2015 Fall Meeting Program
Transcription
2015 Fall Meeting Program
The Charles County Economic Development Fall Meeting Are We On The Same Page Building Consensus Charles County Dept. of Economic Development 10665 Stanhaven Place, Suite 206 • White Plains, Maryland 20695 www.MeetCharlesCounty.com Thank you to our 2015 sponsors. p.2 www.MeetCharlesCounty.com Charles County Department of Economic Development Receives International Excellence Award The Charles County Department of Economic Development is the recipient of the International Economic Development Council (IEDC) Excellence in Economic Development Bronze Award for its recently redesigned website, MeetCharlesCounty.com and branding. address new and longstanding challenges, these efforts continue to take on even greater importance. The award serves as a salute to pacesetting organizations like Charles County’s Department of Economic Development for leading the charge." The honor was presented at an awards ceremony on Tuesday, Oct. 6, during the 2015 IEDC Annual Conference, held Oct. 4-7, in Anchorage, Alaska. Charles County Economic Development launched the new website in April 2015, along with a new logo and tagline – “Charles County: Close to the Capital, Far from Ordinary,” to help better market the county as an attractive location for business investment, as well as to increase community pride and recognition of the county’s assets among the local community. Designed for corporate executives, site selection consultants and local businesses, the new website provides decision makers with information about the county’s economic climate, incentives, and resources for doing business in Charles County. Featuring an attractive design with easy navigation, the website includes features tailored to the economic development audience, such as a geographic information system (GIS) planning tool, easily accessible economic data, company testimonials, and a business support section for businesses already operating in Charles County. According to IEDC, recipients of IEDC's Excellence in Economic Development Awards demonstrate to an experienced panel of judges that they are at the forefront of the economic development profession. They are recognized as the world’s best economic development programs and partnerships, marketing materials, and the year’s most influential leaders. These awards honor organizations and individuals for their efforts in creating positive change in urban, suburban, and rural communities. “From localized community projects, to large scale endeavors, economic development efforts have played a vital role in the global economy,” said JoAnn Crary, CEcD, chair of the International Economic Development Council and president of Saginaw Future, Inc. “As we www.MeetCharlesCounty.com 2015 BRONZE p.3 WELCOME and thank you for participating in our 2015 Economic Development Fall Meeting. Your presence here today represents what this day is all about: partnership, collaboration, and consensus. There is a new energy in our community: new leadership, new priorities, a new focus on making Charles County the great community we know we can be. The potential is enormous, but we must work together in order to turn what is possible into reality. We all must be on the same page, and we must have a plan for how to get where we want to be. As most of you know, work on our strategic economic development plan is underway. The Competitive Realities Report, an assessment of our community from an economic development perspective, will be completed shortly after the first of the year. By early next spring, we will have a five-year plan with clear action steps that we can take together, as a community, to achieve the economic prosperity that our county has the potential to achieve. We look forward to presenting both of those reports to you once they are completed. More importantly, we look forward to taking the lead to implement the plan on behalf of the entire community. In order to succeed, we must build consensus, collaborate, and commit to an ongoing, sustained effort for which we are accountable and in which we are all partners. We hope that by the end of today’s Fall Meeting, we will all have a better idea of what that will look like. Thank you for your support, your trust, and your contribution to a strong economic future for Charles County, Maryland. 