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EDAAgenda2023January5     ECONOMIC DEVELOPMENT AUTHORITY  | THURSDAY, JANUARY 5TH|  | 8:00 AM |  COUNTY ADMINISTRATION BUILDING @ FIRST FLOOR CONFERENCE ROOM   107 KENT STREET WINCHESTER, VA      1. Call to Order  2. Approval of Minutes – December 1, 2022 || ACTION  3. Treasurer’s Report || ACTION  4. Annual Meeting || ACTION   Election of Chair ,Vice Chair, Secretary, and Treasurer and establish days, times,  and places for its regular meetings (First Thursdays of each month at 8:00 am,  107 North Kent Street)    5. FredCo Eats: Restaurant Week || INFORMATION   Update on the initiative that will celebrate Frederick County’s local restaurants  and promote this sector    6. Target Industry Analysis Update | Value Proposition Update || DISCUSSION   Update on value proposition for industry targets using benchmark analysis by  Chmura Economics    7. Priority Actions for Target Industry Competitiveness || INFORMATION   Update to short term action plans to improve Frederick County’s competitiveness  for its Target Industries    8. Grocery Store Attraction || INFORMATION   Update on progress of contacting grocery stores.    9. Closed Session in accordance with Section 2.2‐3711(A)(5) for the discussion concerning a  prospective business or industry where no previous announcement has been made of the  business or industry’s interest in locating its facilities in the community.    10. Such other business as may come before this Authority        DATE:    December 30, 2022    TO:    Board of Directors,  Frederick County Economic Development Authority    FROM:   Patrick Barker, CEcD  Executive Director    CC:    Jay Tibbs  Deputy County Administrator    RE:    Annual Meeting    The EDA Bylaws call for an annual meeting prior to March 1 of each year.  Officers are elected at this  time.   Officers of the Authority currently include a Chair (Doug Rinker), a Vice‐Chair (Rick Till) and  Secretary/Treasurer (Jay Tibbs).  Chair and Vice‐ Chair are selected from the membership, whereas,  the Secretary and Treasurer, or a Secretary‐Treasurer, can be from the membership or not, as the  EDA Board desires.    Article 3 of the bylaws provides a description of the positions.       The Chair shall preside at all meetings of the Authority; shall be responsible for notice of  meetings to the Directors and officers of the Authority; shall be responsible for all  correspondence; shall make committee appointments; may appoint members of the Authority  as liaison to any other governmental agencies; authorities and commissions; shall act as  signatory on behalf of the Authority when authorized; and shall perform such other duties as are  incident to his office or may properly be required of him by the Board of Directors.     The Vice‐Chair shall, in the absence of the Chair, exercise all of the Chair's powers and duties. In  the event the office of Chair shall become vacant, the Vice‐Chair shall immediately become the  Chair.     The Secretary shall transcribe detailed minutes of every meeting or proceeding of the Authority;  shall issue notices for all meetings; shall keep the seal of the Authority and all books and records  of the Authority; and shall perform such other duties as may be directed by the Board of  Directors.     The Treasurer shall have the custody of all funds and securities of the Authority and shall  deposit the same in the name of the Authority in such bank or banks as the Directors may from  time to time determine; shall sign all checks, drafts, notes and orders for the payment of  moneys and shall pay out and dispose of the same under the direction of the Chair.       MINUTES  ECONOMIC DEVELOPMENT AUTHORITY  | THURSDAY, DECEMBER 1, 2022 |    A meeting of the Frederick County Economic Development Authority was held on  Thursday, December 1, 2022, at 8:00 a.m. in the County Administration Building, First  Floor Conference Room, 107 North Kent Street, Winchester, Virginia.     PRESENT:  Judy McCann‐Slaughter, Bryan Fairbanks, Rick Till, Stan Crockett, Karen  Swecker and Doug Rinker.      STAFF:  Patrick Barker, Shayla Rickard, Wendy May and Donna McIlwee, Frederick  County Economic Development Authority, Jay Tibbs, Deputy County Administrator, and  Michael Bryan, Attorney    MEETING CALLED TO ORDER: Chairman Rinker called the meeting to order at 8:00 a.m.    APPROVAL  OF MINUTES    The minutes from the October 6, 2022, and November 3, 2022, meetings were presented.       On motion duly made by Mr. Crockett and seconded by Mr. Fairbanks, the minutes were  approved by the following recorded vote:       J. Stanley Crockett  Aye     Bryan Fairbanks  Aye     Doug Rinker    Aye     Judy McCann‐Slaughter Aye     Karen Swecker  Aye     Rick Till    Aye     TREASURER'S  REPORT    Mr. Barker submitted the following report:    Checking Account ‐ Bank of Clarke County as of September 30, 2022 ‐ $22,092.56  Savings Account ‐ Scott & Stringfellow as of September 30, 2022 ‐ $1,419,574.24    On motion of Ms. McCann‐Slaughter, seconded by Mr. Crockett, the Treasurer’s  Report was approved by the following recorded vote:      Page 2 of 4  Frederick County EDA Meeting Minutes | December 1, 2022    J. Stanley Crockett  Aye     Bryan Fairbanks  Aye     Doug Rinker    Aye     Judy McCann‐Slaughter Aye     Karen Swecker  Aye     Rick Till    Aye    EDA STRATEGY    Mr. Barker reviewed the changes/updates made to this document as suggested by Board  members.      Ms. McCann‐Slaughter made a motion to approve the Strategy as presented.  Motion was  seconded by Mr. Fairbanks.    Under discussion, Ms. McCann‐Slaughter stated it would be helpful when doing a year‐end  review to show a comparison of goals in the Strategy versus what was accomplished.    Mr. Fairbanks complimented staff on this document.    Upon voting to accept the Strategy document as presented, it was approved by the following  recorded vote:      Stanley Crockett  Aye     Bryan Fairbanks  Aye     Doug Rinker    Aye     Judy McCann‐Slaughter Aye     Karen Swecker  Aye     Rick Till    Aye    EDA BUDGET FY24    Mr. Barker presented for review and recommendation, if appropriate, the FY 24 budget which  seeks to implement the adopted EDA Strategy.  The proposed budget request is an increase of  $112,257 or 17.4% over the previous year.  The requested increase comes from 3 areas:   $15,000 or 13% for bilingual services by the Small Business Development Center; $52,000 or  46% for the conversion of a part‐time position to full‐time; and $45,500 for the salary survey  implementation.    Ms. McCann‐Slaughter asked Mr. Barker to explain the manufacturing bootcamp so that Board  members are aware of the program.    On motion of Mr. Fairbanks, seconded by Mr. Crockett, the proposed FY24 budget as presented  was approved for submission to the BOS for final approval by the following recorded vote:  Page 3 of 4  Frederick County EDA Meeting Minutes | December 1, 2022      Stanley Crockett  Aye     Bryan Fairbanks  Aye     Doug Rinker    Aye     Judy McCann‐Slaughter Aye     Karen Swecker  Aye     Rick Till    Aye    CLOSED SESSION     Upon Motion duly made by Mr. Crockett, seconded by Ms. McCann‐Slaughter, the Authority  unanimously RESOLVED to go into a closed meeting pursuant to Section 2.2‐3711(A)(3) for the  discussion and consideration of the acquisition of real property for a public purpose, or of the  disposition of publicly held real property, where discussion in an open meeting would adversely  affect the bargaining position or negotiating strategy of the Authority, and pursuant to Section  2.2‐3711(A)(5) for discussion concerning a prospective business or industry where no previous  announcement has been made of the business or industry’s interest in locating or expanding its  facilities in the community.    RETURN TO OPEN MEETING    At the conclusion of the closed meeting concerning the discussion concerning the acquisition of  real property for a public purpose, or of the disposition of publicly held real property, where  discussion in an open meeting would adversely affect the bargaining position or negotiating  strategy of the Authority, and the discussion concerning a prospective business or industry  where no previous announcement has been made of the business or industry’s interest in  locating its facilities in the community, the following Resolution was unanimously adopted upon  roll call vote as set forth below:    WHEREAS, the Economic Development Authority of the County of  Frederick, Virginia has concluded its “closed meeting” at a meeting held  on December 1, 2022, and desires return to an “open meeting”; and    WHEREAS, the adoption of this Resolution is intended to serve as the  “Certificate” described in Section 2.2‐3712(D) of the Code of Virginia  (1950, as amended).    NOW THEREFORE, BE IT RESOLVED that the Economic Development  Authority of the County of Frederick, Virginia does hereby reconvene in  an “open meeting” at its meeting held on December 1, 2022; and          BE IT FURTHER RESOLVED that each and every Member of said Authority  who votes in the affirmative for this Resolution does thereby certify to  the best of each Member’s knowledge that only public business matters  Page 4 of 4  Frederick County EDA Meeting Minutes | December 1, 2022  lawfully exempted from open meeting requirements of the Virginia  Freedom of Information Act were heard, discussed or considered during  the closed meeting, and that only such public business matters as were  identified in the Motion which convened the closed meeting were heard,  discussed or considered during the course of said closed meeting by the  Authority:         Roll Call     Vote      J. Stanley Crockett    Aye      Bryan Fairbanks    Aye      Doug Rinker     Aye      Judy McCann‐Slaughter    Aye      Karen Swecker     Aye      Rick Till     Aye    Ms. McCann‐Slaughter made a motion, seconded by Mr. Crockett, that staff be authorized to  proceed on the matter that was discussed in closed session.    Roll Call     Vote      J. Stanley Crockett    Aye      Bryan Fairbanks    Aye      Doug Rinker     Aye      Judy McCann‐Slaughter    Aye      Karen Swecker     Aye      Rick Till     Aye         ADJOURN    There being no further business to come before this Authority, the meeting was adjourned at  8:45 a.m.               ________________________________    ____________________________                Doug Rinker         Jay Tibbs                Chairman         Secretary  TREASURER'S REPORT SYNOPSIS ECONOMIC DEVELOPMENT AUTHORITY October 31, 2022 BANK OF CLARKE COUNTY Beginning Bank Statement Balance - as of September 30, 2022 $22,092.56 Total Deposits $0.00 Total Disbursements -$16,622.50 BANK STATEMENT BALANCE AS OF October 31, 2022 $5,470.06 SCOTT & STRINGFELLOW Beginning Bank Statement Balance - as of September 30, 2022 $1,419,574.24 Total Deposits $2,064.75 Total Disbursements $0.00 BANK STATEMENT BALANCE AS OF October 31, 2022 $1,421,638.99 TREASURER'S REPORT ECONOMIC DEVELOPMENT AUTHORITY October 31, 2022 BANK OF CLARKE COUNTY Beginning Bank Statement Balance - as of September 30, 2022 $22,092.56 Deposits TOTAL DEPOSITS $0.00 Disbursements 1607 9/19/2022 Michael L. Bryan (Legal Fees) -$1,622.50 1608 9/19/2022 Laurel Ridge Community College (Hispanic/Latino Business Consulting Svcs) -$15,000.00 TOTAL DISBURSEMENTS -$16,622.50 BANK STATEMENT BALANCE AS OF October 31, 2022 $5,470.06 TREASURER'S REPORT ECONOMIC DEVELOPMENT AUTHORITY October 31, 2022 SCOTT & STRINGFELLOW Beginning Bank Statement Balance - as of September 30, 2022 $1,419,574.24 Deposits 10/31/2022 Interest $2,064.75 TOTAL DEPOSITS $2,064.75 Disbursements TOTAL DISBURSEMENTS $0.00 BANK STATEMENT BALANCE AS OF October 31, 2022 $1,421,638.99 ** $707,000 represents proceeds from the sale of the Robinson School. For questions about your accounts: STATEMENT FOR THE PERIOD OCTOBER 1, 2022 TO OCTOBER 31, 2022 ECONOMIC DEV AUTH OF THE CNTY OF FREDERICK VA - Corporation Account Number: ENV# CEBNBKMMBBCNQTR_BBBBB TRUIST INVESTMENT SERVICES INC ECONOMIC DEV AUTH OF THE CNTY OF FREDERICK VA YOUR FINANCIAL ADVISOR IS: Truist Investment Services, Inc.Account carried with National Financial Services LLC, Member NYSE, SIPC Page 1 of 8 TOTAL VALUE OF YOUR PORTFOLIO $1,421,638.99 CHANGE IN VALUE OF YOUR PORTFOLIO $ millions 03/21 06/21 09/21 12/21 03/22 06/22 09/22 CURRENT 1.295 1.340 1.385 1.431 1.476 Change In Value Of Your Portfolio information can be found in Miscellaneous Footnotes at the end of this statement. Statement for the Period October 1, 2022 to October 31, 2022 ECONOMIC DEV AUTH OF THE CNTY OF FREDERICK VA - Corporation Account Number: Page 2 of 8 Account Overview Truist Investment Services, Inc.Account carried with National Financial Services LLC, Member NYSE, SIPC Page 2 of 8 ACCOUNT ALLOCATION Bank Deposits 100.0% Percent Prior Period Current Period Bank Deposits 100.0 %$1,419,574.24 $1,421,638.99 TOTAL 100.0 %$1,419,574.24 $1,421,638.99 Account Allocation shows the percentage that each asset class represents of your total account value. Account Allocation for equities, fixed income, and other categories may include mutual funds and may be net of short positions. NFS has made assumptions concerning how certain mutual funds are allocated. Closed-end mutual funds and Exchange Traded Products (ETPs) listed on an exchange may be included in the equity allocation. The chart may not reflect your actual portfolio allocation. Consult your broker/dealer prior to making investment decisions. CHANGE IN ACCOUNT VALUE Current Period Year-to-Date BEGINNING VALUE $1,419,574.24 $1,465,770.11 Additions and Withdrawals $0.00 ($50,000.00) Misc. & Corporate Actions $0.00 $0.00 Income $2,064.75 $5,868.88 Taxes,Fees and Expenses $0.00 $0.00 Change in Value $0.00 $0.00 ENDING VALUE (AS OF 10/31/22)$1,421,638.99 $1,421,638.99 Refer to Miscellaneous Footnotes for more information on Change in Value. INCOME TAXABLE Current Period Year-to-Date Taxable Interest $2,064.75 $5,868.88 TOTAL TAXABLE $2,064.75 $5,868.88 TOTAL INCOME $2,064.75 $5,868.88 Taxable income is determined based on information available to NFS at the time the statement was prepared, and is subject to change. Final information on taxation of interest and dividends is available on Form 1099-Div, which is mailed in February of the subsequent year. MESSAGES AND ALERTS *NOT FDIC INSURED*NO BANK GUARANTEE*MAY LOSE VALUE Services provided by the following affiliates of Truist Financial Corporation. Securities, brokerage accounts and insurance- including annuities-are offered by Truist Investment Services, Inc., a SEC registered broker-dealer, member FINRA, SIPC, and a licensed insurance agency. Investment advisory services are offered by Truist Advisory Services, Inc. , and