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HomeMy WebLinkAboutEDAAgenda2025October9 ECONOMIC DEVELOPMENT AUTHORITY | THURSDAY, OCTOBER 9TH | | 8:00 AM | COUNTY ADMINISTRATION BUILDING @ FIRST FLOOR CONFERENCE ROOM 107 KENT STREET WINCHESTER, VA 1. Call to Order 2. Partner Showcase – Winchester-Frederick County Tourism  Presentation by EDA partners, Winchester-Frederick County Tourism, to include an overview of their operations and activities and how they interact with the EDA. 3. Vice Chair Election  Departure of past vice-chair requires new one until next annual meeting 4. Approval of Minutes – September 4, 2025|| ACTION  Review and approval of minutes from last meeting, if appropriate 5. Treasurer’s Report || ACTION  Review and approval of latest Treasurer’s Report, if appropriate 6. EDA Strategy FY27 || DISCUSSION  Annual review process of EDA Strategy which will continue by reviewing the main goals’ actions and measurements 7. Benchmark Analysis | INFORMATION  Updated analysis that compares the Frederick County MSA to 28 competing MSAs on various indicators 8. Fall Employer Expo | INFORMATION  Recap of regional hiring event held on September 11th 9. Worlds of Work | INFORMATION  Recap of regional hands-on exploration of possible careers for 8th graders 10. Large Project Ready Sites Concept - Next Steps || INFORMATION  Update to the strategy to increase the availability of large project ready sites to facilitate new development and support larger scale projects. 11. LiveLoveShenandoah.com Demonstration || INFORMATION  Newly relaunched website for regional talent retention/attraction effort 12. Salary Sonar Demonstration || INFORMATION  Salary intelligence tool, part of the JobsEQ labor analytic tool 13. Such other business as may come before this Authority DATE: October 3, 2025 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 || Winchester-Frederick County Convention and Visitor Bureau Over the past year, EDA partners have been invited to present to the EDA Board at a regular interval. The presentation includes an overview of the entity’s operations and activities and how they interact with the EDA. Tourism plays a role in economic development by generating revenue, creating jobs, and encouraging investment in both infrastructure and local enterprises. As visitors spend money on accommodations, dining, transportation, and entertainment, this spending directly fuels local economies and supports small businesses. An important dimension of tourism is its strategic role in place branding—shaping how a region is perceived globally. A strong tourism brand can attract not only visitors but also future residents, students, and investors. To that end, Justin Kerns, Director of the Winchester-Frederick County Convention and Visitors Bureau (WFCCVB) will present an overview of operations and strategic initiatives as they relate to the Economic Development Authority’s (EDA) strategic plan. Established in 2001, the WFCCVB serves as the official destination marketing organization for Winchester and Frederick County. Its mission is to promote tourism by showcasing local service providers, cultural institutions, attractions, museums, and points of interest—driving economic benefit for the region through both direct and indirect channels. The CVB plays a vital role in strengthening the local economy by positioning the region as a desirable travel destination, enhancing the overall visitor experience, and supporting tourism-related product development. The WFCCVB operates under the guidance of the Winchester-Frederick County Tourism Board, a 14-member body that includes:  Five private-sector voting representatives  Four public or nonprofit-sector voting representatives  Five non-voting representatives from economic development and local government For more information, visit visitwinchesterva.com. Stephens City Farmers Market New! Stephens City Farmers Market Now Open Saturdays at Newtown Commons Now expanded with a new location and even more vendors, the Stephens City Farmers Market is open May 3rd - Sept 27th, every Saturday from 9am - 12pm. Come check them out this Mother's Day Weekend for fresh baked treats, skincare products, crafts, candles, fresh flowers, and more! Mother's Day Weekend at the Farmers Market Guided Tours Begin May 16 Upcoming Events View the Complete Calendar May 9-24 Murder on the Orient Express Winchester Little Theatre  8/29/25, 11:53 AM Valley Voyager Monthly Newsletter - Winchester-Frederick County Convention & Visitors Bureau https://visitwinchesterva.com/newsletter/2/5 Experience 275 years of history on a guided walking tour! These tours are given by experienced and knowledgeable guides that enjoy sharing their love of local history. Make your reservation by calling the Visitor Center at 540-542-1326 or sign up online. Cost: $10, payable to the guide, cash only. Tours are offered May – October 1st and 3rd Fridays at 6pm, no tour July 4. Sign Up ›› Newtown Heritage Festival Memorial Day Weekend May 11 Mother's Day Brunch West Oaks Farm Market May 16-18 N-SSA Spring National Competition Fort Shenandoah May 17 Vintage Baseball Game Cedar Creek Battlefield Foundation May 17 Fort Loudoun Day Fort Loudoun  8/29/25, 11:53 AM Valley Voyager Monthly Newsletter - Winchester-Frederick