EDAAgenda2024December5
ECONOMIC DEVELOPMENT AUTHORITY
| THURSDAY, DECEMBER 5, 2024 |
| 8:00 AM |
COUNTY ADMINISTRATION BUILDING @ FIRST FLOOR CONFERENCE ROOM
107 KENT STREET WINCHESTER, VA
1. Call to Order
2. Partner Showcase – Frederick Water
Presentation by EDA partners, Frederick Water, to include an overview of their
operations and activities and how they interact with the EDA.
3. Microloan Program || DISCUSSION
Presentation of potential partnership with the Shenandoah Community Capital
Fund of small short-term loans provided to small businesses or entrepreneurs,
particularly those who might struggle to secure traditional bank loans
4. Approval of Minutes – November 7, 2024 || ACTION
Review and approval of minutes from last meeting, if appropriate
5. EDA Strategy FY26 || ACTION
Annual review process of EDA Strategy which will continue by reviewing the main
goals’ actions and measurements.
6. EDA Budget FY26 || ACTION
Staff presents for review and recommendation, if appropriate, the FY26 budget,
which seeks to implement the adopted EDA Strategy.
7. Target Industry Study Update || ACTION
Annual update to the identification of target industry sectors
8. Such other business as may come before this Authority
DATE: December 2, 2024
TO: Board of Directors,
Frederick County Economic Development Authority
FROM: Patrick Barker, CEcD
Executive Director
CC: Jay Tibbs
Deputy County Administrator
RE: EDA Partner Showcase || Frederick Water
Over the past year, EDA partners have been invited to present to the Board at a regular
interval. The presentation includes an overview of the entity’s operations and activities and
how they interact with the EDA.
As you are aware, robust and efficient water and wastewater is a requirement for Project Ready
sites, as well as EDA Targeted Industries. To that end, Frederick Water will be presenting its
operations and long-term service plans. Frederick Water is the public water and sewer utility
serving parts of Frederick County, Virginia. It provides essential services for residential,
commercial, and industrial customers in the area. Frederick Water handles everything from
water treatment and distribution to wastewater management, ensuring safe and reliable water
services for the community. Eric Lawrence, the director, will be in attendance.
Frederick Water Service Area
DATE: December 2, 2024
TO: Board of Directors,
Frederick County Economic Development Authority
FROM: Patrick Barker, CEcD
Executive Director
CC: Jay Tibbs
Deputy County Administrator
RE: Microloan
During our last joint meeting with the Board of Supervisors, the need was identified to explore
financial support options for county businesses that do not meet the EDA’s Incentive Policy's
minimum qualifications. Microloans present a promising solution.
Local government microloan programs offer small, low-interest loans (typically $1,000 to
$50,000) to help local businesses, startups, and entrepreneurs. These funds support economic
growth, job creation, and community development. Loans can cover equipment, inventory, or
working capital, with eligibility based on a solid business plan and demonstrated need. Many
programs also provide technical assistance or mentoring.
The Shenandoah Community Capital Fund (SCCF), a regional nonprofit serving the Shenandoah
Valley, could be our vehicle for administering these loans. SCCF has disbursed over $1.7 million
in microloans and collaborates closely with localities like Augusta County, allowing direct input
on interest rates and application reviews. Replicating this model could provide critical support
to Frederick County’s small businesses.
Attached are details of SCCF's current program for your review. We welcome the EDA Board's
feedback on this proposed microloan initiative.
We are so excited that you are interested in a microloan through SCCF!
We’ve compiled some information that will help you as you start the
application process.
SCCF Offers Microloans to small businesses and entrepreneurs in the amount
of $1,000-$50,000,terms up to 5 years,and interest rates of 9.75%-10.5%,with
potential incentives for lower rates.We require a personal guarantee and
quarterly check-ins on all loan agreements.We are more than willing to share
sample closing documents with you-let us know!
The Loan Review Committee meets on the 4th week of every month.
Applications can be submitted on a rolling basis;applications received by the
15th of the month prior are eligible to be presented for approval to the loan
review committee the next month.The loan team will work with you as you
submit your application and documentation.
Table of Contents:
1.Documents Needed for Application
2.FAQs about the loan program
Contact Information for Loan Team:
Kristin Wong,Microfinance Director
kristin@sccfva.org 703-559-7893
We know getting together application documents can be daunting.
Please reach out if you have any questions-we are more than glad to
meet with you and answer any questions!
We are an Equal Opportunity lender,provider,and employer.
Documents needed for Loan Application:
Once you have had a loan interest meeting with someone on the SCCF loan
team,you will be sent the link to our application.The application asks for
information about your business,use of loan funds,and personal and
business financial information.In addition,depending on your business,you
will need to include the following documents in addition to your loan
application:
Note:SCCF focuses on access to capital for entrepreneurs and small
businesses that do not have access to capital from a commercial lender.
We do encourage you to apply for lending at your local bank before
applying for a loan with SCCF.We’d be happy to connect you with a local
lender.
Start-up Business:
(Your business has one year or less of revenue)
●Business Plan
●Cash Flow Projections for 2 years
●Detailed budget for loan funds applying for
●Past 2 years Business Tax Returns
●Past 2 years Personal Tax Returns
●Recent copy of credit report and credit score
●Copy of driver's license or other form of government ID
●SCCF Intake Form (sent to you from SCCF in application process)
If you have sales,
●Income (Profit &Loss)Statement (Year-to date)
●Balance Sheet (Year-to date)
We are an Equal Opportunity lender,provider,and employer.
Expanding Existing Business:
(Your business has historic revenue and is changing or expanding from
what your business has been historically)
●Income (Profit &Loss)Statement -Past two years,including
Year-to-date
●Balance Sheet -Past two years,including Year-to-date
●Business Plan
●Cash Flow Projections for 2 years
●Detailed budget for loan funds applying for
●Past 2 years Business Tax Returns
●Past 2 years Personal Tax Returns
●Recent copy of credit report and credit score
●Copy of driver's license or other form of government ID
●SCCF Intake Form (sent to you from SCCF in application process)
Existing Business (not-expanding):
(Your business has historical revenue and is not changing or expanding
from what your business has been historically)
●Income (Profit &Loss)Statement -Past two years,including
Year-to-date
●Balance Sheet -Past two years,including Year-to-date
●Detailed budget for loan funds applying for
●Past 2 years Business Tax Returns
●Past 2 years Personal Tax Returns
●Recent copy of credit report and credit score
●Copy of driver's license or other form of government ID
●SCCF Intake Form (sent to you from SCCF in application process)
We are an Equal Opportunity lender,provider,and employer.
Where do I start?
Fill out the loan interest form on sccfva.org and our team can help you figure
out your next steps!
What if I don’t have all the documents needed for the application?
