Why Richmond?

Richmond, Virginia, has a central place in America's history. It was here that the nation's founding fathers were inspired to set into motion the creation of our country. We’re one of America's oldest cities yet we’re tops in attracting the sought-after millennial workforce, in large part thanks to our robust higher education institutions. Companies from across the globe are attracted to the Richmond region, much like the ten Fortune 1000 companies headquartered here. And there are many others with a major presence or divisional headquarters. Over the last five years, Richmond has had the highest job growth rate in the Commonwealth with the population migration to match. Here are just a few of the reasons why companies and workforce are selecting Richmond, Va. for expansion or relocation.

Strategic geography located at the mid-point of the east coast. Richmond, Va. is ideal for companies looking for strong infrastructure network of roads (I-95, I-64, I-85), ports (the Richmond Marine Terminal connects to the Port of Virginia, one of the nation’s largest seaports), air (Richmond International Airport – named one of the most efficient in North America) and rail (only place in the U.S. where three Class I railroads cross above ground at the same location). Simply put, it’s easy to move goods and people to, through and within Greater Richmond. More than 45 percent of the nation’s population can be accessed within a one-day drive. And living here, you’re less than two hours from both the beach and the mountains or our nation’s capital, providing a vast selection of day trip options.

Top spot for attracting millenial workforce in addition to existing highly educated talent in the region. Wall Street Journal says Richmond has the 6th highest concentration of millennial workers and Time put Richmond as the second metro where the most millennials are moving. Zillow said that millennials can afford to live alone here moreso than any other major U.S. city. Over 36 percent of our existing workforce of 670,000+ holds at least a bachelor’s degree (in comparison to the national average of 31.8 percent). Within 150 miles, there are more than 1.6 million higher education students in the workforce pipeline, meaning that companies can recruit any level of required skill for years to come. Local colleges are willing to partner with companies to address needs with the Community College Workforce Alliance partnering with skills credentials. Northernmost right-to-work state in the south with low cost of living, low levels of unionization and stable business environment. Fortune 500 companies are headquartered here and household brands operate major divisions in Greater Richmond. Virginia ranks as the #2 state for regulatory environment according to Forbes Best States for Business. Richmond is less than two hours from Washington, D.C. by car or train, yet there is a major cost of living differential (Richmond is 36% less expensive) not to mention it’s easier to get around here (Richmond is the least congested large city in the nation whereas D.C. is the most congested urban area). It’s no wonder why so many international companies (200+) find the Richmond region an easy market in which to enter the U.S.

Capital city ripe with fine arts and culture, best street art in the world and top foodie accolades. As the capital of the Commonwealth of Virginia, Richmond is home to world-class museums like the newly opened Virginia Commonwealth University’s Institute for Contemporary Art (called one of the most anticipated buildings of 2018 by Architectural Digest) as well as the Virginia Museum of Fine Arts (one of the largest and most comprehensive museums in the country), Richmond Symphony (one of the nation’s leading orchestras), and Richmond Ballet, to name just a few. We’ve been named a top foodie city by Southern Living and Garden & Gun and are home to 11 James Beard nominees and/or finalists. Greater Richmond is also home to a burgeoning beverage scene with 20+ craft breweries, not including cideries, distilleries and wineries in the region.