GFO Advisory Services, LLC, SEC registered investment advisers. Mutual fund products are advised by Sterling Capital Management, LLC. If you have an investment advisory agreement with Truist Advisory Services, Inc., only advisory share class annuities referenced under the Assets Held Away section of this statement are included in your investment advisory assets. Truist Advisory Services, Inc. does not provide ongoing investment advice or charge advisory fees on non-advisory share class annuities. Statement for the Period October 1, 2022 to October 31, 2022 ECONOMIC DEV AUTH OF THE CNTY OF FREDERICK VA - Corporation Account Number: Page 3 of 8 Account Overview continued Truist Investment Services, Inc.Account carried with National Financial Services LLC, Member NYSE, SIPC Page 3 of 8 MESSAGES AND ALERTS continued Please consult with your financial advisor prior to making investment decisions and promptly inform your financial advisor of any changes to your financial situation or investment objectives or if you wish to impose or modify reasonable restrictions with regard to the management of your account. Visit www.truist.com/wealth/tis-disclosure for Truist Investment Services clear, easy-to-understand information related to its products, accounts, and services, including disclosures relating to the SEC Regulation Best Interest and Volatile Markets. Statement for the Period October 1, 2022 to October 31, 2022 ECONOMIC DEV AUTH OF THE CNTY OF FREDERICK VA - Corporation Account Number: Page 4 of 8 Truist Investment Services, Inc.Account carried with National Financial Services LLC, Member NYSE, SIPC Holdings NFS-provided cost basis, realized gain (loss) and holding period information may not reflect all adjustments necessary for tax purposes. Please refer to Footnotes and Cost Basis Information at the end of this statement for more information. For additional information regarding your holdings, please refer to the footnotes at the end of the statement. CASH AND CASH EQUIVALENTS - 100.00% of Total Account Value Description Symbol/Cusip Account Type Quantity Price on 10/31/22 Current Market Value Estimated Annual Income Bank Deposits Bank deposits are not securities and are not covered by the Securities Investor Protection Corporation (SIPC). Funds used to purchase or sweep to a bank deposit are SIPC protected until deposited to a Program Bank at which time funds may be eligible for FDIC insurance. Customers are responsible for monitoring their total deposits at each Program Bank to determine the extent of available FDIC insurance. Refer to the Bank Deposit Detail section which appears later in this statement for information on the banks holding your deposits. If your account was established on the last business day of this month, your statement will not include a Bank Deposit Detail section. The Interest Rate below is the interest rate effective for Cash Balances in your FDIC-Insured Bank Deposit Sweep on the last day of the statement period. TIERED RATE MULTIBANK SWEEP NON-MANAGED QTMNQ Interest Rate 1.73%CASH 1,421,638.99 $1.00 $1,421,638.99 Total Cash and Cash Equivalents $1,421,638.99 TOTAL PORTFOLIO VALUE $1,421,638.99 Activity NFS-provided cost basis, realized gain (loss) and holding period information may not reflect all adjustments necessary for tax purposes. Please refer to Footnotes and Cost Basis Information at the end of this statement for more information. CORE FUND ACTIVITY For more information about the operation of your core account, please refer to your Customer Agreement. Settlement Date Account Type Transaction Description Quantity Amount 10/31/22 CASH REINVESTMENT TIERED RATE MULTIBANK SWEEP NON-MANAGED NET INT REINVEST 2,064.75 ($2,064.75) Statement for the Period October 1, 2022 to October 31, 2022 ECONOMIC DEV AUTH OF THE CNTY OF FREDERICK VA - Corporation Account Number: Page 5 of 8 Truist Investment Services, Inc.Account carried with National Financial Services LLC, Member NYSE, SIPC Page 5 of 8 ACTIVITY continued Amount TOTAL CORE FUND ACTIVITY ($2,064.75) ACTIVITY >INCOME > TAXABLE INCOME Settlement Date Account Type Transaction Description Quantity Amount Taxable Interest 10/31/22 CASH INTEREST RECEIVED TIERED RATE MULTIBANK SWEEP NON-MANAGED $2,064.75 Total Taxable Interest $2,064.75 Total Taxable Income $2,064.75 TOTAL INCOME $2,064.75 ACTIVITY > BANK DEPOSIT DETAIL Bank Deposits are not securities and are not covered by the Securities Investor Protection Corporation (SIPC). Funds are not FDIC insured until swept to a Program Bank. Customers are responsible for monitoring their total deposits at each Program Bank to determine the extent of available FDIC insurance. Your ending balance at each Program Bank as of the end of this statement period is shown below. If you participate in the Bank Deposit Sweep Program, the Bank Deposit Detail section lists banks and ending balances. Funds pending settlement reflect deposits to (credit) or withdrawals from (debit) to a Program Bank. Please refer to the Program Disclosure document for additional details that may impact the program. Bank Beginning Balance Ending Balance Bank of Baroda $246,810.65 $246,858.56 BankUnited $1,558.97 $3,116.60 East West Bank $183,767.63 $184,034.92 Goldman Sachs Bank $246,810.65 $246,858.56 JPMorgan Chase Bank NA $246,810.65 $246,858.56 Synovus Bank $246,810.65 $246,858.56 Truist Bank $246,810.65 $246,858.56 Statement for the Period October 1, 2022 to October 31, 2022 ECONOMIC DEV AUTH OF THE CNTY OF FREDERICK VA - Corporation Account Number: Page 6 of 8 Truist Investment Services, Inc.Account carried with National Financial Services LLC, Member NYSE, SIPC Page 6 of 8 ACTIVITY > BANK DEPOSIT DETAIL continued Bank Beginning Balance Ending Balance US Bank $194.39 $194.67 Total Bank Deposits $1,419,574.24 $1,421,638.99 Footnotes and Cost Basis Information Amortization, accretion and similar adjustments to cost basis have been provided for many fixed income securities (and some bond-like equities), however, they are not provided for certain types, such as short-term instruments, Unit Investment Trusts, foreign fixed income securities, or those that are subject to early prepayment of principal (pay downs). Where current year premium or acquisition premium amortization is provided, the prior years' cumulative amortization is reflected in the adjusted cost basis, but we cannot provide a breakdown or the total of such prior amortization amounts. NFS is required to report certain cost basis and related information to the IRS on the Form 1099-B. Your official 1099-B forms for certain transactions will reflect which lots have been sold for tax purposes. To apply a specific identification cost basis method to 1099-B reporting, appropriate instructions must be on file with NFS or be received by NFS before the trade has settled. Absent such instructions, NFS determines cost basis at the time of sale based on its default methods of average cost for open-end mutual funds and first-in, first-out (FIFO) for all other (including ETFs) unless your broker dealer has elected to use another default method. NFS applies FIFO (or other disposal method, if applicable) based on its records, which may be different from yours. For transactions that are not subject to 1099-B cost basis reporting, you should refer to your trade confirmations and other applicable records to determine which lots were considered sold for tax purposes. While NFS must meet IRS requirements with respect to certain information required to be reported to the IRS, NFS-provided cost basis, realized gain and loss, and holding period information may not reflect all adjustments necessary for your tax reporting purposes. NFS makes no warranties with respect to and specifically disclaims any liability arising out of a customer's use of, or any tax position taken in reliance upon, such information. For investments in partnerships, NFS does not make any adjustments to cost basis information as the calculation of basis in such investments requires supplemental information from the partnership on its income and distributions during the period you held your investment. Partnerships usually provide this additional information on a Form K-1 issued by April 15th of the following year. Consult your tax advisor for further information. Cost basis and gain/loss information is provided as a service to corporate accounts. The information listed in the year-to-date gain/loss summary section is based on a calendar year (January - December). If your business/entity has a fiscal year end other than December 31st for tax purposes, the year-to-date information will not apply. If you have questions about your tax situation, consult your tax advisor. Statement for the Period October 1, 2022 to October 31, 2022 ECONOMIC DEV AUTH OF THE CNTY OF FREDERICK VA - Corporation Account Number: Page 7 of 8 Truist Investment Services, Inc.Account carried with National Financial Services LLC, Member NYSE, SIPC Page 7 of 8 Miscellaneous Footnotes CHANGE IN VALUE OF YOUR PORTFOLIO is the change in market value of your portfolio assets over the time period shown. The portfolio assets include the market value of all the securities in the account, plus insurance and annuity assets if applicable. The time frame of the graph is from account opening or September 2011, whichever is later, to the current period. Please note that large increases and/or declines in the change in the value of the portfolio can be due to additions, distribution and/or performance. CHANGE IN VALUE reflects appreciation or depreciation of your holdings due to price changes plus any activity not reflected within Additions and Withdrawals, Misc. & Corporate Actions, Income, Taxes, Fees and Expenses, and Other Activity sections. Change in Value does not reflect activity related to assets in which NFS is not the custodian (e.g. Insurance and Annuities, Assets Held Away and Other Assets Held Away). CALLABLE SECURITIES LOTTERY - When street name or bearer securities held for you are subject to a partial call or partial redemption by the issuer, NFS may or may not receive an allocation of called/redeemed securities by the issuer, transfer agent and/or depository. If NFS is allocated a portion of the called/redeemed securities, NFS utilizes an impartial lottery allocation system, in accordance with applicable rules, that randomly selects the securities within customer accounts that will be called/redeemed. NFS' allocations are not made on a pro rata basis and it is possible for you to receive a full or partial allocation, or no allocation. You have the right to withdraw uncalled fully paid securities at any time prior to the cutoff date and time established by the issuer, transfer agent and/or depository with respect to the partial call, and also to withdraw excess margin securities provided your account is not subject to restriction under Regulation T or such withdrawal will not cause an undermargined condition. PRICING INFORMATION - Prices displayed are obtained from sources that may include pricing vendors, broker/dealers who clear through NFS and/or other sources. Prices may not reflect current fair market value and/or may not be readily marketable or redeemable at the prices shown. FOREIGN EXCHANGE TRANSACTIONS - Some transaction types necessitate a foreign currency exchange (FX) in order to settle. FX transactions may be effected by Fidelity Forex, LLC. on a principal basis. Fidelity Forex, LLC., an affiliate of NFS, may impose a commission or markup on the prevailing interbank market price, which may result in a higher price to you. Fidelity Forex, LLC. may share a portion of any FX commission or markup with NFS. More favorable rates may be available through third parties not affiliated with NFS. The rate applicable to any transaction involving an FX is available upon request through your broker-dealer. COST BASIS LEGISLATION - New IRS Rules will require National Financial Services to report cost basis and holding period information for the sale of shares of open end Mutual Fund holdings purchased on or after January 1, 2012 on Form 1099-B. National Financial Services determines the cost basis for all shares of open end mutual funds using a default method of average cost. Alternatively, account owners or their brokers and advisors can instruct National Financial Services to determine the cost basis for shares of open end mutual funds by 1) setting up their non-retirement accounts with one of our eleven tax lot disposal methods available to investors or 2) identifying specific tax lots to sell at the time of a transaction. Contact your broker or advisor to learn more about the cost basis tracking of your holdings. GLOSSARY Short Account Balances -If you have sold securities under the short sale rule, we have, in accordance with regulations, segregated the proceeds from such transactions in your Short Account. Any market increases or decreases from the original sale price will be marked to the market and will be transferred to your Margin Account on a weekly basis. Market Value - The Total Market Value has been calculated out to 9 decimal places but the individual unit price is displayed in 5 decimal places. The Total Market Value represents prices obtained from various sources, may be impacted by the frequency in which such prices are reported and such prices are not guaranteed. Prices received from pricing vendors are generally based on current market quotes, but when such quotes are not available the pricing vendors use a variety of techniques to estimate value. These estimates, particularly for fixed income securities, may be based on certain minimum principal amounts (e.g. $1 million) and may not reflect all of the factors that affect the value of the security, including liquidity risk. In certain situations, a price may be derived from a single broker quote. The prices provided are not firm bids or offers. Certain securities may reflect "N/A" or "unavailable" where the price for such security is generally not available from a pricing source. The Market Value of a security, including those priced at par value, may differ from its purchase price and may not closely reflect the value at which the security may be sold or purchased based on various market factors. Investment decisions should be made only after consulting your broker-dealer. Estimated Annual Income (EAI) & Estimated Yield (EY) -EAI for fixed income is calculated using the coupon rate. For all other securities, EAI is calculated using an indicated annual dividend (IAD). The IAD is an estimate of a security's dividend payments for the next 12 months calculated based on prior and/or declared dividends for that security. EY reflects only the income generated by an investment