Let us know and we can send you a template for income statements (P&L)
and balance sheets!There are also great resources such as the SBDC that can
help with these documents.
Am I qualified for a loan with SCCF?
We look at loan applications holistically including:
Your business must be located within the Shenandoah Valley
Business and Personal debt to income ratio
Programs/resources you have utilized and Market research
We look at credit history,however SCCF is not a credit based lender so a
loan decision will not be based solely on your credit history
How long does the application process take?
Around one month!As long as your application is in by the 15th of the prior
month,it is eligible to be presented to the loan review committee on the 4th
week of the next month.(Ex:you get your loan application in on July 15th and
your application can be presented to the loan review committee in August)
What are your interest rates?
9.75%-10.5%with potential incentives for lower rates
How can I best prepare for running a business?
You can join our Business Bootcamp program.Other resources include your
local Small Business Development Center (SBDC),Economic Development
Office,and Chamber of Commerce.
How can loans funds be spent?
SBA microloans can be used for any business expenses EXCEPT real estate
What are the amounts available for loans?
We process loans in the ranges of $1,000-$5,000,
$5,000-$20,000 (most popular),and $20,00-$50,000.
We are an Equal Opportunity lender,provider,and employer.
MINUTES
ECONOMIC DEVELOPMENT AUTHORITY
| THURSDAY, NOVEMBER 7, 2024 |
A meeting of the Frederick County Economic Development Authority was held on
Thursday, November 7, 2024, at 8:00 a.m. in the County Administration Building, First
Floor Conference Room, 107 North Kent Street, Winchester, Virginia.
PRESENT: Bryan Fairbanks, Judy McCann-Slaughter, Diane Kearns, Stan Crockett,
Rick Till and Gary Lofton.
STAFF: Patrick Barker, Shayla Rickard, Wendy May, and Donna McIlwee, Frederick
County Economic Development Authority; Jay Tibbs, Deputy County Administrator; and
Michael Bryan, EDA Attorney.
MEETING CALLED TO ORDER: Chairman Till called the meeting to order at 8:00 a.m.
APPROVAL OF MINUTES
The minutes from the October 3, 2024, meeting were presented. Mr. Fairbanks
requested that wording shown on page 3, under “Joint Meeting with Supervisors
Preparation” be modified to read “…is an attraction problem for local companies, especially
with the overcrowding of local public schools. He also suggested showing ROI would be
valuable when discussing specific programs and for overall EDA spending when giving an
overview of the local economy.” On motion duly made by Ms. Kearns and seconded by Mr.
Fairbanks, the minutes were approved as modified by the following recorded vote:
J. Stanley Crockett Aye
Bryan Fairbanks Aye
Diane Kearns Aye
Gary Lofton Aye
Judy McCann-Slaughter Aye
Karen Swecker Absent
Rick Till Aye
TREASURER'S REPORTS
Mr. Barker submitted the following reports:
Checking Account - Bank of Clarke as of September 30, 2024 - $18,875.72
Intrafi Account – Bank of Clarke as of September 30, 2024 - $3,068,263.03
Page 2 of 3
Frederick County EDA Meeting Minutes | November 7, 2024
Checking Account - Bank of Clarke as of October 31, 2024 - $18,875.72
Intrafi Account – Bank of Clarke as of October 31, 2024 - $3,078,259.35
On motion of Ms. McCann-Slaughter, seconded by Mr. Crockett, the Treasurer’s
Reports were approved collectively by the following recorded vote:
J. Stanley Crockett Aye
Bryan Fairbanks Aye
Diane Kearns Aye
Gary Lofton Aye
Judy McCann-Slaughter Aye
Karen Swecker Absent
Rick Till Aye
JOINT MEETING WITH SUPERVISORS RECAP
Mr. Barker reviewed topics discussed at the joint meeting with the BOS held on October 23.
Key objectives identified for the next 12 months include: (1) grocery store outreach, (2)
industry sector readiness, (3) talent development, and (4) project ready sites. He stated the
EDA Chair desires feedback and insight from the Authority members regarding the meeting and
the direction discussed.
Ms. Kearns stated she got the impression that number 4 was the highest priority for the BOS.
She also noticed that agriculture was not addressed.
Mr. Lofton feels we need to explore what we can do to enhance small farmers’ ability to
expand and grow and use the agribusiness assets we currently have; i.e., encourage White
House Foods to build larger facilities in Frederick County.
Mr. Barker suggested staff have a conversation with the Visitors Bureau and local Extension
Office to see what could be done to help local agribusinesses.
Mr. Fairbanks inquired as to what is being done now to increase the availability of large project
ready sites. Mr. Barker explained an idea is being developed and will be brought to the Board
later.
EDA STRATEGY FY26
Mr. Barker reported the EDA Strategy is approved annually by the EDA Board and serves as a
guiding framework for Frederick County’s economic development efforts. It is reviewed and
approved each year to conform to evolving needs. This year, staff made routine revisions,
including updates to economic data, incorporation of current best practices and clarification of
key sections. Board members were asked to review the draft Strategy for 2025-26 and any
recommendations submitted to staff by Friday, November 15. Staff will compile Board
Page 3 of 3
Frederick County EDA Meeting Minutes | November 7, 2024
feedback, along with their own recommendations, for further review at the next EDA Board
meeting.
Ms. McCann-Slaughter recommended that site readiness by highlighted in the Strategy, as well
as an awareness that the EDA can issue bonds.
Mr. Fairbanks suggested the inclusion of programs that property owners and/or developers
may not know about.
Mr. Lofton stated we need to engage with legislators about the State Code regarding the
issuance of bonds, as rules may need to be changed.
LIVE.LOVE.SHENANDOAH
Mr. Barker presented an update on this talent attraction marketing strategy plan as developed
for the Frederick County EDA in partnership with other northern Shenandoah Valley localities
by Development Counsellors International (DCI).
SUCH OTHER BUSINESS AS MAY COME BEFORE THIS AUTHORITY
Mr. Barker congratulated Wendy May, Marketing Manager, on her graduation from the
Economic Development Institute at Oklahoma University.
ADJOURN
There being no further business to come before this Authority, the meeting was adjourned at
8:50 a.m.
________________________________ ____________________________
Richard Till Jay Tibbs
Chairman Secretary
DATE: December 2, 2024
TO: Board of Directors,
Frederick County Economic Development Authority
FROM: Patrick Barker, CEcD
Executive Director
CC: Jay Tibbs
Deputy County Administrator
RE: Target Industry Sectors Update
The EDA regularly evaluates its target industries to ensure they align with Frederick County’s
unique strengths and growth opportunities. This process pinpoints traded-sector industries that
can best leverage local assets, offering promising opportunities for expansion or relocation.