County Convention & Visitors Bureau https://visitwinchesterva.com/newsletter/3/5 This free family festival includes a parade, food vendors, a classic car show, kids activities, food vendors, live entertainment, fireworks, and more. This year, the 2025 Newtown Heritage Festival trolley tour will celebrate the nation’s 250th anniversary by covering Revolutionary War Veterans from town! Tours will depart from Capon Valley Bank (5511 Main Street) at 10:00am, 11:30am, and 4:00pm. Advanced tickets are required, and can be found at: https://www.eventbrite.com/o/newtown- heritage-festival-79426983013 Festival Information & Trolley Reservations ›› May 26 Loudoun Street Mile Old Town Winchester May 31 Triple Peak Gran Fondo Briedé Family Vineyards Step Back in Time at Wayside Inn This historic property is said to be the oldest continuously operating inn in the United States. Enjoy dinner, live entertainment, and unique lodging in Middletown, Virginia. NEW! Official Visitors Guide Start planning your next trip to Winchester/Frederick County.  8/29/25, 11:53 AM Valley Voyager Monthly Newsletter - Winchester-Frederick County Convention & Visitors Bureau https://visitwinchesterva.com/newsletter/4/5 MINUTES ECONOMIC DEVELOPMENT AUTHORITY | THURSDAY, SEPTEMBER 4, 2025 | A meeting of the Frederick County Economic Development Authority was held on Thursday, September 4, 2025, at 8:00 a.m. in the County Administration Building, 1st Floor Conference Room, 107 N. Kent Street, Winchester, Virginia. PRESENT: Diane Kearns, Rick Till, Gary Lofton, and Tina Murphy STAFF: Patrick Barker, Shayla Rickard, Wendy May and Donna McIlwee, Frederick County Economic Development Authority; Jay Tibbs, Assistant 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 of the August 7, 2025, meeting were presented. On motion duly made by Mr. Lofton and seconded by Ms. Murphy, the minutes were approved as presented by the following recorded vote: Bryan Fairbanks Absent Diane Kearns Aye Gary Lofton Aye Judy McCann-Slaughter Absent Tina Murphy Aye Rick Till Aye TREASURER'S REPORT Mr. Barker submitted the following report: Checking Account - Bank of Clarke as of July 31, 2025 - $4705.72 Intrafi Account – Bank of Clarke as of July 31, 2025 - $3,205,245.84 On motion of Ms. Kearns, seconded by Mr. Lofton, the Treasurer’s Report was approved by the following recorded vote: Bryan Fairbanks Absent Diane Kearns Aye - 2 - Gary Lofton Aye Judy McCann-Slaughter Absent Tina Murphy Aye Rick Till Aye FRAMEWORK AGREEMENT FOR FAST FORWARD SCHOLARSHIP PROGRAM Mr. Barker stated that, following last month’s presentation by the Laurel Ridge Community College’s Workforce Solutions (LRCC-WS), staff was directed to develop a structure for a scholarship program to address funding issues associated with their Fast Forward program. He presented for review and approval a draft Scholarship Program Agreement between the EDA and LRCC-WS. The Agreement establishes a collaborative scholarship initiative that will provide $200,000 in funding to support at least 50 Frederick County residents accessing select Fast Forward workforce training programs during the September 4, 2025 – June 30, 2026 term. Through this partnership, eligible County residents will gain critical skills in high-demand occupations in the EDA Target Industry Sectors, such as CDL training, electrical trades, HVAC, mechatronics and welding. LRCC-WS will administer the program, verify eligibility, and provide quarterly reporting to the EDA on enrollment, completion and job placement outcomes. Mr. Till stressed to Board members this is a scholarship program, not a grant. Mr. Lofton stated he would like to see a report of how many enroll in Fast Forward programs. On motion of Ms. Kearns, seconded by Mr. Lofton, the framework of the scholarship program was approved by the following recorded vote: Bryan Fairbanks Absent Diane Kearns Aye Gary Lofton Aye Judy McCann-Slaughter Absent Tina Murphy Aye Rick Till Aye Mr. Bryan will prepare the legal document. - 3 - UPDATE ON BOARD OF SUPERVISORS’ ACTION REGARDING DATA CENTERS Mr. Barker reported that, at the BOS meeting on August 13, Planning staff and EDA staff were directed to conduct two tasks related to data centers: (1) Planning staff will prepare and present an impartial and objective explanation of the characteristics, concerns and opportunities associated with data centers as a land use. This will be in the form of a report and presentation to the Planning Commission and BOS at their regular meetings and (2) the EDA will organize and conduct a Community Information Exchange initiative on data centers to provide opportunities to provide residents, business owners, and civic leaders with clear, accessible and fact-based information. This initiative will include representatives in the fields of electrical power, public water, noise and other related matters and will commence after the explanation document has been presented to the BOS. Current timing is later this fall. Ms. Kearns stated speakers who can address this subject from an agriculture perspective are also needed. LARGE PROJECT READY SITES CONCEPT Mr. Barker stated that, at its last meeting, the EDA Board directed staff to modify its strategy to expand the number of large project ready sites by refining the