Shenandoah Valley, Virginia - .Shenandoah Valley, Virginia ... The centrally located city of Staunton

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  • Shenandoah Valley, Virginia

    VIRGINIA ECONOMICDEVELOPMENT PARTNERSHIPwww.YesVirginia.org

  • Only a few locations can guarantee the right combination of resources that are crucial to your businesss success. Virginias premier locationoffers excellent domestic and international access. Centrally located on the U.S. East Coast, 40 percent of the U.S. population is within a daysdrive, and our integrated transportation system of highways, railroads, airports and seaports ensures that you can reach every one of yourmarkets efficiently. Close proximity to Washington, D.C. facilitates contact with policy makers and the federal government system.

    Virginia continues to rank among Americas leading states for business by CNBC and Forbes.com. Business-first values, easy access tomarkets, stable and competitive operating costs, and a talented workforce all drove Virginia to the top. This unique combination of assets hasencouraged businesses to prosper here for more than 400 years. Like you, they searched the world over for that convergence of resources thatwould help ensure their prosperity. For them, their search ended here. Chances are yours will too.

    AAA bond rating- Virginia has maintained a AAA rating since 1938, longer than any other state. Right-to-work law allows individuals the right to work regardless of membership in a labor union or organization. Corporate income tax rate of 6% has not been increased since 1972. Headquarters to 35 Fortune 1000 firms. Headquarters to 52 firms each with annual revenue over $1 billion. More than 17,300 high-tech establishments operate in Virginia. More than 700 internationally-owned businesses from 45 countries are located in Virginia. Ranks third among the 50 states as a recipient of federal R&D funds. Streamlined permitting process. Recruitment training programs to help new businesses become operational faster. Programs at little or no cost to help businesses increase international sales.

    Community Profile Shenandoah Valley

    State Map

    VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP 1Every reasonable effort has been made to assure the accuracy of this report through the use of standardized, reliable data sources, including the community.However, the Partnership provides this information as is, and therefore, assumes no liability arising from the use of this report or data.

  • The Shenandoah Valley is located in the heart of the historic and scenicShenandoah Valley of west-central Virginia. The region is comprised of sevencounties (Augusta, Bath, Highland, Page, Rockbridge, Rockingham, andShenandoah) and five independent cities (Buena Vista, Harrisonburg,Lexington, Staunton, and Waynesboro). This 4,264-square mile region isplentiful in natural resources and has a strong base in tourism, as well asretail, commercial, and industrial development.

    Interstates 64 and 81 provide easy access to the Ports of Hampton Roads andthe Virginia Inland Port at Front Royal.

    The centrally located city of Staunton is 153 miles southwest of Washington,D.C.; 108 miles northwest of Richmond, the state capital; and 87 miles north ofRoanoke.

    The Shenandoah Valley is located in theheart of the historic and scenicShenandoah Valley of west-centralVirginia.

    Community Profile Shenandoah Valley

    Location

    VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP 2Every reasonable effort has been made to assure the accuracy of this report through the use of standardized, reliable data sources, including the community.However, the Partnership provides this information as is, and therefore, assumes no liability arising from the use of this report or data.

  • PopulationGender Distribution (2014) Male FemaleShenandoah Valley 48.9% 51.1%Race/Ethnicity (2014)

    ClassificationProfile

    AreaExtended

    Labor AreaWhite 329,508 671,992Black 18,037 80,548Two or More 6,352 16,252Asian 4,531 16,713American Indian or Alaska Native 1,663 3,389Pacific Islander 245 481Hispanic (may be of any race) 22,763 35,253Median Age (2014)Augusta 45 yearsBath 49 yearsBuena Vista 37 yearsHarrisonburg 25 yearsHighland 56 yearsLexington 22 yearsPage 45 yearsRockbridge 49 yearsRockingham 41 yearsShenandoah 44 yearsStaunton 42 yearsWaynesboro 38 years

    Community Profile Shenandoah Valley

    Labor Market

    VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP 3Every reasonable effort has been made to assure the accuracy of this report through the use ofstandardized, reliable data sources, including the community. However, the Partnership

  • Civilian Labor Force (2015)Shenandoah Valley 175,060Extended Labor Market Area 389,304Total 564,364

    Labor Force Participation (2010-2014)Shenandoah Valley 59.7%Extended Labor Market Area 60.4%

    The Shenandoah Valley places a strongemphasis on developing a workforcetrained to meet the needs of Valleyemployers. The Shenandoah ValleyPartnership acts as a liaison betweenbusinesses and training providers toidentify training needs, obtain funding,and guide curriculum development.