These industries drive economic vitality through investments, job creation, competitive
payrolls, and increased local procurement, enhancing the county's overall economic landscape.
The current Target Industry Sectors are as follows:
To conduct this essential review, we applied the same analytical filter process used in prior
updates. The first step involved analyzing current and future industry trends using two key data
sources: JobsEQ and Conway Analytics. JobsEQ, developed by Chmura Economics, provides
comprehensive data on demographics, industries, occupations, and employment. Meanwhile,
Conway Analytics offers a global database of corporate expansion projects, delivering critical
business insights and tracking signals for companies planning to expand or relocate. This
approach ensures data-driven decisions for strategic industry targeting.
Page 2 of 4
Target Industry Update
First, traded industry sectors with a positive 10-year employment growth trend were identified
within the Frederick County MSA, a 45-mile radius, and statewide. Sectors with an average
occupational wage above Frederick County’s were shortlisted. Next, Conway Analytics data on
new projects from the past 18 months assessed each sector's current relevance. Finally, sectors
were compared to national performance. Those meeting all criteria form the final list, ensuring
focus on high-growth, high-value opportunities for the county’s economic development
strategy.
NAICS Industry Occupational Wage
3111 Animal Food Manufacturing $57,700
3256
Soap, Cleaning Compound, and Toilet Preparation
Manufacturing $61,850
3334
Ventilation, Heating, Air-Conditioning, and Commercial
Refrigeration Equipment Manufacturing $62,370
3344
Semiconductor and Other Electronic Component
Manufacturing $75,410
3345
Navigational, Measuring, Electromedical, and Control
Instruments Manufacturing $84,380
3359
Other Electrical Equipment and Component
Manufacturing $63,070
4881 Support Activities for Air Transportation $66,610
4885 Freight Transportation Arrangement $63,430
5162
Media Streaming Distribution Services, Social Networks,
and Other Media Networks and Content Providers $93,630
5182
Computing Infrastructure Providers, Data Processing,
Web Hosting, and Related Services $98,500
5192
Web Search Portals, Libraries, Archives, and Other
Information Services $99,520
5221 Depository Credit Intermediation $78,210
5222 Nondepository Credit Intermediation $78,300
5251 Insurance and Employee Benefit Funds $79,250
5414 Specialized Design Services $77,290
5415 Computer Systems Design and Related Services $106,750
5417 Scientific Research and Development Services $105,730
5419 Other Professional, Scientific, and Technical Services $78,180
5511 Management of Companies and Enterprises $91,340
5611 Office Administrative Services $85,570
Page 3 of 4
Target Industry Update
In addition to the above, staff recommends including existing manufacturing sectors with
strong competitive advantages, indicated by high location quotients (LQ). These industries show
significant concentration and specialization in Frederick County compared to national averages.
Relevant economic data, such as current employment levels and job forecasts, support their
continued growth and strategic importance. Prioritizing these sectors aligns with the county's
strengths and enhances future economic development opportunities.
NAICS Industry LQ
3211 Sawmills and Wood Preservation 7.34
3212
Veneer, Plywood, and Engineered Wood
Product Manufacturing 5.18
3219 Other Wood Product Manufacturing 1.96
3222 Converted Paper Product Manufacturing 2.31
3231 Printing and Related Support Activities 2.05
3241 Petroleum and Coal Products Manufacturing 4.08
3252
Resin, Synthetic Rubber, and Artificial and
Synthetic Fibers and Filaments Manufacturing 1.50
3254 Pharmaceutical and Medicine Manufacturing 4.02
3261 Plastics Product Manufacturing 13.20
3262 Rubber Product Manufacturing 2.46
3271 Clay Product and Refractory Manufacturing 3.98
3273 Cement and Concrete Product Manufacturing 6.68
3274 Lime and Gypsum Product Manufacturing 12.96
3279
Other Nonmetallic Mineral Product
Manufacturing 2.46
3323
Architectural and Structural Metals
Manufacturing 3.71
3324
Boiler, Tank, and Shipping Container
Manufacturing 6.58
3325 Hardware Manufacturing 2.31
3327
Machine Shops; Turned Product; and Screw,
Nut, and Bolt Manufacturing 1.19
Page 4 of 4
Target Industry Update
In summary, staff recommends the following sectors and subsectors as Targeted Industry
Sectors. Note, these are identical to the previously approved Sectors. We seek the Authority's
input, discussion, and endorsement, if deemed appropriate, to advance this strategic direction.
Corporate Services Finance & Insurance
• Management of Companies and
Enterprises
• Depository Credit Intermediation
• Administrative Services • Nondepository Credit Intermediation
• Professional, Scientific, and Technical
Services
Information Technology Advanced Manufacturing
• Data Processing, Hosting, and Related
Services
• Boiler, Tank, and Shipping Containers
• Computer Systems Design and Related
Services
• Cement/Concrete
• Control Instruments
BioScience • Electric components
• Pharmaceutical and Medicine
Manufacturing
• Lime/Gypsum
• Medical and Diagnostic Laboratories • Metals
• Scientific Research and Development
Services
• Petroleum/Coal
• Plastics
Food & Beverage • Printing
• Animal • Wood
• Dairy
• Fruit and vegetable
• Grain
• Specialty
DATE: December 2, 2024
TO: Board of Directors,
Frederick County Economic Development Authority
FROM: Patrick Barker, CEcD
Executive Director
CC: Jay Tibbs
Deputy County Administrator
RE: EDA Strategy FY26 Update
The annually approved EDA Strategy provides a guiding framework for Frederick County’s
economic development initiatives. Each year, the Board reviews and updates the Strategy to
ensure it aligns with evolving needs and goals.
In November, an updated draft Strategy was presented to guide staff activities for the coming
year. Revisions from the EDA Board, along with updated economic data and staff suggestions,
have been incorporated into this final draft.
Staff seeks the Authority's review, feedback, and, if appropriate, adoption of the document.
FREDERICK COUNTY, VIRGINIA
ECONOMIC DEVELOPMENT STRATEGIC PLAN
2025 - 2026
Strategy Frederick County EDA
Page 2 of 20
Draft December 2024
Table of Contents
Introduction
Background
-factors contributing to County success
Role of Economic Development Authority
-why created, main functions
Situational Analysis
-strengths, concerns and asset analysis
-basic relevant info on local economy with comparison to State and US economies
Implementing the Plan
-discusses how the plan includes the mission, objectives and long-term guidance for specific
activities and measures
Mission, Strategic Goals & Objectives
1. Talent Engagement
2. Business Retention
Manufacturing & Business Services
Agriculture
Small Businesses
3. Business Attraction
Business Targets
4. Business Climate
Impact Measures
-capital investment values, new jobs creation, new jobs wages, relationship developed and other
measurements
Strategy Frederick County EDA
Page 3 of 20
Draft December 2024
INTRODUCTION
The Frederick County Economic Development Authority (EDA) has developed this strategic plan to clarify
the direction and focus of Frederick County’s economic development activities. The plan highlights the
importance of maintaining and enhancing the diverse economy of Frederick County. The goals and
objectives outlined in the EDA’s strategic plan support and align with the Business Development section
of Frederick County’s comprehensive plan. Moreover, this strategic plan will drive the formulation of
the EDA’s annual operational plan.