definition of “large” to properties less than 100 acres as one modification. The definition of “project ready” remained the same. Staff has identified properties and has begun the same internal assessment to identify and prioritize candidate properties as in the previous analysis. At the end of the assessment, each property will be assigned a priority level based on a calculated per-acre cost, which includes the site’s asking price and estimated infrastructure costs to extend or upgrade utilities and access within the defined timeframe. The goal is to have this completed by October. Staff have also re-engaged the top priority sites to gauge interest in a revised agreement that focuses exclusively on rezoning. Mr. Till stressed the process has not changed, just changing the parameter to under 100 acres. SUCH OTHER BUSINESS AS MAY COME BEFORE THIS AUTHORITY Mr. Till reported that Stan Crockett has resigned from the EDA Board. Ms. Rickard reported the Employer Expo will be held on September 11 at Laurel Ridge Community College with 34 companies represented. Worlds of Work (WoW) will be October 2 at the James R. Wilkins Athletic & Events Center on the campus of Shenandoah University. - 4 - Due to a conflict with Mr. Barker’s schedule, the next EDA Board meeting was rescheduled to Thursday, October 9. ADJOURN There being no further business to come before this Authority, the meeting was adjourned at 8:45 a.m. ________________________________ ____________________________ Richard Till Jay Tibbs Chairman Secretary TREASURER'S REPORT SYNOPSIS ECONOMIC DEVELOPMENT AUTHORITY August 31, 2025 BANK OF CLARKE COUNTY Beginning Bank Statement Balance - as of July 31, 2025 $4,705.72 Total Deposits $25,500.00 Total Disbursements $0.00 BANK STATEMENT BALANCE AS OF August 31, 2025 $30,205.72 BANK OF CLARKE - INTRAFI ACCOUNT Beginning Bank Statement Balance - as of July 31, 2025 $3,205,245.84 Total Deposits $9,077.46 Total Disbursements $0.00 BANK STATEMENT BALANCE AS OF August 31, 2025 $3,214,323.30 TREASURER'S REPORT ECONOMIC DEVELOPMENT AUTHORITY August 31, 2025 BANK OF CLARKE COUNTY Beginning Bank Statement Balance - as of July 31, 2025 $4,705.72 Deposits 8/29/2025 Deposit - (EDA City of Winchester - Westminster- Canterbury Bond Admin Fee) $25,500.00 TOTAL DEPOSITS $25,500.00 Disbursements TOTAL DISBURSEMENTS $0.00 BANK STATEMENT BALANCE AS OF August 31, 2025 $30,205.72 TREASURER'S REPORT ECONOMIC DEVELOPMENT AUTHORITY June 30, 2025 BANK OF CLARKE - INTRAFI ACCOUNT Beginning Bank Statement Balance - as of July 31, 2025 $3,205,245.84 Deposits 8/31/2025 Interest $9,077.46 TOTAL DEPOSITS $9,077.46 Disbursements TOTAL DISBURSEMENTS $0.00 BANK STATEMENT BALANCE AS OF August 31, 2025 $3,214,323.30 ** $1,907,000 represents proceeds from the sale of the Robinson School properties. Contact Us Account Economic Development Authority of the Co Date 08/31/2025 Page 1 of 2 IntraFi Cash ServiceSM, or ICS®, Monthly Statement The following information is a summary of activity in your account(s) for the month of August 2025 and the list of FDIC-insured institution(s) that hold your deposits as of the date indicated. These deposits have been placed by us, as your agent and custodian, in deposit accounts through IntraFi Cash Service. Funds in your deposit accounts at the FDIC-insured institutions at which your funds have been placed will be "deposits," as defined by federal law. Certain conditions must be satisfied for "pass-through" FDIC deposit insurance coverage to apply. To meet the conditions for pass-through FDIC deposit insurance, deposit accounts at FDIC-insured banks in IntraFi's network that hold deposits placed using an IntraFi service are titled, and deposit account records are maintained, in accordance with FDIC regulations for pass-through coverage. Summary of Accounts Account ID Deposit Option Interest Rate Opening Balance Ending Balance Demand 3.33%$3,205,245.84 $3,214,323.30 TOTAL $3,205,245.84 $3,214,323.30 CONTAINS CONFIDENTIAL INFORMATION IntraFi and ICS are registered service marks, and IntraFi Cash Service is a service mark, of IntraFi Network LLC. AAAAAAAAAAAAAAAAAAAAAA Bank of Clarke PO Box 391 Berryville, VA 22611 Economic Development Authority of the Co 107 N Kent Street Winchester, VA 22601 00000 RETURN SERVICE REQUESTED DETAILED ACCOUNT OVERVIEW Account ID: Account Title: Economic Development Authority of the Co Account Summary - Demand Statement Period 8/1-8/31/2025 Average Daily Balance $3,205,538.66 Previous Period Ending Balance $3,205,245.84 Interest Rate at End of Statement Period 3.33% Total Program Deposits 0.00 Annual Percentage Yield Earned 3.39% Total Program Withdrawals (0.00) YTD Interest Paid 70,336.48 Interest Capitalized 9,077.46 Current Period Ending Balance $3,214,323.30 Account Transaction Detail Date Activity Type Amount Balance 08/29/2025 Interest Capitalization $9,077.46 $3,214,323.30 Summary of Balances as of August 31, 2025 FDIC-Insured Institution City/State FDIC Cert No.Balance BOKF, National Association Tulsa, OK $247,699.52 Cadence Bank Tupelo, MS 247,699.52 Citizens Bank, National Association Providence, RI 247,699.52 First National Bank Damariscotta, ME 247,693.20 First-Citizens Bank & Trust Company Raleigh, NC 247,699.52 Flagstar Bank, N.A.Hicksville, NY 247,691.64 Parkway Bank and Trust