E N E T H ANNUAL REPORT

Transcription

1 YOUR BUSINESS T H I OUR WORKFORCE S E X P R E I ANNUAL REPORT E N E C

2 LETTER FROM THE EXECUTIVE DIRECTOR & CHAIRMAN Dear Sheadoah Valley Partership Ivestors, The Sheadoah Valley Partership is your resource to explore ivestig i this regio ad coectig with key busiess, govermet, ad workforce leaders. Cotact our team today to lear more about the opportuities ad advatages for fidig your compay s future i the Sheadoah Valley. CARRIE CHENERY EXECUTIVE DIRECTOR ccheery@ thesheadoahvalley.com COURTLAND ROBINSON DIRECTOR OF BUSINESS DEVELOPMENT crobiso@ thesheadoahvalley.com CARI OREBAUGH COMMUNICATIONS MANAGER corebaugh@ thesheadoahvalley.com JEN WEAVER ADMINISTRATIVE COORDINATOR jweaver@ thesheadoahvalley.com The Sheadoah Valley Partership (SVP) has experieced aother year of mometum as we ve lauched forward, together, to rebrad our orgaizatio, reew our commitmet to our missio, ad distiguish our role i the future of this regioal ecoomy. Just as the Sheadoah Valley faces costat growth ad progressio, as does the SVP. Over the past 12 moths, we ve grow with vibrat ew staff, diversified ecoomic developmet prospect activity, ad a refocused olie presece that all cotribute to our ability to better showcase the may ecoomic assets of the Sheadoah Valley. The pages that follow covey the icredible collaboratio amog all stakeholders over the past year to advace our core missio: to brig ew busiess to the Valley, help existig busiesses expad, ad guide strategic workforce developmet for both ew ad existig busiesses. Regioally, we ve beefited from the aoucemet of more tha $96 millio i ew capital ivestmets ad 305 ew jobs, comig from the establishmet of ew busiess operatios ad the expasio of existig oes. We cotiue to refie our message to audieces aroud the world about the beefits of the Sheadoah Valley as a premier busiess locatio, ad compaies cotiue to see the positive returs o their ivestmets here. From behid the desk, o a plae, or i the field, we are usig our creative outreach marketig efforts to give site locatio cosultats, compaies, ad etrepreeurs the opportuity to see all our regio has to offer. Leveragig curret ecoomic opportuity; our collective public ad private marketig efforts; ad a refied focus o our core missio, our regio is beefitig from the highest volume of regioal ecoomic developmet prospect activity we've ever experieced. Through a shared, logterm visio, ad a regio-wide commitmet, we are seeig measurable results from tellig our story with oe voice to target audieces. May of the localities i SVP s footprit also gaied recogitio for sustaiable growth efforts through grat fudig over the course of the year. Cities, couties, ad higher educatio facilities up ad dow the Sheadoah Valley have bee the recipiets of Tourism, Site Developmet, Etrepreeurial Ecoomies, Collaborative Commuities, ad Workforce Developmet grats. Our regio s cotiued commitmet to the developmet of a strog workforce ca be see i milestoes like the 50th Aiversary of Blue Ridge Commuity College, ad the iitial disbursemet of talet-related GO Virgiia grats. I additio, we received widespread ackowledgemet for the regio with The Daily News-Record Busiess Joural s listig of our Executive Director i 2017 as oe of the Top 10 uder 40 busiess leaders i the Sheadoah Valley. The regio is fortuate to have committed public ad private parters who choose to ivest i our eergetic ad forward-thikig orgaizatio. Through your support ad appreciatio for the importace of our iitiatives, we'll cotiue to ecourage compaies to grow their future i the Sheadoah Valley by brigig your busiess here, leveragig our workforce pipelie, ad ejoyig this experiece. Sicerely, Carrie H. Cheery Executive Director Sheadoah Valley Partership Dr. Joh Dowey Chairma Sheadoah Valley Partership Board of Directors 2 Sheadoah Valley Partership Aual Report thesheadoahvalley.com