BACKGROUND
Frederick County, VA has earned a long-standing reputation as a top economy in the State of Virginia
and Shenandoah Valley region. Some of the competitive factors that have contributed to Frederick
County’s success are listed below.
Central & Essential
Frederick County, VA serves a range of industries – from manufacturers and financial
institutions, to IT companies and startups – that benefit from our strategic geographic
advantages in the heart of the East Coast. Located just 80 miles from Washington, D.C.,
Frederick County, VA is a central part of the Winchester, VA-WV metro statistical area
(MSA), which includes Frederick County’s City of Winchester, as well as Hampshire
County, West Virginia. Our county’s advantageous location places businesses and
residents near Washington, D.C.’s established business market, both in the public and
private sectors. The region’s efficient transportation network – with easy access to
major highways, including Interstates 81 and 66, railways, including CSX and Winchester
& Western, three international airports and one general aviation airport and the Virginia
Inland Port – allows companies to reach customers anywhere in the world. Two-thirds
of the U.S. and Canadian population can be reached within a day’s drive.
Dedicated Workforce and Standard of Excellence
Frederick County draws from a skilled workforce that is nurtured at all levels. Labor
supply for Frederick County is drawn from a 45-mile radius across 10 counties in
Virginia, Maryland and West Virginia. The total labor supply is more than 360,000
working age individuals, over 9091% of which are high school graduates (or higher);
39.741% hold an associate degree or higher. The Frederick County Economic
Development Authority’s market-leading Career Pathways program is a multi-tiered
workforce development initiative poised to groom next-gen talent and ensure our
business outfits can tap into a skilled and motivated talent pool.
Business Diversity – From Local to Global
Widely recognized employers are operating here, including HP Hood, Trex, Kraft-Heinz
Foods, Berry Global, Navy Federal Credit Union, Rubbermaid and Thermo Fisher
Scientific. A mix of manufacturing, retail, professional services, logistics, customer
service, technology and entrepreneurial enterprises keep the economy strong. Our
region is among the top 10% best performing metros in Virginia for capital investment
and new job creation. Our business community has steadily grown over the years and
Strategy Frederick County EDA
Page 4 of 20
Draft December 2024
has been recognized for its range of offerings, proximity to major metros and its long-
term appeal to some of today’s leading manufacturers, financial operations and more.
Recognized Performance and Efficiency
With an extensive and diverse business portfolio, $156.128.25 million in capital
expenditures between 20202021-2223, plus ongoing partnerships between the business
community and educational institutions, Frederick County has consistently recruited and
retained leading companies. We have also been recognized as one of the most
prosperous economies in the state. In fact, Frederick County falls within the top 1020%
of Virginia localities over the last decade (top 9%21 out of 125 in capital investment and
top 8%11 of of 125 in new job growth). Frederick County is consistently rated a great
place to operate a business – registering at among the top 20% of small metros
nationwide in Area Development's 2023 listing of Hotspots for Economic Growth.No. 9
on Forbes’ “Best Small Places for Business and Careers” in 2019.
Time is Money
Frederick County operates a permitting process which allows for land grading within 2-3
months from the execution of an agreement. This permitting system, combined with our
local construction industry, has a proven track record of providing a large-scale design-
built office/industrial building for occupancy within 6-8 months. A prompt permitting
process can be achieved with properties requiring rezoning. For example, two large
industrial buildings were delivered for occupancy in 12 months on a property requiring
rezoning.
Business Support at Every Step
With a diversity of companies, consistent performance and signature workforce
development programs, Frederick County continues to shine as one of Virginia’s finest
regions, leaning on numerous resources to ensure the success of our community. One
such resource includes call-team visits to local businesses to communicate training
resources and expansion assistance opportunities. The Frederick County EDA has an
established track record of working with the County and State partners to identify and
secure assistance programs to expanding companies.
ROLE OF EDA
The EDA is committed to leading Frederick County to continued economic prosperity. The Frederick
County Industrial Development Authority (IDA) was created by the Frederick County Board of
Supervisors in 1967. The Industrial Development Authority of the County of Frederick, Virginia was
created to:
1. Permit it to acquire, own, lease, and dispose of properties to the end that said Authority may be
able to promote industry and develop trade by inducing manufacturing, industrial and
governmental enterprises to locate or to remain in this Commonwealth;
2. Further the use of its agricultural products and natural resources;
3. Increase commerce;
4. Promotion of safety, health, welfare, convenience and prosperity.
Strategy Frederick County EDA
Page 5 of 20
Draft December 2024
On January 8, 2014, the Board of Supervisors amended the original ordinance creating the Industrial
Development Authority to change the name to the Economic Development Authority of the County
of Frederick, Virginia. On July 1, 2014, the Winchester-Frederick County Economic Development
Commission staff transitioned to the Frederick County Economic Development Authority. Frederick
County’s decision reflects a recommendation by its Business Climate Assessment Citizens’
Committee. The recommendation focused on creating an opportunity to re-establish the economic
development vision for the County and provide flexibility to pursue a variety of business attraction
and retention options. Also, Frederick County wished to duplicate the success achieved by other
EDAs in Virginia. Issuing tax free bonds for qualified users remains a function with a seven member
EDA Board setting policy and overseeing the operation of a staff of five. Partnering with the
Frederick County Board of Supervisors and Frederick County administration, the EDA is focused on
attracting new capital investment and quality jobs to Frederick County through new business
location and existing business expansions with a heightened focus on the County’s targeted business
sectors. Those sectors are Corporate Services, Information Technology, Finance & Insurance,
BioScience, Advanced Manufacturing and Food & Beverage.
The EDA focuses on four areas:
1. Attracting and retaining workforce talent.
2. Retaining and cultivating existing businesses.
3. Recruiting targeted businesses.
4. Employing policies that keep Frederick County a competitive business location.
SITUATIONAL ANALYSIS
The following is a brief listing of Frederick County’s strengths, concerns and critical target business
assets.
Frederick County has many reasons why a business should choose to locate here. Potential businesses
should find the following generalized asset(s) and/or offering(s) by Frederick County that will provide a
better solution than competing localities.