Company Harwood Heights, IL 241,943.26 Raymond James Bank St. Petersburg, FL 247,699.52 The Huntington National Bank Columbus, OH 247,699.52 Truist Bank Charlotte, NC 247,699.52 Valley National Bank Morristown, NJ 247,699.52 Western Alliance Bank Phoenix, AZ 247,699.52 Zions Bancorporation, N. A.Salt Lake City, UT 247,699.52 Date 08/31/2025 Page 2 of 2 CONTAINS CONFIDENTIAL INFORMATION IntraFi and ICS are registered service marks, and IntraFi Cash Service is a service mark, of IntraFi Network LLC. DATE: October 3, 2025 TO: Board of Directors, Frederick County Economic Development Authority FROM: Patrick Barker, CEcD Executive Director CC: Jay Tibbs Deputy County Administrator RE: Vice Chair With the departure of Stan Crockett, the EDA Board must appoint a new Vice-Chair to serve until the next annual meeting, which is typically held in March. This appointment is an important step to ensure continuity of leadership and the smooth functioning of Board operations in the months ahead. According to Article 3 of the bylaws, the Vice-Chair plays a key leadership role in supporting the Board:  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 becomes vacant, the Vice-Chair shall immediately assume the role of Chair. The appointment of a Vice-Chair is therefore more than a procedural requirement—it ensures that the Board is prepared for seamless leadership transitions, maintains effective governance, and provides stability for the EDA’s ongoing initiatives. Board members will be asked to consider and appoint an individual to this role so that the organization remains well-positioned to advance its mission. DATE: October 3, 2025 TO: Board of Directors, Frederick County Economic Development Authority FROM: Patrick Barker, CEcD Executive Director CC: Jay Tibbs Deputy County Administrator RE: EDA Strategy FY27 The EDA Strategy, approved annually by the EDA Board, serves as the guiding framework for Frederick County’s economic development efforts. Each year, the Board reviews and approves the Strategy to confirm or adjust overarching goals and objectives in response to evolving needs and opportunities. This process ensures that Frederick County remains focused on long- term priorities while staying agile enough to address changing economic conditions. For this year’s update, as with last year, staff made routine revisions, including updated economic data, incorporation of current best practices, and clarification of key sections. A more comprehensive review and update is planned following the next joint meeting with the Board of Supervisors in early 2026, which will provide additional direction for longer-term adjustments. The approved Strategy does more than guide daily activities. The priorities outlined in the Strategy directly inform where resources are needed, helping align funding with the programs, initiatives, and investments that best advance Frederick County’s competitiveness. Board members are invited to review the enclosed draft Strategy for 2026–27. Any recommended revisions should be submitted to staff by Friday, October 24. Staff will compile Board feedback, along with any staff recommendations, for further review in the next Board meeting. FREDERICK COUNTY, VIRGINIA ECONOMIC DEVELOPMENT STRATEGIC PLAN 2026 - 2027 Strategy Frederick County EDA Page 2 of 20 DRAFT September 2025 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 September 2025 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 316,000 working age individuals, over 89% of which are high school graduates (or higher); 39% 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 September 2025 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, $183 million in capital expenditures between 2022-24, 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 20150% of Virginia localities over the last decade (21 18 out of 125 in capital investment and 11 12 of 125 in new job growth). Frederick County is consistently rated a great place to operate a business – registering among the top 20% of small metros nationwide in Area Development's 2023 listing of Hotspots for Economic Growth.  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. 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 Strategy Frederick County EDA Page 5 of 20 DRAFT September 2025 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 advantages 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 September 2025 Infrastructure and connectivity • Areas with robust broadband speeds with planned and funded 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 wages 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 some 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 September 2025 The following are a sampling of measures illustrating Frederick County’s economy with some comparison to the State and Nation. Employment Trends As of 2025Q1, total employment for Frederick County, Virginia was 42,330 (based on a four-quarter moving average). Over the year ending 2025Q1, employment increased 0.9% in the region. As of 2024Q1, total employment for Frederick County, Virginia was 41,627 (based on a four-quarter moving average). Over the year ending 2024Q1, employment increased 2.3% 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 2024Q4 with preliminary estimates updated