Living an active, healthy lifestyle is easy in Richmond. We don’t just sit back and watch sports here, we get in the game. We’ve been named one of the nation’s healthiest cities and are one of the best running cities in the country according to Runner’s World. At the center of much of the active lifestyle in the region is the James River with kayaking, canoeing and the only class IV (not for the faint of heart!) rapids in an urban center in the country. Cost of Living Richmond's cost of living is among the lowest of US metros with 1 million or more population. This is driven by low housing costs -- apartment rents are 32 percent below the group's average and home prices are 27 percent lower. Source: C2ER Cost of Living Index, 2017 Annual Average Data and US Census Bureau, 2017 Population Estimates. Grocery Housing Apartment Utilities Transpo. Health Care City Overall Index Home Price Misc. Index Index Index Rent Index Index Index San Francisco CA 192.9 125.8 361.2 $4,023 $1,182,092 115.6 134.4 124.9 128.9 New York/Brooklyn NY 182.0 125.4 323.4 $2,953 $1,144,027 118.3 122.8 111.7 132.4 Washington DC 155.7 113.8 253.7 $2,505 $877,550 114.5 112.4 100.9 122.9 Seattle WA 149.0 127.1 194.2 $2,366 $649,370 123.8 133.1 124.6 135.5 Boston MA 148.2 106.2 207.0 $2,742 $604,205 141.8 110.8 135.8 130.0 Los Angeles CA 148.0 113.9 240.8 $2,633 $786,269 107.1 125.6 109.2 108.9 San Diego CA 146.1 114.7 237.8 $2,294 $821,579 117.7 122.8 107.0 103.6 Portland OR 129.3 115.6 179.0 $2,482 $507,368 78.4 106.3 107.5 117.8 Chicago IL 123.6 108.6 155.6 $1,831 $487,764 90.7 126.6 101.6 115.1 Philadelphia PA 117.2 116.6 129.5 $1,411 $424,983 125.1 114.9 106.1 107.4 Baltimore MD 117.0 107.6 146.9 $1,611 $475,815 107.7 102.9 91.9 106.0 FL 114.6 105.8 143.8 $2,047 $401,772 99.1 112.2 97.3 101.6 Minneapolis MN 104.9 107.0 104.8 $1,128 $352,818 91.6 107.9 104.9 107.3 Dallas TX 102.1 95.1 104.9 $1,318 $317,177 104.8 99.3 101.5 102.5 Cleveland OH 101.2 111.5 88.3 $1,041 $281,845 105.3 102.5 101.6 106.2 Hampton Roads VA 100.6 100.3 98.0 $1,157 $317,326 100.1 93.6 100.8 104.6 U.S. AVERAGE 100.0 100.0 100.0 $1,044 $336,448 100.0 100.0 100.0 100.0 Pittsburgh PA 99.6 110.8 91.5 $1,110 $281,247 110.6 106.7 94.1 97.6 GA 99.0 105.6 94.4 $1,169 $290,041 85.8 101.0 107.9 102.1 TX 98.2 87.1 104.8 $1,337 $307,633 111.2 97.4 91.5 94.7 Austin TX 97.5 88.1 101.9 $1,305 $301,734 88.2 93.3 99.7 100.9 Salt Lake City UT 97.1 107.2 94.1 $1,010 $317,989 75.7 103.5 99.0 99.7 Nashville TN 96.7 97.3 91.1 $1,009 $295,539 90.4 100.3 81.9 103.9 Raleigh NC 96.4 106.1 83.4 $1,013 $261,414 98.0 99.7 100.8 101.3 Charlotte NC 96.2 96.6 86.7 $1,061 $267,863 100.0 96.3 105.4 101.4 Richmond VA 96.1 88.7 88.7 $971 $289,492 106.8 91.9 108.3 101.3 Phoenix AZ 95.0 97.6 95.2 $1,032 $317,372 96.6 91.7 98.0 93.9 Jacksonville FL 94.8 100.8 89.2 $1,154 $265,289 92.7 97.1 87.6 98.0 IN 92.6 93.3 80.8 $1,014 $247,691 98.2 94.2 94.2 99.7 Louisville KY 92.3 89.7 79.7 $898 $257,103 94.7 103.3 93.6 99.9 City MO 91.5 101.3 81.9 $957 $260,080 77.0 95.0 99.2 97.7 St. Louis MO-IL 90.6 105.2 71.7 $877 $223,050 114.5 95.8 95.9 91.3 Columbus OH 89.7 99.2 76.9 $952 $238,079 78.2 96.9 92.4 97.5 City OK 84.9 89.6 72.6 $797 $238,905 87.5 85.7 92.2 91.1

Cost of Living Source: C2ER Cost of Living Index, 2017 Annual Average Data 200 182 180 155.7 160 148.2

140 123.1 123.6 120 114.6 96.1 96.2 99 100 National Avg.