3 FY17-18 ANNOUNCEMENTS AND ECONOMIC ACTIVITY COMPANY NAME LOCATION BUSINESS DESCRIPTION NEW JOBS INVESTMENT (MM$) ComSoics, Ic. Augusta Couty Maufactures electric test equipmet ad repairs broadbad equipmet Provides US, Ic.* Augusta Couty Researches, develops, ad produces parts for the heat exchager idustry Sheadoah Valley Orgaics Harrisoburg Processes orgaic poultry 0 0 Old Hill Cider Rockigham Couty Produces hard cider Mohawk Idustries, Ic. Rockbridge Couty Maufactures ad creates floor products for ehaced residetial ad commercial spaces Hutchis ad Hutchis Augusta Couty Assembles ad distributes clea room supplies ad equipmet TruckVault Sheadoah Couty Maufactures secure storage uits ad boxes for passeger trucks DaoeWave Rockigham Couty Produces healthful dairy, plat-based products ad coffee creamers, ad beverages Blue Sprocket Media Group Harrisoburg Maufactures viyl records Ariake U.S.A., Ic.* Harrisoburg Maufactures quality stocks, bases, ad seasoigs for the food idustry Packagig Corporatio of America Harrisoburg Maufactures corrugated packagig Friedship Idustries, Ic. Harrisoburg Cotract packagig ad documet destructio 50 3 Stable Craft Brewig Augusta Couty Craft brewery Draftco Augusta Couty Machie ad fabricatio shop *idicates foreig affiliatio TOTAL 305 $96MM Durig the past year, the SVP fielded requests for iformatio that represeted a market demad of: Excess of 10 MILLION square feet Approximately $1 BILLION i potetial CAPEX More tha 5,500 JOBS Geerated leads icluded a diverse rage of idustry sectors ad subsectors, ragig from precisio maufacturig, IT, aerospace, plastics ad packagig, ad agriculture ad forestry 10% of activity was geerated through other sources or via local ecoomic developmet offices. 15% of activity was geerated through real estate / brokerage relatioships 40% of activity was geerated through the Virgiia Ecoomic Developmet Partership. 35% of activity was geerated through SVP lead iitiatives. thesheadoahvalley.com Aual Report Sheadoah Valley Partership 3

4 MARKET AND ECONOMIC OVERVIEW The Sheadoah Valley offers a readily traiable workforce ad a powerful cluster of employers rooted i maufacturig, agriculture ad logistics. Withi a 60 miute drive of the ceter of the Sheadoah Valley, there s access to a labor force of 348,648 workers, icludig more tha 47,000 veteras ad over 125,000 milleials. Four out of five of Virgiia s top agriculture producig couties are located here, makig the Valley the umber oe regio i the Commowealth for total value of agricultural products sold. Food ad Beverage productio is at the heart of the regio s maufacturig sector, employig over 16% of the Valley s labor force, more tha four times that of the atioal average. This robust agribusiess ad maufacturig fueled ecoomy is also supported by a healthy supply chai of Productio Techology & Heavy Machiery, Foldig Paperboard Box Maufacturig, Refrigerated Warehousig ad Storage, Plastics Products Maufacturig ad more. VALLEY QUICK FACTS 365, ,105 23, ,000 POPULATION EXTENDED CIVILIAN LABOR MARKET IN REGION MFG. WORKFORCE # OF COLLEGES, UNIVERSITIES & TECHNICAL CENTERS ACRES PUBLICLY CONTROLLED REAL ESTATE INDUSTRY JOB GROWTH WAREHOUSING AND STORAGE s 8% SNACK FOOD MANUFACTURING s 7% TRANSPORTATION AND WAREHOUSING s 2.3% CONSTRUCTION s 1.3% FORESTRY & LOGGING s 18.8% FABRICATED METAL PRODUCT MANUFACTURING s 3% CROP PRODUCTION s 8.3% 4 Sheadoah Valley Partership Aual Report thesheadoahvalley.com Photo by Pete Emerso