8:00 a.m. . . . . NETWORKING BREAKFAST 8:30 a.m. . . . . PROGRAM BEGINS Welcome Darrell A. Brown, Esq., Director Charles County Department of Economic Development County Government Michael D. Mallinoff, County Administrator Charles County Government Darrell A. Brown, Esq., Director Charles County Department of Economic Development SBA Resources & Partnership Natalia Olson-Urtecho, Regional Administrator U.S. Small Business Administration Dept of Commerce Reorganization & Collaboration with Counties Jayson Knott, Program Director, Business Development Maryland Department of Commerce The State of The Town of Indian Head & Community Support Brandon Paulin, Mayor Town of Indian Head Building Consensus Business Community Partnership Sue Greer, Chair Charles County Chamber of Commerce 10:20 a.m. . . . BREAK 10:30 a.m. . . . KEYNOTE ADDRESS Are We on the Same Page: Understanding What Makes Good Communities Great Sincerely, Darrell A. Brown, Esq. 11:40 a.m. . . . FINAL COMMENTS Director p.4 Today’s Agenda Jay Garner, Principal, Garner Economics, LLC Darrell A. Brown, Esq. www.MeetCharlesCounty.com Table of Contents COMMUTER ZONE DATA. . . . . . . . . . . . . . 6-7 Population RESIDENT WORKFORCE. . . . . . . . . . . . 12-17 COUNTY BUSINESS . . . . . . . . . . . . . . . . 18-21 Population Age Distribution Top Places of Work for Charles County Residents Place of Residence for Charles County Employees Educational Attainment Class of Worker Business Patterns Median Household Income Civilian Labor Force Private Employment by Zip Code Occupations Unemployment Rate Nonemployer Businesses Educational Attainment Naval Support Facility Indian Head FY14 Employment Data CHARLES COUNTY: GENERAL. . . . . . . 8-11 Population Detailed Field of Bachelor’s Degree for First Major DLLR Employment and Payroll Population Distribution Median Earnings: Full-Time, Year-Round Workers Median Household Income Median Earnings by Educational Attainment Housing Household Spending Occupation Groups of the Civilian Employed Population Commercial Households Gross County Product Demographics for Waldorf, Bryans Road, La Plata, Indian Head REAL ESTATE. . . . . . . . . . . . . . . . . . . . . . . 22-23 Industries of the Civilian Employed Population ECONOMIC DEVELOPMENT STAFF Darrell A. Brown, Esq. Director BrownD@MeetCharlesCounty.com Lacey Oliver Office Associate OliverL@MeetCharlesCounty.com Debra Jones, MSRE Business Development Manager for Attraction & Recruitment JonesD@MeetCharlesCounty.com www.MeetCharlesCounty.com Marcia Keeth Business Development Manager for Retention & Expansion KeethM@MeetCharlesCounty.com Victoria Jessie WURC Coordinator JessieV@MeetCharlesCounty.com Claudia Bellony-Atanga, MBA Economic Research Specialist BellonyC@MeetCharlesCounty.com Jennifer Reginald Marketing & Communications Specialist ReginalJ@MeetCharlesCounty.com p.5 Commuter Zone Data n4 5 Mi n u s! W hi te it 0-45 Minutes Commute: Intersection of US-301 & SR-228 (Waldorf, MD) Population 2019 Projection 3,479,163 2014 Estimate 3,268,181 2010 Census 3,096,625 2000 Census 2,826,425 Growth 2014-2019 6.46% Growth 2010-2014 5.54% Growth 2000-2010 9.56% 2014 Population Age Distribution d ate 6.5 m sti e: 3 4 E n Ag 1 20 dia Me 600,000 500,000 400,000 300,000 200,000 100,000 0 0 to 4 5 to 9 10 to 14 15 to 17 18 to 20 21 to 24 25 to 34 35 to 44 45 to 54 55 to 64 65 to 74 75 to 84 85+ 205,296 199,719 185,305 114,757 137,340 173,888 547,147 468,166 464,950 391,603 230,081 105,054 44,875 6.3% 6.1% 5.7% 3.5% 4.2% 5.3% 16.7% 14.3% 14.2% 12.0% 7.0% 3.2% 1.4% Source: www.meetcharlescounty.com/datacenter/commute-zone-data/ p.6 www.MeetCharlesCounty.com Commuter Zone Data $84,086 0-45 Minutes Commute: Intersection of US-301 & SR-228 (Waldorf, MD) 2014 Educational