and not changes in its price which may fluctuate. Interest and dividend rates are subject to change at any time and may be affected by current and future economic, political and business conditions. EAI and EY are estimates only and may include return of principal and/or capital gains, which would render them overstated. EAI and EY are provided for informational purposes only and should not be used or relied on for making investment, trading or tax decisions. EAI and EY are based on data obtained from information providers believed to be reliable, but no assurance can be made as to accuracy, timeliness or completeness. CUSTOMER SERVICE: Please review your statement and report any inaccuracy or discrepancy immediately by calling the telephone number of your broker-dealer reflected on the front of this statement. Reports of any inaccuracy or discrepancy regarding your brokerage account or the activity therein should be directed to your broker-dealer at the telephone number and address reflected on the front of this statement and National Financial Services LLC ("NFS"). NFS carries your brokerage account and acts as your custodian for funds and securities that are deposited with NFS by you or your broker-dealer. In addition to your initial contact with your broker-dealer you may contact NFS at (800) 801-9942. Any oral communications regarding inaccuracies or discrepancies should be reconfirmed in writing to protect your rights, including those under the Securities Investor Protection Act ("SIPA"). When contacting either your broker-dealer or NFS, remember to include your entire brokerage account number to ensure a prompt reply. ADDITIONAL INFORMATION Free credit balances ("FCB") are funds payable to you on demand. FCB are subject to open commitments such as uncleared checks and exclude proceeds from sales of certificated securities without delivery of the certificate. If your FCB is swept to a core position, you can liquidate the core position and have the proceeds sent to you or held in your account subject to the terms of your account agreement. Required rule 10b-10(a) information not contained herein will be provided on written request. Fidelity may use this free credit balance in connection with its business, subject to applicable law. Credit Adjustment Program. Accountholders receiving payments in lieu of qualified dividends may not be eligible to receive credit adjustments intended to help cover additional associated federal tax burdens. NFS reserves the right to deny the adjustment to any accountholder and to amend or terminate the credit adjustment program. Options Customers. Each transaction confirmation previously delivered to you contains full information about commissions and other charges. If you require further information, please contact your broker-dealer. Assignments of American and European-style options are allocated among customer short positions pursuant to a random allocation procedure, a description of which is available upon request. Short positions in American-style options are liable for assignment at any time. The writer of a European-style option is subject to exercise assignment only during the exercise period. You should advise your broker-dealer promptly of any material change in your investment objectives or financial situation. Splits, Dividends, and Interest. Expected stock split, next dividend payable, and next interest payable information has been provided by third parties and may be subject to change. Information for certain securities may be missing if not received from third parties in time for printing. NFS is not responsible for inaccurate, incomplete, or missing information. Please consult your broker-dealer for more information about expected stock split, next dividend payable, and next interest payable for certain securities. Equity Dividend Reinvestment Customers. Shares credited to your brokerage account resulted from transactions effected as agent by either: 1) Your broker-dealer for your investment account, or 2) through the Depository Trust Company (DTC) dividend reinvestment program. For broker-dealer effected transactions, the time of the transactions, the exchange upon which these transactions occurred and the name of the person from whom the security was purchased will be furnished upon written request. NFS may have acted as market maker in effecting trades in 'over-the-counter 'securities. Retirement Contributions/Distributions. A summary of retirement contributions/distributions is displayed for you in the activity summary section of your statement. Income Reporting. NFS reports earnings from investments in Traditional IRAs, Rollover IRAs, SEP-IRAs and, Keoghs as tax-deferred income. Earnings from Roth IRAs are reported as tax-free income, since distributions may be tax-free after meeting the 5 year aging requirement and certain other conditions. A financial statement of NFS is available for your personal inspection at its office or a copy of it will be mailed to you upon your written request. Statement Mailing. NFS will deliver statements by mail or, if applicable, notify you by e-mail of your statement's availability, if you had transactions that affected your cash balances or security positions held in your account(s) during the last monthly reporting period. At a minimum, all brokerage customers will receive quarterly statements (at least four times per calendar year) as long as their accounts contain a cash or securities balance. Sales Loads and Fees. In connection with (i) access to, purchase or redemption of, and/or maintenance of positions in mutual funds and other investment products such as alternative investments or private placements ("funds") or (ii) infrastructure needed to support such funds, some funds, or their investment affiliates, pay your introducing broker dealer and/or NFS sales loads and 12b-1 fees described in the Offering Materials as well as additional compensation for shareholder services, start-up fees, infrastructure support and maintenance, and marketing, engagement and analytics programs. Additional information about the source(s) and amount(s) of compensation as well as other remuneration received by FBS or NFS will be furnished to you upon written request. At time of purchase fund shares may be assigned a load, transaction fee or no transaction fee status. At time of sale, any fees applicable to your transaction will be assessed based on the status assigned to the shares at time of purchase. Margin. If you have applied for margin privileges and been approved, you may borrow money from NFS in exchange for pledging the assets in your account as collateral for any outstanding margin loan. The amount you may borrow is based on the value of securities in your margin account, which is identified on your statement. If you have a margin account, this is a combined statement of your margin account and special memorandum account other than your non-purpose margin accounts maintained for you under Section 220.5 of Regulation T issued by the Board of Governors of the Federal Reserve Board. The permanent record of the separate account, as required by Regulation T, is available for your inspection upon request. NYSE and FINRA. All transactions are subject to the constitution, rules, regulations, customs, usages, rulings and interpretations of the exchange market and its clearing house, if any, where the transactions are executed, and of the New York Stock Exchange (NYSE) and of the Financial Industry Regulatory Authority ("FINRA"). The FINRA requires that we notify you in writing of the availability of an investor brochure that includes information describing FINRA Regulation's BrokerCheck Program ("Program"). To obtain a brochure or more information about the Program or FINRA Regulation, contact the FINRA Regulation BrokerCheck Program Hotline at (800) 289-9999 or access the FINRA's web site at www.finra.org. FINRA Rule 4311 requires that your broker-dealer and NFS allocate between them certain functions regarding the administration of your brokerage account. The following is a summary of the allocation services performed by your broker-dealer and NFS. A more complete description is available upon request. Your broker-dealer is responsible for: (1) obtaining and verifying brokerage account information and documentation, (2) opening, approving and monitoring your brokerage account, (3) transmitting timely and accurate orders and other instructions to NFS with respect to your brokerage account, (4) determining the suitability of investment recommendations and advice, (5) operating, and supervising your brokerage account and its own activities in compliance with applicable laws and regulations including compliance with margin rules pertaining to your margin account, if applicable, and (6) maintaining required books and records for the services that it performs. NFS shall, at the direction of your broker-dealer: (1) execute, clear and settle transactions processed through NFS by your broker-dealer, (2) prepare and send transaction confirmations and periodic statements of your brokerage account (unless your broker-dealer has undertaken to do so). Certain securities pricing and descriptive information may be provided by your broker-dealer or obtained from third parties deemed to be reliable, however, this information has not been verified by NFS, (3) act as custodian for funds and securities received by NFS on your behalf, (4) follow the instructions of your broker-dealer with respect to transactions and the receipt and delivery of funds and securities for your brokerage account, and (5) extend margin credit for purchasing or carrying securities on margin. Your broker-dealer is responsible for ensuring that your brokerage account is in compliance with federal, industry and NFS margin rules, and for advising you of margin requirements. NFS shall maintain the required books and records for the services it performs. Securities in accounts carried by NFS are protected in accordance with the Securities Investor Protection Corporation ("SIPC") up to $500,000. The $500,000 total amount of SIPC protection is inclusive of up to $250,000 protection for claims for cash, subject to periodic adjustments for inflation in accordance with terms of the SIPC statute and approval by SIPC's Board of Directors. NFS also has arranged for coverage above these limits. Neither coverage protects against a decline in the market value of securities, nor does either coverage extend to certain securities that are considered ineligible for coverage. For more details on SIPC, or to request a SIPC brochure, visit www.sipc.org or call 1-202-371-8300. Funds used to purchase or sweep to a bank deposit are SIPC protected until deposited to a Program Bank at which time funds may be eligible for FDIC insurance. Assets Held Away, commodities, unregistered investment contracts, futures accounts, loaned securities and other investments may not be covered. Precious metals are not covered by SIPC protection. Mutual funds and/or other securities are not backed or guaranteed by any bank, nor are they insured by the FDIC and involve investment risk including possible loss of principal. End of Statement 722239.9.0 Truist Investment Services, Inc.Account carried with National Financial Services LLC, Member NYSE, SIPC Page 8 of 8 TREASURER'S REPORT SYNOPSIS ECONOMIC DEVELOPMENT AUTHORITY November 30, 2022 BANK OF CLARKE COUNTY Beginning Bank Statement Balance - as of October 31, 2022 $5,470.06 Total Deposits $0.00 Total Disbursements -$3,274.50 BANK STATEMENT BALANCE AS OF November 30, 2022 $2,195.56 SCOTT & STRINGFELLOW Beginning Bank Statement Balance - as of October 31, 2022 $1,421,638.99 Total Deposits $2,021.42 Total Disbursements $0.00 BANK STATEMENT BALANCE AS OF November 30, 2022 $1,423,660.41 TREASURER'S REPORT ECONOMIC DEVELOPMENT AUTHORITY November 30, 2022 BANK OF CLARKE COUNTY Beginning Bank Statement Balance - as of October 31, 2022 $5,470.06 Deposits TOTAL DEPOSITS $0.00 Disbursements 1609 10/26/2022 Michael L. Bryan (Legal Fees) -$3,274.50 TOTAL DISBURSEMENTS -$3,274.50 BANK STATEMENT BALANCE AS OF November 30, 2022 $2,195.56 TREASURER'S REPORT ECONOMIC DEVELOPMENT AUTHORITY November 30, 2022 SCOTT & STRINGFELLOW Beginning Bank Statement Balance - as of October 31, 2022 $1,421,638.99 Deposits 11/30/2022 Interest $2,021.42 TOTAL DEPOSITS $2,021.42 Disbursements TOTAL DISBURSEMENTS $0.00 BANK STATEMENT BALANCE AS OF November 30, 2022 $1,423,660.41 ** $707,000 represents proceeds from the sale of the Robinson School. For questions about your accounts: STATEMENT FOR THE PERIOD NOVEMBER 1, 2022 TO NOVEMBER 30, 2022 ECONOMIC DEV AUTH OF THE CNTY OF FREDERICK VA - Corporation Account Number: ENV# CEBNDQWRBBCNTBN_BBBBB TRUIST INVESTMENT SERVICES INC ECONOMIC DEV AUTH OF THE CNTY OF FREDERICK VA YOUR FINANCIAL ADVISOR IS: Truist Investment Services, Inc.Account carried with National Financial Services LLC, Member NYSE, SIPC Page 1 of 8 TOTAL VALUE OF YOUR PORTFOLIO $1,423,660.41 CHANGE IN VALUE OF YOUR PORTFOLIO $ millions 03/21 06/21 09/21 12/21 03/22 06/22 09/22 CURRENT 1.295 1.340 1.385 1.431 1.476 Change In Value Of Your Portfolio information can be found in Miscellaneous Footnotes at the end of this statement. Statement for the Period November 1, 2022 to November 30, 2022 ECONOMIC DEV AUTH OF THE CNTY OF FREDERICK VA - Corporation Account Number: Page 2 of 8 Account Overview Truist Investment Services, Inc.Account carried with National Financial Services LLC, Member NYSE, SIPC Page 2 of 8 ACCOUNT ALLOCATION Bank Deposits 100.0% Percent Prior Period Current Period Bank Deposits 100.0 %$1,421,638.99 $1,423,660.41 TOTAL 100.0 %$1,421,638.99 $1,423,660.41 Account Allocation shows the percentage that each asset class represents of your total account value. Account Allocation for equities, fixed income, and other categories may include mutual funds and may be net of short positions. NFS has made assumptions concerning how certain mutual funds are allocated. Closed-end mutual funds and Exchange Traded Products (ETPs) listed on an exchange may be included in the equity allocation. The chart may not reflect your actual portfolio allocation. Consult your broker/dealer prior to making investment decisions. CHANGE IN ACCOUNT VALUE Current Period Year-to-Date BEGINNING VALUE $1,421,638.99 $1,465,770.11 Additions and Withdrawals $0.00 ($50,000.00) Misc. & Corporate Actions $0.00 $0.00 Income $2,021.42 $7,890.30 Taxes,Fees and Expenses $0.00 $0.00 Change in Value $0.00 $0.00 ENDING VALUE (AS OF 11/30/22)$1,423,660.41 $1,423,660.41 Refer to Miscellaneous Footnotes for more information on Change in Value. INCOME TAXABLE Current Period Year-to-Date Taxable Interest $2,021.42 $7,890.30 TOTAL