Economic Development 2019 Report to City Council
ECONOMIC DEVELOPMENT “Manassas is an economically thriving City where a combination of an entrepreneurial spirit, an involved business community and a supportive economic development presence result in growing businesses, a thriving active community, and a strong sense of place and identity.” Patrick J. Small, CEcD Nicole Smith, CEcD Director of Economic Development Economic Development Coordinator
WHAT WE DO Retention. Attraction. Marketing. Tourism.
DEMOGRAPHICS Population: 41,641 Median HHI: $78,462 Employed Civilian Labor Force: 21,993
ECONOMIC INDICATORS 12 th highest weekly wages 4 th highest for professional and technical services 16th highest per capita income Net importer of labor: 18,416 commute into the City
ECONOMIC INDICATORS Major Employers Largest Employers Type of Operation Estimated Number of Employees Micron Technology Memory Chip Manufacturing 1,511 Novant Health UVA Health System Hospital/Health Care 1,297 Lockheed Martin Electronic Design & Manufacturing 1,181 Manassas City Public Schools K-12 School System 1,061 City of Manassas Local Government 493 American Disposal Service Trash & Refuse Removal 415 BAE Systems Electronic Design & Manufacturing 370 S.W.I.F.T. Financial Messaging Service 285 Aurora Flight Sciences Remote Control Aircraft Design & Manufacturing 257 ARS (American Residential Services) Plumbing and HVAC Service 193 Source: City of Manassas Economic Development Department, December 2019
Source: PW Chamber of Commerce
ECONOMIC INDICATORS Meals and Sales Tax Revenue $10,000,000 $9,000,000 $8,000,000 $7,000,000 $6,000,000 Sales Tax $5,000,000 Meals Tax $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 Source: City of Manassas 2019 Comprehensive Annual Financial Report (CAFR)
ECONOMIC INDICATORS
ECONOMIC INDICATORS
ECONOMIC INDICATORS Industrial/Flex Vacancy: City is out-performing the region in demand
ATTRACT AND RETAIN PRIVATE SECTOR JOBS Directly supported 129 businesses Assisted 62 existing businesses of which 23 made capital investments or added employees Worked with 67 prospective businesses of which 15 chose to locate in Manassas ED Coordinator met with 105 business throughout the City across all sectors and of all sizes 2 people touched 234 businesses
MICRON
HIGH PURITY SYSTEMS 30 Years in the City
APPLIED MATERIALS
MANASSAS REGIONAL AIRPORT
CHANTILLY AIR 30 Years in the City
CHANTILLY AIR
THE LANDING AT CANNON BRANCH 40 acres. $150M. Mixed use development.
TRU BY HILTON - Opening Summer 2020
BUCHANAN PARTNERS - 20,000 SF OFFICE
STANLEY MARTIN
MESSENGER PLACE 30 Years in the City
HASTINGS MARKETPLACE 30 Years in the City
EFFORTS TO IMPROVE COMMERCIAL CORRIDORS Façade and Landcape Improvement Grant Program Highly successful programs continue to result in private investment in real property Since inception $255k in grants have resulted in over $2.75m in CapEX 10:1 ratio private to public investment
MATHIS AVENUE STREETSCAPE PROJECT Completed: Concept Plan and 10% Design Underway: Survey of corridor **Submitted application for federal BUILD grant in July to fund entire project, including construction, but was not awarded. (no projects in VA were funded)
INCREASE VISITORS TO SPECIAL EVENTS
MARKETING
ENHANCED MARKETING EFFORTS
MOVETOMANASSAS.ORG
ANNUAL OBJECTIVES 1. Track and report on economic indicators in the commercial market 2. Assist 20 new businesses in locating to Manassas and 10 existing to expand 3. Exceed 500,000 visitors to special events 4. Attract increased investment at the Landing at Cannon Branch 5. Refine and enhance economic development marking initiatives 6. Conduct an annual Business Appreciation Event 7. Complete design work on a demonstration project for Mathis Avenue Streetscape 8. Complete design of 80,000sf office building at the Landing
Patrick Small Economic Development Director psmall@manassasva.gov 703.257.8881
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