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Montgomery County, Virginia Economic Development Department

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  • 1. Presenter Charlie Jewell Project Manager Montgomery County, Virginia Economic Development Department jewellcw@montgomerycountyva.gov
  • 2. What to Expect: – Overview of the Economic Development Depart. – About Montgomery County, Virginia • General Facts and Stats • Great Place to Live • Great Place to Launch and Grow a Business
  • 3. Economic Development  Department
  • 4. The Montgomery County Economic Development Department is  a local government agency dedicated to improving the quality  of life in Montgomery County by encouraging positive economic  growth that: – Creates meaningful career opportunities – Expands the commercial tax base – Protect our enviable quality of life Strategies aimed at supporting the startup and growth of  companies in Montgomery County as well as the attraction of  new businesses to the community.  What is the Economic  Development Department?
  • 5. Montgomery County, Virginia
  • 6. Location
  • 7. Montgomery County, Virginia
  • 8. Basic Facts and Stats Population: 95,656  Over the past decade, the population  has grown 13%, +10,599 Employment: 44,492 Employment is up 9.2 percent since  2010, +3,737 net new jobs Cost of Living Index: 96 The cost of living in Montgomery County  is 4 percent below the U.S. average Major Industry  Sectors: • Education Services • Manufacturing • Healthcare • IT & Software  Development • Life Sciences and  Biotech
  • 9. Great Place to Live
  • 10. Great Place for Families #1 Best Place in the U.S. to Raise Kids Quality Education System • K‐12  – Montgomery County Public Schools • Blacksburg High School ranks in the Top 5 percent  of public high schools in the nation (Newsweek) Low Crime • #7 Most Secure Small Place to Live in U.S Family Friendly Events • International Street Fair Festival, parades, etc. Bloomberg Business and Homes.com Farmers Insurance Group
  • 11. Highly Educated Region Percent Boston 54.7 Washington DC 50.7 Blacksburg 50.29 Silicon Valley 48 San Francisco 45.7 New York 44.5 Raleigh‐Durham 44.48 Austin 39.88 Atlanta 36.1 Percent of Population  with Bachelors or Higher No. 14 Smartest City in the U.S. (2013) No. 14 Most Educated Small Town (2009)Source: American Economic  Research Institute (2013)
  • 12. Virginia Tech “Hokie” Football Lane Stadium named the "Toughest Place in College Football for Opponents to Play " (2005). No. 2 College Football Town in America
  • 13. The Great Outdoors The Poverty Creek Trail System (Jefferson National Forest) - 4th "Best Mountain Bike Trail" and a "Best Running Trail" (2010). Cascade Falls - 4th "Best Swimming Hole“ (2010). Huckleberry Trail - 9th "Best Rail to Trail for Running" (2008). McAfee Knob (pictured) named "Favorite Sections of the Appalachian Trail." (2010). New River Junction (tubing) New River Trail State Park (biking) New River (canoeing/kayaking) Appalachian Trail (hiking) Outdoor Bucket List (2011) Blacksburg a “Top Ten Dream Town for Outdoor Enthusiasts.” (2011))
  • 14. Great Place to Launch  Business and Grow a  Business
  • 15. United States #1 Best  Country to Launch a Business 2012 Global Entrepreneurship and Development  Index Report • Collaboration between George Mason University,  U.S. and University of Pecs and Imperial College  Business School, London • Index ranked 79 nations based on their  entrepreneurial characteristics, including:  – quality of the education system; likelihood of corruption;  amount of research and development; and government  incentives related to starting a business Country Ranking United States 1 Sweden 2 Australia 3 Iceland 4 Denmark 5 Canada 6 Switzerland 7 Belgium 8 Norway 9 Netherlands 10 Taiwan 10 U.S. Business Climate
  • 16. #3 Best State for Innovation and  Entrepreneurship (2013) Virginia Business Climate Best State for Business #1 in 2009, 2008, 2007 and 2006 #2 in 2012, 2011 and 2010
  • 17. Top Tech Launching Pad Blacksburg named one of six rising technology hubs in the U.S. Best Place to Live and Launch in the U.S. Blacksburg ranked the No. 43 Best Place to Live and Launch due to its “mix  of business advantages and lifestyle appeal” Business Climate
  • 18. Major Research University Virginia Tech Tops $454 Research Expenditures #10 globally Patent Power ranks in fiscal year 2012 IEE Spectrum (2010) Entrepreneur Club Active Student
  • 19. Major Research Park 230-arce research park home to over 160 research, technology and support companies #1 Research Park in North America Association of University Research Parks, 2010 “We don’t just offer commercial real estate. We devote a great deal of time and energy toward helping companies here grow and be successful. If they succeed, we succeed.” - Joe Meredith, President, Virginia Tech Corporate Research Center
  • 20. Entrepreneur Support Roanoke-Blacksburg Technology Council Regional technology council with over 200 members. Advocate the growth and success of technology companies in the region. • Tech & Toast Series • Pitch & Polish Clinics VT KnowledgeWorks: Business acceleration services to help companies plan, launch and grow.
  • 21. Entrepreneur Support NuSpark “Ideation” Space
  • 22. Strong Entrepreneurial Culture
  • 23. New Emerging Startups Four local startups have raised $4.1  million dollars this year alone $675,000 VFit 3D Body Scanning Technology $1.4 Million Mobile Fitness App $2 Million Social marketing platform $107,000 Lawn care optimization platform
  • 24. Questions?