TAXABLE $2,021.42 $7,890.30 TOTAL INCOME $2,021.42 $7,890.30 Taxable income is determined based on information available to NFS at the time the statement was prepared, and is subject to change. Final information on taxation of interest and dividends is available on Form 1099-Div, which is mailed in February of the subsequent year. MESSAGES AND ALERTS *NOT FDIC INSURED*NO BANK GUARANTEE*MAY LOSE VALUE Services provided by the following affiliates of Truist Financial Corporation. Securities, brokerage accounts and insurance- including annuities-are offered by Truist Investment Services, Inc., a SEC registered broker-dealer, member FINRA, SIPC, and a licensed insurance agency. Investment advisory services are offered by Truist Advisory Services, Inc. , and GFO Advisory Services, LLC, SEC registered investment advisers. Mutual fund products are advised by Sterling Capital Management, LLC. If you have an investment advisory agreement with Truist Advisory Services, Inc., only advisory share class annuities referenced under the Assets Held Away section of this statement are included in your investment advisory assets. Truist Advisory Services, Inc. does not provide ongoing investment advice or charge advisory fees on non-advisory share class annuities. Statement for the Period November 1, 2022 to November 30, 2022 ECONOMIC DEV AUTH OF THE CNTY OF FREDERICK VA - Corporation Account Number: Page 3 of 8 Account Overview continued Truist Investment Services, Inc.Account carried with National Financial Services LLC, Member NYSE, SIPC Page 3 of 8 MESSAGES AND ALERTS continued Please consult with your financial advisor prior to making investment decisions and promptly inform your financial advisor of any changes to your financial situation or investment objectives or if you wish to impose or modify reasonable restrictions with regard to the management of your account. Visit www.truist.com/wealth/tis-disclosure for Truist Investment Services clear, easy-to-understand information related to its products, accounts, and services, including disclosures relating to the SEC Regulation Best Interest and Volatile Markets. Statement for the Period November 1, 2022 to November 30, 2022 ECONOMIC DEV AUTH OF THE CNTY OF FREDERICK VA - Corporation Account Number: Page 4 of 8 Truist Investment Services, Inc.Account carried with National Financial Services LLC, Member NYSE, SIPC Holdings NFS-provided cost basis, realized gain (loss) and holding period information may not reflect all adjustments necessary for tax purposes. Please refer to Footnotes and Cost Basis Information at the end of this statement for more information. For additional information regarding your holdings, please refer to the footnotes at the end of the statement. CASH AND CASH EQUIVALENTS - 100.00% of Total Account Value Description Symbol/Cusip Account Type Quantity Price on 11/30/22 Current Market Value Estimated Annual Income Bank Deposits Bank deposits are not securities and are not covered by the Securities Investor Protection Corporation (SIPC). Funds used to purchase or sweep to a bank deposit are SIPC protected until deposited to a Program Bank at which time funds may be eligible for FDIC insurance. Customers are responsible for monitoring their total deposits at each Program Bank to determine the extent of available FDIC insurance. Refer to the Bank Deposit Detail section which appears later in this statement for information on the banks holding your deposits. If your account was established on the last business day of this month, your statement will not include a Bank Deposit Detail section. The Interest Rate below is the interest rate effective for Cash Balances in your FDIC-Insured Bank Deposit Sweep on the last day of the statement period. TIERED RATE MULTIBANK SWEEP NON-MANAGED QTMNQ Interest Rate 1.73%CASH 1,423,660.41 $1.00 $1,423,660.41 Total Cash and Cash Equivalents $1,423,660.41 TOTAL PORTFOLIO VALUE $1,423,660.41 Activity NFS-provided cost basis, realized gain (loss) and holding period information may not reflect all adjustments necessary for tax purposes. Please refer to Footnotes and Cost Basis Information at the end of this statement for more information. CORE FUND ACTIVITY For more information about the operation of your core account, please refer to your Customer Agreement. Settlement Date Account Type Transaction Description Quantity Amount 11/30/22 CASH REINVESTMENT TIERED RATE MULTIBANK SWEEP NON-MANAGED NET INT REINVEST 2,021.42 ($2,021.42) Statement for the Period November 1, 2022 to November 30, 2022 ECONOMIC DEV AUTH OF THE CNTY OF FREDERICK VA - Corporation Account Number: Page 5 of 8 Truist Investment Services, Inc.Account carried with National Financial Services LLC, Member NYSE, SIPC Page 5 of 8 ACTIVITY continued Amount TOTAL CORE FUND ACTIVITY ($2,021.42) ACTIVITY >INCOME > TAXABLE INCOME Settlement Date Account Type Transaction Description Quantity Amount Taxable Interest 11/30/22 CASH INTEREST RECEIVED TIERED RATE MULTIBANK SWEEP NON-MANAGED $2,021.42 Total Taxable Interest $2,021.42 Total Taxable Income $2,021.42 TOTAL INCOME $2,021.42 ACTIVITY > BANK DEPOSIT DETAIL Bank Deposits are not securities and are not covered by the Securities Investor Protection Corporation (SIPC). Funds are not FDIC insured until swept to a Program Bank. Customers are responsible for monitoring their total deposits at each Program Bank to determine the extent of available FDIC insurance. Your ending balance at each Program Bank as of the end of this statement period is shown below. If you participate in the Bank Deposit Sweep Program, the Bank Deposit Detail section lists banks and ending balances. Funds pending settlement reflect deposits to (credit) or withdrawals from (debit) to a Program Bank. Please refer to the Program Disclosure document for additional details that may impact the program. Bank Beginning Balance Ending Balance Bank of Baroda $246,858.56 $246,850.50 BankUnited $3,116.60 $4,916.37 East West Bank $184,034.92 $184,296.60 Goldman Sachs Bank $246,858.56 $246,850.50 JPMorgan Chase Bank NA $246,858.56 $246,850.50 Synovus Bank $246,858.56 $246,850.50 Truist Bank $246,858.56 $246,850.50 Statement for the Period November 1, 2022 to November 30, 2022 ECONOMIC DEV AUTH OF THE CNTY OF FREDERICK VA - Corporation Account Number: Page 6 of 8 Truist Investment Services, Inc.Account carried with National Financial Services LLC, Member NYSE, SIPC Page 6 of 8 ACTIVITY > BANK DEPOSIT DETAIL continued Bank Beginning Balance Ending Balance US Bank $194.67 $194.94 Total Bank Deposits $1,421,638.99 $1,423,660.41 Footnotes and Cost Basis Information Amortization, accretion and similar adjustments to cost basis have been provided for many fixed income securities (and some bond-like equities), however, they are not provided for certain types, such as short-term instruments, Unit Investment Trusts, foreign fixed income securities, or those that are subject to early prepayment of principal (pay downs). Where current year premium or acquisition premium amortization is provided, the prior years' cumulative amortization is reflected in the adjusted cost basis, but we cannot provide a breakdown or the total of such prior amortization amounts. NFS is required to report certain cost basis and related information to the IRS on the Form 1099-B. Your official 1099-B forms for certain transactions will reflect which lots have been sold for tax purposes. To apply a specific identification cost basis method to 1099-B reporting, appropriate instructions must be on file with NFS or be received by NFS before the trade has settled. Absent such instructions, NFS determines cost basis at the time of sale based on its default methods of average cost for open-end mutual funds and first-in, first-out (FIFO) for all other (including ETFs) unless your broker dealer has elected to use another default method. NFS applies FIFO (or other disposal method, if applicable) based on its records, which may be different from yours. For transactions that are not subject to 1099-B cost basis reporting, you should refer to your trade confirmations and other applicable records to determine which lots were considered sold for tax purposes. While NFS must meet IRS requirements with respect to certain information required to be reported to the IRS, NFS-provided cost basis, realized gain and loss, and holding period information may not reflect all adjustments necessary for your tax reporting purposes. NFS makes no warranties with respect to and specifically disclaims any liability arising out of a customer's use of, or any tax position taken in reliance upon, such information. For investments in partnerships, NFS does not make any adjustments to cost basis information as the calculation of basis in such investments requires supplemental information from the partnership on its income and distributions during the period you held your investment. Partnerships usually provide this additional information on a Form K-1 issued by April 15th of the following year. Consult your tax advisor for further information. Cost basis and gain/loss information is provided as a service to corporate accounts. The information listed in the year-to-date gain/loss summary section is based on a calendar year (January - December). If your business/entity has a fiscal year end other than December 31st for tax purposes, the year-to-date information will not apply. If you have questions about your tax situation, consult your tax advisor. Statement for the Period November 1, 2022 to November 30, 2022 ECONOMIC DEV AUTH OF THE CNTY OF FREDERICK VA - Corporation Account Number: Page 7 of 8 Truist Investment Services, Inc.Account carried with National Financial Services LLC, Member NYSE, SIPC Page 7 of 8 Miscellaneous Footnotes CHANGE IN VALUE OF YOUR PORTFOLIO is the change in market value of your portfolio assets over the time period shown. The portfolio assets include the market value of all the securities in the account, plus insurance and annuity assets if applicable. The time frame of the graph is from account opening or September 2011, whichever is later, to the current period. Please note that large increases and/or declines in the change in the value of the portfolio can be due to additions, distribution and/or performance. CHANGE IN VALUE reflects appreciation or depreciation of your holdings due to price changes plus any activity not reflected within Additions and Withdrawals, Misc. & Corporate Actions, Income, Taxes, Fees and Expenses, and Other Activity sections. Change in Value does not reflect activity related to assets in which NFS is not the custodian (e.g. Insurance and Annuities, Assets Held Away and Other Assets Held Away). CALLABLE SECURITIES LOTTERY - When street name or bearer securities held for you are subject to a partial call or partial redemption by the issuer, NFS may or may not receive an allocation of called/redeemed securities by the issuer, transfer agent and/or depository. If NFS is allocated a portion of the called/redeemed securities, NFS utilizes an impartial lottery allocation system, in accordance with applicable rules, that randomly selects the securities within customer accounts that will be called/redeemed. NFS' allocations are not made on a pro rata basis and it is possible for you to receive a full or partial allocation, or no allocation. You have the right to withdraw uncalled fully paid securities at any time prior to the cutoff date and time established by the issuer, transfer agent and/or depository with respect to the partial call, and also to withdraw excess margin securities provided your account is not subject to restriction under Regulation T or such withdrawal will not cause an undermargined condition. PRICING INFORMATION - Prices displayed are obtained from sources that may include pricing vendors, broker/dealers who clear through NFS and/or other sources. Prices may not reflect current fair market value and/or may not be readily marketable or redeemable at the prices shown. FOREIGN EXCHANGE TRANSACTIONS - Some transaction types necessitate a foreign currency exchange (FX) in order to settle. FX transactions may be effected by Fidelity Forex, LLC. on a principal basis. Fidelity Forex, LLC., an affiliate of NFS, may impose a commission or markup on the prevailing interbank market price, which may result in a higher price to you. Fidelity Forex, LLC. may share a portion of any FX commission or markup with NFS. More favorable rates may be available through third parties not affiliated with NFS. The rate applicable to any transaction involving an FX is available upon request through your broker-dealer. COST BASIS LEGISLATION - New IRS Rules will require National Financial Services to report cost basis and holding period information for the sale of shares of open end Mutual Fund holdings purchased on or after January 1, 2012 on Form 1099-B. National Financial Services determines the cost basis for all shares of open end mutual funds using a default method of average cost. Alternatively, account owners or their brokers and advisors can instruct National Financial Services to determine the cost basis for shares of open end mutual funds by 1) setting up their non-retirement accounts with one of our eleven tax lot disposal methods available to investors or 2) identifying specific tax lots to sell at the time of a transaction. Contact your broker or advisor to learn more about the cost basis tracking of your holdings. GLOSSARY Short Account Balances -If you have sold securities under the short sale rule, we have, in accordance with regulations, segregated the proceeds from such transactions in your Short Account. Any market increases or decreases from the original sale price will be marked to the market and will be transferred to your Margin Account on a weekly basis. Market Value - The Total Market Value has been calculated out to 9 decimal places but the individual unit price is displayed in 5 decimal places. The Total Market Value represents prices obtained from various sources, may be impacted by the frequency in which such prices are reported and such prices are not guaranteed. Prices received from pricing vendors are generally based on current market quotes, but when such quotes are not available the pricing vendors use a variety of techniques to estimate value. These estimates, particularly for fixed income securities, may be based on certain minimum principal amounts (e.g. $1 million) and may not reflect all of the factors that affect the value of the security, including liquidity risk. In certain situations, a price may be derived from a single broker quote. The prices provided are not firm bids or offers. Certain securities may reflect "N/A" or "unavailable" where the price for such