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TASC-Hampton Roads Partnership Presentation
TASC-Hampton Roads Partnership Presentation
TASC-Hampton Roads Partnership Presentation
TASC-Hampton Roads Partnership Presentation
TASC-Hampton Roads Partnership Presentation
TASC-Hampton Roads Partnership Presentation
TASC-Hampton Roads Partnership Presentation
TASC-Hampton Roads Partnership Presentation
TASC-Hampton Roads Partnership Presentation
TASC-Hampton Roads Partnership Presentation
TASC-Hampton Roads Partnership Presentation
TASC-Hampton Roads Partnership Presentation
TASC-Hampton Roads Partnership Presentation
TASC-Hampton Roads Partnership Presentation
TASC-Hampton Roads Partnership Presentation
TASC-Hampton Roads Partnership Presentation
TASC-Hampton Roads Partnership Presentation
TASC-Hampton Roads Partnership Presentation
TASC-Hampton Roads Partnership Presentation
TASC-Hampton Roads Partnership Presentation
TASC-Hampton Roads Partnership Presentation
TASC-Hampton Roads Partnership Presentation
TASC-Hampton Roads Partnership Presentation
TASC-Hampton Roads Partnership Presentation
TASC-Hampton Roads Partnership Presentation
TASC-Hampton Roads Partnership Presentation
TASC-Hampton Roads Partnership Presentation
TASC-Hampton Roads Partnership Presentation
TASC-Hampton Roads Partnership Presentation
TASC-Hampton Roads Partnership Presentation
TASC-Hampton Roads Partnership Presentation
TASC-Hampton Roads Partnership Presentation
TASC-Hampton Roads Partnership Presentation
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TASC-Hampton Roads Partnership Presentation

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By Bob Sharak of Hampton Roads Partnership. To the Tidewater Association of Service Contractors. Hampton Roads Business Development

By Bob Sharak of Hampton Roads Partnership. To the Tidewater Association of Service Contractors. Hampton Roads Business Development

Published in: Economy & Finance, Business
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    1. Regional Trends and Opportunities Tidewater Association of Service Contractors Bob Sharak Hampton Roads Partnership November 21, 2007 Hampton Roads
    2. About the Hampton Roads Partnership <ul><li>Unique public-private Leadership organization formed in 1996 . </li></ul><ul><ul><li>17 localities, 111 members </li></ul></ul><ul><ul><li>Chief elected officials and key leadership in business, education, military, and labor. </li></ul></ul><ul><li>Mission </li></ul><ul><ul><li>Provide leadership on strategic issues that improve the region’s competitive position in the global economy. </li></ul></ul>Hampton Roads
    3. About the Hampton Roads Partnership <ul><li>Goal </li></ul><ul><ul><li>To engage in activities leading to higher living standards for residents of Hampton Roads and stronger, more agile communities </li></ul></ul><ul><ul><li>Only organization focusing on regional strategic issues </li></ul></ul>
    4. Hampton Roads Partnership Strategic Plan <ul><li>Education </li></ul><ul><ul><li>School Readiness </li></ul></ul><ul><ul><ul><li>Start Strong </li></ul></ul></ul><ul><ul><li>Educational Attainment </li></ul></ul><ul><ul><li>Technological Research </li></ul></ul><ul><ul><ul><li>Hampton Roads Research Partnership </li></ul></ul></ul><ul><ul><ul><ul><li>6 universities, 2 federal labs and a research institute </li></ul></ul></ul></ul><ul><ul><ul><ul><li>2 US EDA Grants ($1.2M) </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Focus Areas: Sensors, Bio-science and M&S </li></ul></ul></ul></ul>