Attainment 2014 Estimated Employed Population Age 16 and Older by Occupation Population: 25 Years and Older Total 2,251,876 100% Less than 9th grade 117,819 5.20% Some High School, no diploma 136,397 6.10% High School Graduate (or GED) 469,027 20.8% Some College, no degree 400,201 17.8% Associate Degree 118,158 5.3% Bachelor’s Degree 525,134 23.3% Master’s Degree 330,910 14.7% Professional School Degree 97,207 4.3% Doctorate Degree 57,023 2.5% 2014 Employment Status Civilian-Employed 65% Population 16 Years and Older Not in Labor Force 28% In Armed Forces 1% www.MeetCharlesCounty.com 2014 Estimated Median Household Income in the Commuter Zone Civilian-Unemployed 6% 1,759,358 100% Office and Administrative Support 229,707 13.10% Management (Including Farmers and Farm Managers) 217,898 12.40% Business and Financial Operations 147,759 8.40% Sales and Related Occupations 138,298 7.90% Computer and Mathematical 107,146 6.10% Education, Training, and Library 106,042 6.00% Food Preparation and Serving Related 84,000 4.80% Construction and Extraction 81,456 4.60% Healthcare Practitioners and Technical 72,465 4.10% Transportation and Material Moving 72,844 4.10% Building and Grounds Cleaning, and Maintenance 69,957 4.00% Legal 62,724 3.60% Protective Service 57,745 3.30% Service : Personal Care and Service 58,740 3.30% Arts, Design, Entertainment, Sports, and Media 54,552 3.10% Installation, Maintenance, and Repair 40,478 2.30% Architecture and Engineering 32,246 1.80% Community and Social Services 31,879 1.80% Healthcare Support 31,045 1.80% Life, Physical, and Social Science 31,466 1.80% Production 30,911 1.80% Source: www.meetcharlescounty.com/datacenter/commute-zone-data/ p.7 Charles County: General 54,600 Households in Charles County 225,000 Total Population 200,000 75.5% are Family households 24.5% are Non-family households 175,000 51.8% Are Married-Couple Family 18.6% Female Householder, No Spouse Present, Family 5.1% Male Householder, No Spouse Present, Family 20.5% Householder Living Alone 22.9% With Own Children Age 18 and Younger 11.4% With Own Children Age 18 and Younger 2.7% With Own Children Age 18 and Younger 6.6% Are 65 Yrs and Older 150,000 125,000 Total population 2010 2015 2020 2025 2030 2035 2040 147,086 157,100 174,350 190,650 202,150 212,300 220,850 2014 Population Age Distibution 18.0% 2014 Me d Est ima te ian A ge: 3 d 8.4 16.0% 14.0% 12.0% 10.0% 8.0% 6.0% Source: US Census Bureau Population Estimates, 2014 4.0% 2.0% 0.0% p.8 Source: US Census Bureau, 2014 American Community Survey -5 5 to 9 10 to 14 15 to 19 20 to 24 25 to 34 35 to 44 45 to 54 55 to 59 60 to 64 65 to 74 75 to 84 85+ 6.0% 7.5% 7.0% 7.1% 6.8% 12.2% 14.3% 17.0% 7.2% 4.5% 6.4% 2.8% 1.2% Projections prepared by the Maryland Departmnt of Planning, July 2014. www.MeetCharlesCounty.com Charles County: General Entertainment Median Household Income $4,157 • 6% In 2014 Adjusted Dollars Transportation 2009. . . . . . . . . . . $94,507 $13,583 • 19% 2010. . . . . . . . . . . $93,187 Food & Beverages 2011. . . . . . . . . . . $96,140 $10,433 • 14% 2012. . . . . . . . . . . $93,457 2013. . . . . . . . . . . $90,163 2014. . . . . . . . . . . $88,803 Household Spending Transportation $13,583 Shelter $15,131 Household Operations $2,259 Furnishings $2,616 Utilities $5,185 Health Care $5,508 Personal Care $943 Personal Insurance $590 Contributions $3,534 Education $3,030 Entertainment $4,157 Food and Beverages $10,433 Apparel $2,578 Misc. Expenses $1,044 Tobacco Gifts Reading Total $387 $1,965 $163 Contributions Misc. Expenses $3,534 • 5% HOUSEHOLD SPENDING + Gifts, Reading, Tobacco $3,559 • 4% Health Care + Personal Care, Insurance $7,041 • 10% Shelter $15,131 • 21% Apparel $2,578 • 4% Education $3,030 • 4% Household Operations + Furnishings & Utilities $10,060 • 13% $73,106 Source: www.meetcharlescounty.com/main/customized-property-data-reports/ www.MeetCharlesCounty.com p.9 Charles County: General GDP Formula: = Personal Consumption+ Gross Investment+ Government Spending + (Exports-Imports) Gross County Product $8.00 In 2009 