Talent
• Largest employment in key employment sectors in the 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
• Virginia is one of the most highly educated populations in the US
• Virginia has the largest and most highly educated veteran workforce
Workforce Development
• 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 competing areas
Strategy Frederick County EDA
Page 6 of 20
Draft December 2024
Infrastructure and connectivity
• 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
Sites and buildings
• A pro-business climate that permits prompt building construction and rezonings for business
Cost of doing 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
Market and cluster presence
• High concentration of many employment sectors in the area
• 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
Quality of life
• 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
Frederick County clearly possesses many positive attributes for business yet, conversely, it has some
areas for improvement.
Given the current and forecasted labor situation, talent is an area needing improvement. In addition,
labor availability analysis completed using JobsEQ revealed high to moderate results with many
occupational sectors. Sites and buildings need attention as only a few sites match the identified acreage
using Conway Analytics’ database on corporate expansion projects for all targeted business sectors. For
most targeted businesses, Frederick County possesses the necessary infrastructure and connectivity
though projects with large demands of electric and wastewater may strain this point.
Frederick County’s economy has consistently ranked near the top of all localities in Virginia, in part,
because of the community’s ability to address businesses’ concerns about factors such as highway
accessibility, quality of life, occupancy/construction costs, available buildings, and labor costs. Despite
Frederick County’s decades of success and securing additional corporate decisions, areas of opportunity
have been identified. The EDA will execute a planned and strategic initiative to secure capital
investment and quality jobs from existing companies as well as companies new to Frederick County. To
achieve these vital goals, the EDA will require an appropriate level of staff and operational and incentive
funds.
Strategy Frederick County EDA
Page 7 of 20
Draft December 2024
The following are a sampling of measures illustrating Frederick County’s economy with some
comparison to the State and Nation.
Employment Trends
As of 2024Q12023Q1, total employment for Frederick County, Virginia was 41,62739,889 (based on a
four-quarter moving average). Over the year ending 2024Q12023Q1, employment increased 2.3%2.7%
in the region.
Employment data are derived from the Quarterly Census of Employment and Wages, provided by the
Bureau of Labor Statistics and imputed where necessary. Data are updated through 2022Q4 with
preliminary estimates updated to 2023Q12024Q1.
Unemployment Rate
The unemployment rate for Frederick County, Virginia was 2.52.6% as of June 20232024. The regional
unemployment rate was lower than the national rate of 3.84.3%. One year earlier, in June 20222023,
the unemployment rate in Frederick County, Virginia was 2.5%.
Strategy Frederick County EDA
Page 8 of 20
Draft December 2024
Unemployment rate data are from the Local Area Unemployment Statistics, provided by the Bureau of
Labor Statistics and updated through June 20232024.
Wage Trends
The average worker in Frederick County, Virginia earned annual wages of $56,451 as of 2023Q12024Q1.
Average annual wages per worker increased 7.3% in the region over the preceding four quarters. For
comparison purposes, annual average wages were $68,501 in the nation as of 2023Q12024Q1.
Strategy Frederick County EDA
Page 9 of 20
Draft December 2024
Annual average wages per worker data are derived from the Quarterly Census of Employment and Wages,
provided by the Bureau of Labor Statistics and imputed where necessary. Data are updated through
2022Q4 2023Q4 with preliminary estimates updated to 2023Q12024Q1.
Industry Snapshot
The largest sector in Frederick County, Virginia is Manufacturing, employing 6,3936,292 workers. The
largest sectors in the region are Transportation and Warehousing (5,2015,835 workers) and Retail Trade
(4,1894,430). High location quotients (LQs) indicate sectors in which a region has high concentrations of
employment compared to the national average. The sectors with the largest LQs in the region are
Transportation and Warehousing (LQ = 2.632.83), Manufacturing (1.981.89), and Finance and Insurance
(1.671.78).
Strategy Frederick County EDA
Page 10 of 20
Draft December 2024
Sectors in Frederick County, Virginia with the highest average wages per worker are Management of
Companies and Enterprises ($93,629$102,678), Public Administration ($88,499$83,234), and Utilities
($82,064$79,661). Regional sectors with the best job growth (or most moderate job losses) over the last
5 years are Transportation and Warehousing (+2,769+2,729 jobs), Finance and Insurance (+862+699),
and Retail Trade (+762+515).
Over the next 10 years, employment in Frederick County, Virginia is projected to expand by 7,200 7,472
jobs. The fastest growing sector in the region is expected to be Information with a +3.62.5% year-over-
year rate of growth. The strongest forecast by number of jobs over this period is expected for
Transportation and Warehousing (+1,530+1,152 jobs), Manufacturing (+963+1,065), and Health Care
and Social Assistance (+591)Accommodation and Food Services (+702).
Occupation Snapshot
The largest major occupation group in Frederick County, Virginia is Transportation and Material Moving
Occupations, employing 7,0336,456 workers. The next-largest occupation groups in the region are Office
and Administrative Support Occupations (4,8574,725 workers) and Sales and Related Occupations
(3,934)Production Occupations (3,809). High location quotients (LQs) indicate occupation groups in
which a region has high concentrations of employment compared to the national average. The major
groups with the largest LQs in the region are Transportation and Material Moving Occupations (LQ =
1.85), Production Occupations (1.69), and Installation, Maintenance, and Repair Occupations (1.23).
Occupation groups in Frederick County, Virginia with the highest average wages per worker are
Management Occupations ($129,100$121,900), Legal Occupations ($110,900$107,100), Computer and
Mathematical Occupations ($103,500$99,300). The unemployment rate in the region varied among the
major groups from 0.9% among Healthcare Practitioners and Technical Occupations to 3.93.7% among
Food Preparation and Serving Related Occupations.
Over the next 10 years, the fastest growing occupation group in Frederick County, Virginia is expected to
be Personal Care and Service Occupations with a +3.12.8% year-over-year rate of growth. The strongest
forecast by number of jobs over this period is expected for Transportation and Material Moving
Occupations (+1,586+1,405 jobs) and Food Preparation and Business and Financial Operations
Occupations (+601)Serving Related Occupations (+661). Over the same period, the highest separation
demand (occupation demand due to retirements and workers moving from one occupation to another)
is expected in Transportation and Material Moving Occupations (9,7909,755 jobs) and Office and
Administrative Support Occupations (5,6125,900).
Strategy Frederick County EDA
Page 11 of 20
Draft December 2024
Industry Clusters
A cluster is a geographic concentration of interrelated industries or occupations. The industry cluster in
Frederick County, Virginia with the highest relative concentration is Chemical with a location quotient of
6.626.15. This cluster employs 2,4272,279 workers in the region with an average wage of
$82,54976,036. Employment in the Chemical cluster is projected to expand in the region about 1.71.4%
per year over the next ten years.