    5. Hampton Roads Partnership Strategic Plan <ul><li>Transportation </li></ul><ul><ul><li>Traffic Congestion </li></ul></ul><ul><ul><ul><li>HRTA </li></ul></ul></ul><ul><ul><li>Public Transit </li></ul></ul><ul><ul><ul><li>Regional Transit Study </li></ul></ul></ul><ul><li>Regional Citizenship </li></ul><ul><ul><li>America’s First Region Campaign </li></ul></ul><ul><ul><li>Regional Stewards Group </li></ul></ul>
    6. Hampton Roads Partnership Strategic Plan <ul><li>Economy </li></ul><ul><ul><li>Modeling & Simulation </li></ul></ul><ul><ul><ul><li>M&S Strategic Plan </li></ul></ul></ul><ul><ul><ul><li>State Budget Request </li></ul></ul></ul><ul><ul><ul><li>MODSIM World 2007 Conference & Expo </li></ul></ul></ul><ul><ul><ul><li>MODSIM World 2008!! </li></ul></ul></ul><ul><ul><ul><li>September 16-18 2008 </li></ul></ul></ul><ul><ul><ul><li>Virginia Beach, VA </li></ul></ul></ul>
    7. Economic Impacts Modeling and Simulation Industry
    8. Hampton Roads Partnership Strategic Plan <ul><li>Economy </li></ul><ul><ul><li>Port/Logistics </li></ul></ul><ul><ul><ul><li>Technology/ Automation </li></ul></ul></ul><ul><ul><ul><ul><li>HRRP/WIRED Grant </li></ul></ul></ul></ul><ul><ul><ul><li>Logistics Hub </li></ul></ul></ul><ul><ul><ul><ul><li>To be continued… </li></ul></ul></ul></ul>
    9. Identifying Regional Trends
    10. Identifying Regional Trends <ul><li>Major Drivers of the Regional Economy </li></ul><ul><li>Defense </li></ul><ul><ul><li>2006 DoD spending approx. $16.8 billion (ODU) </li></ul></ul><ul><ul><li>More than one-third of the $72 billion regional economy. </li></ul></ul><ul><ul><li>Accounted for approx. 75% of Regional Economic Growth since 2001. (ODU) </li></ul></ul>
    11. Identifying Regional Trends <ul><li>Major Drivers of the Regional Economy </li></ul><ul><li>Defense </li></ul><ul><ul><li>Nearly 112,000 military personnel, second largest concentration of military in the nation. </li></ul></ul><ul><ul><li>Over 11% percent of all jobs. (HRPDC) </li></ul></ul>
    12. Identifying Regional Trends <ul><li>Major Drivers of the Regional Economy </li></ul><ul><li>Defense </li></ul><ul><ul><li>2002 and 2003 growth strongest since the 1980s Reagan build-up. (ODU) </li></ul></ul><ul><ul><li>Major growth spurts have come with Defense build-ups. </li></ul></ul><ul><ul><li>It almost doesn’t matter what happens in the rest of the economy. </li></ul></ul>
    13. Identifying Regional Trends <ul><li>Major Drivers of the Regional Economy </li></ul><ul><li>Defense </li></ul><ul><ul><li>Base closures </li></ul></ul><ul><ul><ul><li>Reduce GRP $404.5 million by 2020. </li></ul></ul></ul><ul><ul><ul><li>Lose 1,223 civilian, 921 military and 248 contractor jobs by 2011. </li></ul></ul></ul>
    14. Identifying Regional Trends <ul><li>Major Drivers of the Regional Economy </li></ul><ul><li>Defense </li></ul><ul><ul><li>Slowing Defense growth slowing regional growth. </li></ul></ul><ul><ul><li>2007 regional growth below the historic average, slowest since 2000. (ODU) </li></ul></ul><ul><ul><li>2006 growth rate revised downward . (ODU) </li></ul></ul>