Inflation Adjusted dollars $6.00 In Billion s… $7.00 $5.00 $4.00 $3.00 $2.00 $1.00 $0.00 2009 2010 2011 2012 2013 2014 Imports of Goods and Services $6.46 $6.54 $6.61 $6.79 $6.96 $7.19 Personal Consumption Expenditures $4.85 $4.99 $5.04 $5.07 $5.19 $5.34 Exports of Goods and Services $3.48 $3.50 $3.38 $3.34 $3.42 $3.51 Gross Private Domestic Fixed Investment $1.14 $1.10 $1.16 $1.42 $1.47 $1.58 Government Consumption Expenditures and Gross Investment $1.09 $1.09 $1.09 $1.05 $1.02 $1.00 One of the Primary Indicators… GDP is used to gauge the economic health of an area (county, state, country). It represents the total dollar value of all goods and services produced over a specific time period. Source: US Bureau of Labor Statistics in the Office of Occupational Statistical and Employment Projections p.10 www.MeetCharlesCounty.com Charles County: General WALDORF LA PLATA Population (2015) 72,221 Population (2015) 8,955 Labor Force 41,532 Labor Force 4,595 Job Growth Rate (1 Year) 3.40% Job Growth Rate (1 Year) 1.50% Median Age 33.14 Median Age 39.71 Labor Force Labor Force Bachelor’s Degree or higher 33.30% Bachelor’s Degree or higher 34.20% High School Degree or higher 87.70% High School Degree or higher 88.10% White Collar Workers 70% White Collar Workers 70% Blue Collar Workers 29% Blue Collar Workers 29% Universities in Community 50 miles offering Bachelor’s Degree or Higher 68 Colleges in Community 50 miles offering Associate’s Degree or Certificate 54 Budgets Household Expenditures (Average) 74,174 Household Income (Median) 92,125 Budgets Household Expenditures (Average) 69,292 Household Income (Median) 86,071 BRYANS ROAD INDIAN HEAD Population (2015) 7,744 Population (2015) 4,154 Labor Force 4,365 Labor Force 2,222 Job Growth Rate (1 Year) -2.20% Job Growth Rate (1 Year) Median Age 19.60% 37.84 Labor Force Median Age 32.19 Labor Force Bachelor’s Degree or higher 20.50% Bachelor’s Degree or higher 19.10% High School Degree or higher 80.00% High School Degree or higher 82.70% White Collar Workers 67% White Collar Workers 67% Blue Collar Workers 32% Blue Collar Workers 32% Budgets Budgets Household Expenditures (Average) 65,256 Household Expenditures (Average) 62,654 Household Income (Median) 77,499 Household Income (Median) 68,675 www.MeetCharlesCounty.com Source: www.meetcharlescounty.com/main/ customized-property-data-reports/ p.11 Resident Workforce Top Places of Work for Charles County Residents Alexandria City VA 2% Calvert Co. MD 1% Montgomery Co. MD 2% Arlington Co. VA 3% Anne Arundel Co. MD 1% Other 3% St. Mary's Co. MD 4% Fairfax Co. VA 4% Charles Co. MD 40% District of Columbia DC 18% Prince George's Co. MD 22% Source: U.S. Census Bureau, Population Division p.12 www.MeetCharlesCounty.com Resident Workforce Class of Worker Civilian Employed Population 16 Years and Older Government workers 30% Private wage and salary workers 66% Civilian Labor Force Charles County Residents 16 years and Older Self-employed in own not incorporated business workers 4% 90,000 85,000 80,000 75,000 2014 Unemployment Rate 70,000 65,000 60,000 2009 2010 2011 2012 2013 2014 78,679 79,725 81,410 81,814 82,879 81,222 Source: U.S. Census Bureau, Population Division www.MeetCharlesCounty.com 2010 2011 2012 2013 2014 2015* United States 9.6% 8.9% 8.1% 7.4% 6.2% 5.4% Charles County 6.9% 6.6% 6.6% 6.4% 5.6% 5.1% Maryland 7.6% 7.2% 7.0% 6.6% 5.8% 5.4% Source: U.S Census Bureau, 2014 American Community Survey Source: Bureau of Labor Statistics, 2015. p.13 Resident Workforce Educational Attainment 2014 Detailed Field of Bachelor's Degree for First Major Population 25 Years and Older 2009 2010 2011 2012 2013 2014 33.0% 29.1% 33.0% 30.0% 32.4% 31.7% Some College, No Degree 25.2% 28.4% 23.0% 28.3% 24.4% 25.8% Associate's Degree 7.1% 6.8% 8.2% 7.6% 7.4% 8.2% High School Graduate (Includes Equivalency) Bachelor's Degree 15.50% 14.80% 18.30% 16.50% 17.70% 17.2% Graduate Or Professional Degree 10.00% 10.80% 9.40% 9.70% 9.80% Population 25 Years and Older with Bachelor's Degree or Higher Science and Engineering Related Fields, 