Chesterfield Economic Development
News You Can Use
March 2009
1

Chesterfield Economic Development
The Object of the Program
To enhance the economic vitality of Chesterfield County
by attracting and retaining business capital investment
and new jobs.
County Strategic Goal
To Be the First Choice Business Community
2

Cost of Services More Than Taxes Paid
Chesterfield County
The average Chesterfield household
Shortfall
pays only 50.4% of the cost of
$2,377
providing county services to that per Household
Cost of Services
home.
$4,794
per Household
Taxes Paid
$2,417
per Household
Shortfall covered by:
Local taxes paid by businesses, transfers from VA & US, fees for services. (Source: Budget & Management FY2005 General Fund)
3

Powhite
Parkway
Watkins Centre
Route 1 & 150
Route 895
Cloverleaf
Chesterfield
Route 360 Airport
Meadowville
Walthall
Gateways
4

Target Marketing Sectors
Office — Corporate headquarters and finance, securities and insurance firms
Life sciences — R&D and pharmaceutical manufacturing
Information technology — Data and digital communications
Advanced materials — Materials and chemical manufacturing
Advanced manufacturing — Highly automated technology driven manufacturing
Wholesale, distribution and logistics — Food and non-food products
Aviation — Manufacturing and service companies
Retail — Market to unique developments
5

Koger Center The Boulders
Watkins Centre Gateway Center
The Arboretum
CenterPointe
Moorefield
Waterford
Meadowville
Centre Court
Areas for Office Target
6

Watkins Centre
Meadowville
Areas for Life Sciences Target
7

Koger Center The Boulders
Watkins Centre Gateway Center
The Arboretum
CenterPointe
Waterford Moorefield
Centre Court Meadowville
River’s Bend
Areas for Information Technology Target
8

James River
Meadowville
Areas for Advanced Materials Target
9

Watkins Centre
James River
Meadowville
Airport Ind. Park
Walthall Area
Areas for Advanced Manufacturing Target
10

Watkins Centre
James River
Meadowville
Walthall Area
Areas for Distribution & Logistics Target
11

Airport Ind. Park
Areas for Aviation Target
12

Chesterfield Cloverleaf Area
Towne Center
Watkins Centre
Route 1 Corridor
Meadowville Area
Airport Area
Areas for Retail Target
13

Recent Deals
2008
14

SportsQuest
Waterford Business Center
$25 million Phase 1 ~ $40 million Phase 2 ~ $35 million Phase 3
15

Sabra Dipping Company
Ruffin Mill Industrial Park
$59.3 million ~ 110,000 square feet ~ 260 employees
16

Electronic Precision Technology
River's Bend Center
$5 million ~ 46,300 square feet ~ 50 employees
17

Poseidon
Chippenham Crossing
$8 million ~ 34 acre site
18

Blue Print Automation
Appomattox Industrial Center
$1.5+ million ~ 30,000 square feet
19

Ace Recycling
Sustainability Park
$6 million ~ 69,000 square feet ~ 30 employees
20

Mazda Motor Corporation
Enterchange @ Walthall
$1.6 million ~ 133,000 square feet ~ 20 employees
21

GlaxoSmithKline
Enterchange @ Walthall
$2.27 million ~ 262,000 square feet ~ 45 employees
22

Developments
2008
23

Watkins Centre
Village Bank building
33,000 of 72,000 square feet available
24

Watkins Centre
Westchester I building
17,003 of 56,810 square feet available
25

Stonebridge
New Urbanism
300,000 SF Retail & Office
500 Residential Units
Crosland
26

Stonebridge
27

Meadowville Technology Park
I-295 Interchange
Founders’ Building
28

James River Industrial Center
I-3 zoning
Rail access
Abundant power
Abundant water and sewer
I-95 access
Next to UPS
29

Numbers
Value of New Commercial Construction
Jobs in Chesterfield
121,942 jobs as of June 2008
Increase of 10,637 since 2003
Businesses in Chesterfield
7,423 businesses as of June 2008
Increase of 1,021 since 2003
30

Economic Development Results in 2008
New Announced Investment: $138.3 million
Announced New Facilities: 11 projects
Announced Expansions: 6 projects
Announced New Jobs: 668
Existing Industry Calls: 111
Active Prospects: 127
31

Snapshot Comparison 2007 to 2008
Investment up $82.95 million or 150%
Announced new jobs up 30%
Existing industry calls up 78%
Active prospects up 32%
32

Existing Industry Success Story
Business First Chesterfield
Premier Pet Products teamed with
Scratch & Newton from UK
33

Marketing Initiatives
2007-2008
34

Branding Campaign
Billboards Radio
Print Web
35

ChesterfieldBusiness.com
36

Future Marketing Efforts
Search engine targeted marketing
Trade shows in targeted markets
Marketing missions to targeted areas
Utilize existing industry ambassadors
37

Business Starts Here
38