    15. Peak Rate 13.7% Peak Spending $606.6bn
    16. Identifying Regional Trends <ul><li>Major Drivers of the Regional Economy </li></ul><ul><li>Defense </li></ul><ul><ul><li>Navy </li></ul></ul><ul><ul><ul><li>FY 2008 active duty end strength 45,000 below FY 2004 total. </li></ul></ul></ul><ul><ul><ul><li>Battle force fleet 286 ships and submarines, compared to 292 ships and submarines. (CSBA) </li></ul></ul></ul><ul><ul><ul><li>11 aircraft carriers versus 12 in FY 2004. (CSBA) </li></ul></ul></ul><ul><ul><li>Air Force </li></ul></ul><ul><ul><ul><li>Active duty end strength projected to decline 48,000. </li></ul></ul></ul>
    17. If Not Defense, Then What? <ul><li>I want to say one word to you. </li></ul><ul><li>Just one word. </li></ul><ul><li>Are you listening? </li></ul><ul><li>“ Logistics” </li></ul>
    18. Distribution & Logistics <ul><li>Why Logistics? </li></ul><ul><li>Facilitate Cargo Handling & Transportation </li></ul><ul><li>Done Well it Lowers Costs & Capital </li></ul><ul><li>Is Its Own Industry in Today’s Global Economy </li></ul><ul><li>Done Very Well it Attracts Other Business </li></ul>
    19. Distribution & Logistics <ul><li>Major Drivers of the Regional Economy </li></ul><ul><li>Port </li></ul><ul><ul><li>Over 30,000 jobs attributable to the Port. (ODU) </li></ul></ul><ul><ul><li>Freight movements expected to increase dramatically in next 20 years from 2 million TEUs in 2005 to 5 Million by 2030. (Moffat & Nichol) </li></ul></ul>
    20. Distribution & Logistics <ul><li>Major Drivers of the Regional Economy </li></ul><ul><li>Port </li></ul><ul><ul><li>APM Terminals investing $450 million in a new 300-acre container terminal in Portsmouth. </li></ul></ul><ul><ul><ul><li>2.1M TEUs Per Year </li></ul></ul></ul><ul><ul><ul><li>Phase1 2007 </li></ul></ul></ul><ul><ul><ul><li>Finished 2009. </li></ul></ul></ul>
    21. Distribution & Logistics <ul><li>Major Drivers of the Regional Economy </li></ul><ul><li>Port </li></ul><ul><ul><li>Fourth VPA Terminal </li></ul></ul><ul><ul><li>600-acre Craney Island </li></ul></ul><ul><ul><li>$2,200,000,000 Investment </li></ul></ul><ul><ul><li>Stage 1 2017 </li></ul></ul><ul><ul><li>2.5 million TEUs/year </li></ul></ul>
    22. Distribution & Logistics <ul><li>Major Drivers of the Regional Economy </li></ul><ul><li>Port </li></ul><ul><ul><li>Majority moved by truck </li></ul></ul><ul><ul><ul><li>Increase 80 percent over the next 20 years </li></ul></ul></ul><ul><ul><ul><li>Rail to grow 40 percent too </li></ul></ul></ul><ul><ul><li>By 2026, congestion will reduce peak hour speed to 25 MPH. </li></ul></ul><ul><ul><li>Traffic congestion affects rail too at intermodal transfer points. </li></ul></ul>
    23. Distribution & Logistics <ul><li>Major Drivers of the Regional Economy </li></ul><ul><li>Port </li></ul><ul><ul><li>Rail could carry more </li></ul></ul><ul><ul><li>Heartland Corridor project stretching from Norfolk to Chicago. </li></ul></ul><ul><ul><ul><li>Cuts 233 miles from the existing route </li></ul></ul></ul><ul><ul><ul><li>Reduce travel time by a day and a half. </li></ul></ul></ul>