2,444 9% Other, 1,859 7% Computers, Mathematics and Statistics, 2,562 9% Engineering 1,670 6% Psychology 1,094 4% 10.5% Liberal Arts and History, 1,037 4% Social Sciences 2,649 9% 2014 Educational Attainment Population 25 Years and Older Physical and Related Sciences, 967 3% 35.0% Visual and Performing Arts, 850 3% Biological, Agricultural, and Environmental Sciences, 822 3% 30.0% 25.0% Education, 3,006 11% 20.0% Communications 683 2% Literature and Languages, 570 2% 15.0% 10.0% Multidisciplinary Studies, 255 1% 5.0% 0.0% Business, 7,755 27% High school Some college, graduate (includes no degree equivalency) Associate's Degree Bachelor's Graduate or Degree professional degree Source: U.S. Census Bureau, 2014 American Community Survey p.14 www.MeetCharlesCounty.com Resident Workforce Median Earnings: Full-Time, Year-Round Workers In 2014 Inflation Adjusted Dollars In 2014 Inflation Adjusted Dollars 2014 Female Median Earnings by Educational Attainment Population 25 years and older $56,387 Male $67,942 $80,688 Graduate or Professional Degree 2013 Female Male $57,085 $62,270 $76,486 2012 Female Male $53,199 $61,945 2011 Female Male Male $52,246 Some College or Associates Degree $41,340 High School Graduate $45,337 Less than High School Graduate $59,915 $64,772 2010 Female $59,093 Male *Includes Equivalency $64,625 2009 Female Bachelor’s Degree $59,549 $64,626 Source: U.S Census Bureau, 2014 American Community Survey www.MeetCharlesCounty.com p.15 Resident Workforce Occupation Groups Civilian employed population 16 years and Older Management, business, science, and arts occupations, 44% Service occupations, 15% Production, transportation, and material moving occupations, 8% Sales and office occupations, 25% Natural resources, construction, and maintenance occupations, 8% Source: U.S. Census Bureau, 2014 American Community Survey p.16 www.MeetCharlesCounty.com Resident Workforce Manufacturing 2.70% Industries of the Civilian Employed Population Wholesale trade 1.50% Construction 6.50% Residents 16 Years and Older Public administration 18.80% Retail trade 10.50% Other services, except public administration 4.60% Transportation and warehousing, and utilities 4.90% Arts, entertainment, and recreation, and accommodation and food services 6.00% Educational services, and health care and social assistance 20.50% Information 2.50% Finance and insurance, and real estate and rental and leasing 5.20% Professional, scientific, and management, and administrative and waste management services 15.80% Source: U.S. Census Bureau, 2014 American Community Survey www.MeetCharlesCounty.com p.17 County Business Place of Residence for Charles County Employees 1% 1% 0% 1% 1% Charles Co. MD Alexandria city VA Anne Arundel Co. MD 10% Arlington Co. VA 0% Baltimore City MD Baltimore Co. MD Calvert Co. MD 9% District of Columbia DC Fairfax Co. VA Charles County 68% 68% 2% 0% 0% 1% 0% 3% 0% 0% Howard Co. MD King George Co. VA Montgomery Co. MD Prince George's Co. MD Spotsylvania Co. VA St. Mary's Co. MD Westmoreland Co. VA Other Source: U.S. Census Bureau, Population Division p.18 www.MeetCharlesCounty.com County Business County Business Patterns is an annual Census Bureau series on private industry employment. The series excludes data on self-employed individuals, employees of private households, railroad employees, agricultural production employees, most government employees, and a few small establishments that might get missed in the process. Private Employment by Zip Code Charles County 2013 County Business Patterns Total Establishments Paid Employees For Pay Period Including March 2,603 30,620 Retail trade 490 8,480 $50,786,000 $209,261,000 Construction 355 3,470 $39,682,000 $182,269,000 Health care and social assistance 319 4,775 $48,681,000 $204,904,000 Professional, scientific, and technical services 277 2,163 $32,526,000 Other services (except public administration) 276 1,847 Accommodation and food services 251 Finance and insurance 1st Quarter Payroll Number of Paid Establishments Employees Annual Payroll Annual