80 Richmond VA Charlotte NC Atlanta GA Miami FL Newark NJ Chicago IL Boston MA Washington DC Brooklyn NYC Demographic Profile - Richmond Virginia MSA Source: Chmura Economics and Analytics, JobsEQ, April 2018 PERCENT VALUE Richmond, VA Richmond, VA Virginia USA Virginia USA MSA MSA Population Total Population — — — 1,258,158 8,310,301 318,558,162 Male 48.4% 49.2% 49.2% 609,288 4,086,283 156,765,322 Female 51.6% 50.8% 50.8% 648,870 4,224,018 161,792,840 Median Age — — — 38.4 37.8 37.7 Under 18 Years 22.2% 22.4% 23.1% 279,682 1,865,556 73,612,438 18 to 24 Years 9.6% 9.9% 9.8% 120,421 823,735 31,296,577 25 to 34 Years 13.8% 13.9% 13.6% 174,254 1,154,537 43,397,907 35 to 44 Years 13.0% 13.2% 12.7% 163,344 1,094,958 40,548,400 45 to 54 Years 14.5% 14.2% 13.6% 181,987 1,183,551 43,460,466 55 to 64 Years 13.1% 12.6% 12.6% 165,397 1,043,147 40,061,742 65 and Over 13.8% 13.8% 14.5% 173,073 1,144,817 46,180,632 "Prime Working Age" of 25 to 54 Years 41.3% 41.3% 40.0% 519,585 3,433,046 127,406,773 Race White 61.7% 68.7% 73.3% 776,370 5,712,958 233,657,078 Black or African American 29.9% 19.2% 12.6% 376,247 1,596,352 40,241,818 American Indian and Alaska Native 0.3% 0.3% 0.8% 4,380 21,948 2,597,817 Asian 3.6% 6.1% 5.2% 45,364 502,878 16,614,625 Native Hawaiian and Other Pacific Islander 0.0% 0.1% 0.2% 545 5,494 560,021 Some Other Race 1.5% 2.3% 4.8% 19,213 190,972 15,133,856 Two or More Races 2.9% 3.4% 3.1% 36,039 279,699 9,752,947 Hispanic or Latino (of any race) 5.6% 8.7% 17.3% 70,803 725,092 55,199,107 Population Growth Population Annual Average Growth, 2006-2016 1.0% 0.9% 0.8% 12,442 73,808 2,474,760 Economic Labor Force Participation Rate & Size (civilian pop. 16+) 66.4% 65.6% 63.3% 667,375 4,291,796 159,807,099 Armed Forces Labor Force 0.5% 1.7% 0.4% 5,531 111,328 1,011,641 Veterans, Age 18-64 6.9% 8.5% 5.1% 54,876 442,065 10,165,671 Median Household Income — — — $61,124 $66,149 $55,322 Per Capita Income — — — $32,115 $34,967 $29,829 Poverty Level (of all people) 12.5% 11.4% 15.1% 152,906 921,664 46,932,225 Mean Commute Time (minutes) — — — 25.0 28.1 26.1 Union Membership 5.5% 4.6% 10.7% — — — Educational Attainment, Age 25-64 No High School Diploma 9.7% 9.4% 11.6% 66,702 421,133 19,478,050 High School Graduate 25.0% 23.4% 26.1% 171,231 1,047,684 43,788,541 Some College, No Degree 21.4% 20.4% 21.5% 146,773 910,997 36,025,193 Associate's Degree 7.7% 7.9% 8.9% 53,072 354,717 14,962,488 Bachelor's Degree and Higher 36.1% 38.9% 31.8% 247,204 1,741,662 53,214,243 Bachelor's Degree 22.9% 22.8% 20.2% 156,811 1,019,769 33,845,524 Postgraduate Degree 13.2% 16.1% 11.6% 90,393 721,893 19,368,719 Housing Total Housing Units — — — 518,998 3,445,357 134,054,899 Median House Value (of owner-occupied units) — — — $214,500 $248,400 $184,700 Homeowner Vacancy 1.4% 1.6% 1.8% 4,514 33,948 1,395,797 Rental Vacancy 6.0% 5.7% 6.2% 10,848 65,416 2,855,844 Renter-Occupied Housing Units (% of Occupied Units) 34.8% 34.2% 36.4% 165,657 1,057,417 42,835,169 Employment by Industry Richmond, Virginia MSA Source: Chmura Economics and Analytics, Jobs EQ. December 2017 Change since 5 Percent of Location Industry Employment Percent years ago Total Change Quotient Health Care & Social Assistance 95,495 14% 8,160 16% 0.99 Retail Trade 69,627 10% 1,427 3% 0.96 Educational Services 57,704 9% 155 0% 1.04 Accommodation & Food Services 53,886 8% 6,999 14% 0.89 Administrative, Admin. Support and Information 77,693 12% 6,978 14% 1.16 Professional, Scientific & Technical Services 44,359 7% 3,578 7% 1.00 Finance, Insurance & Real Estate 50,896 8% 4,049 8% 1.33 Public Administration 39,561 6% -126 0% 1.24 Business & Personal Services 35,033 5% 1,564 3% 1.17 Manufacturing 32,778 5% 1,643 3% 0.59 Transportation, Warehousing & Wholesale Trade 53,029 8% 7,722 15% 0.97 Arts, Entertainment & Recreation 14,191 2% 1,643 3% 0.29 Construction, Utilities, Agriculture & Mining 48,805 7% 5,520 11% 0.91 Total - All Industries 674,342 100% 50,594 8%

Employment by Industry Construction, Utilities, Agriculture & Mining, 7% Health Care & Social Arts, Entertainment Assistance, 14% & Recreation, 2%

Transportation, Warehousing & Wholesale Trade, 8% Retail Trade, 10%

Manufacturing, 5%

Business & Personal Services, Educational 5% Services, 9%

Public Administration, 6% Accommodation & Finance, Insurance Food Services, 8% & Real Estate, 8%