Location quotient and average wage data are derived from the Quarterly Census of Employment and
Wages, provided by the Bureau of Labor Statistics, imputed where necessary, and updated through
2022Q4 with preliminary estimates updated to 2023Q12024Q1. Forecast employment growth uses
national projections from the Bureau of Labor Statistics adapted for regional growth patterns.
Strategy Frederick County EDA
Page 12 of 20
Draft December 2024
IMPLEMENTING THE PLAN
This strategic plan defines the role of the EDA and proposes the EDA’s long-term economic development
strategic goals and objectives. The plan also includes several strategic measures to monitor the progress
of the EDA’s program goals.
The plan will provide long-term guidance and direction for the EDA’s work. In addition, it will be a basis
for developing an annual plan comprising specific marketing and operational strategies, tactics and
measures. The EDA will adjust the strategic plan to reflect economic climate shifts. The EDA Board will
review the strategic plan annually to ensure that it accurately represents the appropriate overall
direction and goals for Frederick County’s long-term economic development program.
MISSION, STRATEGIC GOALS & OBJECTIVES
Mission
The EDA’s mission is to facilitate economic development efforts for Frederick County through the
retention, expansion, and attraction of businesses that create high quality jobs and new capital
investment resulting in Frederick County as a premier business location and enhancing the quality of life
for its citizens.
This strategic plan focuses on four goals:
1. Address current and projected workforce needs by engaging the talent in Frederick County
and greater community encouraging their retention and attraction
2. Enhance Frederick County’s business environment to encourage the expansion and
retention of existing business
3. Conduct strategic and measured business attraction efforts to expand the commercial and
industrial base and create quality jobs for all citizens
4. Foster and maintain a pro-business climate by enhancing critical assets and employing
business friendly policies and procedures
Talent Engagement
Goal
Address current and projected workforce needs by engaging the talent in Frederick County
and greater community encouraging their retention and attraction
Objectives/strategies
Maintain awareness of current and projected workforce needs
Action Measurement
Acquire bi-annually from JobsEQ County workforce
10 year projections
Identify top occupational needs
Disseminate top occupational needs to partners Distribute bi-annually
Strategy Frederick County EDA
Page 13 of 20
Draft December 2024
Participate in seminars/presentations/meetings on
top occupational needs
Attendance at the Winchester Area
Society for Human Resource
Management meetings
Attendance at the Frederick County
Public School’s CTE Advisory
Committee
Organize an annual feedback with business and
education partners on workforce needs and
solutions
Number of participants
Number of potential solutions
Partner with appropriate local and regional partners to create and execute short-term
workforce solutions (those that have strong potential to produce talent in 12 months or
less)
Action Measurement
Facilitate/participate work groups, as necessary and
appropriate, on short-term projects resulting from
annual feedback on workforce needs and solutions
Attendance at work groups
Action plan for projects
Perform internet review for best-in-class workforce
solutions
Number of discovered solutions with
applicability
Showcase talent from area public school’s career
and technical programs (i.e., Widget Cup)
Number of participants
Competitor survey results
Number of internships/hires
Create and promote marketing tools and programs
that help employers sell location to candidates and
existing employees
Website analytics of regional talent
website
Social media analytics
Amplify existing efforts to host career fairs/regional
hiring events (i.e., Employer Expo)
Number of participants
Number of hires
Survey of participants
Build perceptions of community as a great place for
careers with local young talent (i.e. Regional
Internship Fair)
Number of participants
Number of internships resulting
Conversion of internships to careers
Create a regional tour resource for employers and
their candidates
Number of participants
Number of tours
Implement a burst transitional program for
advanced manufacturing
Number of participants
Conversion of participants to hire
Strategy Frederick County EDA
Page 14 of 20
Draft December 2024
Partner with appropriate local and regional partners to create and execute long-term
workforce solutions (those that have strong potential to produce talent in 12 months or
more)
Action Measurement
Facilitate work groups, as necessary and
appropriate, on long-term projects resulting from
the annual feedback on workforce needs and
solutions
Attendance at work groups
Action plan for projects
Provide an in-person career exploration event for
middle school students (i.e., Worlds of Work)
Number of participants
Survey of participants
Enhance awareness of public school students,
educators and school staff to the many rewarding
local careers available (i.e. student and teacher
tours)
Number of participants
Survey of participants
Build pathways from post-secondary and K-12
schools, allowing entry into these industries
TBD
Conduct regular messaging on all career pathways
(post high school to college)
Social media analytics
Website analytic of relevant page
Business Retention
Goal
Enhance Frederick County’s business environment to encourage the expansion and
retention of existing business
Objectives
1. Understand the overall health of existing industry sectors, recognize changing industry
trends, and ensure consistent, personal contact with businesses
Action Measurement
Perform business call team visits
Number of business call team visits
Number of follow-up business call team
visits
Number of business expansion
considerations
Number of business expansions
Value of capital investment from
expansions
Number of retained and new jobs from
expansions
Strategy Frederick County EDA
Page 15 of 20
Draft December 2024
Analyze business call team visit for industry trends Results from aggregate analysis of call
team visits using business retention
CRM system Bludot
Number of action oriented responses
Visit, as appropriate, in conjunction with VEDP to
headquarters of businesses
Number of visits
Number of expansion considerations
Organize topic specific forums, as appropriate Number of business participants
Percentage of business participants to
invited participants
Participate in meetings/workshops with relevant
business/industry groups
Number of actionable intelligence
gained
2. Showcase the operations, careers, and economic contributions of Frederick County
businesses
Action Measurement
Highlight employers and industry sectors Industry Features (quarterly)
Website Views:
Facebook Reach:
LinkedIn Impressions:
Employer Features (bi-monthly)
Website Views:
Facebook Reach:
LinkedIn Impressions:
Cultivate and elevate the full scope of Frederick
County’s food economy (i.e., FredCo Eats)
Number of participating restaurants
Survey of participants (satisfaction
rates, would participate again)
Social media analytics
Website views
3. Support and strengthen the food economy by increasing awareness of operational
assistance available to businesses and fostering greater public engagement with local
businesses
Action Measurement
Develop FredCoEats.com into an online hub that
promotes Frederick County’s food economy and
connects local food businesses with available
resources and support.
Social media analytics
Website views
Strategy Frederick County EDA
Page 16 of 20
Draft December 2024
Collaborate with the Laurel Ridge Small Business
Development Center to offer an annual agribusiness
conference that connects established and aspiring
agricultural businesses with resources focused on
starting and growing an agribusiness in the Northern
Shenandoah Valley.
Individual workshop evaluations
Overall conference surveys
Organize and promote an annual Restaurant Week
in Frederick County to increase awareness of local
eateries.
