Why Williamson?

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The business case for Williamson County, Tennessee

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Why Williamson?

  1. 1. 1320 West Main Street, Suite 120 Franklin, TN 37064 Matt Largen, Director 615.261.2880 [email_address]
  2. 2. The Business Case for Williamson County, Tennessee
  3. 3. Williamson County Nashville, TN Accessibility Easy access to east coast population centers <ul><li>A day’s drive from 75% of the U.S. </li></ul><ul><li>Interstate 65 and Highway 840 </li></ul><ul><li>run through Williamson County </li></ul><ul><li>I-40 and I-24 surround and </li></ul><ul><li>connect creating a grid for easy </li></ul><ul><li>accessibility and transportation </li></ul><ul><li>30 minutes from International </li></ul><ul><li>Airport serving 48 non-stop </li></ul><ul><li>markets per day </li></ul>
  4. 4. Workforce Current strong labor situation Nashville Region Williamson County Labor force 813,820 Unemployment rate 8.2% Labor force 89,640 Unemployment rate 6.6% Tennessee Labor force 3,077,400 Unemployment rate 9.1% Source: Tennessee Department of Labor and Workforce Development, October 2010
  5. 5. Available Workforce Population doubled since 1997 Source: US Census Bureau and Demographics Now 1990 Census 2000 Census Spring 2010 Estimate 2015 Projection Total Population 81,020 126,638 180,891 212,352 Total Households 27,927 44,725 61,893 70,429
  6. 6. Available Workforce Second highest population growth Source: US Census Bureau
  7. 7. Available Workforce Growth through in-migration Source: Internal Revenue Service, 2008
  8. 8. Transfer Appeal Proven record of ability to relocate workforce Company 50% of financial service workforce From Tampa, FL, 2008 82% of workforce From California, 2006 42% of workforce 80% of executives From California, 2005 % of workforce that chose to relocate
  9. 9. Skilled Workforce Highly educated and well-skilled Source: Applied Geographic Solutions
  10. 10. Expanding Workforce History of growth Source: Tennessee Department of Economic and Community Development Research
  11. 11. Available Workforce Consistently lowest in Tennessee Source: Tennessee Department of Economic and Community Development Research
  12. 12. Workforce Signs of sustained economic strength Since 2000 Employment Growth Population Growth Unemployment Rate LOW + Corporate relocations, growth of existing industry, & entrepreneurial activity
  13. 13. Economic Diversity Risk is minimized through balance of sectors Source: U.S. Bureau of Labor Statistics, 2009 The location quotient is the ratio that compares the concentration of employment in a certain sector in Williamson County to the concentration of employment of that sector in the United States.
  14. 14. Corporate Image Over 200 companies with corporate functions
  15. 15. Major Employers Corporate Headquarters
  16. 16. Major Employers Health Care
  17. 17. Major Employers Information Technology
  18. 18. Public Education Number one priority of Williamson Co. K-8 K-8 9-12 9-12 Math Reading Math Reading 98% 98% 95% 97% 2009 Percent of students advanced or proficient, three-year average Source: 2009 Tennessee Department of Education school system report cards, No Child Left Behind Adequate Yearly Progress portion
  19. 19. Public Education Creating an educated workforce 2006 2007 2008 2009 Williamson County 91.0 93.4 93.8 95.3 Middle Tennessee 88.3 88.0 85.8 87.4 Tennessee 80.7 81.8 82.2 82.2 2006-2009 High school graduation rate Source: Tennessee Department of Education Report Card 2009
  20. 20. Public Education Creating an educated workforce Source: Newsweek 2010 5 schools in Williamson County were listed on Newsweek's Best High Schools list, more than any other county in Tennessee. America’s Best High Schools 2010 Newsweek picks the best high schools in the country based on how hard school staffs work to challenge 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. <ul><li>Brentwood High School </li></ul><ul><li>Ravenwood High School </li></ul><ul><li>Franklin High School </li></ul><ul><li>Fairview High School </li></ul><ul><li>Centennial High School </li></ul>
  21. 21. Low cost of doing business Local property tax rate ranges from $2.31 to $3.60 per $100 of assessed value 3 rd lowest county tax rate in Nashville region Ranks below the average Tennessee county tax rate No county rate increase in last 7 years No state income tax $
  22. 22. Rankings Consistently ranked near the top
  23. 23. Rankings Consistently ranked near the top One of the Best Cities for Startups 1. Boulder, CO 2. Boca Raton, FL 3. Santa Monica, CA 4. Bend, OR 5. Irvine, CA 6. Cambridge, MA 7. Bellevue, WA 8. Franklin, TN 9. San Francisco, CA 10. Rockville, MD Ranking by: ZoomProspector.com and Bloomberg Businessweek 2010
  24. 24. Rankings Consistently ranked near the top Williamson County ranked #1 in health outcomes, mortality, morbidity, health factors, health behaviors, and social/economic factors. - National County Health Rankings, University of Wisconsin's Population Health Institute and Robert Wood Johnson Foundation (2010) Healthiest County in Tennessee
  25. 25. Rankings Consistently ranked near the top Personal and Family Economic Well Being Williamson County ranks #1 in Tennessee with a perfect 10 Source: TACIR Fast Facts (2010)
  26. 26. Projected Sustained Growth 10%-20% projected growth in most areas
  27. 27. Start-Up Activity Healthy culture of entrepreneurship 30 of the 50 fastest growing private companies in the Nashville region from the 2009 Inc. 500║5000 are in Williamson County
  28. 28. The Home for Business 12 of the 25 Largest Publicly Traded Companies in the Nashville region call Williamson County home, including #1-#5 and 7 of the top 10
  29. 29. Headlines
  30. 30. Employer of Choice Evidence of strong applicant pool Received 40,000 applications for 700 jobs in 2005
  31. 31. 1320 West Main Street, Suite 120 Franklin, TN 37064 Matt Largen, Director 615.261.2880 [email_address]

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