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The Business Case for Williamson County, TN

The Business Case for Williamson County, TN

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    Why Williamson Why Williamson Presentation Transcript

    • 305 Public Square, Suite 214 Franklin, TN 37064 Matt Largen, Director 615.261.2880matt@williamsonprospers.com twitter.com/MattLargen
    • THE BUSINESS CASE FORWILLIAMSON COUNTY, TENNESSEE
    • “MedSolutions has benefitted significantly from thedecision to base our operations in what we considerthe heart of our nation’s healthcare capital. As hometo a growing and vibrant business community,Williamson County offers our company the chance tocollaborate with other industry leaders whileproviding employees with rich quality of life.” Curt Thorne, President & CEO of MedSolutions, Inc.
    • Accessible Easy access to east coast population centers • A day’s drive from 75% of the U.S. • Interstate 65 and Highway 840 run through Williamson County • I-40 and I-24 surround and connect creating a grid for easy accessibility and transportation • 30 minutes from Nashville International Airport serving 48 non-stop markets per dayNashville, TNWilliamson County
    • Accessible Easy access via non-stops at Nashville International Nashville International Airport Non Stop Markets Airport City Airport City Code Name Code Name ATL Atlanta MIA Miami AUS Austin MKE Milwaukee BWI Baltimore MSP Minneapolis/St. Paul BHM Birmingham MSY New Orleans BOS Boston EWR New York Newark Liberty CUN Cancun (seasonal) JFK New York JFK CLT Charlotte LGA New York LaGuardia MDW Chicago Midway OAK Oakland ORD Chicago O’Hare ONT Los Angeles Ontario CVG Cincinnati MCO Orlando CLE Cleveland PHL Philadelphia CMH Columbus PHX Phoenix• 12 air carriers DFW Dallas/Ft Worth PIT Pittsburgh• 48 non-stops markets DEN Denver PVD Providence DTW Detroit RDU Raleigh/Durham• 88 direct-served FLL Ft. Lauderdale SLC Salt Lake Citymarkets BDL Hartford SAT San Antonio HOU Houston Hobby SAN San Diego• 400 flights per day IAH Houston Intercontinental SEA Seattle• 10 million passengers JAX Jacksonville STL St. Louis MCI Kansas City TPA Tampaper year LAS Las Vegas YYZ Toronto• Live music in terminal LAX Los Angeles DCA Washington Reagan MEM Memphis IAD Washington Dulles
    • Affordable ACCRA Cost of Living Index 3rd Quarter 2012 US AverageNashville, TNWilliamson County
    • Dynamic Fastest growing county in TN 250,000 200,000 150,000 100,000 50,000 0 1990 2000 2010 2015 Census Census Census Projection Total Population Total Households 1990 2000 2010 2015 Census Census Census ProjectionTotal Population 81,020 126,638 183,182 215,891Total 27,927 44,725 64,886 76,341Households Source: US Census Bureau, 2010
    • Continued Dynamism Projections above state and US averages Projected 2010-2015 Annual Growth by Percentage 43.5 32.5 Williamson County 2 Tennessee1.5 United States 10.5 0Population Households Families Owner Median Occupied Household Homes Income Source: ESRI Business Analyst Projections, 2011
    • Talent Rates consistently below region & state average Tennessee Labor force 3,103,400 Unemployment rate 7.6% Nashville Region Labor force 828,970 Unemployment rate 6.4% Williamson County Labor force 95,650 Unemployment rate 5.2%Source: Tennessee Department of Labor and Workforce Development, September 2012
    • Talent Historically outperformed state and USSource: Tennessee Department of Economic and Community Development Research
    • Talent Growth through in-migrationSource: Internal Revenue Service, 2009
    • Transfer Appeal Proven record of relocating talent% of workforce that chose to relocate42% of workforce80% of executivesFrom Los Angeles, 200582% of workforceFrom Los Angeles, 200650% of financial service workforceFrom Tampa, FL, 200845% of IT workforceFrom Charlottesville, VA, 201290% of IT workforceFrom Lansing, MI, 2012
    • Talent and Public Education Far outperforms state and US US TN Williamson County EDUCATIONAL ATTAINMENT Population 25 years and over Associates degree or higher 35.7% 29.3% 59.3% 2006-2012 High School Graduation Rate 2006 2007 2008 2009 2010 2011 2012Williamson Co 91.0 93.4 93.8 95.3 93.9 91.8 92.2Tennessee 80.7 81.8 82.2 82.2 86.1 85.5 87.2
    • Public Education Rising standardized test scores Williamson County Schools Average ACT Scores (2010-2012 Graduating Classes)Note: 100% of students in Williamson Schools takes the ACT, even if they are not college bound
    • Public Education #1 priority and #1 differentiator America’s Best High Schools 2012 4 schools in Williamson County were listed on Newsweeks Best High Schools list, more than any other county in Tennessee • Brentwood High School • Ravenwood High School • Franklin High School • Page High SchoolNewsweek picks the best high schools in the country based on how hard school staffs work tochallenge students with advanced placement college-level courses and tests. Just over 1600 schools—only six percent of all the public schools in the U.S.—made the list. Source: Newsweek 2012
    • Talent Pipeline of future employees24 colleges and universities with 88,398 students8 community colleges with 32,103 students14 career colleges + with 9,095 students 129,596 students currently enrolled in the Nashville region Source: 2010 enrollment data
    • Employer of Choice Evidence of strong applicant pool Received 40,000 applications for 700 jobs in 2005 Received 4,000 applicationsbefore they posted a single job in 2010