Payroll Waldorf 20601 543 7209 $227,335,000 Waldorf 20602 423 5490 $226,910,000 Waldorf 20603 437 6328 $157,245,000 Waldorf 20604 24 355 $8,247,000 La Plata 20646 493 7301 $273,497,000 $134,388,000 White Plains 20695 184 1688 $79,802,000 $11,198,000 $47,334,000 Indian Head 20640 117 650 $28,266,000 4,835 $17,305,000 $73,348,000 Hughesville 20637 98 1094 $59,788,000 137 832 $12,930,000 $48,914,000 Bryans Road 20616 75 660 $16,606,000 Administrative and support and waste management and remediation services Port Tobacco 20677 33 258 $7,039,000 118 1,096 $8,859,000 $38,022,000 Newburg 20644 41 Unavailable Unavailable Real estate and rental and leasing 104 434 $3,704,000 $15,185,000 Nanjemoy 20662 19 593 $2,560,000 Wholesale trade 68 693 $7,221,000 $30,518,000 Pomfret 20675 13 65 $2,950,000 Transportation and warehousing 65 1,096 $8,245,000 $34,768,000 Bel Alton 20611 13 Unavailable $2,310,000 Manufacturing 41 e $4,682,000 $20,173,000 Marbury 20658 12 74 $1,280,000 Information 37 e $6,092,000 $23,404,000 Bryantown 20617 12 111 $4,437,000 Educational services 34 533 $3,047,000 $13,248,000 Faulkner 20632 11 55 $1,855,000 Arts, entertainment, and recreation 25 339 $980,000 $4,683,000 Benedict 20612 9 24 $412,000 Agriculture, forestry, fishing and hunting Issue 20645 8 Unavailable Unavailable 6 27 $128,000 $621,000 Cobb Island 20625 7 66 $1,345,000 Total for all sectors $256,066,000 $1,081,040,000 e = 250 to 499 employees. Source: US Census Bureau, County Business Patterns, 2013. www.MeetCharlesCounty.com p.19 County Business 2013 Nonemployer Businesses in Charles County Number of nonemployer establishments Annual Receipts Total for all sectors 9,632 $336,895,000 Other services (except public administration) 1,714 $44,024,000 Professional, scientific, and technical services 1,176 $37,089,000 Real estate and rental and leasing 1,027 $73,835,000 Construction 1,021 $62,453,000 Administrative and support and waste management and remediation services 972 $16,888,000 Retail trade 924 $23,865,000 Health care and social assistance 856 $22,190,000 Arts, entertainment, and recreation 557 $8,051,000 Transportation and warehousing 360 $16,764,000 Educational services 232 $2,126,000 Accommodation and food services 174 $4,807,000 Finance and insurance 145 $5,996,000 Manufacturing 123 $3,802,000 Wholesale trade 118 $7,865,000 Agriculture, forestry, fishing and hunting 113 $3,356,000 Information 113 $3,734,000 7 $50,000 Industry Utilities Nonemployer Statistics is an annual Census Bureau series that provides data for businesses that have no paid employees and are subject to federal income tax. Most nonemployers are self-employed individuals operating unincorporated businesses (sole proprietorships), which may or may not be the owner’s principal source of income. Source: U.S. Census Bureau, 2013 Nonemployer Statistics. p.20 www.MeetCharlesCounty.com County Business Naval Support Facility Indian Head, MD FY 2014 Employment Command/Activity Federal Civilian Employees DLLR Employment and Payroll for 2014 Military Contractor Personnel Employees** Naval Support Activity South Potomac * 160 8 2 NSWC Indian Head EOD Technology Division * 1,439 50 267 Average Annual Wage Per Worker Annual Average Employment Average Number of Reporting Units Total Wages TOTAL EMPLOYMENT $42,484 41,210 2,862 $1,751,788,873 GOVERNMENT SECTOR TOTAL $59,904 9,565 109 $572,746,029 Federal Government $98,176 2,168 31 $212,860,273 Local Government $49,504 6,826 69 $337,846,887 Joint Interoperability Test Command 61 15 107 State Government $38,584 571 9 $22,038,869 Chemical Biological Incident Response Force 4 496 13 PRIVATE SECTOR TOTAL ALL INDUSTRIES $37,284 31,645 2,753 $1,179,042,844 Naval Ordnance Safety & Security Activity 59 3 8 GOODS-PRODUCING $53,456 4,193 444 $224,175,320 Natural Resources and Mining $34,840 35 8 $1,220,231 Naval Sea Logistics Center, Indian Head 38 Construction $54,496 3,503 376 $190,934,700 Manufacturing $48,880 655 60 $32,020,389 SERVICE PROVIDING $34,788 27,452 2,308 $954,867,524 0 6 NAVFACWASH, PWD South Potomac Indian