5 STATE OF THE ECONOMY I 2017, there were a total of 162,568 jobs i the Sheadoah Valley, a icrease of approximately 2,000 jobs relative to As of December 2017, uemploymet i the regio was 3.4%, ad average earigs per job were $45.2K. As the umber of jobs icreased, the labor force participatio rate held steady aroud 58%. As of Jauary 2018, there were a total of 6,789 uemployed people i the Sheadoah Valley, the majority of whom had previous work experiece i costructio, maufacturig, ad retail/food services. The regio s gross regioal product (GRP) i 2017 was $14 Billio. Imports i the regio were $19.7 Billio, ad exports totaled $16.6 Billio. As a share of gross domestic product (GDP) i 2017, aimal productio & processig, food maufacturig, beverage maufacturig, pharmaceutical medicie maufacturig, ad geeral freight truckig were some of the largest cotributors. $14.5 B $14 B $13.5 B $13 B $12.5 B $12 B $12,238,349,366 $12,477,366,228 $13,079,397,135 $13,734,804,984 $14,039,394, From 2016 to 2017, Gross Regioal Product (GRP) icreased by more tha 2% (+$304,589,966) Source: Emsi data based primarily o data from the Bureau of Ecoomic Aalysis (BEA) ad the Quarterly Cesus of Employmet ad Wages (QCEW) from the Bureau of Labor Statistics (BLS) C2ER COST OF LIVING INDEX - FIRST QUARTER 2018 The Cetral Sheadoah Plaig District Commissio ad Sheadoah Valley Partership joitly fud ad coduct the data survey for the Cost of Livig Idex for the Harrisoburg-Rockigham Metro, Stauto-Augusta-Wayesboro Metro, ad the Rockbridge-Lexigto-Buea Vista area. The Coucil for Commuity ad Ecoomic Research (C2ER) produces the Cost of Livig Idex to provide a useful ad accurate measure of livig cost differeces amog urba areas. The Cost of Livig Idex measures relative price levels for cosumer goods ad services i participatig areas. The average for all participatig places, both metropolita ad o-metropolita, equals 100. Each participat s idex is read as a percetage of the average for all places. The idex does ot measure iflatio, ad data from differet quarters caot be compared because the umber ad mix of participats chage quarterly. Metro/Micro Urba Area ad State 100% 13.47% 28.15% 9.9% 8.99% 4.5% 34.92% Composite Grocery Housig Utilities Trasportatio Health Misc.Goods Idex Items Care ad Services Harrisoburg VA Metro / Harrisoburg, VA Stauto-Wayesboro VA Metro / Stauto-Augusta Co. VA No-Metro US Lexigto-Buea Vista-Rockbridge VA Charlottesville VA Metro / Charlottesville VA Richmod VA Metro / Richmod VA Washigto-Arligto-Alexadria DC-VA-MD-WV Metro Div. Alexadria VA Arligto VA The idex is compiled by C2ER - The Coucil for Commuity ad Ecoomic Research thesheadoahvalley.com Aual Report Sheadoah Valley Partership 5

6 SHENANDOAH VALLEY INDUSTRY CLUSTERS Food & Beverage The Sheadoah Valley is home to a strog agricultural ecoomy, burgeoig OD & BEVERAGE agritourism assets, ad deep food ad beverage maufacturig expertise. 466 Fluid Milk 784 Sack Food 587 Fruit ad Vegetable Caig FOOD MANUFACTURING: Sheadoah Valley Employmet i Food Maufacturig is more tha 4x that of the atioal average. 5,215 Meat Processig 929 Cofectioery Maufacturig from Purchased Chocolate JOBS USTRY CLUSTERS SNACK FOOD: Sack Food Sector Employmet Projected to icrease 20% over ext 5 years SNACK FOOD MANUFACTURING GROWTH 44% INCREASE 5 YEARS FLUID MILK: 93% (37.5M) of all purchases made by Fluid Milk Maufacturers i the Valley are i-regio purchases 13,800 JOBS IN OTHER MANUFACTURING INDUSTRIES 9,200 JOBS IN THE FOOD & BEVERAGE INDUSTRY $40K 16%OF THE VALLEY S LABOR FORCE IS EMPLOYED IN THE MANUFACTURING SECTOR FOOD & BEVERAGE WORKERS AVERAGE ANNUAL WAGES Agriculture ad Forestry HVAC METALS The Sheadoah Valley is home to four of the top five agricultural couties i Virgiia producig more tha $1.2 billio aually i commodities sold. Some of the largest clusters of agricultural-related employmet i the Commowealth are located i the Sheadoah Valley. The Valley s employmet i Ag & Forestry is 50% above the atioal average, icreasig by 46% sice I 2017, total earigs i Ag & Forestry icludig wages, salaries, supplemets ad proprietor icome surpassed $208 Millio. Overall, this sector cotributed early $350 Millio to the Valley s GRP i Plastics, Packagig ad Pritig PLASTICS TECHNOLOGY METALS From idustrial ad persoal service As of 2017, primary ad fabricated metal paper wholesalers to commercial pritig, maufacturig employed over 2,000 plastics product maufacturig employs people i the Sheadoah Valley. Idustry over 1,200 people i the Sheadoah employmet i the regio icreased by 2.1% Valley, 107% above the atioal average from 2016 to for a regio of its size. HVAC Metals & Automotive The Sheadoah Valley is a cocetrated employmet ceter for heatig, air-coditioig, ad commercial refrigeratio equipmet maufacturig. Twety-six percet of the state s employmet i HVAC equipmet maufacturig is located i the Sheadoah Valley, accoutig for approximately 900 jobs. 6 Sheadoah Valley Partership Aual Report thesheadoahvalley.com

