 Joint Meeting EDA & BOS Background Materials Combined Ratings, CONSULTANTS SURVEY 2017 Site Selection Factors 2017 2016 Ranking Availability of skilled labor 100.0 100.0 (1)" 2Labor coitr 9813 95,6 (3) 2T. Proximity to major markets 98.3 95.9 (3T) 4. State and local incentives 96.6 Kill (3T) S. Highway accessibility 95,0 98.7 (2) 5T Available land 95.0 95.9 (3T) - Available buildings 9$.0 88.9 (11) Accessibility to major airport 9S.0 88,6 (12) Fax exemptions 93.3 95,8 (3T) 10.7ralning progsoms/technical schools 91.7 91.7 (10) 11. Energy eivailobility and costs 9010 93,0(8) 11T, Proximity to suppllers 90.0 93.0 (8T) 13. Expedited or "fast -track" permltling 88.3 87.3 (13) 14. Inbound/outbound shipping costs 88,2 84.6 (15) 15- 0"vpancy or construction cosh 85.0 86.0 (14) 16. low vnlon profile 80.0 82.0 (16) 17. Right-to-work state 78.3 76,4 (19) 18. Enoorim ental regulations 75.0 80.3 (17) 19. Availability of unskilled labor 71.6 49.0 (22) 20. quality-otdife 71.2 43.3 (24) 21. Corporate tax rate 70.0 78.9 (18) 22. Avatlabiilty of advanced IC7 services 67.9 69.5 (21) 23. Raw materials availability 66.6 64.8 (23) 24. Water ovollability 55.0 7P.2 (2o) 26. Railroad service 53.3 45.1 (26) 26. Proximity to Innovation/ commercialisation/RAD centers 51A 42.0 (25) 21. v [abili of Ion .t mtinor in 1.7 figures re per �nages anr� a�e she total of the "very mportant" 40.8 and "Important" ratings of the A[eal}-eyQ opmad Consultants Survey and are rounded to the nearest tenth of a percent. 2016 ranking The EDA has reviewed the list of identified factors and have identified below those areas over which localities have some influence: • Availability of skilled labor • Available land • Quality of life • Local incentives • Expedited or fast track permitting • Training programs/technical schools 45 E. Boscawen St. Winchester, VA 22601 0 540-665-0973 0 Yes Fred eri ckVA. com Page 3 of 6 Joint Meeting EDA & BOS Background Materials Planned Activity #1 1 Partner with local and regional stakeholders to create solutions to current projected workforce needs. As noted in the above ranking, availability of workforce is often cited as a top factor in how corporations and site selectors decide where to invest. Frederick County, like other communities across the Commonwealth and the Nation, face a variety of workforce challenges. Low unemployment, coupled with existing demand from existing employers and new economic development projects, creates a significant issue for the short term and beyond. The EDA plans to further its conversations with County employers and its workforce partners to collaborate on proactive solutions to addressing labor needs. A hardened focus will occur on those occupations with the greatest need and that offer moderate entry levels and a profitable career path. The following table provides a snapshot of those occupations. FREDERICK COUNTY TOR 2 YR OCCUP. BY NEED Irv/ ENTRY SALARY $36,000 + TitleN al Entry Level Experienced Require Tramming Requirement Len -ding 1,NFCU 1 265 1 S55,604 1 $55,6col 4C I Moderete-term 0JT ' ntact Center [NFCUj 1 2001 S45r104 I $4S,1001 HS Short-term OJT eneraland Operati-ons Managers 89 S48;004 I S139,s00 I4C Nune ISO (NFCU) 831 S94r604 1 $94,6001 cc I Moderate -term OJT Elem entary School Teachers, Except Special Education 61 540r904 $63,500 4C Nane Business Operations Specialists, All Other 55 SSV00 $79,3001 4C I None First -Line Supervisors of Production and Operating arkers 53 S36r904 $70,700 HS None First4ine SuperMisnrs of Cbns=ctidn Trades and Extraction Workers 51 S44504 $67,100 HS None Industrial Machinery Mechanics 1 49 S41r000 1 $59,600 HS Long-term OFT ccauntants and Auditors I 4F, 1 541,000 $88,s00 4C Nane condary School Teachers, Except Special and reer[Technical Education FEler=tricians 46 S38r604 $71,100 4C Nane 1 42 S36r304 $58,700 HS Apprenticeship - Managers, All Other 331 S71,6001 S123,90CI 4C Name ManagementAnaIVsIs 1 321 SS4,3001 S107,6001 4C INane Middle School Teachers, Except Special and reerfTechnical Education 30 I S37r704 %9,100 fay Nane _ Loan Of icers 1 26 S37r404 $57,100 BS I Mcpcierate-term_OJT First -Line Supervisors of Mecha nirs, Installers, and Repairers 27 S46r104 $80,700 HS Nane Financial Managers 1 25 S78r404 S173,s00 BS I Nane ' nstruction Managers 25 S74r204 I S212.,300 BS Moderate -term OJT Human Resources Specialists 1 24 S40r204 $81,300 BS I Nacre Farmers, Fla ncher5, and Other Agricultural Ma nagera 23 SS 5r204 I $84,400 HS Nane First -Line Supervisors of Helpers, Laborers, and Material Movers, Hand 23 S42r904 $63,600 HS None ea{hers and Instructors, All Other 1 22 S36r600 $57,100 4C Nane Source: JobsEQ with 2017 Frederick County Announcements In response to this top factor, the EDA will examine concepts that leverage any financial investment, complement existing programs and involve employer participation. For example, potential examples could focus on enhancing/creating a training pool for new and/or incumbent workers while at the same time creating a pipeline for future workforce via a clear 45 E. Boscawen St. Winchester, VA 22601 0 540-665-0973 0 Yes Fred eri ckVA. com Page 4 of 6 Joint Meeting EDA & BOS Background Materials career pathway to high demand occupations, which would include providing educational outreach for students, parents, educators and underemployed individuals. In addition, the EDA will aim to improve the retention and attraction of young adults from regional high schools and universities/community colleges by delivering programs