Professional, Scientific & Technical Services, 7% Administrative, Admin. Support and Information, 11% Major Happenings

International companies are finding success in the Richmond, Virginia region, causing the region to be named the top mid-sized city in the U.S. for foreign direct investment by fDi Magazine along with top rankings for economic potential and business friendliness. Top U.S. Recent international company investments include Air Mid-Size Liquide/Seppic alliance Polykon Manufacturing, JASA City for Packaging Solutions, Erodex Ltd., and Pryor Marking Foreign Company joining the likes of Allianz Global Assistance, Direct Rolls-Royce and Sabra Dipping Company. Investment

There are new infrastructure $ investments at Richmond Marine Terminal, operated by The Port 275 of Virginia, the only east coast MILLION port with natural 55-foot depth channels. A few miles from the annually is granted to Terminal at the interchange of Virginia Commonwealth Interstate 95, Brother International University in sponsored recently signed a 461,000 research, earning VCU the SF lease at the Virginia I-95 ‘Highest Research Activity’ Logistics Center. Just down the designation by the Carnegie street, the Deepwater Industrial Foundation. This includes Park is being redeveloped. funding from the Bill and Melinda Gates Foundation to reinvent how drugs One year after announcing a $1 billion data center in the region, are produced. Facebook plans to add a second billion-dollar phase to the project. The multi-building development will connect to the MAREA trans-Atlantic fiber cable. Facebook’s announcement adds to the region’s data center cache which already includes facilities by QTS, Capital One and Peak10. Henrico County recently cut taxes for data centers to $0.40 per $100.

Virginia ranks as a top state in cyber security. Here in Greater Richmond, GE Cyber Security and the National White Collar Crime Center have facilities. Recently, Thomson Reuters, a news and information company, opened a cybersecurity operations center in the region. The food & beverage and bioscience industries intersect in the region. Health Warrior, which produces superfood bars from chia and pumpkin seeds, was recently purchased by PepsiCo. Another Greater Richmond- based company, Nutriati, developed a way to make flour and protein concentrate from chickpeas. The company has been working for several years to commercialize its products into a “game changer” in the marketplace for allergy-free, low-calorie, high-nutrient food ingredients. “The quickest way to fix our health problem is to fix our food problem.” -- Shane Emmett, CEO of Health Warrior ND Highest amount of Millennial talent attraction in the U.S. (Time). Plus more Millennials can aord to live alone than any other U.S. city (Zillow).

2Visitors flocked to Virginia Commonwealth University’s $41 million Institute of Contemporary 1717 Innovation Center, a six-story, Art, which was named one of the most anticipated 42,000-square-foot building, ocially opened buildings of 2018 by Architectural Digest. As a inside an extensively renovated former tobacco noncollecting museum, the building will be the warehouse. The Capital One-backed Innovation only permanent work of art there. Center will serve as an incubator for as many as 50 startup businesses at a time, providing oce space along with mentoring, leadership programs, and community events and conferences. Capital One, the Richmond Region’s largest private employer with more than 10,000 local workers, has invested in the incubator as part of its Future Edge initiative, a five-year, $150 million grant program aimed at supporting entrepreneurs, workforce training and financial education in the communities where the company has operations.

901 East Byrd Street | Suite 801 | Richmond, Virginia USA 23219 | 804-643-3227 | grpva.com

1/19 Industrial Rents in the Richmond, Virginia, region Source: CoStar, Richmond VA Industrial Market First Quarter 2018, April 2018

Number of Total Rentable Vacant Total Year-To-Date Net Year-To-Date Under Construction Quoted Lease SubMarket Vacancy Rate Buildings Building Area Square Feet Absorption Deliveries Square Feet Rates

Jeff Davis Corridor 546 28,640,986 1,452,337 5.1% (149,910) 0 700,000 $3.46 Airport 263 19,871,975 679,566 3.4% 3,503 0 45,647 $5.41 I-95 S/I-295 S/Rt 10 152 14,584,231 687,031 4.7% 149,013 95,000 0 $4.57 Scotts Addition/West End 477 11,174,931 351,887 3.1% (179,293) 5,500 0 $7.20 I-95 N/Mechanicsville 322 8,338,149 162,873 2.0% 51,900 0 47,000 $7.24 I-95 North/Ashland 195 7,516,353 223,335 3.0% 4,375 0 51,800 $7.85 Staples Mill/Parham 258 6,369,060 364,759 5.7% 133,239 0 0 $6.60 Laburnum/Rte 360 187 5,538,613 109,967 2.0% (42,407) 0 0 $4.92 Midlothian Corridor 251 4,577,718 80,000 1.7% 30,483 0 0 $7.89 Rt 288 Corridor 188 3,695,663 161,196 4.4% (9,611) 0 0 $8.41 Central Business District/Manchester 38 473,881 25,860 5.5% 0 0 0 $0.00 Balance of Market 435 17,629,698 886,507 5.0% 74,170 0 0 $3.89 Totals Richmond Industrial Market 3,312 128,411,258 5,185,318 4.0% 65,462 100,500 844,447 $4.78