    UnemploymentUnemployment Rate (July 2016)Shenandoah Valley 4.1%Extended Labor Market Area 4.1%Statewide 4.0%Unemployed (2015)Shenandoah Valley 8,124Extended Labor Market Area 18,088Total 26,212Underemployed (2nd Quarter 2016)Shenandoah Valley 20,997Extended Labor Market Area 50,546Total 71,543

    Community Profile Shenandoah Valley

    Labor Market

    VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP 4Every reasonable effort has been made to assure the accuracy of this report through the use of standardized, reliable data sources, including the community.However, the Partnership provides this information as is, and therefore, assumes no liability arising from the use of this report or data.

  • Commute Time (2010-2014)Worked from home 6,471 4.0%Under 15 minutes 55,831 36.2%15-24 minutes 47,684 30.9%25-34 minutes 24,695 16.0%35-44 minutes 8,149 5.3%45-59 minutes 8,374 5.4%Over 60 minutes 9,713 6.3%Mean Travel Time to Work (minutes)Augusta 24Bath 30Buena Vista 17Harrisonburg 15Highland 24Lexington 15Page 33Rockbridge 22Rockingham 22Shenandoah 31Staunton 19Waynesboro 19

    A high-quality educational system;inexpensive cost of living and doingbusiness; friendly, quiet communitiesand a scenic and unspoiled environmentare just a few of the qualities that makethe Shenandoah Valley an ideal place tovisit, live or do business.

    Additional Labor ResourcesHigh School Graduates Not Continuing (2014-2015) 764Two-Year College Graduates (Spring 2015) 4,072Two-Year College Enrollees (Fall 2015) 29,817Other College and University Graduates (Spring 2015) 30,677Total 65,330

    Community Profile Shenandoah Valley

    Labor Market

    VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP 5Every reasonable effort has been made to assure the accuracy of this report through the use of standardized, reliable data sources, including the community.However, the Partnership provides this information as is, and therefore, assumes no liability arising from the use of this report or data.

  • Career Readiness Certificate (01/01/2015-05/31/2016)Virginias Career Readiness Certificate (CRC) assists employers bycertifying that a recipient possesses core skills in applied math, reading forinformation, and locating information. The CRC certification is based onestablished Workeys assessment tests. Virginia uses a three-tieredapproach (bronze, silver, gold) to credentialing certificate holders that isbased on the recipients level of development skills.Shenandoah Valley 841Extended Labor Market Area 553Total 1,394

    The Shenandoah Valley offers anenvironment friendly to families andindustry.

    Educational AttainmentOn-Time Graduation Rate (Class of 2015) 91.4%Percentage of Shenandoah Valley population age 25+ who arehigh school graduates (2010-2014) 83.2%Percentage of Shenandoah Valley population age 25+ who haveearned a Bachelor's Degree or higher (2010-2014) 23.2%

    Community Profile Shenandoah Valley

    Labor Market

    VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP 6Every reasonable effort has been made to assure the accuracy of this report through the use of standardized, reliable data sources, including the community.However, the Partnership provides this information as is, and therefore, assumes no liability arising from the use of this report or data.

  • Employment by Sector* (4th Qtr. 2015)Agriculture Forestry Fishing and Hunting 1,851 1.3%Mining Quarrying and Oil and Gas Extraction 144 0.1%Utilities 446 0.3%Construction 7,384 5.1%Manufacturing 23,079 15.9%Wholesale Trade 4,208 2.9%Retail Trade 17,245 11.9%Transportation and Warehousing 7,281 5.0%Information 2,025 1.4%Finance and Insurance 2,611 1.8%Real Estate and Rental and Leasing 1,578 1.1%Professional Scientific and Technical Services 3,817 2.6%Management of Companies and Enterprises 1,533 1.1%Administrative and Support and Waste Management 4,383 3.0%Educational Services 3,656 2.5%Health Care and Social Assistance 16,944 11.7%Arts Entertainment and Recreation 1,684 1.2%Accomodation and Food Services 16,307 11.2%Other Services 3,820 2.6%Total Government 25,114 17.3%

    Federal Government 1,054 0.7%State Government 9,205 6.3%Local Government 14,855 10.2%

    Unclassified 122 0.1%Total 145,232 100.0%N.D. - Not Disclosed*By Business Establishment

    The Shenandoah Valley has long beenrecognized for a dedicated labor forcewith a strong work ethic and lifelongcommitment to learning.

    Community Profile Shenandoah Valley

    Labor Market

    VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP 7Every reasonable effort has been made to assure the accuracy of this report through the use of standardized, reliable data sources, including the community.However, the Partnership provides this information as is, and therefore, assumes no liability arising from the use of this report or data.