7 Trasportatio ad warehousig employs over 8,000 workers i the Sheadoah Valley, 55% above the atioal average for a regio of its size. Regioal employmet i this sector icreased by 2.5% from , sigificatly higher tha the state average of 0.8%. As of December 2018, there were 380 uemployed people i this sector, 2% above the atioal Trasportatio & Warehousig average. There are 137 miles of iterstate (I-81 & I-64) i the Sheadoah Valley, offerig 1-day truckig access to major markets. By sea, the Valley has access to the Ilad Port of Virgiia at the orther ed of our market ad is 200 miles to the Port of Virgiia s termials i Norfolk. By rail, service is provided by both CSX ad Norfolk Souther, as well as two locally owed providers, the Sheadoah Valley Railroad ad Buckigham Brach Railroad. ACCESS TO MAJOR MARKETS: 1 DAY TRUCK TO Chicago 700 Detroit 500 Bosto 500 Atlata 500 Nashville 600 Idiaapolis 500 Life Scieces All distaces are measured from the Sheadoah Valley Regioal Airport. Medical equipmet maufacturig, hospitals, outpatiet care, as well as diagostic laboratories employ over 6,500 people i the Sheadoah Valley. The Valley s employmet i the biopharmaceutical sector is 135% above the atioal average for a regio our size. thesheadoahvalley.com Aual Report Sheadoah Valley Partership 7