Head Site 169 4 4 Branch Medical Clinic 10 24 4 Trade, Transportation, and Utilities $31,876 10,627 660 338,933,603 NAVSUP Fleet Logistics Center 7 0 1 Information $57,980 333 21 19,309,540 Defense Logistics Agency Financial Activities $50,700 1,092 243 55,379,822 8 0 0 $60,060 3,243 473 194,842,837 Navy Exchange 9 0 0 Professional and Business Services Education and Health Services $41,704 5,232 369 218,289,909 1,964 600 412 Leisure and Hospitality $15,236 5,491 286 83,710,089 Other Services $30,940 1,434 256 44,401,724 Employment Totals by Category Employment Grand Total 2,976 * NSF Indian Head site only • ** Contractor personnel utilizing on-base work spaces Source: Naval Support Facility Indian Head Source: Department of Labor Licensing and Regulation www.MeetCharlesCounty.com p.21 Units Sold 2,500 Real Estate: Housing Average Sold Price Units Sold Sold Dollar Volume 2,000 2009 2010 2011 2012 2013 2014 1,500 $273,693 $257,677 $231,596 $239,249 $252,151 $256,555 1,000 1,378 1,548 1,669 1,533 1,880 1,952 500 $377,149,314 $398,884,244 $386,533,296 $366,768,505 $474,043,489 $500,795,192 0 2009 2010 Average Sold Price Sold Dollar Volume $280,000 $600,000,000 $270,000 2011 2012 2013 2014 $500,000,000 $260,000 $400,000,000 $250,000 $240,000 $300,000,000 $230,000 $200,000,000 $220,000 $100,000,000 $210,000 2009 2010 2011 2012 2013 2014 $0 2009 2010 2011 2012 2013 2014 Units Sold 2,500 2,000 1,500 1,000 500 0 p.22 2009 2010 Sold Dollar Volume $600,000,000 2011 2012 2013 2014 Source: Southern Marland Association of Realtors www.MeetCharlesCounty.com Real Estate: Commercial Top 10 2014 Commercial Deals Sale Price & Date Property Name Bldg SF Zoning Price Per SF Buyer Company $10,000,000 6/5/2014 Sheehy Nissan of Waldorf 36,947 Community Commercial $270.66 Sheehy Waldorf Property, LLC $4,950,000 12/31/2014 GlenEagles 23,028 Planned Unit Development $214.96 O'Donnell Lake Owner LLC $4,720,731 7/22/2014 Waldorf Town Center unavailable Community Commercial Unavailable Santay Realty Of Waldorf LLC $4,711,000 5/5/2014 Walgreens 14,490 Planned Unit Development $325.12 Wmd Wags-Owner Realty Assoc. $4,350,000 12/31/2014 Ken Dixon Auto 42,049 Community Commercial $103.45 B&G Real Estate Development LLC $4,350,000 12/31/2014 Waldorf Auto Outlet 15,655 Community Commercial $277.87 B&G Real Estate Development LLC $2,800,000 2/24/2014 unavailable 11,800 Central Business $237.29 Waldorf l LLC $2,425,000 4/24/2014 unavailable 2,400 Community Commercial $1,010.42 Heritage Family Holdings 3 LLC $1,920,000 4/15/2014 Waldorf Bowl Center 30,628 Community Commercial $62.69 Nellis Corporation Charles County Commercial and Residential Real Estate Market Total Flex Retail 2015 Q3 Total RBA Buildings Vacancy Rate Average Rent psf RBA Vacancy Rate Average Rent psf RBA Charles 15,178,259 1,045 9.2% $11.41 693,988 19.4% $10.10 8,830,630 DC Metro 1,081,494,123 42,803 Region 10.3% $25.01 75,739,191 11.4% $12.97 295,316,453 Vacancy Rate Industrial Average Rent psf Office Vacancy Rate Average Rent psf RBA 7.4% $15.27 (nnn) 3,146,942 9.7% $7.01 2,515,843 11.8% $20.02 (gross) 4.5% 7.9% $7.29 499,772,953 14.5% $33.75 (gross) RBA 22.94 (nnn) 210,665,526 Vacancy Average Rate Rent psf RBA – Rentable Building Area Expressed in square feet, this area includes the usable area and its associated share of the common areas. Typically rents are based on this area. It is the space the tenant will occupy in addition to the associated common areas of the building such as the lobby, hallways, bathrooms, equipment rooms, etc. There is no real difference between RBA and GLA (Gross Leasable Area) except that GLA is used when referring to retail properties while RBA is used for other commercial properties. Source: CoStar Group, 2015 www.MeetCharlesCounty.com p.23 Sick Days Just Got a Little Less Stressful. UM Charles Regional Urgent Care is Now Open. Kids get sick and kids get hurt. It goes with the territory. But you can’t always get a doctor’s appointment and a trip to the emergency room is not always necessary. That’s where the new UM Charles Regional