to 2025Q1. Data are updated through 2022Q4 with preliminary estimates updated to 2024Q1. Unemployment Rate The unemployment rate for Frederick County, Virginia was 3.3% as of July 2025. The regional unemployment rate was lower than the national rate of 4.6%. One year earlier, in July 2024, the unemployment rate in Frederick County, Virginia was 2.9%. Strategy Frederick County EDA Page 8 of 20 DRAFT September 2025 The unemployment rate for Frederick County, Virginia was 2.6% as of June 2024. The regional unemployment rate was lower than the national rate of 4.3%. One year earlier, in June 2023, the unemployment rate in Frederick County, Virginia was 2.5%. Unemployment rate data are from the Local Area Unemployment Statistics, provided by the Bureau of Labor Statistics and updated through June 2024July 2025. Wage Trends The average worker in Frederick County, Virginia earned annual wages of $61,077 as of 2025Q1. Average annual wages per worker increased 5.0% in the region over the preceding four quarters. For comparison purposes, annual average wages were $74,181 in the nation as of 2025Q1. Strategy Frederick County EDA Page 9 of 20 DRAFT September 2025 The average worker in Frederick County, Virginia earned annual wages of $56,451 as of 2024Q1. 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 2024Q1. 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 2024Q4 with preliminary estimates updated to 2025Q1. Strategy Frederick County EDA Page 10 of 20 DRAFT September 2025 Data are updated through 2023Q4 with preliminary estimates updated to 2024Q1. Industry Snapshot The largest sector in Frederick County, Virginia is Manufacturing, employing 6,632 workers. The next- largest sectors in the region are Transportation and Warehousing (5,985 workers) and Retail Trade (4,532). 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 = 2.81), Manufacturing (2.00), and Finance and Insurance (1.79). The largest sector in Frederick County, Virginia is Manufacturing, employing 6,292 workers. The largest sectors in the region are Transportation and Warehousing (5,835 workers) and Retail Trade (4,430). 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 = 2.83), Manufacturing (1.89), and Finance and Insurance (1.78). Sectors in Frederick County, Virginia with the highest average wages per worker are Management of Companies and Enterprises ($110,654), Public Administration ($95,704), and Utilities ($85,169). Regional sectors with the best job growth (or most moderate job losses) over the last 5 years are Transportation and Warehousing (+2,164 jobs), Retail Trade (+919), and Finance and Insurance (+782). Over the next 10 years, employment in Frederick County, Virginia is projected to expand by 7,368 jobs. The fastest growing sector in the region is expected to be Health Care and Social Assistance with a +2.4% year-over-year rate of growth. The strongest forecast by number of jobs over this period is expected for Transportation and Warehousing (+1,264 jobs), Manufacturing (+1,239), and Health Care and Social Assistance (+640).Sectors in Frederick County, Virginia with the highest average wages per worker are Management of Companies and Enterprises ($93,629), Public Administration ($88,499), and Utilities ($82,064). Regional sectors with the best job growth (or most moderate job losses) over the last 5 years are Transportation and Warehousing (+2,769 jobs), Finance and Insurance (+862), and Retail Trade (+762). Over the next 10 years, employment in Frederick County, Virginia is projected to expand by 7,200 jobs. The fastest growing sector in the region is expected to be Information with a +2.5% year-over-year rate Strategy Frederick County EDA Page 11 of 20 DRAFT September 2025 of growth. The strongest forecast by number of jobs over this period is expected for Transportation and Warehousing (+1,530 jobs), Manufacturing (+963), and Health Care and Social Assistance (+591). Occupation Snapshot The largest major occupation group in Frederick County, Virginia is Transportation and Material Moving Occupations, employing 7,152 workers. The next-largest occupation groups in the region are Office and Administrative Support Occupations (4,573 workers) and Sales and Related Occupations (3,966). 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 = 1.97), Production Occupations (1.69), and Installation, Maintenance, and Repair Occupations (1.20). Occupation groups in Frederick County, Virginia with the highest average wages per worker are Management Occupations ($131,600), Computer and Mathematical Occupations ($107,500), and Legal Occupations ($106,100). The unemployment rate in the region varied among the major groups from 0.9% among Healthcare Practitioners and Technical Occupations to 5.0% among Farming, Fishing, and Forestry Occupations. Over the next 10 years, the fastest growing occupation group in Frederick County, Virginia is expected to be Healthcare Support Occupations with a +2.7% year-over-year rate of growth. The strongest forecast by number of jobs over this period is expected for Transportation and Material Moving Occupations (+1,383 jobs) and Production 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 (9,642 jobs) and Sales and Related Occupations (5,412). The largest major occupation group in Frederick County, Virginia is Transportation and Material Moving Occupations, employing 7,033 workers. The next-largest occupation groups in the region are Office and Administrative Support Occupations (4,857 workers) and Sales and Related Occupations (3,934). 