Quoted Industrial Lease Rates, $ Sq. Ft / Yr, 2018 Q1 Source: CoStar, National Industrial Market First Quarter 2018, April 2018 $14

$11.73 $12 $10.01 $10 $8.91 $8.19 $8 $7.54 National Average $6.56 $5.92 $6 $4.45 $4.76 $4.78 $4

$2

$0 Charlotte Atlanta Richmond Chicago Boston Northern NJ Washington DC Miami Los Angeles Greater Richmond, Virginia Labor Shed

Businesses in the Richmond, Virginia metro area draw labor from 38 counties in central Virginia – an area with 2.1 million population and a workforce of 1.1 million. The primary labor shed is the 17 counties in the Richmond MSA, which has 1.3 million population and a workforce of 678,000. The secondary labor shed includes 21 counties with 866,000 population and a workforce of 428,000; at least 500 residents of each of these counties work in the Richmond MSA. The region’s population has increased by 7 percent since 2010, adding 20,300 additional residents annually, and the labor force has increased by 11 percent, adding 14,200 new workers annually.

Civilian Labor Force Area Population 2017 Feb. 2018 Primary Labor Shed (17 counties) 1,294,204 677,571 Secondary Labor Shed (21 counties) 865,955 427,894

Total Labor Shed (38 counties) 2,160,159 1,105,465 50 Largest Employers Richmond, Va., MSA

Rank Company Name Line of Business Employees 1 Capital One Financial Corp. Financial services, call center 11,262 2 Virginia Cmnwlth. Univ. Health Syst Health care 9,313 3 HCA Virginia Health System Health care 7,628 4 Bon Secours Richmond Health care 7,136 5 Dominion Virginia Power Energy 5,433 6 SunTrust Banks Inc. Banking 3,810 7 Altria Group Inc. Cigarettes and wine 3,800 7 Amazon.com Online retail 3,800 9 Wells Fargo Banking 2,902 10 Anthem Blue Cross and Blue Shield Health Insurance 2,655 11 United Parcel Service Package distribution 2,490 12 DuPont Chemicals and fibers 2,376 13 Bank of America Banking 1,921 14 Markel Corporation Insurance 1,886 15 Federal Reserve Bank of Richmond Reserve bank 1,882 16 Verizon Communications Telecommunications 1,700 17 University of Richmond Private university 1,578 18 General Dynamics Corp. Call center 1,450 19 CarMax Inc. Auto sales 1,306 20 Southside Regional Medical Health Care 1,280 21 AdvanSix (formally Honeywell) Polymers 1,177 22 Genworth Financial Inc. Insurance 1,134 23 Estes Express Lines Trucking, air freight 1,102 24 Kings Dominion Amusement park 1,000 25 GE Power Parts for power generating machinery 928 26 Supervalu Inc Wholesale food 890 27 Tyson Food Inc. Poultry products 850 28 BB&T Banking 839 29 T-Mobile USA Inc. Telecommunications 816 30 Patient First Healthcare urgent care centers 805 31 Hill Phoenix Refrigerated display cases 791 32 CoStar Group Real estate information and analytics 732 33 Northrop Grumman Information technology 725 34 Allianz Global Assistance Travel insurance 696 34 Teleperformance Financial services customer support 696 36 Performance Food Group Food products distribution 694 37 Comcast Cable television 675 38 WestRock Corp. Packaging materials 668 39 Union Bank and Trust Banking 665 40 YMCA of Greater Richmond Fitness and recreational services 631 41 Elephant Insurance Insurance services 620 41 McGuireWoods LLP Legal Services 620 43 Owens & Minor Inc. Wholesale medical supplies 609 44 Goodwill of Central and Coastal VA Non-profit training center; retailer 607 45 Westminster Canterbury Retirement community 594 46 Mondelez International Snack manufacturing 580 47 Wal-Mart Stores Inc. Warehouse and distribution center 575 48 Southern States Agribusiness cooperative 574 49 Virginia Credit Union Financial cooperative 572 50 McKesson Medical-Surgical Inc. Wholesale medical-surgical supplies 569

Note: Some companies combine headquarters and local branch locations in their employment numbers. Excludes government and retail operations. Source: Direct company contact; Richmond Times-Dispatch; Richmond BizSense; Virginia Employment Commission – updated April 2019 Page 1 of 6