security is generally not available from a pricing source. The Market Value of a security, including those priced at par value, may differ from its purchase price and may not closely reflect the value at which the security may be sold or purchased based on various market factors. Investment decisions should be made only after consulting your broker-dealer. Estimated Annual Income (EAI) & Estimated Yield (EY) -EAI for fixed income is calculated using the coupon rate. For all other securities, EAI is calculated using an indicated annual dividend (IAD). The IAD is an estimate of a security's dividend payments for the next 12 months calculated based on prior and/or declared dividends for that security. EY reflects only the income generated by an investment and not changes in its price which may fluctuate. Interest and dividend rates are subject to change at any time and may be affected by current and future economic, political and business conditions. EAI and EY are estimates only and may include return of principal and/or capital gains, which would render them overstated. EAI and EY are provided for informational purposes only and should not be used or relied on for making investment, trading or tax decisions. EAI and EY are based on data obtained from information providers believed to be reliable, but no assurance can be made as to accuracy, timeliness or completeness. CUSTOMER SERVICE: Please review your statement and report any inaccuracy or discrepancy immediately by calling the telephone number of your broker-dealer reflected on the front of this statement. Reports of any inaccuracy or discrepancy regarding your brokerage account or the activity therein should be directed to your broker-dealer at the telephone number and address reflected on the front of this statement and National Financial Services LLC ("NFS"). NFS carries your brokerage account and acts as your custodian for funds and securities that are deposited with NFS by you or your broker-dealer. In addition to your initial contact with your broker-dealer you may contact NFS at (800) 801-9942. Any oral communications regarding inaccuracies or discrepancies should be reconfirmed in writing to protect your rights, including those under the Securities Investor Protection Act ("SIPA"). When contacting either your broker-dealer or NFS, remember to include your entire brokerage account number to ensure a prompt reply. ADDITIONAL INFORMATION Free credit balances ("FCB") are funds payable to you on demand. FCB are subject to open commitments such as uncleared checks and exclude proceeds from sales of certificated securities without delivery of the certificate. If your FCB is swept to a core position, you can liquidate the core position and have the proceeds sent to you or held in your account subject to the terms of your account agreement. Required rule 10b-10(a) information not contained herein will be provided on written request. Fidelity may use this free credit balance in connection with its business, subject to applicable law. Credit Adjustment Program. Accountholders receiving payments in lieu of qualified dividends may not be eligible to receive credit adjustments intended to help cover additional associated federal tax burdens. NFS reserves the right to deny the adjustment to any accountholder and to amend or terminate the credit adjustment program. Options Customers. Each transaction confirmation previously delivered to you contains full information about commissions and other charges. If you require further information, please contact your broker-dealer. Assignments of American and European-style options are allocated among customer short positions pursuant to a random allocation procedure, a description of which is available upon request. Short positions in American-style options are liable for assignment at any time. The writer of a European-style option is subject to exercise assignment only during the exercise period. You should advise your broker-dealer promptly of any material change in your investment objectives or financial situation. Splits, Dividends, and Interest. Expected stock split, next dividend payable, and next interest payable information has been provided by third parties and may be subject to change. Information for certain securities may be missing if not received from third parties in time for printing. NFS is not responsible for inaccurate, incomplete, or missing information. Please consult your broker-dealer for more information about expected stock split, next dividend payable, and next interest payable for certain securities. Equity Dividend Reinvestment Customers. Shares credited to your brokerage account resulted from transactions effected as agent by either: 1) Your broker-dealer for your investment account, or 2) through the Depository Trust Company (DTC) dividend reinvestment program. For broker-dealer effected transactions, the time of the transactions, the exchange upon which these transactions occurred and the name of the person from whom the security was purchased will be furnished upon written request. NFS may have acted as market maker in effecting trades in 'over-the-counter 'securities. Retirement Contributions/Distributions. A summary of retirement contributions/distributions is displayed for you in the activity summary section of your statement. Income Reporting. NFS reports earnings from investments in Traditional IRAs, Rollover IRAs, SEP-IRAs and, Keoghs as tax-deferred income. Earnings from Roth IRAs are reported as tax-free income, since distributions may be tax-free after meeting the 5 year aging requirement and certain other conditions. A financial statement of NFS is available for your personal inspection at its office or a copy of it will be mailed to you upon your written request. Statement Mailing. NFS will deliver statements by mail or, if applicable, notify you by e-mail of your statement's availability, if you had transactions that affected your cash balances or security positions held in your account(s) during the last monthly reporting period. At a minimum, all brokerage customers will receive quarterly statements (at least four times per calendar year) as long as their accounts contain a cash or securities balance. Sales Loads and Fees. In connection with (i) access to, purchase, sale, exchange or redemption of, and/or maintenance of positions in mutual funds, ETFs and other investment products such as alternative investments or private placements ("funds") or (ii) infrastructure needed to support such funds, some funds, or their investment affiliates, pay your introducing broker dealer and/or NFS sales loads and 12b-1 fees described in the Offering Materials as well as additional compensation for shareholder services, start-up fees, platform support and maintenance, and marketing, engagement and analytics programs. Additional information about the source(s) and amount(s) of compensation as well as other remuneration received by FBS or NFS will be furnished to you upon written request. At time of purchase fund shares may be assigned a load, transaction fee or no transaction fee status. At time of sale, any fees applicable to your transaction will be assessed based on the status assigned to the shares at time of purchase. Margin. If you have applied for margin privileges and been approved, you may borrow money from NFS in exchange for pledging the assets in your account as collateral for any outstanding margin loan. The amount you may borrow is based on the value of securities in your margin account, which is identified on your statement. If you have a margin account, this is a combined statement of your margin account and special memorandum account other than your non-purpose margin accounts maintained for you under Section 220.5 of Regulation T issued by the Board of Governors of the Federal Reserve Board. The permanent record of the separate account, as required by Regulation T, is available for your inspection upon request. NYSE and FINRA. All transactions are subject to the constitution, rules, regulations, customs, usages, rulings and interpretations of the exchange market and its clearing house, if any, where the transactions are executed, and of the New York Stock Exchange (NYSE) and of the Financial Industry Regulatory Authority ("FINRA"). The FINRA requires that we notify you in writing of the availability of an investor brochure that includes information describing FINRA Regulation's BrokerCheck Program ("Program"). To obtain a brochure or more information about the Program or FINRA Regulation, contact the FINRA Regulation BrokerCheck Program Hotline at (800) 289-9999 or access the FINRA's web site at www.finra.org. FINRA Rule 4311 requires that your broker-dealer and NFS allocate between them certain functions regarding the administration of your brokerage account. The following is a summary of the allocation services performed by your broker-dealer and NFS. A more complete description is available upon request. Your broker-dealer is responsible for: (1) obtaining and verifying brokerage account information and documentation, (2) opening, approving and monitoring your brokerage account, (3) transmitting timely and accurate orders and other instructions to NFS with respect to your brokerage account, (4) determining the suitability of investment recommendations and advice, (5) operating, and supervising your brokerage account and its own activities in compliance with applicable laws and regulations including compliance with margin rules pertaining to your margin account, if applicable, and (6) maintaining required books and records for the services that it performs. NFS shall, at the direction of your broker-dealer: (1) execute, clear and settle transactions processed through NFS by your broker-dealer, (2) prepare and send transaction confirmations and periodic statements of your brokerage account (unless your broker-dealer has undertaken to do so). Certain securities pricing and descriptive information may be provided by your broker-dealer or obtained from third parties deemed to be reliable, however, this information has not been verified by NFS, (3) act as custodian for funds and securities received by NFS on your behalf, (4) follow the instructions of your broker-dealer with respect to transactions and the receipt and delivery of funds and securities for your brokerage account, and (5) extend margin credit for purchasing or carrying securities on margin. Your broker-dealer is responsible for ensuring that your brokerage account is in compliance with federal, industry and NFS margin rules, and for advising you of margin requirements. NFS shall maintain the required books and records for the services it performs. Securities in accounts carried by NFS are protected in accordance with the Securities Investor Protection Corporation ("SIPC") up to $500,000. The $500,000 total amount of SIPC protection is inclusive of up to $250,000 protection for claims for cash, subject to periodic adjustments for inflation in accordance with terms of the SIPC statute and approval by SIPC's Board of Directors. NFS also has arranged for coverage above these limits. Neither coverage protects against a decline in the market value of securities, nor does either coverage extend to certain securities that are considered ineligible for coverage. For more details on SIPC, or to request a SIPC brochure, visit www.sipc.org or call 1-202-371-8300. Funds used to purchase or sweep to a bank deposit are SIPC protected until deposited to a Program Bank at which time funds may be eligible for FDIC insurance. Assets Held Away, commodities, unregistered investment contracts, futures accounts, loaned securities and other investments may not be covered. Precious metals are not covered by SIPC protection. Mutual funds and/or other securities are not backed or guaranteed by any bank, nor are they insured by the FDIC and involve investment risk including possible loss of principal. End of Statement 722239.10.0 Truist Investment Services, Inc.Account carried with National Financial Services LLC, Member NYSE, SIPC Page 8 of 8 DATE: December 30, 2022 TO: Board of Directors, Frederick County Economic Development Authority FROM: Wendy May Marketing Manager CC: Jay Tibbs Deputy County Administrator RE: FredCo Eats Update Earlier this year, the EDA launched FredCo Eats with the County’s inaugural FredCo Eats Restaurant Week. While the effort began with Restaurant Week, FredCo Eats seeks to cultivate and elevate the full scope of the Frederick County, Virginia, food economy – from agriculture through production and distribution, to the dining experience. Staff will provide an update on the following items. In progress: Agriculture Survey - The EDA is surveying Frederick County agricultural businesses to create a baseline of information for the County’s ag industry. Survey responses will identify needs, both industry-wide and unique to businesses, where the EDA may be able to assist directly, or facilitate connections with resource providers at the local, state, and federal levels. The survey is available at FredCoEats.com with a targeted close date of February 28, 2023. Upcoming: FredCo Eats Restaurant Week - Restaurant Week expands awareness of Frederick County’s restaurant industry and provides a mid-winter boost for restaurants, a time when sales traditionally decline. Frederick County’s restaurant scene is diverse, including stand-alone restaurants, food trucks, and farms with cafes and markets. Participation criteria is purposely broad to include as many local eateries as possible. Participants will offer a mix of multi-course menus, meal deals, and promotional discounts, January 30 – February 5, 2023. Upcoming: Farm2Fork Affair - The EDA is a sponsor of Farm2Fork Affair, a regional tradeshow connecting Shenandoah Valley farmers, producers, and makers, with commercial-scale buyers throughout Virginia, West Virginia, and Washington, D.C. The EDA’s sponsorship allows County businesses to participate at a reduced rate of $15. The event will be held at Rockingham County Fairgrounds in Harrisonburg, VA, on March 14, 2023. Recap: USDA Rural Development Workshop - On December 13, the EDA partnered to host a USDA Rural Development workshop in Berryville, Virginia, where businesses could meet one- on-one with program managers to learn about available resources, including grants and loans. More than 70 individuals attended. AGRICULTURE SURVEY The Frederick County Economic Development Authority is conducting this survey to learn more about the unique businesses comprising Frederick County's agriculture sector; to shape assistance opportunities that align with the goals of local agriculture businesses; and to further develop FredCo