8 LEADERSHIP The Board icludes public officials ad busiess leaders represetig idustry sector ad regioal diversity. The Board of Directors oversees developmet ad implemetatio of regioal ecoomic developmet iitiatives ad provides a balaced approach to ecoomic growth ad stability. PRIVATE SECTOR Mr. Greg Campbell Mr. Toy Biller Mr. Scot Lilly Mr. Emmett Toms Mr. Keith May Mr. Greg Godsey Dr. Joh Dowey Mr. Chip Harvill Mr. Chris Kyle Dr. Lida Reviea Mr. Charles Hedricks Mr. Devo Aders PUBLIC SECTOR Ms. Caroly Bragg Mr. Noah Simo Mr. Greg Hitchi Mr. Robi Sulleberger Dr. Melissa Lubi Mr. Casey Armstrog Ms. Boie Riedesel Mr. Bria Shull Ms. Jea Frech Mr. Sam Crickeberger Mr. Eddy Hickli Ms. Rachel Moore Mr. Mark Stroupe Mr. Billy Vaugh EXECUTIVE COMMITTEE Dr. Joh Dowey Mr. Keith May Mr. Bria Shull Mr. Charles Hedricks Dr. Lida Reviea Mr. Greg Hitchi Executive Director, Sheadoah Valley Regioal Airport Presidet & CEO, Nielse Builders, Ic. Agribusiess/Farm Credit Express Specialist, Farm Credit of the Virgiias Maager, Exteral Affairs, Domiio Virgiia Power Ower, Cottowood Commercial Realty Seior Vice Presidet, Commercial Market Executive, Uio Bak & Trust Presidet, Blue Ridge Commuity College Vice Presidet, Cadece Vice Presidet of Idustry Relatios & Regulatory, Shetel Retired Superitedet, Stauto City Schools Pricipal, The Gaies Group Presidet, IterChage Group, Ic. Board of Supervisors, Couty of Augusta City Maager, City of Lexigto Ecoomic Developmet Director, City of Wayesboro Board of Supervisors, Couty of Highlad Dea of Outreach & Egagemet, James Madiso Uiversity Assistat Couty Admiistrator, Couty of Rockigham Executive Director, Cetral Sheadoah Plaig District Commissio Ecoomic Developmet Director, City of Harrisoburg Director of Tourism & Ecoomic Developmet, Couty of Sheadoah Director of Commuity Developmet, Rockbridge Couty Board of Supervisors, Couty of Bath Director of Ecoomic Developmet, City of Buea Vista Board of Supervisors, Couty of Page Director of Commuity & Ecoomic Developmet, City of Stauto Chair Vice-Chair Treasurer/Secretary Developmet Committee Chair Educatio & Workforce Chair Marketig Committee Chair OVERVIEW The Sheadoah Valley Partership (SVP) is a eergetic ad forward-lookig o-profit orgaizatio seekig to icrease ecoomic prosperity i the Sheadoah Valley. By providig a forum for cooperatio ad collaboratio through the Valley s couties ad idepedet cities, private-sector busiesses, ad educatioal istitutios, the SVP: Ecourages busiesses to establish operatios i the Sheadoah Valley through capital ivestmets ad job creatio Serves as a advocate for the expasio of existig busiess facilities Assists with regioal workforce developmet efforts UNIVERSITY-BASED ECONOMIC DEVELOPMENT The Sheadoah Valley Partership serves as a catalyst by utilizig JMU s resources to create mutually beeficial parterships ad advace educatioal opportuities. This strategic partership with the Departmet of Outreach & Egagemet esures a direct collaboratio amog the uiversity, busiesses, o-profit orgaizatios ad govermet. t The retur of Uited Express service to the Sheadoah Valley Regioal Airport coects customers with direct flight access to Uited s global etwork of flights through two major hubs Washigto-Dulles Iteratioal Airport ad Chicago O Hare Iteratioal Airport. Our parters, like James Madiso Uiversity, are usig this coveiet ad cost effective optio to coect their commuity ad outside visitors to destiatios across the world. 8 Sheadoah Valley Partership Aual Report thesheadoahvalley.com

9 SHENANDOAH VALLEY PARTNERSHIP QUICK FACTS 12 LOCALITIES SERVED 150 COMPANIES INVESTED 4 STAFF MEMBERS COMMITTED 3 COMMITTEES LEVERAGED 1 VALLEY REPRESENTED OUR CASE FOR MARKETING THE REGION: We market because It s by regio, ot by locality, that the site selectio decisio-makig process begis Idividual govermets ca realize greater efficiecies ad leverage local dollars with our parter localities We market to Improve the regio s local, atioal ad iteratioal image for doig busiess Promote attractive ecoomic policies ad programs to icetivize ivestmet Attract, retai ad promote the expasio of idustry Top Site Selectio Factors Availability of Skilled Labor Highway Accessibility Quality of Life Occupacy or Costructio Costs Available Buildigs Labor Costs Corporate Tax Rate Proximity to Major Markets State ad Local Icetives Eergy Availability & Costs Curret Activity: SVP completed 17 marketig campaigs i fiscal year 2018, leveragig outreach to our key audieces. We allocate our resources to a combied strategy targetig site, tax ad real estate cosultats; direct compay decisio makers i target idustries; ad research mied from premier ecoomic developmet software solutios. I the 6 moths of caledar year 2018 aloe, SVP used our collective resources to hold more tha 100 oe-o-oe meetigs with decisio makers i a doze differet markets aroud the Uited States. Leveragig (1) curret ecoomic opportuity, (2) our collective public ad private marketig efforts ad (3) a refied focus o our core missio, our regio is beefitig from the highest volume of regioal ecoomic developmet prospect activity we ve ever experieced, ad a 20% icrease i activity compared to this time last caledar year. New Resources: To support our busiess developmet message ad ehace our olie presece, SVP is lauchig as the domai ame for a refreshed website. This domai ame icludes the icoic ad recogizable Sheadoah Valley ad establishes our regio as the locatio to fid your future busiess locatio or grow your existig busiess. The ew website will tell #thesheadoahvalley #VABiz story to #ecodev cosultats across the globe of thrivig existig busiess, available #sitesadbuildigs & cotagious #etrepreeurial spirit. thesheadoahvalley.com Aual Report Sheadoah Valley Partership 9