New and Expanding Businesses in Greater Richmond, Virginia USA, Jan. '13 - April '19 Includes manufacturers and non-manufacturers with a substantial customer base outside of Virginia HQ Month-Year New or New Capital Index Company Name Location NAICS Business Description Location Announced Expansion Jobs Investment Supplier and manufacturer of high technology for 1 G.D USA International Chesterfield County 333993 4/1/2019 Expansion 26 $3,730,500 tobacco products 2 M.C. Dean Domestic Caroline County 541330 Electrical engineering and systems integration 3/13/2019 Expansion 100 $25,100,000 3 ERNI Components, Inc. Domestic Chesterfield County 321999 Manufactures electrical connectors 3/12/2019 Expansion 80 $10,000,000 Call center for Business Process Management 4 The Results Companies Domestic Chesterfield County 561421 3/4/2019 Expansion 600 $1,500,000 company 5 HalioDx Domestic Richmond City 541380 R&D for immuno-oncology diagnostic products 2/20/2019 New 21 $1,700,000 6 Coastal Sunbelt Produce Domestic Caroline County 493130 Distributor of fresh produce and dairy 2/15/2019 New 50 $2,600,000 7 Starr Hill Brewery Domestic Richmond City 312120 Craft brewery 2/13/2019 Expansion 15 $1,100,000 8 Stone Brewing Co. Domestic Richmond City 312120 Craft beer brewery 1/23/2019 Expansion 0 $1,000,000 Qingdao Kaisa Notebook 9 International Dinwiddie County 322230 Exporter & manufacturer of stationery, paper products 1/22/2019 New 62 $20,260,000 Manufacturing Co.,LTD* 10 Anord Mardix, Inc. Domestic Henrico County 335313 Producer of power infrastructure to data centers 1/17/2019 Expansion 51 $907,500 11 Classic Granite & Marble Domestic Powhatan County 327991 Natural stone fabrication and installation 11/5/2018 Expansion 100 $10,000 12 Treo Enterprise Solutions Domestic Henrico County 337212 Millwork custom architectural manufacturing 11/5/2018 Expansion 0 $110,000 13 Rising Tides Solutions, LLC Domestic Henrico County 541511 Custom computer software for data analytics 11/2/2018 Expansion 90 $926,500 14 Facebook Domestic Henrico County 518210 Data center for social media company 9/26/2018 Expansion 200 $750,000,000 15 Ocean Network Express, Inc. International Richmond City 483111 Deep sea freight transportation 8/22/2018 Expansion 129 $2,550,000 16 averhealth Domestic Henrico County 551114 Health care company 8/9/2018 Expansion 50 $325,000 17 Sabra Dipping Co. International Chesterfield County 311941 Manufactures hummus and vegetable dips 7/31/2018 Expansion 12 $0 Produces, converts, and markets packaging and 18 Cascades Inc. International Hanover County 322211 7/26/2018 New 140 $275,010,000 tissue products composed mainly of recycled fibers IT consulting, research, and engineering defense 19 SAIC Domestic Richmond City 541512 7/11/2018 Expansion 75 $0 contractor 20 Dominion Outsourcing LLC Domestic Henrico County 561421 Expansion of client management center 6/25/2018 Expansion 190 $370,000 Manufactures cartridge filtration solutions; standard 21 Delta Pure Filtration, LLC Domestic Hanover County 333319 5/31/2018 Expansion 18 $2,000,000 and custom filters 22 Corenso North America Corporation International Richmond City 322219 Manufactures paper cores for various industries 5/30/2018 Expansion 0 $160,000 23 TemperPack Domestic Henrico County 321219 Manufacturer of sustainable packaging materials 5/21/2018 Expansion 141 $10,400,000 24 UDig Domestic Henrico County 511210 IT software developers 4/12/2018 Expansion 51 $1,600,000 25 Richlands Creamery LLC Domestic Dinwiddie County 424430 Commercial creamery 3/19/2018 Expansion 17 $1,700,000 Technology platform that enables its clients to pay all 26 Paymerang, LLC. Domestic Chesterfield County 522320 3/19/2018 Expansion 100 $0 their vendors electronically Designs, manufactures, and services power quality 27 Power Systems & Controls Domestic Richmond City 335314 2/28/2018 Expansion 20 $1,400,000 needs around the world Financing for furniture, appliance, and mattress 28 West Creek Financial Inc. Domestic Henrico County 522298 2/27/2018 Expansion 100 $0 retailers. Aluminum extruded product for sale to the wholesale 29 Service Center Metals Domestic Prince George Count 331316 1/10/2018 Expansion 58 $45,243,000 market through metal distributors 30 Facebook Domestic Henrico County 518210 Data center for social media company. 10/5/2017 New 100 $1,000,000,000 31 Thomson Reuters International Richmond City 518210 Cyber Security operations center 9/6/2017 New 68 $2,180,000 32 Kosmo Machine Domestic Henrico County 332710 Full service precision machine shop 8/17/2017 Expansion 36 $1,000,000 Page 2 of 6