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), Legal Occupations ($110,900), Computer and Mathematical Occupations ($103,500). The unemployment rate in the region varied among the major groups from 0.9% among Healthcare Practitioners and Technical Occupations to 3.7% 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 +2.8% 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 jobs) and Food Preparation and Business and Financial Operations Occupations (+601)). 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 (9,790 jobs) and Office and Administrative Support Occupations (5,612). Strategy Frederick County EDA Page 12 of 20 DRAFT September 2025 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 6.83. This cluster employs 2,527 workers in the region with an average wage of $96,133. Employment in the Chemical cluster is projected to expand in the region about 1.8% per year over the next ten years. 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 6.15. This cluster employs 2,279 workers in the region with an average wage of $82,549. Employment in the Chemical cluster is projected to expand in the region about 1.4% 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 2024Q12025Q1. Forecast employment growth uses national projections from the Bureau of Labor Statistics adapted for regional growth patterns. 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. Strategy Frederick County EDA Page 13 of 20 DRAFT September 2025 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 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 Strategy Frederick County EDA Page 14 of 20 DRAFT September 2025 Organize an annual feedback Acquire regular 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 regular 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 Create a regional tour resource for employers and their candidates Number of participants Number of tours  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 regular 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 Strategy Frederick County EDA Page 15 of 20 DRAFT September 2025 Enhance awareness of public school students, educators and 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 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 Strategy Frederick County EDA Page 16 of 20 DRAFT September 2025 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: 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 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 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 Strategy Frederick County EDA Page 17 of 20 DRAFT September 2025 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 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 Strategy Frederick County EDA Page 18 of 20 DRAFT September 2025 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 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 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 Strategy Frederick County EDA Page 19 of 20 DRAFT September 2025 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 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 Strategy Frederick County EDA Page 20 of 20 DRAFT September 2025 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 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. 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 DATE: October 3, 2025 TO: Board of Directors, Frederick County Economic Development Authority FROM: Patrick Barker, CEcD Executive Director CC: Jay Tibbs Deputy County Administrator RE: Benchmark Analysis For several years, a benchmark analysis has been conducted comparing Frederick County and the Winchester-Frederick County MSA to competing localities and MSAs. The results help craft Frederick County’s value proposition to each target industry sector, demonstrating why businesses should choose to locate here. The analysis also identifies strengths and weaknesses, enabling the EDA to consider programs that build on the County’s competitive advantages. In addition, it informs strategic planning by providing objective data on peer regions to guide decisions related to workforce development, infrastructure, and other key priorities. In short, a benchmark analysis provides a factual, comparative framework that informs strategy, supports decision-making, and strengthens Frederick County’s position in the competitive economic development landscape. The benchmark analysis compared 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-Radford, VA MSA 3. Chambersburg, 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 9. Dayton-Kettering-Beavercreek, OH MSA 10. Fayetteville, NC MSA 11. Florence, SC MSA - 2 - 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-Stuarts Draft, 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. Winchester, VA-WV MSA 28. 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 Net Domestic Migration Rate - 3 - 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 LQ (4Q Mov Avg) 10 Hist Empl % Change 2012Q1-2022Q1 10 Year Forecast Growth Rate 2022Q1-2032Q1 Annual Mean Wage 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 6th smallest as far as population and employment totals.  