Eats, an effort to cultivate and elevate the full scope of Frederick County's food economy. Survey responses will be presented as an aggregate. Individual responses will not be shared. TELL US ABOUT YOU BUSINESS NAME YEAR OPERATION BEGAN IN FREDERICK COUNTY, VIRGINIA DESCRIPTION OF BUSINESS MAIN CONTACT NAME MAILING ADDRESS PHYSICAL BUSINESS ADDRESS EMAIL ADDRESS PHONE NUMBER WEBSITE NUMBER OF EMPLOYEES TELL US ABOUT YOUR BUSINESS TYPE OF BUSINESS. CHECK ALL THAT APPLY. ☐ Agritourism Facility (event venue, pick your own, farm experiences, on-farm retail market) ☐ Agricultural/Food Product Manufacturing Facility (butcher, winery, cidery, food processing, etc.) ☐ Collective or traditional off-premises market for more than one farm ☐ Farm ☐ Wholesale Fulfillment Facility (warehouse) COPY Complete form online at FredCoEats.com CURRENT BUSINESS MODEL. CHECK ALL THAT APPLY. ☐ Auction (Dayton Produce Auction, Farmers Livestock Auction, etc.) ☐ Business to Business ☐ Business to Consumer ☐ Business to Institution (School, University, USDA, etc.) ☐ Business to Restaurant ☐ Online Sales ☐ Other PRIMARY PRODUCT(S). CHECK ALL THAT APPLY. ☐ Forages (hay, pasture, etc.) ☐ Fruits ☐ Vegetables ☐ Row Crops (corn, wheat, soybeans, etc.) ☐ Livestock ☐ Value-Added Foods (packaged goods) ☐ Other ARE YOU CURRENTLY USING ANY OF THE FOLLOWING SUSTAINABILITY OR ENVIRONMENTALLY FRIENDLY PROCESSES? CHECK ALL THAT APPLY. ☐ Certified Naturally Grown ☐ Certified Non-GMO ☐ Integrated Pest Management ☐ Hydroponics ☐ Solar Power ☐ Soil & Water Conservation District Approved Best Management Practices ☐ USDA Certified Organic ☐ USDA-NRCS Best Management Practices ☐ None at this time ☐ Other ANNUAL VALUE OF SALES ☐ Less than $2,500 ☐ $2,500-$4,999 ☐ $5,000-$9,999 ☐ $10,000-$24,999 ☐ $25,000-$49,999 ☐ $50,000-$99,999 ☐ $100,000 or more COPY Complete form online at FredCoEats.com WHAT ARE YOU MOST PROUD OF AS A FREDERICK COUNTY AGRIBUSINESS? TELL US ABOUT YOUR NEEDS PLEASE RANK YOUR BIGGEST CHALLENGES, WITH NO. 1 BEING MOST CHALLENGING AND NO. 9 BEING LEAST CHALLENGING. Choose an item. Bookkeeping Choose an item. Connecting with buyers Choose an item. Marketing my business Choose an item. Processors Choose an item. Purchasing and maintaining equipment Choose an item. Staffing my business/labor Choose an item. Storage solutions Choose an item. Suppliers Choose an item. Transporting my goods to market PLEASE INDICATE AREAS YOU ARE INTERESTED IN LEARNING MORE ABOUT. CHECK ALL THAT APPLY. ☐ Building a new facility ☐ Equipment, innovation, or automation that will help my business ☐ Establishing or increasing business to business sales opportunities ☐ Establishing or increasing business to consumer sales opportunities ☐ Identifying and understanding grant opportunities / cost share opportunities ☐ Incorporating agritourism ☐ Increasing community awareness of my business ☐ Manufacturing a new product ☐ Partnering with other businesses to sell or market products ☐ Small Business Assistance (business plans, marketing, tax issues, regulations, etc.) ☐ Vertical agriculture processes (layering crops above another in a controlled environment) ☐ None of the above ☐ Other PLEASE SHARE ANY OTHER THOUGHTS YOU MAY HAVE ABOUT YOUR BUSINESS NEEDS. COPY Complete form online at FredCoEats.com # F r e d C o E a t s R W JANUARY 30 - FEBRUARY 5, 2023 Enjoy multi-course menus, promotional discounts, and meal deals at participating Frederick County restaurants! Content features at FredCoEats.com will showcase local cuisines, our favorite neighborhood hangouts, creative chefs, and restaurant families. Join us this winter as we taste our way through Frederick County’s eateries! All things FredCo Eats  FredCoEats.com A SHOWCASE OF FREDERICK COUNTY RESTAURANTS Dine-inTake-out& Special restaurant week menus and pricing FredCoEats.com #FredCoEatsRW social media prize drawings ‘Get to Know FredCo Restaurants’ Content features       DATE:   December 30, 2022    TO:    Board of Directors,  Frederick County Economic Development Authority    FROM:  Patrick Barker, CEcD  Executive Director    CC:    Jay Tibbs  Deputy County Administrator    RE:    Target Industry Analysis Update | Value Proposition Update    As the Board might recall from our Target Industry Analysis update, value propositions were  created for each targeted industry segment (Corporate Services, Information Technology,  Finance & Insurance, Bioscience, Advanced Manufacturing and Food & Beverage).  (A value  proposition refers to the value Frederick County promises to deliver to companies in each  target industry sector should they choose to locate in Frederick County, which is part of  Frederick County's overall marketing strategy.) Each value proposition provides a declaration of  intent or a statement that introduces Frederick County’s brand to businesses and site  consultants by telling them Frederick County deserves their business.  This statement is  intended to convey to the potential business that a particular asset(s) and/or offering(s) by  Frederick County will add more value or provide a better solution than competing localities.   At the May EDA Board meeting, staff stated additional research would be done to ensure  quantitative propositions are accurate.  Chmura Economics was contracted to compare the  Frederick County MSA to 28 competing MSAs (full list provided below) on various demographic  economic indicators as well as industry and occupation variables (full list is provided below) for  the EDA Industry Targets.    Listing of MSAs    1. Binghamton, NY MSA  2. Blacksburg‐Christiansburg, VA MSA  3. Chambersburg‐Waynesboro, PA MSA  4. Charleston‐North Charleston, SC MSA  5. Charlotte‐Concord‐Gastonia, NC‐SC MSA  6. Cincinnati, OH‐KY‐IN MSA  7. Columbia, SC MSA  8. Columbus, OH MSA  Page 2 of 10   Target Industry Analysis Update | Value Proposition Update   9. Dayton‐Kettering, OH MSA  10. Fayetteville, NC MSA  11. Florence, SC MSA  12. Hagerstown‐Martinsburg, MD‐WV MSA  13. Harrisburg‐Carlisle, PA MSA  14. Harrisonburg, VA MSA  15. Kingsport‐Bristol, TN‐VA MSA  16. Mansfield, OH MSA  17. Raleigh‐Cary, NC MSA  18. Richmond, VA MSA  19. Roanoke, VA MSA  20. Scranton‐‐Wilkes‐Barre, PA MSA  21. Springfield, OH MSA  22. Staunton, VA MSA  23. Sumter, SC MSA  24. Syracuse, NY MSA  25. Washington‐Arlington‐Alexandria, DC‐VA‐MD‐WV MSA  26. Watertown‐Fort Drum, NY MSA  27. Winston‐Salem, NC MSA  Comparison Data    Demographic  Population  Population Growth 2010 – 2022  Forecasted Population Growth 2022‐2032  Population ages 25‐44  Forecasted Population ages 25‐44    Education Attainment (Ages 25‐64)  No High School Degree  High School Degree  Some Collage, No Degree  Associates’ Degree  Bachelor’s Degree  Postgraduate Degree    Labor  Labor Force Participation Rate  Veterans age (18‐64)  Veterans Labor Force Participation Rate  Cost of labor (All industries)  Unemployment Rate  Page 3 of 10   Target Industry Analysis Update | Value Proposition Update   Net Domestic Migration Rate    Industry (All and Industry Targets)  Empl (4Q Mov Avg)   Avg Ann Wages per Worker   LQ (4Q Mov Avg)  10 Year % Change in Empl 2012Q1‐2022Q1  10 Year Forecast Growth Rate 2022Q1‐2032Q1    Occupation (Selective occupations of Industry Targets)  Empl (Place of Work)  Unempl Rate   10 Hist Empl % Change 2012Q1‐2022Q1   10 Year Forecast Growth Rate 2022Q1‐2032Q1 LQ   Annual Mean Wage1    The following is a sample of areas where the analysis placed Winchester/Frederick County MSA  in the top third of the benchmarked locations.  It should be noted, Winchester/Frederick  County MSA was one of the smaller MSAs analyzed.   It is the 7th smallest as far a population  and employment totals.     Net domestic migration rate   All Industries ‐ 10 Year Forecast Growth Rate 2022Q1‐2032Q1   Forecast population growth ages 25‐44   Forecast population growth 2022‐2032   Labor force participation rate   Cost of living Index  Conversely, the following is a sample of areas where the analysis placed Winchester/Frederick  County MSA in the bottom of the benchmarked locations     Educational Attainment, Age 25‐64 ‐ Associate's Degree   Educational Attainment, Age 25‐64 ‐ Bachelor's Degree   Bioscience – Total Employment & Average Annual Wage   Corporate Services – Average Annual Wage   Advanced Manufacturing – Total Employment   Food & Beverage – Average Annual Wage       Page 4 of 10   Target Industry Analysis Update | Value Proposition Update   Utilizing this analysis, staff proposes modifying each industry target’s value proposition as  shown below.      Corporate Services | Value Propositions      • Largest employment of Management of Companies and Enterprises in  Northern Shenandoah Valley  • One of the highest projected 10‐year growth rates for core Corporate  Services occupations (Managers, Customer Service Representatives,  Accountants and Auditors, Management Analysts)*  • Strong occupational employment in some core occupational groups  • Region’s 10‐year population growth rate expected to one of the highest*  • Region’s projected to have one of the fastest 10 year growth rates for key  talent age cohort (25‐44)*  • Region’s labor force participation rate, particularly for veterans ages 25‐44,  is one of the highest*  • Region’s projected to boast one of the highest 10‐year net domestic  migration rates*  • Virginia is one of the most highly educated populations in the US  • Virginia has the largest and most highly educated veterans workforce     • Market‐leading Career Pathways program is a four‐tiered workforce  development initiative poised to groom next‐gen talent.   • Virginia has one of the strongest corporate services talent pipelines in the  Mid‐Atlantic & Southeast  • Relatively strong university and community college system compared with  competitors    • Areas with robust broadband speeds with planned improvements to  underserved areas  • Area served by three major airport hubs and general aviation airport  • Strategically placed on Amtrak’s network  • Within driving distance of many major cities in the Northeast and  Southeast and dense, quality highway system    • A pro‐business climate that permits prompt building construction and  rezonings for business    • Moderately competitive average industry salaries among competitors  • Highly competitive lease costs  • Low Unemployment Insurance Tax per Employee  • Lowest Workers' Compensation Employer Insurance Costs Per $100 of  Payroll  • Competitive tax rates compared with competitor states    • High concentration of employment in the area   • One of the highest employment concentrations*  • The highest past 10‐year growth rate in employment, with similar pattern  projected for next 10 years*  Page 5 of 10   Target Industry Analysis Update | Value Proposition Update   • Central position on the East Coast of the United States, with quick and easy  access to all major population centers east of the Mississippi  • Within one hour of 76% of the US population's regular daily schedule    • Moderately competitive or in line with cost of living in major population  centers  • Relatively strong primary and secondary school system  • Relatively low level of violent and property crime  • Moderately more healthy and active population    Information Technology | Value Propositions      • Adjacent to one of the highest concentrations of data center workforces  • One of the highest projected 10‐year growth rates for core IT occupations  (Software Developers, Software Quality Assurance Analysts and Testers  Management Analysts, Computer Systems Analysts, Computer User  Support Specialists)  • Region’s projected to boast one on the highest 10‐year net domestic  migration rates*  • Region’s 10‐year population growth rate expected to be one of the highest*  • Region’s projected to have one of the fastest 10 year growth rates for key  talent age cohort (25‐44)*   • Region’s labor force participation rate, particularly for veterans ages 25‐44,  is one of the highest*  • Adjacent to one of the highest industry employment and one of the highest  level occupational employment in core IT occupations among competitors  • Favorable population dynamics and a large pool of millennials  • Area is growing at a faster pace than the rest of Virginia   • Virginia is one of the most highly educated populations in the US  • Virginia has the largest and most highly educated veterans workforce    • The highest past 10‐year growth rate in employment, with similar pattern  projected for next 10 years*  • Adjacent to one of the largest data center markets in the world  • Adjacent to the largest market for federal prime contracts in FY2018: leads  market for federal IT & Telecommunications services & completely  dominates market for cybersecurity services    • Generally, very low risk profile for tornados, hurricanes and earthquakes  and relatively moderate risk for flooding and severe winter weather  • Stable economic environment and healthy public finances    • Areas with robust broadband speeds with planned improvements to  underserved areas  • Area served by three major airport hubs and general aviation airport  • Strategic East Coast location places nearby the center of the world’s  densest intersection of fiber networks  • Relatively reliable power grid and strong utility partners    • Market‐leading Career Pathways program is a four‐tiered workforce  development initiative poised to groom next‐gen talent  Page 6 of 10   Target Industry Analysis Update | Value Proposition Update   • Virginia has one of the strongest talent pipelines in the Mid‐Atlantic &  Southeast  • Relatively strong university and community college system compared with  competitors    • A pro‐business climate that permits prompt building construction and  rezonings for business    • Moderately competitive industry wages and median occupational wages  across core occupations  • Lower cost real estate than NOVA  • Competitive tax rates compared with data center competitor states    • Moderately competitive or in line with cost of living in major population  centers  • Relatively strong primary and secondary school system  • Relatively low level of violent and property crime  • Moderately more healthy and active population    • Electricity production is relatively carbon intensive compared with  competitors and mediocre ranking on energy efficiency    Finance and Insurance | Value Propositions      • Largest employment of Finance and Insurance in Northern Shenandoah  Valley  • Strong occupational employment in some core occupational groups  • Favorable population dynamics and a large pool of millennials  • Area is growing at a faster pace than the rest of Virginia   • One of the highest projected 10‐year growth rates for core Corporate  Services occupations (Managers, Customer Service Representatives,  Accountants and Auditors, Management Analysts Loan Interviewers and  Clerks, Loan Officers)  • Region’s 10‐year population growth rate expected to be one of the highest   • Region’s projected to boast one on the highest 10‐year net domestic  migration rates*  • Virginia is one of the most highly educated populations in the US  • Virginia has the largest and most highly educated veterans workforce    • Market‐leading Career Pathways program is a four‐tiered workforce  development initiative poised to groom next‐gen talent  • Virginia has one of the strongest talent pipelines in the Mid‐Atlantic &  Southeast  • Relatively strong university and community college system compared with  competitor    • Areas with robust broadband speeds with planned improvements to  underserved areas  • Area served by three major airport hubs and general aviation airport  • Strategically placed on Amtrak’s network  • Within driving distance of many major cities in the Northeast and Southeast  and dense, quality highway system  Page 7 of 10   Target Industry Analysis Update | Value Proposition Update     • A pro‐business climate that permits prompt building construction and  rezonings for business    • Moderately competitive average industry salaries for finance and insurance  among competitors  • Highly competitive lease costs  • Low Unemployment Insurance Tax per Employee  • Lowest Workers' Compensation Employer Insurance Costs Per $100 of  Payroll  • Competitive tax rates compared with competitor states    • High concentration of employment in the area of finance and insurance  • One of the highest employment concentrations*  • The highest past 10‐year growth rate in employment, with similar pattern  projected for next 10 years*  • Central position on the East Coast of the United States, with quick and easy  access to all major population centers east of the Mississippi  • Within one hour of 76% of the US population's regular daily schedule    • Moderately competitive or in line with cost of living in major population  centers  • Relatively strong primary and secondary school system  • Relatively low level of violent and property crime  • Moderately more healthy and active population    BioScience | Value Propositions      • Favorable population dynamics and a large pool of millennials  • Area is growing at a faster pace than the rest of Virginia   • Region’s 10‐year population growth rate expected to be one of the highest   • Region’s projected to boast one on the highest 10‐year net domestic  migration rates*  • Virginia is one of the most highly educated populations in the US  • Virginia has the largest and most highly educated veterans workforce    • Market‐leading Career Pathways program is a four‐tiered workforce  development initiative poised to groom next‐gen talent  • Virginia has one of the strongest talent pipelines in the Mid‐Atlantic &  Southeast  • Relatively strong university and community college system compared with  competitor    • The highest past 10‐year growth rate in employment, with similar pattern  projected for next 10 years*  • Strategically positioned to provide access to lucrative domestic markets  • Proximity to Federal decision‐makers and regulators  • Central position on the East Coast of the United States, with quick and easy  access to all major population centers east of the Mississippi  • Within one hour of 76% of the US population's regular daily schedule  Page 8 of 10   Target Industry Analysis Update | Value Proposition Update     • Area served by three major airport hubs and general aviation airport  • Strategically placed on Amtrak’s network  • Within driving distance of many major cities in the Northeast and Southeast  and dense, quality highway system    • A pro‐business climate that permits prompt building construction and  rezonings for business    • Moderately competitive average industry salaries among competitors  • Low Unemployment Insurance Tax per Employee  • Lowest Workers' Compensation Employer Insurance Costs Per $100 of  Payroll  • Competitive tax rates compared with competitor states    • Moderately competitive or in line with cost of living in major population  centers  • Relatively strong primary and secondary school system  • Relatively low level of violent and property crime  • Moderately more healthy and active population    Advanced Manufacturing | Value Propositions      • Largest employment of advanced manufacturing in Northern  Shenandoah Valley  • Strong occupational employment in core occupational groups  • Favorable population dynamics and a large pool of millennials  • Area is growing at a faster pace than the rest of Virginia   • One of the highest projected 10‐year growth rates for core Advanced  Manufacturing occupations (Packaging and Filling Machine Operators  and Tenders, Chemical Equipment Operators and Tenders, Electrical,  Electronic, and Electromechanical Equipment Assemblers, Team  Assemblers, Welders, Cutters, Solderers, and Brazers, Mixing and  Blending Machine Setters, Operators, and Tenders)  • Region’s 10‐year population growth rate expected to be one of the  highest   • Region’s projected to boast one on the highest 10‐year net domestic  migration rates*  • Better access to other potential talent pools, including veterans  population and high school graduates    • Market‐leading Career Pathways program is a four‐tiered workforce  development initiative poised to groom next‐gen talent  • Active CTE program among its competitors  • Virginia has one of the strongest talent pipelines in the Mid‐Atlantic &  Southeast  • Relatively strong university and community college system compared  with competitors    • One of the highest concentrations in several core Advanced  Manufacturing occupations*  Page 9 of 10   Target Industry Analysis Update | Value Proposition Update   • Several strong sub‐industry clusters  • Home to large Federal/Military presence and proximity to nation’s  capital  • Central position on the East Coast of the United States, with quick and  easy access to all major population centers east of the Mississippi  • Within one hour of 76% of the US population's regular daily schedule    • Large and dense interstate and highway system  • Two railways providing service  • Virginia Inland Port in proximity  • Area served by three major airport hubs and general aviation airport  • Strategically placed on Amtrak’s network  • Within driving distance of many major cities in the Northeast and  Southeast and dense, quality highway system    • A pro‐business climate that permits prompt building construction and  rezonings for business    • Moderately competitive average industry salaries among competitors  • Low Unemployment Insurance Tax per Employee  • Lowest Workers' Compensation Employer Insurance Costs Per $100 of  Payroll  • Competitive tax rates compared with competitor states    • One of the oldest right‐to‐work states and low level of unionization  • Competitive with low‐regulation States in Southeast  • Ranks consistently higher than its primary competitors in national  business and regulatory environment rankings    Food and Beverage | Value Propositions      • Strong occupational employment in core occupational groups  • Favorable population dynamics and a large pool of millennials  • Area is growing at a faster pace than the rest of Virginia   • One of the highest projected 10‐year growth rates for core Food and  Beverage occupations (Packaging and Filling Machine Operators and  Tenders, Food Batchmakers, Team Assemblers, Mixing and Blending  Machine Setters, Operators, and Tenders)  • Region’s 10‐year population growth rate expected to be one of the  highest   • Region’s projected to boast one on the highest 10‐year net domestic  migration rates*  • Better access to other potential talent pools, including veteran  population and high school graduates     • Market‐leading Career Pathways program is a four‐tiered workforce  development initiative poised to groom next‐gen talent  • Active CTE program among its competitors  • Virginia has one of the strongest talent pipelines in the Mid‐Atlantic &  Southeast  Page 10 of 10   Target Industry Analysis Update | Value Proposition Update   • Relatively strong university and community college system compared  with competitors    • Several strong sub‐industry clusters  • One of the highest concentrations in several core Food and Beverage  occupations*  • One of the highest employment concentrations*  • Central position on the East Coast of the United States, with quick and  easy access to all major population centers east of the Mississippi  • Within one hour of 76% of the US population's regular daily schedule    • Large and dense interstate and highway system  • Two railways providing service  • Virginia Inland Port in proximity  • Area served by three major airport hubs and general aviation airport  • Strategically placed on Amtrak’s network  • Within driving distance of many major cities in the Northeast and  Southeast and dense, quality highway system    • A pro‐business climate that permits prompt building construction and  rezonings for business    • Moderately competitive average industry salaries among competitors  • Low Unemployment Insurance Tax per Employee  • Lowest Workers' Compensation Employer Insurance Costs Per $100 of  Payroll  • Competitive tax rates compared with competitor states        DATE:   December 30, 2022    TO:    Board of Directors,  Frederick County Economic Development Authority    FROM:  Patrick Barker, CEcD  Executive Director    CC:    Jay Tibbs  Deputy County Administrator    RE:    Priority Actions for Target Industry Competitiveness    At the EDA’s October meeting, staff provided an update to short‐term action plans for  improving Frederick County competitiveness in attracting the approved Target Industry Sectors.    The plan is focused on the caveats related to talent and sites/buildings.   The following provides  an update to each item.  Updates are highlighted.    TALENT     Construct a listing of the “Potential Candidates per Opening for each sector” which are  low ratio (red) to moderate ratio (orange) results  o Completed and presented   Identify necessary career pathways for those occupations  o Completed and presented   Verify infrastructure in place for those career pathways  o In progress, awaiting feedback from educational institutions   Discuss with key stakeholders engaged with career pathway development potential  short‐term solutions  o Programmed to commence next month (January)   Hold conversations with key employers on current hiring strategies  o Programmed to commence next month (January)   Examine recommendations of DCI’s Talent Strategy for short term solutions  o Completed and presented     Develop recommendations with approximate budget, if applicable     Page 2 of 2  Update to priority actions for target sub‐sectors competitiveness     SITES/BUILDINGS     Identify large acreage areas (100 acres or more) either zoned, comprehensively planned  or otherwise with a focus on areas within proximity of major electric transmission lines  o Completed and generalized areas identified   Discuss those identified areas with infrastructure providers to assess service potential  within 12‐18 months with preliminary cost estimates, if applicable.   o Completed with some needed follow‐up   Contact property owners with industrially zoned properties of 50 acres or more and not  actively marketed regarding their interest in listing their property on the EDA Property  database.  o Properties identified and communication sent about listing   Assess feasibility of future applications to the Virginia Ready Sites Program’s Site  Development Fund  o On‐site visit by VRSP’s review team. Awaiting decision on $7,225,000 application  for the Valley Innovation Park’s sanitary sewer and power upgrades   Collaborate with Planning Department and other applicable committees/parties to  expand permitted uses within the Office/Industrial zoning district.  o Revised TM Zoning Ordinance scheduled for review by Development Rules and  Regulation Committee in January.    SOC Title Typical Entry‐Level EducationPrevious Work Experience Typical On‐the‐Job Training19‐1022 MillwrightsHigh school diploma or equivalent None Apprenticeship51‐9012 Sheet Metal WorkersHigh school diploma or equivalent None Apprenticeship53‐7065 Structural Iron and Steel WorkersHigh school diploma or equivalent None Apprenticeship51‐4041 MachinistsHigh school diploma or equivalent None Long‐term on‐the‐job training51‐9023Molders, Shapers, and Casters, Except Metal and PlasticHigh school diploma or equivalent None Long‐term on‐the‐job training15‐1253 Stationary Engineers and Boiler OperatorsHigh school diploma or equivalent None Long‐term on‐the‐job training51‐9191 Adhesive Bonding Machine Operators and TendersHigh school diploma or equivalent None Moderate‐term on‐the‐job training43‐4011 Brokerage ClerksHigh school diploma or equivalent None Moderate‐term on‐the‐job training51‐7011 Cabinetmakers and Bench CarpentersHigh school diploma or equivalent None Moderate‐term on‐the‐job training51‐9011 Chemical Equipment Operators and TendersHigh school diploma or equivalent None Moderate‐term on‐the‐job training51‐8091 Chemical Plant and System OperatorsHigh school diploma or equivalent None Moderate‐term on‐the‐job training51‐9192Cleaning, Washing, and Metal Pickling Equipment Operators and TendersHigh school diploma or equivalent None Moderate‐term on‐the‐job training51‐9124Coating, Painting, and Spraying Machine Setters, Operators, and TendersHigh school diploma or equivalent None Moderate‐term on‐the‐job training51‐2021 Coil Winders, Tapers, and FinishersHigh school diploma or equivalent None Moderate‐term on‐the‐job training51‐9161 Computer Numerically Controlled Tool OperatorsHigh school diploma or equivalent None Moderate‐term on‐the‐job training51‐9193Cooling and Freezing Equipment Operators and TendersHigh school diploma or equivalentNone Moderate‐term on‐the‐job training53‐7021 Crane and Tower OperatorsHigh school diploma or equivalent Less than 5 years Moderate‐term on‐the‐job training43‐4041 Credit Authorizers, Checkers, and ClerksHigh school diploma or equivalent None Moderate‐term on‐the‐job training51‐9021Crushing, Grinding, and Polishing Machine Setters, Operators, and TendersHigh school diploma or equivalent None Moderate‐term on‐the‐job training51‐9032Cutting and Slicing Machine Setters, Operators, and TendersHigh school diploma or equivalent None Moderate‐term on‐the‐job training51‐4031Cutting, Punching, and Press Machine Setters, Operators, and Tenders, Metal and PlasticHigh school diploma or equivalent None Moderate‐term on‐the‐job trainingLabor