10 Oe of ie GO Virgiia Regios i Virgiia, Regio 8 represets the Sheadoah Valley of Virgiia ad icludes the couties of Augusta, Bath, Clarke, Frederick, Highlad, Page, Rockbridge, Rockigham, Sheadoah, ad Warre; ad the cities of Buea Vista, Harrisoburg, Lexigto, Stauto, Wayesboro, ad Wichester. The Regioal Coucil cosists of 28 members ad is supported by the Cetral Sheadoah Plaig District Commissio (CSPDC) ad the Norther Sheadoah Valley Regioal Commissio (NSVRC). The Coucil represets small ad large busiesses, higher educatio istitutios, K-12, local govermet, ad other commuity leaders. GO VIRGINIA FIVE TARGETED INDUSTRIES I the past year, GO Virgiia Regio 8 fuded talet-related projects to provide ifrastructure ad traiig to fill high-wage, high-demad idustries. I February, fudig for the Rockbridge Area Advaced Maufacturig Program (RAAMP) was approved. RAAMP is a 40-week traiig program for welders at Byers Techical Istitute, a ew techical traiig ceter i Rockbridge Couty. The program is desiged to meet the critical shortage of skilled welders i the regio. The $200,000 eeded to implemet RAAMP will iclude a mix of GO Virgiia fuds ad matchig public/private ivestmets from the Rockbridge Couty Ecoomic Developmet Authority, the City of Buea Vista, ad Byers, Ic. I Jue, GO Virgiia Regio 8 aouced that fudig for the public-private Cyber Security Workforce Developmet ad Jobs Program submitted i roud four of project grats to the state GO Virgiia Board was approved. This $200,000 project will allow Blue Ridge Commuity College (BRCC) to implemet a ew cybersecurity workforce developmet program i the Sheadoah Valley to grow high-wage, high-demad cybersecurity jobs. Full fudig for this project will iclude a mix of GO Virgiia fuds ad matchig public/private cash ad i-kid ivestmets from the cities of Harrisoburg ad Wayesboro, BRCC, ad a private cyber security parter i the regio, IovateTech. TO LEARN MORE VISIT: thesheadoahvalley.com/govirgiia govirgiia/org/regios/eight dhcd.virgiia.gov/idex.php/go-virgiia.html 10 Sheadoah Valley Partership Aual Report thesheadoahvalley.com