Number of participating restaurants
Survey of participants
Social media analytics
Website views
3.4. Offer existing businesses key operational and loan assistance
Action Measurement
Provide financial management, marketing and
operational analysis for existing businesses through
the Laurel Ridge Small Business Development Center
Number of Frederick County business
clients consulted
Number of jobs created or retained
Value of investments/loans
4.5. Provide awareness of local conditions, resources and assistance opportunities
Action Measurement
Provide real time job posting information
Report created and posted to website
Distribute targeted information on assistance
programs and other pertinent business conditions
Existing Business Update distributed
Business Attraction
Goal
Conduct strategic and measured business attraction efforts to expand the commercial and
industrial base and create quality jobs for all citizens
Objectives
1. Identify targeted business sectors for attraction purposes
Action Measurement
Review regularly project announcements in targeted
geographic areas
Report to EDA Board
Discover business sectors through employment data
for sectors with positive long-term growth and
wages that match or exceed the County’s average
wage
Identification of target business sectors
EDA Board acceptance of target
business sectors
Strategy Frederick County EDA
Page 17 of 20
Draft December 2024
Develop, as appropriate, an enhancement plan for
targeted business sectors
Report to EDA Board
Execution of plan
2. Collect and leverage market intelligence related to targeted business sectors
Action Measurement
Participate in meetings/workshops with relevant
business/industry groups
Number of actionable intelligence
gained
Acquire and review relevant industry reports Number of actionable intelligence
gained
3. Maintain and grow relationships with new business lead generators
Action Measurement
Engage with site consultants and corporate real
estate brokers at appropriate meetings, office visits
and client activity
Number of new relationships
Number of refresh relationships
Number of project considerations
Number of best practices examples
acquired
Number of new business locations
Number of new jobs
Value of capital investment
Interact with business attraction managers at VEDP
at appropriate meetings, office visits and client
activity
Number of new relationships
Number of refresh relationships
Number of project considerations
Number of new business locations
Number of new jobs
Value of capital investment
4. Recruit additional grocery stores to Frederick County
Action Measurement
Conduct an outreach effort to strategic grocery
stores
Interest level of grocery stores
Number of grocery store locations
Strategy Frederick County EDA
Page 18 of 20
Draft December 2024
5. Offer new businesses with key operational and loan assistance
Action Measurement
Provide financial management, marketing and
operational analysis for new businesses through the
Laurel Ridge Small Business Development Center
Number of new business clients
consulted
Number of jobs created
Value of investments/loans
6. Educate the community on the benefit of a proactive business development presence
and the need for its consistency and commitmentthe economic development strategy
Action Measurement
Speak to appropriate community groups
Number of speaking engagements
Conduct regular messaging on benefit of economic
development
Incorporate post in social media
content calendar focusing on EDA
strategy areas
Business Climate
Goal
Foster and maintain a pro-business climate by enhancing critical assets and employing
business friendly policies and procedures
Objectives
1. Encourage development of “ready to go” business properties
Action Measurement
Manage online property database and regularly
survey real estate listing services for new/revised
properties and regularly engage owners of
undeveloped and unlisted zoned C & I property
Monthly update on online database
Total SF available and vacancy rates for
office and industrial
Number of sites and total acreage
Tier sites, as appropriate, according to the Virginia
Business Ready Sites Program
Number of Tiered sites
Acreage of Tiered sites
Collaborate with property owners to secure at least
Tier 4 of the Virginia Business Ready Sites Program
Number of Tier 4 or above sites
Acreage of Tier 4 or above sites
Number of Business Ready Sites Loan
Program Agreements
Applications to the Virginia Site
Development Grant Program
Strategy Frederick County EDA
Page 19 of 20
Draft December 2024
2. Encourage processes and policies that are attractive to businesses
Action Measurement
Suggest new/revised local policies, as appropriate
Number of EDA-introduced policy
suggestions
Respond, as appropriate, to Federal and State
legislative actions impacting County businesses
Number of responses to proposed
legislative actions
3. Assist the Winchester Regional Airport implementing their strategic plan, as appropriate
4. Support the implementation of transportation projects with an economic development
nexus
Action Measurement
Provide letters of support as requested Number of letters submitted
Participate in the MPO’s technical review committee Attendance at meetings
5. Nurture more engagement of the Inland Port with existing businesses and EDA Target
Businesses.
Action Measurement
Secure existing business participation in the Virginia
Leaders in Export Trade program
Number of companies selected
Partner with the Virginia Port Authority, as
appropriate, on marketing/recruitment of EDA
Targeted Businesses
Quarterly conversations
Action Measurement
Assist with improving the site readiness of Airport’s
northern acreage
Partner with efforts to enhance business
opportunities with advanced air mobility
Tier status improvement
Number of activities
Support relevant initiatives Varies dependent on activity
Strategy Frederick County EDA
Page 20 of 20
Draft December 2024
CONCLUSION
This strategic plan serves to provide guidance to Frederick County’s economic development efforts. To
ensure the plan’s implementation, the EDA should conduct regular checks of the impact measures and
perform an annual review of the entire document. This plan should serve as the foundation for the
EDA’s annual budgeting process.
Frederick County has achieved much success. The challenge now is to build on the momentum of this
past success. This plan serves as a platform to accomplish this need.
DATE: December 2, 2024
TO: Board of Directors,
Frederick County Economic Development Authority
FROM: Patrick Barker, CEcD
Executive Director
CC: Jay Tibbs
Deputy County Administrator
RE: Budget Request FY26
Enclosed is the draft EDA Budget for FY26. This proposed budget focuses on advancing the
EDA’s strategic goals: attracting and retaining workforce talent, supporting existing businesses,
and recruiting targeted industries. The budget aims to strengthen Frederick County’s
competitive edge by addressing key factors influencing corporate site decisions, particularly
workforce development. Consistent with past budgets, this plan enhances the EDA’s capacity to
drive economic growth and sustain Frederick County’s appeal as a premier business
destination.
A summary of the EDA’s request by program area follows.
Page 2 of 2
Budget Request FY26
EDA’s FY26 request of Frederick County is $19,289 decrease of 2.6% from last year. The
balance of funds will come from the Frederick County Economic Development Authority and
business sponsorships and partners. The budget provides for balanced funding between the
three main operating programs.
The budget proposal’s most notable change relates to the relocation of EDA offices to the
County Administration Building in 2025. Lease and associated expenses have been omitted
from the FY26 budget given this move. Otherwise, the budget request aligns very closely with
last year’s.
Frederick County’s commitment to business remains its competitive message and its brand for
economic development. This commitment has resulted in Frederick County being one of the
best small places for business along the East Coast, not by words but by results
o Top 10 all localities last decade Capital investment and new jobs
o Best State for Business by CNBC
Approval of the EDA’s FY26 budget request will permit the EDA to continue enhancing its role.
Staff is seeking the Authority’s comments and recommendation of forwarding the FY26 Budget
request, if appropriate.
