Why Richmond, Why Now: A Regional Perspective. Barry I. Matherly President & CEO
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1 Why Richmond, Why Now: A Regional Perspective Barry I. Matherly President & CEO
2 Current & Projected Employment Richmond MSA, 2017 & , , , ,000 50,000 0 Office Occupations Retail & Hospitality Healthcare Education Distribution Construction Government Personal Services Manufacturing 2017 Current Employment 2027 Projected Employment Source: Chmura Economics and Analytics, November 2017
3 Richmond Metro Area GDP (millions of chained 2009 dollars) Source: US Bureau of Economic Analysis, October 2018
4 732 jobs $8.2 million investment
5 104 jobs $120 million investment
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7 City of Richmond Chesterfield County Hanover County Henrico County 120+ private sector investors
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9 Partners Greater Richmond Partnership Real Estate/ Development Chesterfield County Legal & Accounting Banks/ Insurance Economic Development Allies Prospect Local Economic Development Offices Hanover County Henrico County Education/ Training City of Richmond Va. Economic Development Partnership
10 Regional Leadership Circle
11 Private Investors Accenture Allianz Partners Altria Group Anthem Blue Cross and Blue Shield Anton Paar USA Apple Hospitality REIT Bank of America Barton Malow Company Baskervill BB&T BES Studios Brandywine Realty Trust Bon Secours Health System C&F Bank Capital Bank Capital One Financial Corp. Capstone Contracting Company CBRE Richmond Challa Law Group ChamberRVA Cherry Bekaert Chesterfield County Chamber of Commerce Chmura Economics & Analytics Collegiate School Colliers International ColonialWebb Contractors Columbia Gas of Virginia Community College Workforce Alliance Creative Cushman & Wakefield Thalhimer Davenport & Company Dixon Hughes Goodman Dominion Resources Draper Aden Associates Ernst & Young Fifth Third Bank Froehling & Robertson Fulton Bank Genworth Financial Google GRACRE GrayCo Gumenick Properties Haley Automotive Group Harper Associates Harris Williams & Co. Have Site Will Travel HHHunt Hourigan Hunton Andrews Kurth ITAC James River Insurance Company Jewett Automation Jewett Machine Manufacturing Company John Tyler Community College Joyner Fine Properties JPMorgan Chase KVCF Solutions Kaufman & Canoles KBS Keiter Kings Dominon KPMG Lansing Building Products LeClair Ryan Liberty Property Trust Lingerfelt Commonwealth Partners Long & Foster Real Estate Luck Companies Markel Corporation Marsh & McLennan Agency The Martin Agency McCandlish Holton Morris McGuireWoods McKesson Medical-Surgical The Monument Companies Napier ERA ndp NewMarket Corporation NurseSpring Owens & Minor Patient First Porter Realty Company Publix Reynolds Community College Reynolds Development Richmond Association of REALTORS The Richmond Group USA Richmond International Airport S.W. Funk Industrial Contractors Shamin Hotels Sheetz Southeast Industrial Equipment Sports Backers St. Christopher s School SunTrust Swedish Match North America Thompson McMullan Timmons Group TowneBank Richmond Ukrop s Homestyle Foods Ukrop s Threads Union Bank & Trust Universal Corporation University of Richmond Virginia Air Distributors Virginia Commonwealth University Virginia Credit Union Wells Fargo Whiting-Turner Contracting Co. Whitlock Williams Mullen The Wilton Companies
12 Programs Marketing Business Attraction Business Retention & Expansion
13 Targeted Clusters
14 International Companies
15 Why Richmond Region? Strategic geography located at the mid-point of the east coast. Northernmost right-to-work state with low costs and stable business environment. Top spot for attracting millennial workforce in addition to existing highly educated talent in the region. Capital city ripe with fine arts and culture, best street art in the world and top foodie accolades. Active lifestyle options abound centered around the James River.
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23 #2 Metro Most Millennials Are Moving To Easier to live alone for Millennials than any other major U.S. city
24 RVA Population In-Migration 19,600 people move into the Richmond metro area each year 26 is the average age of the people who relocate here 5 metros contribute 48% of the people (9,400) moving here per year Cities Residents Are Moving From Washington DC-Arlington-Alexandria, Virginia Virginia Beach-Norfolk-Newport News, Virginia New York City, New York / Newark, New Jersey Charlottesville, Virginia Baltimore, Maryland Source: Internal Revenue Service and the U.S. Census Bureau #9 Top Growth City
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29 What is Middle Office?
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32 Cost Savings
33 How can you help? Sign up for updates Share regional key messages Join RVA Agents
34 RVAAgents.com
35 Connect grpva.com/social Barry Matherly President & CEO Greater Richmond Partnership, Inc.
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