Net domestic migration rate || 3rd  All Industries - 10 Year Change || 4th  All Industries - 10 Year Forecast Growth Rate || 4th  Forecast population growth ages 25-44 || 7th  Forecast population growth 2022-2032 || 7th  Veterans Labor force participation rate || 4th  Advanced Manufacturing Location Quotient (LQ) || 3rd  Advanced Manufacturing 10 Year Forecast Growth Rate || 2nd  Food & Beverage Manufacturing Location Quotient (LQ) || 2nd  Finance & Insurance Location Quotient (LQ) || 1st  Multiple Occupations 10 Year Forecast Growth Rate || various Conversely, the following is a sample of areas where the analysis placed Winchester/Frederick County MSA in the bottom of the benchmarked locations  Cost of Living || 24th  Educational Attainment, Age 25-64 - Associate's Degree || 20th  Information Technology Industry LQ || 21st  Computer User Support Specialists - LQ || 22nd This data is provided for the EDA Board’s information. No action is required. DATE: October 3, 2025 TO: Board of Directors, Frederick County Economic Development Authority FROM: Shayla S Rickard Business Retention Manager CC: Jay Tibbs Deputy County Administrator RE: Fall Employer Expo The Fall Employer Expo is regional hiring event. The event’s focus is to create opportunities for job seekers to meet companies in our region, the Northern Shenandoah Valley, who have open positions . The 2025 Fall Employer Expo was held Thursday, September 11, at Laurel Ridge Community College. The event was capped at 45 exhibitors, 36 exhibitors registered; 35 attended. The event was open to the public from 1 p.m. to 5 p.m. with 156 attendees. Feedback from job seekers was positive with nearly half of the attendees applying for a position during the event. Most of the survey respondents (65%) learned about the event through social media and almost all would recommend the event to a friend. Over half of the attendees signed up to receive information regarding further hiring events. Exhibitor feedback highlighted that over 80% of the exhibitors received applications and/or resumes at the event for open positions in their companies. Nearly all stated the event was well organized, event communication was well done, and they felt the event layout increase the flow of job seeker DATE: October 3, 2025 TO: Board of Directors, Frederick County Economic Development Authority FROM: Shayla S Rickard Business Retention Manager CC: Jay Tibbs Deputy County Administrator RE: Worlds of Work Nearly 3,000 eighth graders from the region participated in a hands-on career exploration with more than 60 businesses at the annual Worlds of Work event. The event was held on Thursday, October 2, 2025, at the James R. Wilkins Jr. Athletics & Events Center at Shenandoah University 1188 Ralph Shockey Dr., Winchester, VA 22602 Annually, businesses, educators, and economic development partners in Clarke County, Frederick County, Page County, Rappahannock County, Shenandoah County, Warren County, and Winchester, Virginia, come together to host Worlds of Work. Worlds of Work provides an immersive career exploration experience. During the event, students move through 10 different industry sectors, or “Work Worlds,” and participate in brief, hands-on activities. The 60+ businesses provided students with a look into each of the following sectors:  Agriculture  Communications  Construction  Finance  Health Science  Hospitality & Tourism  Information Technology  Manufacturing  Public Service  Transportation & Logistics Exhibitors participating in this year's event include: Advance Auto Parts / Carquest Auto Parts American Parkour American Woodmark Annandale and Allied Systems Ashworth Brothers, Inc. Barrett Machine, Inc. Belle Grove Plantation Berryville Family Chiropractic Blandy Experimental Farm | State Arboretum Virginia Bowman Andros Products Carrie Coffey, Mary Kay Sales Director Cedar Creek Battlefield Foundation City National Bank City of Winchester - Departments of Emergency Management, Fire & Rescue, GIS, Information Technology, Police, and Public Services Clarke County Department of Fire- EMS and Emergency Management Continental Cornet, Inc. Federal Bureau of Investigation First Bank Virginia FNB Bank, Inc. Frederick County Fire and Rescue / Fire Marshal’s Office Frederick County Planning & Development Frederick County Sheriff’s Office Frederick Water Gore's Meat Howard Shockey & Sons, Inc. International Brotherhood of Electrical Workers Local 26 Kennametal, Inc. Laurel Ridge Community College Marlow Motor Company, Inc. Museum of the Shenandoah Valley Parisi Speed School at Valley Health Quiet Work Accounting Riddleberger Brothers, Inc. Roman’s Hair Empire & Beauty Academy Shenandoah University School of Pharmacy Shenandoah Valley Financial Services Shentel | Glo Fiber Southeastern Container The Home Depot - Supply Chain Thermo Fisher Scientific Toray Plastics (America) United Band Valley Health Pharmacists Valley Health Professional Development Valley Medical Transport Virginia Cooperative Extension (VCE), part of Virginia Tech Virginia State Parks Winchester Regional Airport DATE: October 3, 2025 TO: Board of Directors, Frederick County Economic Development