PROGRAMS
FY 24
Final
FY 25
Final
FY 26
Request
Change
FY25v26
Frederick County 735,066 748,389 729,100 (19,289)
County EDA 16,800 16,800 16,800 -
Non-Local Income 10,490 10,490 10,490 -
Total 762,356 775,679 756,390 (19,289)
PROGRAMS
FY 24
Final
FY 25
Final
FY 26
Request
Change
FY25v26
TALENT ENGAGEMENT 39,522 65,031 65,631 600
BUSINESS RETENTION 61,042 62,409 63,009 600
BUSINESS ATTRACTION 51,941 52,323 53,123 800
BUSINESS CLIMATE 2,350 2,350 2,350 -
ADMINSTRATION 607,501 593,567 572,278 (21,289)
Total 762,356 775,679 756,390 (19,289)
LOCAL PUBLIC EXPENDITURES (EDA)
EDA BUDGET
REVENUES
Page 1 of 4
Frederick County EDA Budget FY26
DRAFT
FY 24
Final
FY 25
Final
FY 26
Request
Difference
FY26 v FY25
TALENT ENGAGEMENT 39,522 65,031 65,631 600
Career Pathway Programs
Printing 1,500 1,500 1,500 -
Transportation Costs 2,000 2,000 2,000 -
Events 2,000 2,000 2,000 -
Food & Supplies 5,000 5,000 5,000 -
Video production - - - -
Photography 2,500 2,500 2,500 -
Advertisements 1,200 1,200 1,200 -
Talent Website Update (50%)2,500 2,500 -
Social Media Management (50%)10,000 10,000 -
Communication
Website (30%)-
Maintenance & Development 3,000 3,000 3,600 600
Hosting 1,902 1,902 1,902 -
Website Marketing 360 360 360
Talent Attraction/Retention
Photography 2,500 2,500 2,500 -
Talent Website Update (50%)2,500 2,500 -
Candidate Tours 1,500 1,500 1,500 -
Advertisements 8,000 8,000 8,000 -
Social Media Management (50%)10,000 10,000 -
-
Data Intelligence
Job Connector 4,860 4,860 4,860 -
Workforce (40%)3,200 3,709 3,709 -
Frederick County EDA Budget
Page 2 of 4
Frederick County EDA Budget FY26
DRAFT
FY 24
Final
FY 25
Final
FY 26
Request
Difference
FY26 v FY25
BUSINESS RETENTION 61,042 62,409 63,009 600
Program Marketing
Printing 2,000 2,000 2,000 -
Postage 250 250 250 -
Photography (50%)2,500 2,500 2,500 -
Videography (50%)2,500 2,500 2,500 -
Corporate Calling 1,500 1,500 1,500 -
Business Forums 1,500 1,500 1,500 -
Cluster Associations 1,765 1,765 1,765 -
Communication
Website (30%)
Maintenance & Development 3,000 3,000 3,600 600
Hosting 1,902 1,902 1,902 -
Website Marketing 360 360 360 -
Business Contribution Showcase
Advertisement 2,500 2,500 2,500 -
Printing 1,500 1,500 1,500 -
Photo/Video 1,000 1,000 1,000 -
Small Business Development Center | General
(50%)14,000 14,000 14,000 -
Small Business Development Center | Billingual
(100%)10,000 10,000 10,000 -
Apple Blossom Festival 5,000 5,000 5,000 -
Data Intelligence
Workforce (30%)2,400 2,782 2,782 -
Virginia Employment Commision 3,000 3,000 3,000 -
Business Call Visit CRM (Bluedot)965 1,950 1,950 -
Corporate Announcement (50%)2,400 2,400 2,400 -
Misc. Meetings/Travel 1,000 1,000 1,000 -
Page 3 of 4
Frederick County EDA Budget FY26
DRAFT
FY 24
Final
FY 25
Final
FY 26
Request
Difference
FY26 v FY25
BUSINESS ATTRACTION 51,941 52,323 53,123 800
Memberships 3,025 3,025 3,025 -
Marketing - VEDP,CREs, Site Consultants
Direct Mail (6x)
Printing ($2.00 each)750 750 750 -
Postage ($0.50 each)250 250 250 -
Collateral Material Development - - - -
Travel 4,000 4,000 4,000 -
Travel (VEDP)4,000 4,000 4,000 -
Marketing Pieces - - - -
Photography (50%)2,500 2,500 2,500 -
Videography (50%)2,500 2,500 2,500 -
Other Travel 1,000 1,000 1,000 -
Data Intelligence
Property (75%)4,350 4,350 4,350 -
Workforce (30%)2,400 2,782 2,782 -
Benchmark Analysis 3,750 3,750 3,750 -
Corporate Announcement (50%)2,400 2,400 2,400 -
Communication
Website (40%)-
Maintenance & Development 4,000 4,000 4,800 800
Hosting 2,536 2,536 2,536 -
Website Marketing 480 480 480 -
Small Business Development Center (50%)14,000 14,000 14,000 -
BUSINESS CLIMATE 2,350 2,350 2,350 -
Data Intelligence
Property (25%)1,450 1,450 1,450 -
Infrastructure Mapping 900 900 900 -
Page 4 of 4
Frederick County EDA Budget FY26
DRAFT
FY 24
Final
FY 25
Final
FY 26
Request
Difference
FY26 v FY25
ADMINSTRATION 607,501 593,567 572,278 (21,289)
528,885 533,572 531,803 (1,769)
Permanent full time 319,664 332,578 333,113 535
Permanent part time 67,000 52,000 52,000 -
Benefits 125,421 132,194 129,890 (2,304)
EDA Board Compensation 16,800 16,800 16,800 -
Education & Training 5,100 5,100 5,100 -
EDA Insurance 2,556 2,556 2,556 -
Professional Associations
Memberships 1,595 2,494 2,494 -
Books/Subscriptions 1,190 1,190 1,190 -
Misc. Office Support 10,222 8,662 7,102 (1,560)
Maintenance
Janitorial 3,120 1,560 (1,560)
Printing, Stationary 1,000 1,000 1,000 -
Office Supplies 1,500 1,500 1,500 -
Postage (routine & Fed Ex)500 500 500 -
Other operating supplies 1,810 1,810 1,810 -
Software Licences 2,292 2,292 2,292 -
Central Stores
Gas -
Car
Lease 250 250 250 -
Rent & Utilities 40,203 22,243 4,283 (17,960)
Rent 31,021 15,511 - (15,511)
Utilities 4,000 2,000 - (2,000)
Telephone | Local & Long 3,419 3,419 3,419 -
Mobile Phone 864 864 864 -
Internet 899 450 (450)
1,293
Travel 700 700 700 -
Misc. Gas 200 200 200 -
Monthly routine 500 500 500 -