    24. Distribution & Logistics <ul><li>Major Drivers of the Regional Economy </li></ul><ul><li>Port </li></ul><ul><ul><li>Hampton Roads Transportation Authority </li></ul></ul><ul><ul><ul><li>Third Crossing </li></ul></ul></ul><ul><ul><ul><li>Southeastern Parkway </li></ul></ul></ul><ul><ul><ul><li>Dominion Boulevard </li></ul></ul></ul><ul><ul><ul><li>Midtown Tunnel </li></ul></ul></ul><ul><ul><ul><li>U.S. Route 460 </li></ul></ul></ul><ul><ul><ul><li>Widening I-64 (Peninsula) </li></ul></ul></ul><ul><ul><ul><li>Widening I-64 (Southside) </li></ul></ul></ul>
    25. Distribution & Logistics <ul><li>Port Business Trends </li></ul><ul><li>Outsourced Manufacturing/US Imports </li></ul><ul><li>Big Box Retailer Distribution Centers </li></ul><ul><ul><li>10 To 15 Million SF are already In use </li></ul></ul><ul><ul><li>Additional 20 to 60 Million SF Will Be Needed by 2030 </li></ul></ul>
    26. Major Distribution Center Locations Near Major Transportation Routes
    27. Distribution & Logistics <ul><li>Port Business Trends </li></ul><ul><li>An Opportunity </li></ul><ul><ul><li>$100bn in East Coast Containerized Cargo is Discretionary and its Growing </li></ul></ul><ul><ul><li>All Of It Needs To Be Handled and Managed </li></ul></ul><ul><ul><ul><li>Represents roughly $4 - $6bn in logistics services </li></ul></ul></ul><ul><ul><li>Handle It In Hampton Roads </li></ul></ul><ul><ul><ul><li>Capture $1bn in logistics work?? </li></ul></ul></ul>
    28. Distribution & Logistics <ul><li>Port Business Trends </li></ul><ul><li>Customers Desire: </li></ul><ul><ul><li>Low port cost and diverse services </li></ul></ul><ul><ul><li>Cargo handling outside the port </li></ul></ul><ul><ul><li>Pre-zoned and available land </li></ul></ul><ul><ul><li>Efficient Transportation </li></ul></ul><ul><ul><li>Logistic Services </li></ul></ul><ul><ul><li>Distribution Center Development </li></ul></ul><ul><li>Door-to-Door Infrastructure </li></ul><ul><li>Friendly Business Environment </li></ul>
    29. Distribution & Logistics <ul><li>Land Use Planning </li></ul><ul><li>Work to identify best locations </li></ul><ul><ul><li>Good infrastructure </li></ul></ul><ul><ul><ul><li>Utilities </li></ul></ul></ul><ul><ul><ul><li>Roads </li></ul></ul></ul><ul><ul><li>Inexpensive Land </li></ul></ul><ul><ul><li>Good Labor Force </li></ul></ul><ul><ul><li>Buffers to non-complimentary uses </li></ul></ul><ul><ul><ul><li>Residential </li></ul></ul></ul><ul><ul><ul><li>Schools </li></ul></ul></ul>
    30. One Consideration Norfolk Southern US 58 CSX US 460 Buffer Area(s) Industrial Area
    31. Distribution & Logistics <ul><li>Closing Thoughts? </li></ul><ul><li>Port Related Foundation </li></ul><ul><ul><li>Focused on Growth </li></ul></ul><ul><li>APM is Open </li></ul><ul><li>Craney Island in Progress </li></ul><ul><li>Heartland Corridor Opens 2009 </li></ul><ul><li>New US 460 </li></ul><ul><li>Panama Canal Expanding 2014 </li></ul>
    32. <ul><li>Conclusions? </li></ul><ul><li>Questions? </li></ul>
    33. Thank You! <ul><li>Robert Sharak </li></ul><ul><li>Vice President </li></ul><ul><li>Hampton Roads Partnership </li></ul><ul><li>430 World Trade Center </li></ul><ul><li>Norfolk, VA 23510 </li></ul><ul><li>757-625-4696 (P) </li></ul><ul><li>757-625-4684 (F) </li></ul><ul><li>[email_address] </li></ul><ul><li>www.hrp.org </li></ul>

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