Prince William County reports $817 million in intended capital investment and 954 new jobs
Prince William County, VA — The Prince William County Department of Economic Development released its full year annual results for 2017, reporting $817 million in intended capital investment and an estimated 954 new jobs. Below are some of the year’s achievements and highlights:
• $817 million in intended capital investment marked a significant milestone, making 2017 the Department’s fifth consecutive year of logging capital investment in excess of half a billion dollars;
• 954 new job creation estimates for 2017 was the highest recorded for over a decade, since 2006;
• 19 companies received assistance, with 18 of those companies being within the County’s targeted industry sector (life sciences & biotechnology; information technology; federal agencies and corporate facilities; and specialized logistics and supply chain);
• At-place employment was 128,340 as of 3Q2017 and the unemployment rate is 3.0% – 0.9%; lower than the national unemployment rate of 3.9%;
• Ceres Nanosciences (Ceres), a life sciences start-up, graduated the Prince William Science Accelerator, following successful fundraising and growing demand for the novel Nanotrap™particle platform;
• The County welcomed Cabelas, which opened the doors to its only store in the D.C. metro area;
• Iron Mountain opened the first phase of its Data Center campus facility, built from the ground up;
• The highly anticipated Farm Brew Live – the County’s first destination brewery campus, opened;
• 18,500 instances of support were delivered to the existing business community, which ranged from consultations, visitations and resolutions to queries;
• 105,521 unique website visitors;
• 21 press releases reached 39 million unique visitors* and generated an estimated $1 million in earned and paid media coverage*; and
•20% increase in Twitter followers.(*Conservative estimates based on third-party industry-benchmark formulas).
“This record performance was attributed, with thanks, to all the County’s local and business partners that continuously strive to ensure we are delivering on our value proposition,” said Jeff Kaczmarek, executive director, department of Economic Development, Prince William County.“It has been our pleasure to conclude yet another year of diversified business growth in Prince William County.”In the last five calendar years (2013-2017), projects closed by the Prince William County Department of Economic Development alone intend to invest a record of nearly $4.3 billion and create approximately 2,853 jobs.Today, the County is home to 9,000 businesses, an increase of 40% over the past ten years.