Authority FROM: Patrick Barker, CEcD Executive Director CC: Jay Tibbs Deputy County Administrator RE: Large Project Ready Site Program | Current Status At its last meeting, the EDA Board directed staff to modify its strategy to expand the number of Large Project-Ready Sites. Refining the definition of “Large” to properties less than 100 acres was one modification. The definition of “Project-Ready” remains the same, meaning the property is industrially zoned —or can feasibly obtain within 12 to 18 months— and has key infrastructure, including roads, water, wastewater, electric, and natural gas. Staff has completed its assessment of properties less than 100 acres. These sites were determined to be non-feasible upon further review. One site was encumbered with multiple water features, which would greatly restrict the size of any potential building. The other site faced significant challenges with access. The top priority sites from staff’s initial review have yet to express interest in a revised agreement that focus on rezoning exclusively. Staff will continue to communicate with the owners. On a positive front, there is growing potential for a partnership for another large land bay by a prospective purchaser. This area was identified and evaluated in the first round of the process, but the current property owners were not inclined to pursue. DATE: October 3, 2025 TO: Board of Directors, Frederick County Economic Development Authority FROM: Patrick Barker, CEcD Executive Director CC: Jay Tibbs Deputy County Administrator RE: LiveLoveShenandoah.com Demonstration As you might recall in 2020, the Frederick County EDA, in partnership with other Northern Shenandoah Valley localities (i.e. the counties of Clarke, Shenandoah, Warren and Page, and the City of Winchester), engaged Development Counsellors International (DCI)—the leader in marketing places -to develop a Comprehensive Talent Solutions Strategy focused on job seekers, university and community college graduates, and high school students. This Strategy identified obstacles to and opportunities for retention and attraction of young adult talent. The Strategy included several key messages for our “elevator speeches”—they serve as the “top reasons” why the Northern Shenandoah Valley region is a great place to live, work, and thrive. Based on the research, as well as best practices, DCI recommended a strategy including 8+ major marketing tactics for the region to start promoting its career and lifestyle opportunities to internal and external talent. One such tactic was a website. Just recently, the website, LiveLoveShenandoah.com, was relaunched. The refreshed site features new and enhanced tools to help both employers and prospective employees:  Cost of Living Calculator – Compare the relative expense of basic necessities like housing, food, and transportation between cities and regions. This tool helps users understand how salaries translate across locations, supporting informed decisions about moving, budget planning, and even compensation negotiations.  Interactive Job Board – A redesigned hub connecting job seekers to opportunities with local employers, making it easier to match talent with career openings across the Valley.  Regional Event Calendar – A new feature showcasing community and cultural events, underscoring the region’s quality of life and vibrancy.  Newsletter Signup – Visitors are encouraged to subscribe for updates on jobs, events, and resources to stay connected to the Valley’s workforce ecosystem. DATE: October 3, 2025 TO: Board of Directors, Frederick County Economic Development Authority FROM: Patrick Barker, CEcD Executive Director CC: Jay Tibbs Deputy County Administrator RE: Salary Sonar Demonstration Salary Sonar is real-time compensation benchmarking tool integrated within Chmura’s JobsEQ platform, of which the EDA has been a long-standing user. It draws on millions of active job postings daily to provide up-to-date wage insights. Using AI, it connects job descriptions, required skills, and locations with accurate pay benchmarks. Users, like the EDA are able to explore pay ranges, trends over time, and comparisons across geographies. This system will significantly benefit the EDA. We are now able to move beyond outdated salary surveys by providing real-time, defensible data. Such benefits to the EDA include: 1. Showcase Regional Competitiveness  Benchmark local wages against peer regions.  Demonstrate to site selectors and employers that our region offers competitive talent costs. 2. Strengthen Business Attraction & Retention  Provide clear, current salary data in RFPs and proposals.  Address employer concerns about workforce costs and availability. 3. Align Workforce Development Efforts  Identify which skills and certifications carry wage premiums.  Share insights with training providers to close talent gaps. 4. Monitor Trends & Market Shifts  Track month-to-month changes in compensation.  Anticipate wage pressures or emerging opportunities in key industries. 5. Support Grants & Strategic Planning  Supply evidence-based wage data in funding applications.  Strengthen strategic plans with actionable labor market intelligence. In summary, Salary Sonar will equip EDA staff with accurate, real-time, and actionable salary intelligence.