The document summarizes the economic development department of Chesterfield County, Virginia. It discusses that they have a staff of 9 professionals who work to attract and support small businesses. It notes that over 99% of Chesterfield businesses are small, defined as having 250 employees or less. The department provides various programs to encourage business attraction, expansion, startups, and retention with a focus on key industries like advanced manufacturing, logistics, retail, and food manufacturing. Recent statistics show job and business growth in Chesterfield from 2009-2014.

1. 2016

2. Who
We Are
What
We Do
How
We Do It
Why
We Do It

3. Staff of Nine Economic Development Professionals

4. What percentage of
all businesses are
small businesses?
In Chesterfield…

5. "Small business" means a business that is at least 51 percent
independently owned and controlled by one or more individuals
who are U.S. citizens or legal resident aliens and, together with
affiliates, has 250 or fewer employees or average annual gross
receipts of $10 million or less averaged over the previous three
years. One or more of the individual owners shall control both the
management and daily business operations of the small business.
Small Business Definition
Code of Virginia § 2.2-1604

6. 0.13%
0.10%
0.34%
0-249
99.43%
0-249 250-499 500-999 1000+
Percentage of
Total Number of
Establishments
By Range of the
Number of Employees

7. Of 7,880 Businesses
in Chesterfield
Only 45 have 250 or
more employees.

8. In Chesterfield nearly…
All Business Is
Small Business

9. Economic
Development
Programs & Services
Support and
Encourage Small
Business

10. Business Attraction Program
Domestic and International
Marketing Missions Target Small
Businesses Poised for Growth

11. Target Marketing Sectors
Office — Corporate HQ’s and finance, securities & insurance firms
Life sciences — R&D and pharmaceutical manufacturing
Information technology — Data and digital communications
Advanced materials — Materials and chemical manufacturing
Advanced manufacturing — Technology driven manufacturing
Distribution & logistics — Food and non-food products
Retail — Market to unique developments
Food — Manufacturing and packaging

12. Business Expansion &
Business Retention Program
Assisting Existing Businesses Key
Component of Daily Operations
Business Start-Up Assistance
Workshops and Seminars
Site Selection Assistance
Permit Process Guidance
Access to Capital
Procurement Opportunities
Business Counseling

17. Economic Development Authority

18. Meadowville Technology Park

19. Northrop Grumman Connected Here

20. Amazon Connected Here

21. Capital One Connected Here

22. Medline Connected Here

24. Stonebridge

25. Kroger Marketplace

26. Small Shop Retail

27. Apartments & Small Shop Retail

28. By the numbers…
How are we doing?

29. Jobs & Businesses
Jobs in Chesterfield
124,365(2014)
Net Increase of 9,586(from 2009)
Businesses in Chesterfield
7,827(2014)
Net Increase of 398(from 2009)
A Record High!

31. New Investment
Projects & Jobs FY-2015-2016
New Announced Investment:
$49.9 M
Announced New Facilities:
8 projects
Announced Expansions:
2 projects
Announced New Jobs:
1,044

33. Growth Sectors

34. Advanced Manufacturing

35. Distribution & Logistics
Chesterfield ranked as the top location on the East Coast. - The Boyd Co.

36. Retail

37. Food Manufacturing

38. Why?

41. QUESTIONS?