11 INVESTORS LOCALITIES Couty of Augusta Couty of Bath City of Buea Vista City of Harrisoburg Couty of Highlad City of Lexigto Couty of Page Couty of Rockbridge Couty of Rockigham Couty of Sheadoah City of Stauto City of Wayesboro DIAMOND LEVEL INVESTORS IterChage Group, Ic. PLATINUM LEVEL INVESTORS Daiki Applied Domiio Virgiia Power Farm Credit of the Virgiias James Madiso Uiversity Nielse Builders, Ic. PBMares, LLP Shetel Uio Bak & Trust GOLD LEVEL INVESTORS BB&T Cottowood Commercial Realty Froehlig & Robertso, Ic. Latz Costructio Compay Setara RMH Medical Ceter SILVER LEVEL INVESTORS Adros Foods North America Adams & Garth Staffig Alliace Egieerig Ic Augusta Cooperative Farm Bureau Augusta Health Ball Advaced Alumium Techologies Corp Balzer ad Associates Bak of America Bak of the James Blue Ridge Architects Blue Ridge Isurace Services, Ic. Blue Ridge Lumber Brach & Associates, Ic. Cadece, Ic. Cathcart Group Classic Kitche & Bath Columbia Gas CorerStoe Bak DASCOM Americas Corporatio Devils Backboe Brewig Compay Draper Ade Associates DuPot Commuity Credit Uio Dyamic Aviatio Eddie Edwards Sigs Elk Logistics F&M Bak FirstBak First Bak & Trust Compay Friedship Idustries Fukhouser Real Estate Group GENEDGE Alliace Hampto I & Suites Woodstock, VA Harma Costructio Harrisoburg Electric Commissio Howard Shockey & Sos, Ic. Kaawha Stoe Compay Kjellstrom+Lee LD&B Isurace ad Fiacial Services Lehart Pettit Lumos Networks Massautte Resort Mathers Costuctio McClug Compaies McKee Foods Merck & Compay MillerCoors NIBCO Ic. Racey Egieerig Railside Eterprises Rexord Gear Rockigham Cooperative Farm Bureau Rockigham Group Route 11 Potato Chips Sheadoah Valley Electric Cooperative Sheadoah Valley Regioal Airport Skylie Roofig Specer Home Ceter SRI Iteratioal Superior Cocrete Suyside Commuities SW Fuk Idustrial Cotractors Sysco The Gaies Group The Power Coectio Timmos Group Triagle Realtors Turer Log Costructio Uited Bak Valley Egieerig Valley Idustrial Pipig Vector Idustries Virgiia Eagle Distributig Virgiia Poultry Growers Cooperative Wells Fargo Wharto, Aldhizer & Weaver White's Travel Ceter, LLC WHSV-TV3 BRONZE LEVEL INVESTORS Advace Plaig Associates Appeal Productio Blue Ridge Safety Associatio Bradford Staffig Brothers Craft Brewig Cave Hill Corporatio Chiedo Labs Crescet Developmet CrossKeys Vieyards Cville Real Estate & Costructio Ecosystem Services LLC ECS Eterprise Holdigs Evirometal Stadards Excel Heatig ad Coolig George Pace ItraPac IT Decisios Kevi Blackbur Photography Lieage Architects M.G. Newell Pale Fire Brewig Quee City Creative Secure Futures Sheadoah Valley Builders Associatio Sheadoah Valley Railroad Co. Sheadoah Valley Techology Coucil Thalhimer t The Highlad Ceter Virgiia Natioal Bak Washigto Gas INTRODUCTORY INVESTORS Bear Creek CHEFS Caterig CUED-I Debigh & Associates Gravity Group Rockydale Quarries Corporatio Skyler Iovatios Speyside Bourbo Cooperage, Ic. Stauto Iovatio Hub EDUCATION & WORKFORCE INVESTORS Blue Ridge Commuity College Bridgewater College Byers Techical Istitute Dabey S. Lacaster Commuity College Easter Meoite Uiversity Fishbure Military School Lord Fairfax Commuity College Mary Baldwi Uiversity Massautte Techical Ceter Washigto & Lee Uiversity Over 100 public ad private ivestors ejoyed our Sprig Coect Evet at Mary Baldwi Uiversity s Murphy Demig College of Health Scieces. thesheadoahvalley.com Aual Report Sheadoah Valley Partership 11

12 FIND YOUR FUTURE IN THE SHENANDOAH VALLEY SHENANDOAH ROCKINGHAM MSA 81 HARRISONBURG 211 PAGE HIGHLAND 250 AUGUSTA New York, NY 375 MILES 220 BATH 64 STAUNTON 64 WAYNESBORO MSA Washigto, DC 150 MILES Richmod, VA 130 MILES LEXINGTON BUENA VISTA ROCKBRIDGE Atlata, GA 500 MILES LOCALITY PARTNERS COUNTIES Augusta Bath Highlad Page Rockbridge Rockigham Sheadoah CITIES Buea Vista Harrisoburg Lexigto Stauto Wayesboro PHYSICAL 220 Uiversity Boulevard ADDRESS: Suite 2100 Harrisoburg, Virgiia MAILING P.O. Box 2241 ADDRESS: Harrisoburg, Virgiia Sheadoah Valley Partership