HQ Month-Year New or New Capital Index Company Name Location NAICS Business Description Location Announced Expansion Jobs Investment 33 Envera Domestic Richmond City 561422 Health IT customer engagement center 8/14/2017 Expansion 242 $11,718,840 34 BlueGrace Logistics Domestic Hanover County 541614 Third party logistics provider 8/14/2017 Expansion 20 $0 35 CTA Plus International Henrico County 541511 Developer of wireless fuel management system 8/11/2017 New 5 $350,000 36 Amazon.com, Inc. Domestic Hanover County 493110 Package sorting facility 8/1/2017 Expansion 300 $0 Apply textures to surfaces for use in automotive, 37 IR Engraving Domestic Henrico County 332812 5/10/2017 Expansion 22 $850,300 plastics, textiles, and other products 38 2nd Life Inc. Domestic Richmond City 811211 Electronics refurbishing and recycling 4/27/2017 Expansion 66 $975,000 39 Karn Custom Woodwork Domestic Richmond City 337212 Architectural millwork manufacturing and installation 4/27/2017 Expansion 30 $2,550,000 Ductwork, piping, plumbing and steelwork fabrication 40 Atlantic Constructors Domestic Chesterfield County 332312 4/3/2017 Expansion 0 $3,000,000 facility 41 People's Income Tax Domestic Henrico County 541213 HQ; Tax preparation services 3/27/2017 Expansion 30 $440,000 42 TemperPack Domestic Richmond City 321219 Manufacturer of sustainable packaging technology 2/22/2017 Expansion 23 $2,000,000 Manufacturer of marking machinery for the aerospace, 43 Pryor Marking Ltd. International Hanover County 333249 2/22/2017 New 10 $0 pharmaceutical, and nuclear energy industries. Customer engagement and back office operations 44 Owens & Minor Domestic Richmond City 561110 2/16/2017 New 300 $15,000,000 center Manufacturer of fiberglass reinforced liner systems for 45 iMPREG International International Henrico County 327212 1/4/2017 New 60 $5,400,000 trenchless pipe rehabilitation Process and wash duck eggs for distribution to food 46 Risser Farms Domestic Henrico County 115210 12/31/2016 New 6 $150,000 retailers Designs and builds a variety of awards using green, 47 Rivanna Natural Designs Domestic Henrico County 321999 11/30/2016 New 9 $325,000 recycled wood, and bamboo products 48 Wal-Mart Stores, Inc. Domestic Dinwiddie County 493110 Distribution facility for retailer 11/29/2016 Expansion 74 $4,000,000 49 Lidl Dienstleistung GmbH International Chesterfield County 493120 Warehouse for grocery retailer 11/16/2016 New 15 $1,000,000 Provider of packaging solutions for food, tobacco, and 50 Dominion Packaging Domestic Henrico County 322211 11/17/2016 Expansion 60 $25,100,000 beverage companies 51 BGB Technology Inc. International Chesterfield County 335312 Manufacturer of fiber optic rotary joints 11/18/2016 New 12 $800,000 52 Columbia Gas of Virginia Domestic Chesterfield County 221210 HQ; Training facility for natural gas utility 11/19/2016 Expansion 0 $9,000,000 53 Dealwithit Domestic Henrico County 541611 Educational consulting 11/20/2016 New 2 $0 Research and software development center for real 54 CoStar Group Domestic Richmond City 531390 10/16/2016 New 732 $8,170,000 estate information and analytics firm 55 Csi Packaging International Henrico County 333922 Manufacturer of product handling equipment 9/16/2016 New 20 $320,000 Financing for furniture, appliance, and mattress 56 West Creek Financial Domestic Henrico County 522298 9/16/2016 Expansion 30 $0 retailers Manages and administers retirement plans for public 57 ICMA-RC Domestic Richmond City 525110 8/1/2016 New 200 $10,000,000 sector employers and employees 58 Confluence Coffee Domestic Richmond City 311920 Specialty blend coffee roasters 7/1/2016 New 33 $100,000 59 Direct Mail Solutions Domestic Henrico County 541860 Full service mail shop 6/1/2016 Expansion 243 $1,000,000 Foam cushion and mattress manufacturing for 60 Hudson Industries Domestic Henrico County 326150 6/1/2016 Expansion 87 $1,000,000 medical and consumer use 61 R1 International International Richmond City 493110 Warehouse and distribution center for rubber products 6/1/2016 Expansion 15 $1,000,000 Manufacturing poly-extrusion and aqueous-coated 62 Specialty Coating and Laminating Domestic Hanover County 322220 6/1/2016 Expansion 52 $3,000,000 paper Page 3 of 6