Urgent Care saves the day. We’ve got extended hours, including nights and weekends. No appointment needed. We’re right across from the hospital in La Plata. Exceptional care for your kids. Extraordinary convenience for you. Visit our new website to learn about our staff, services, hours and more. CharlesRegionalUrgentCare.com/SickDay 301.609.4699 | 500 Charles Street, La Plata, MD 20646 Across from UM Charles Regional Medical Center p.24 www.MeetCharlesCounty.com www.MeetCharlesCounty.com p.25 SMECO 100% COLLEGE of SOUTHERN MARYLAND BUSINESS SERVICES 1 2 The College of Southern Maryland is a thriving, progressive, and technologically advanced college that delivers quality higher education programs and services. The college is committed to offering a wide variety of learning options, student services, and high-quality workforce development training and support. That commitment is reflected in those we serve. w w w . c s m d . e d u p.26 3 4 The Corporate Center provides over 300 classes annually of quality training designed for local businesses and organizations. Every year, the Small Business Development Center at CSM helps hundreds of local businesses and entrepreneurs successfully launch new businesses and increase their revenues. Last year CSM served over 6000 students who took classes to obtain or maintain over 40 different professional licenses and industry certifications. SMECO 24/7 Pay My Bill AutoPay SMS Text Home Energy Reports Web Portal Facebook Twitter YouTube In touch with our community In today’s busy world, convenience is at the tip of your finger through your mobile devices. Whether you are paying bills, reporting an outage, or just keeping up with the latest electric cooperative news, you want that information to be easy to access. SMECO is just a click away. Visit www.smeco.coop for the many ways to get in touch. CSM is an approved academic provider for both EC Council for Certified Ethical Hacker certification and a registered provider for Project Management Institute. Call today and discuss your needs, 301-539-4760. 1-888-440-3311 • www.smeco.coop www.MeetCharlesCounty.com Charles County is a dynamic region in the Washington DC Metro Area that offers businesses and investors a strategic location, a talented workforce and high value for costs. Charles County is a growing business hub that is well positioned for investment, growth and development. Strategically located in the Washington DC More than just a great place to live. Given Charles County’s proximity Well positioned for investment, growth, and development. to Washington DC and Baltimore, Charles County offers numerous been moving to Charles County – and its strong position in the flexible commercial options for lower cost of living, high quality of force; affordable, flexible and attractive Southern Maryland region, companies and businesses that are life (outdoor activities such as the real estate options; strategic access via the county offers numerous ready to make a move, including Indian Head Rail Trail, beautiful advantages for businesses and hundreds of acres of shovel-ready scenery, the waterfront, etc.) – are talent. and build-to-suit sites, high- the same reasons why companies visibility retail space, and acreage should invest in the county, as in several employment and these factors help attract a strong business center parks. talent pool. Metro Area, the County is a prime location for businesses that are looking to locate or relocate, offering companies access to a large pool of talented work- a multi-modal transportation network; and excellent education options. Strategic location is an asset. The reasons why people have www.MeetCharlesCounty.com Charles County Dept. of Economic Development 10665 Stanhaven Place, Suite 206 • White Plains, Maryland 20695 www.MeetCharlesCounty.com p.27 Charles County Government P.O. Box 2150 • 200 Baltimore Street • La Plata, Maryland 20646 301-645-0550 • 301-870-3000 • MD Relay Service: 7-1-1 • Relay TDD: 1-800-735-2258 Equal Opportunity County • www.CharlesCountyMD.gov