and tactics to overcome to -be identified obstacles and implement talent attraction strategies. Planned Activity #2 1 Encourage development "ready to go" business sites. As noted earlier, available land remains a top factor in site selection by corporations. The need for speed to market matters for most economic development prospects, which chiefly drives why this factor ranks high. Projects are seeking to move in months. For a community to succeed, they need ready to go sites. In short, a ready to go site has the following: • All risks and unknowns have been discovered; • The schedule of how the site can be developed is fully understood; • Costs of development are known and controlled; • The speed of which construction can start is known. The Virginia Business Ready Sites Program was created to enable sites to be evaluated using a tier system that looks at a variety of site factors to include: ownership, zoning, and infrastructure to name a few. A brief description of the different tiers is described below: (i) Tier 1: Site under (a) public ownership, (b) public/private ownership, or (c) private ownership which such private owner(s) agreeable to marketing the site for economic development purposes and to allowing access to the property for site assessment and marketing purposes, but at no established sales price. Comprehensive plan reflects site as appropriate for industrial or commercial development and use, but site is not zoned as such. Site has minimal or no infrastructure. Minimal or no due diligence has been performed. (ii) Tier 2: Site under (a) public ownership, (b) public/private ownership, or (c) private ownership with an option agreement or other documentation of a commitment by the private owner(s) to a competitive sales price, to permit access to the site for site assessment, construction, and marketing, and to market the site for industrial or commercial economic development purposes. Comprehensive Plan reflects site intended for industrial or commercial development and use, but site is not zoned as such and a rezoning hearing needs to be scheduled. Site has minimal or no infrastructure. Minimal or no due diligence has been performed. (iii) Tier 3: Site is zoned for industrial or commercial development and use. Site has minimal or no infrastructure. Due diligence including, among other things, a wetlands survey with Army Corps of Engineers approval within the last five years, geotechnical borings, boundary and topographical survey, cultural resources review, 45 E. Boscawen St. Winchester. VA 22601 • S40-665-4973 • Yes Fred eri ckVA. com Page 5 of 6 Joint Meeting EDA & BOS Background Materials an Endangered Species review, and a Phase I Environmental Site Assessment, has been completed. Estimated costs of development have been quantified. (iv) Tier 4: All infrastructure is in place or will be deliverable within 12 months. All permit issues have been identified and quantified. (v) Tier 5: All permits are in place and the site is ready for a site disturbance permit from the locality in which the site is located. In response to this top factor, the EDA is proposing to undertake a site assessment of the large land bays in Frederick County and evaluate those parcels using the guidelines of the Virginia Business Ready Sites Program. This site assessment will determine the current tier level, and any additional actions needed to move the site to the next tier. At the conclusion of the site assessment exercise, the EDA will communicate with the sites' landowners and their site development partners to collaborate on solutions to improve the tier status of these sites. The EDA is seeking the Board of Supervisors' endorsement or concurrence with the two identified activities for the next 12 months: Planned Activity #1 1 Partner with local and regional stakeholders to create solutions to current projected workforce needs Planned Activity #2 1 Encourage development of "ready to go" business sites. Should you have any questions regarding either of these planned activities, please do not hesitate to contact me. 45 E. Boscawen St. Winchester. VA 22601 0 540-665-0973 0 Yes Fred eri ckVA. com Page 6of6 Joint Meeting EDA & BOS Background Materials Jay A. Langston Biography Jay Langston is the Managing Director of Business Retention & Expansion within the Business Investment division of the Virginia Economic Development Partnership. He is responsible for coordinating the Business Retention & Expansion Managers on existing business calls in collaboration with Virginia's Localities. In his tenure with VEDP, he has been Sr. Advisor, coordinating with VTC and performing community assistance, Sr. Coordinating Director and Sr. Research Manager. Prior to joining the Virginia Economic Development Partnership, Jay spent eight years as the executive director of Virginia's Gateway Region, and seven years with the Chesterfield County Department of Economic Development as the senior marketing representative. He began his economic development career in Georgia where he was a Project Manager for the Georgia Department of Industry & Trade. Jay graduated with a B.S. in Industrial Management from Georgia Tech, a Masters in Public Administration and a Ph.D. in Public Policy at VCU. He served a president and was an officer for 7 years for the Virginia Economic Developers Association, and has served in board and advisory capacities with numerous organizations. 45 E. Boscawen St. Winchester. VA 22601 0 540-665-0973 0 Yes Fred eri ckVA. com