    • Talent Signs of sustained economic strength Since 2000 Employment Growth Population Growth LOW Unemployment RateCorporate relocations, growth of existing industry, & entrepreneurial dynamism
    • “Jackson looked at a variety of different communitiesto open a regional headquarters office. We ultimatelyselected Williamson County because of the strongtalent pool due to its proximity to nationallyrecognized academic institutions, the quality of lifethe area offers our employees, and most of all thewelcoming spirit of the local community. We couldn’tbe happier with our decision.” Mike Wells, President & CEO of Jackson National Life Insurance
    • Economic Diversity Risk is minimized through balance of sectorsEmployment Distribution, US vs. Williamson County US Williamson Co. Source: U.S. Bureau of Labor Statistics, 2011
    • Sector Growth Significant growth in management subsector Source: Nashville Business Journal, June 2012http://www.bizjournals.com/nashville/print-edition/2012/06/08/williamson-countys-growth.html?s=image_gallery
    • Corporate ImageOver 200 companies with corporate functions
    • Top 25 Largest Private Sector Employers LOCALCOMPANY NAME EMPLOYEES DESCRIPTION OF OPERATIONCommunity Health Systems Inc. 4500 Operator of non-urban general acute care hospitalsNissan Americas 1600 Automotive corporate headquarters for North and South AmericaWilliamson Medical Center 1412 County-owned hospitalHCA 1400 Patient accounting service center and physician servicesVerizon Wireless 1300 Tennessee state headquarters for wireless carrierComdata Corporation 890 Transaction process solutions including payroll servicesFord Motor Credit 800 Customer care center for finance departmentUnited Health Group (formerly AIM HealthCare Services) 750 Claims resolution and healthcare information managementMars Petcare US 750 Headquarters for private label dry & semi-moist pet food co.Lee Company 700 Integrated facility solutions; commercial & residentialMedSolutions Inc. 692 Radiology management productsTractor Supply Company 664 Owns and operates retail farm and ranch storesAffinion Group 650 Designs and markets customer engagement and loyalty solutionsHealthways 600 Proactive custom health & care plansVanderbilt Medical Group 500 Physician servicesAT&T 500 Disaster recovery center, call center, and retail storesDaVita 455 Billing office for company that provides dialysis servicesBrookdale Senior Living 450 National senior living and health care providerLifePoint Hospitals 415 Operates hospitals in non-urban areasLasko Metal Products Inc. 360 Manufacturer of fans, humidifiers and heatersOzburn-Hessey Logistics 345 Provider of global supply chain management solutionsThe Lampo Group (Dave Ramsey) 340 Financial seminars, radio show, television show, and webLattimore Black Morgan & Cain 270 Professional services organizationJackson National Life Insurance Company 260 Offers variable, fixed and fixed index annuities, and institutional productsApcom, Inc. 250 Divisional headquarters & drain valves, testing elements thermostats For a complete list of major employers by sector, please visit: http://williamsonprospers.com/why-williamson/look-whos-here/
    • Low cost of doing business Local property tax rate ranges from$2.31 to $3.60 per $100 of assessed value 3rd lowest county tax rate in Nashville region Ranks below the average Tennessee county tax rate $ No state income tax
    • CredentialsConsistently ranked near the top
    • Credentials Business friendly3 of top 5 are from Williamson County, including #1 and #2
    • Credentials Consistently ranked near the topOne of the Best Cities for Startups 1. Boulder, CO 6. Cambridge, MA 2. Boca Raton, FL 7. Bellevue, WA 3. Santa Monica, CA 8. Franklin, TN 4. Bend, OR 9. San Francisco, CA 5. Irvine, CA 10. Rockville, MD Ranking by: ZoomProspector.com and Bloomberg Businessweek 2010
    • Credentials Consistently ranked near the top Healthiest County in Tennessee Health Outcomes 1 Mortality 1 Morbidity 1 Heath Factors Health Behaviors 1 Clinical Care 1 Social & Economic Factors 1 Physical Environment 7 Source: 2012 County Health Rankings & Roadmapshttp://www.countyhealthrankings.org/app/tennessee/2012/williamson/county/1/overall
    • How do Williamson County residents feel?2012 data for Williamson Co, TN
    • Start-up activity Healthy culture of entrepreneurship24% of the fastest growing privatecompanies in Tennessee from the 2012 Inc. 500║5000 are in Williamson County
    • The home for business 12 of the 25 largest publicly tradedcompanies in the Nashville region call Williamson County home, including #1-#5 and 7 of the top 10
    • Who has grown jobs in Nashville?Nashville Region County % Employment Growth, 2007-2011 Nashville Region = 4.3%
    • 2011 Where the jobs areSource: Money.com“Where the jobs are”,2011
    • 2012 The jobs are still coming hereSource: Money.com“Where the jobs are”,2012
    • “Moving the headquarters and the sales andmarketing organization [to Williamson County, TN in2006], I think, was a significant competitiveadvantage for Nissan. Our results speak volumes asto whether it was the right decision. Our marketshare has grown significantly, and I attribute a bigpart of our success and our potential to the fact thatwe are located here.“ Bill Krueger, Vice Chairman of Nissan Americas
    • 305 Public Square, Suite 214 Franklin, TN 37064 Matt Largen, Director 615.261.2880matt@williamsonprospers.com twitter.com/MattLargen