Analyis | Target Industry Talent Analysis SOC Title Typical Entry‐Level EducationPrevious Work Experience Typical On‐the‐Job Training51‐9081 Dental Laboratory TechniciansHigh school diploma or equivalent None Moderate‐term on‐the‐job training51‐2028Electrical, Electronic, and Electromechanical Equipment Assemblers, Except Coil Winders, Tapers, and FinishersHigh school diploma or equivalent None Moderate‐term on‐the‐job training49‐2096Electronic Equipment Installers and Repairers, Motor VehiclesHigh school diploma or equivalent None Moderate‐term on‐the‐job training51‐2031 Engine and Other Machine AssemblersHigh school diploma or equivalent None Moderate‐term on‐the‐job training51‐4021Extruding and Drawing Machine Setters, Operators, and Tenders, Metal and PlasticHigh school diploma or equivalent None Moderate‐term on‐the‐job training51‐9041Extruding, Forming, Pressing, and Compacting Machine Setters, Operators, and TendersHigh school diploma or equivalent None Moderate‐term on‐the‐job training51‐2051 Fiberglass Laminators and FabricatorsHigh school diploma or equivalent None Moderate‐term on‐the‐job training51‐3091 Food BatchmakersHigh school diploma or equivalent None Moderate‐term on‐the‐job training51‐3092 Food Cooking Machine Operators and TendersHigh school diploma or equivalent None Moderate‐term on‐the‐job training19‐1012Forging Machine Setters, Operators, and Tenders, Metal and PlasticHigh school diploma or equivalent None Moderate‐term on‐the‐job training19‐1012Furnace, Kiln, Oven, Drier, and Kettle Operators and TendersHigh school diploma or equivalent None Moderate‐term on‐the‐job training51‐4033Grinding, Lapping, Polishing, and Buffing Machine Tool Setters, Operators, and Tenders, Metal and PlasticHigh school diploma or equivalent None Moderate‐term on‐the‐job training51‐4033Heat Treating Equipment Setters, Operators, and Tenders, Metal and PlasticHigh school diploma or equivalent None Moderate‐term on‐the‐job training51‐9061 Inspectors, Testers, Sorters, Samplers, and WeighersHigh school diploma or equivalent None Moderate‐term on‐the‐job training51‐9061 Inspectors, Testers, Sorters, Samplers, and WeighersHigh school diploma or equivalent None Moderate‐term on‐the‐job training51‐9061 Insurance Claims and Policy Processing ClerksHigh school diploma or equivalentNoneModerate‐term on‐the‐job training53‐7062Lathe and Turning Machine Tool Setters, Operators, and Tenders, Metal and PlasticHigh school diploma or equivalent None Moderate‐term on‐the‐job training43‐4131 Log Graders and ScalersHigh school diploma or equivalent None Moderate‐term on‐the‐job training13‐2072 Logging Equipment OperatorsHigh school diploma or equivalent None Moderate‐term on‐the‐job training SOC Title Typical Entry‐Level EducationPrevious Work Experience Typical On‐the‐Job Training29‐2011 Medical Appliance TechniciansHigh school diploma or equivalent None Moderate‐term on‐the‐job training13‐1121 Metal Workers and Plastic Workers, All OtherHigh school diploma or equivalent None Moderate‐term on‐the‐job training51‐4199Milling and Planing Machine Setters, Operators, and Tenders, Metal and PlasticHigh school diploma or equivalent None Moderate‐term on‐the‐job training19‐1022Mixing and Blending Machine Setters, Operators, and TendersHigh school diploma or equivalent None Moderate‐term on‐the‐job training51‐9023Molding, Coremaking, and Casting Machine Setters, Operators, and Tenders, Metal and PlasticHigh school diploma or equivalent None Moderate‐term on‐the‐job training51‐4081Multiple Machine Tool Setters, Operators, and Tenders, Metal and PlasticHigh school diploma or equivalentNone Moderate‐term on‐the‐job training15‐1244 New Accounts ClerksHigh school diploma or equivalent None Moderate‐term on‐the‐job training15‐1244 Occupational Health and Safety TechniciansHigh school diploma or equivalent NoneModerate‐term on‐the‐job training15‐2031 Ophthalmic Laboratory TechniciansHigh school diploma or equivalent None Moderate‐term on‐the‐job training15‐2031 Packaging and Filling Machine Operators and TendersHigh school diploma or equivalent None Moderate‐term on‐the‐job training53‐7064 Paper Goods Machine Setters, Operators, and TendersHigh school diploma or equivalent None Moderate‐term on‐the‐job training13‐2052 PhotographersHigh school diploma or equivalent None Moderate‐term on‐the‐job training19‐2099Plating Machine Setters, Operators, and Tenders, Metal and PlasticHigh school diploma or equivalent None Moderate‐term on‐the‐job training51‐4193 Printing Press OperatorsHigh school diploma or equivalent None Moderate‐term on‐the‐job training51‐9199 Production Workers, All OtherHigh school diploma or equivalent None Moderate‐term on‐the‐job training41‐2031Rolling Machine Setters, Operators, and Tenders, Metal and PlasticHigh school diploma or equivalent None Moderate‐term on‐the‐job training41‐4011Sawing Machine Setters, Operators, and Tenders, WoodHigh school diploma or equivalent None Moderate‐term on‐the‐job training41‐4011Sawing Machine Setters, Operators, and Tenders, WoodHigh school diploma or equivalent None Moderate‐term on‐the‐job training41‐3031Separating, Filtering, Clarifying, Precipitating, and Still Machine Setters, Operators, and TendersHigh school diploma or equivalent None Moderate‐term on‐the‐job training SOC Title Typical Entry‐Level EducationPrevious Work Experience Typical On‐the‐Job Training47‐2221 Structural Metal Fabricators and FittersHigh school diploma or equivalent None Moderate‐term on‐the‐job training51‐2041 Team AssemblersHigh school diploma or equivalent None Moderate‐term on‐the‐job training41‐9041 Tire BuildersHigh school diploma or equivalent None Moderate‐term on‐the‐job training43‐5111 Welders, Cutters, Solderers, and BrazersHigh school diploma or equivalent None Moderate‐term on‐the‐job training51‐4121Welding, Soldering, and Brazing Machine Setters, Operators, and TendersHigh school diploma or equivalent None Moderate‐term on‐the‐job training51‐4122 Woodworkers, All OtherHigh school diploma or equivalent None Moderate‐term on‐the‐job training51‐4122Woodworking Machine Setters, Operators, and Tenders, Except SawingHigh school diploma or equivalent None Moderate‐term on‐the‐job training47‐1011First‐Line Supervisors of Farming, Fishing, and Forestry WorkersHigh school diploma or equivalent Less than 5 years None51‐1011First‐Line Supervisors of Production and Operating WorkersHigh school diploma or equivalent Less than 5 years None51‐4033 Healthcare Support Workers, All OtherHigh school diploma or equivalent None None49‐9091Coin, Vending, and Amusement Machine Servicers and RepairersHigh school diploma or equivalent None Short‐term on‐the‐job training43‐5021 Couriers and MessengersHigh school diploma or equivalent None Short‐term on‐the‐job training43‐9021 Data Entry KeyersHigh school diploma or equivalent None Short‐term on‐the‐job training43‐4071 File ClerksHigh school diploma or equivalent None Short‐term on‐the‐job training13‐2051 Financial Clerks, All OtherHigh school diploma or equivalent None Short‐term on‐the‐job training51‐4022 Furniture FinishersHigh school diploma or equivalent None Short‐term on‐the‐job training51‐9198 Helpers‐‐Production WorkersHigh school diploma or equivalent None Short‐term on‐the‐job training43‐9041 Interviewers, Except Eligibility and LoanHigh school diploma or equivalent None Short‐term on‐the‐job training53‐3033 Loan Interviewers and ClerksHigh school diploma or equivalent None Short‐term on‐the‐job training11‐9199 Manufactured Building and Mobile Home InstallersHigh school diploma or equivalent None Short‐term on‐the‐job training31‐9094 Merchandise Displayers and Window TrimmersHigh school diploma or equivalent None Short‐term on‐the‐job training43‐9061 Office Machine Operators, Except ComputerHigh school diploma or equivalent NoneShort‐term on‐the‐job training27‐3042 TellersHigh school diploma or equivalent None Short‐term on‐the‐job training11‐3071Veterinary Assistants and Laboratory Animal CaretakersHigh school diploma or equivalent None Short‐term on‐the‐job training :1 Proposed Changes – OM Office-Manufacturing Park District Revised November 22, 2022 § 165-605.01 § 165-605.02 PART 605 TM Technology-Manufacturing District [Added 12-10-2008, Amended 2022] § 165-605.01. Intent. The TM District is designed to provide areas for Economic Development Authority (EDA) targeted industries, data centers, offices, low-impact industrial, assembly, and manufacturing uses. . Uses are allowed which do not create significant noise beyond the property line, smoke, dust or other hazards. This district shall be located in a business campus-like setting with direct access to major transportation networks and/or rail facilities and areas where there is availability and/or close-proximity to overhead electrical transmission lines Buildings should include attractive architectural features utilizing high quality building materials comparable to brick, stone, and glass. § 165-605.02. Permitted uses. [Amended 11-18-2009; 12-11-2019] Permitted uses are as follows: Permitted Uses Standard Industrial Classification (SIC) Manufacturing as follows: Dairy Products 202 Canned, frozen and preserved fruits, vegetables and soup mixes 203 Bakery products 205 Sugar and confectionary products 206 Beverages 208 Miscellaneous food preparations and products, excluding the following: Canned and cured fish and seafood Fresh or frozen fish and seafood 209 2091 2092 Furniture and related product manufacturing 25 Paperboard containers and boxes 265 Publishing industries 27 Pharmaceutical and medicine manufacturing 283 :1 Proposed Changes – OM Office-Manufacturing Park District Revised November 22, 2022 Rubber and miscellaneous plastics manufacturing 30 Excluding uses in italics: Tires and inner tubes 3011 Fabricated metal products 34 Industrial and commercial machinery and computer equipment manufacturing 35 Electronics and other electrical equipment and components manufacturing 36 Aircraft and parts manufacturing 372 Guided Missiles, Space Vehicles, and Parts 376 Measuring, analyzing and controlling instruments; photographic, medical and optical goods; and watches and clocks 38 Miscellaneous manufacturing industries 39 Communications 48 Depository Institutions 60 :2 Proposed Changes – OM Office-Manufacturing Park District Revised November 22, 2022 § 165-605.02 § 165-605.03 Permitted Uses Standard Industrial Classification (SIC) Nondepository credit institutions 61 Security and commodity brokers, dealers, exchanges, and services 62 Insurance carriers and services 63-64 Real estate 65 Holding and other investment offices 67 Business services 73 Doctors offices and clinics 801-804 Medical and dental laboratories 807 Legal services 81 Vocational schools 824 Business associations 861 Professional membership organizations 862 Labor unions and similar labor organizations 863 Engineering, accounting, research management, and related services 87 Public administration 91-97 General business offices, including corporate, or other offices not providing services to the general public on a regular basis as the primary use --- Public utilities - Flex-Tech, provided that at least one of the individual user’s uses is a permitted use in this section. - :2 Proposed Changes – OM Office-Manufacturing Park District Revised November 22, 2022 Communication facilities and offices, including telephone, telegraph, radio, television and other communications 48 :4 Proposed Changes – OM Office-Manufacturing Park District Revised November 22, 2022 § 165-605.03 § 165-605.03.1 § 165-605.03. Secondary or accessory uses. [Amended 11-18-2009] The following uses shall be permitted by right in the TM District but only in conjunction with and secondary to a permitted principal use. All other uses not listed below, permitted by right only in conjunction with and secondary to a permitted principle use, shall bein accordance with §165-201.05. Secondary Uses Standard Industrial Classification (SIC) Warehousing/Distribution up to 50% gross square footage (or up to 75% gross square footage where served directly by rail) - :4 Proposed Changes – OM Office-Manufacturing Park District Revised November 22, 2022 § 165-605.04. Design requirements. A. Minimum size. No TM District rezoning shall be approved for less than 10 contiguous acres. (1) There shall be no minimum lot size. (2) There shall be no minimum lot width or depth. B. Development standards. The following standards shall apply in the TM Park District: (1) Any building facing road rights-of-way shall be faced on all sides with durable, attractive materials, including but not limited to painted two-tone pre-cast concrete panels. (2) Loading docks or loading entrances shall be completely screened from view from public streets and adjoining properties by a six (6) foot tall opaque fencing, masonry walls, berms or a double row of evergreen tree plantings. (3) Outdoor storage shall be limited to 35% of total lot area, be located outside of front setbacks, and shall be in conformance with §165-201.10. (4) C. The maximum structural height for office buildings shall not exceed 90 feet; the height for all other uses shall be regulated by § 165-601.02 and §165-201.03. ]Added 11-18-2009] D. The maximum structural height for automobile parking structures shall not exceed 70 feet. ]Added 11-18-2009] E. Properties utilizing the TM Park District zoning shall not be required to complete a master development plan prior to submission of a site plan.     DATE:   December 20, 2022    TO:    Board of Directors,  Frederick County Economic Development Authority    FROM:  Patrick Barker, CEcD  Executive Director    CC:    Jay Tibbs  Deputy County Administrator    RE:    Grocery Store Attraction | Update    Staff is providing a regular update on its progress regarding efforts to encourage grocery stores  to locate in Frederick County.      GROCERY STORES    Aldi   Amazon Fresh   Harris Teeter   Kroger   MOM's Organic Market   Publix   Safeway   Sprouts Farmers Market   Trader Joe’s   Wegmans   Weis Markets   Whole Foods  CONNECTION STATUS     Successful | 8    Awaiting | 4  For those with whom we have connected, they receive an update quarterly on relevant  information with a soft ask for an update.  Those still awaiting connection receive a follow‐up  email and two phone calls each month.  Calls typically placed on Wednesday and Thursday  between 4:00 pm – 5:00 pm. These times are considered best practices.  INTEREST LEVEL   Moderate (12‐24 months) | 3  o Actively looking for locations in a larger geographic area, which includes  Frederick County with 2 having recent interest   Long Term (Greater than24 months) | 3  o No current plans to enter the market, but our area is part of their long‐term  market consideration   None | 2