HQ Month-Year New or New Capital Index Company Name Location NAICS Business Description Location Announced Expansion Jobs Investment Manufactures home décor and interior finishes from 63 Wellborn + Wright Domestic Henrico County 321918 reclaimed wood, including, doors, furniture items, and 6/1/2016 Expansion 25 $200,000 others. 64 Thought Logic Domestic Richmond City 541611 Consulting and business analytics firm 6/1/2016 New 100 $0 Manufacturer of steam and gas turbine replacement 65 Fajon Turbine Services, Inc. Domestic Chesterfield County 332710 6/1/2016 New 45 $1,000,000 parts for the power generation industry 66 Gerdau Ameristeel International Dinwiddie County 332312 Manufacturer of long steel products 6/1/2016 Expansion 0 $9,000,000 67 L Knife & Son, Inc. Domestic Henrico County 424810 Warehouse facility for specialty beverage 5/1/2016 New 110 $0 68 SanAir Technologies Laboratory, Inc. Domestic Powhatan County 541380 Environmental testing services for national clients 5/1/2016 Expansion 10 $0 69 McKesson Pharmaceutical Domestic Caroline County 493110 Pharmaceutical distribution center 3/1/2016 Expansion 30 $6,000,000 70 Aqueous Solutions Global Domestic Richmond City 333318 Provider of water filtration technologies 3/1/2016 New 23 $1,800,000 71 Erodex International Henrico County 333249 Graphite machining for turbine blades 3/1/2016 New 3 $2,000,000 72 Bonfire Funds Domestic Henrico County 541511 Web-based fundraising platform for the general public 3/1/2016 Expansion 20 $0 73 Blue Bee Cider LLC Domestic Richmond City 312130 Relocation of cidery 2/1/2016 Expansion 4 $1,000,000 74 Carmax Inc. Domestic Richmond City 441110 Technology center for car dealership 2/1/2016 Expansion 50 $1,000,000 Chemical manufacturing for the cosmetics and 75 Polykon Manufacturing LLC International Henrico County 325180 2/1/2016 New 54 $56,000,000 pharmaceutical industries 76 Triple Crossing Brewery Domestic Richmond City 312120 Brewery 2/1/2016 Expansion 4 $1,000,000 77 Hamilton Beach Brands Inc. Domestic Henrico County 335211 HQ: Small electrical kitchen appliance manufacturer 12/1/2015 Expansion 0 $3,000,000 78 AvePoint Domestic Richmond City 541511 Software platform design 12/1/2015 New 100 $2,000,000 79 Harris Teeter Domestic Caroline County 493120 Warehouse to supply retail operations 12/1/2015 New 400 $115,000,000 80 Minacs International Richmond City 561420 Customer management for health-care companies 11/16/2015 Expansion 200 $0 HQ: Provider and developer of health diagnostic 81 ImmunArray Domestic Richmond City 541712 10/30/2015 Expansion 7 $4,500,000 applications. 82 Thermal Gradient Domestic Richmond City 541711 Medical device and testing company 10/14/2015 New 42 $3,680,000 83 Minacs International Richmond City 561422 Business process outsourcing 8/6/2015 Expansion 400 $0 84 Detectamet International Henrico County 326191 High density detectable plastics manufacturing 6/19/2015 New 30 $1,000,000 85 Ho-Ho-Kus, Inc. Domestic Chesterfield County 332722 Design and manufacture aircraft parts 6/11/2015 New 40 $3,350,000 86 Elephant Insurance International Henrico County 524210 Auto insurance 6/8/2015 Expansion 1173 $2,000,000 87 Republic National Distributing Co. Domestic Hanover County 493110 Distribution of wine and spirits 6/3/2015 Expansion 0 $17,000,000 88 Amazon.com, Inc. Domestic Chesterfield County 493110 Fulfillment center 5/26/2015 Expansion 365 $0 89 Alton Lane Domestic Richmond City 315220 Custom menswear; HQ 5/5/2015 New 10 $20,000 90 Mavalério Ltd. International Hanover County 311340 Candy and confectionary products 4/9/2015 New 65 $5,000,000 91 Total Quality Logistics, Inc. Domestic Chesterfield County 488510 Logistics broker 3/12/2015 New 60 $100,000 Financial, credit card enhancement programs, point 92 Connexions Loyalty Domestic Henrico County 561613 programs and loyalty programs for the financial and 2/18/2015 Expansion 0 $876,300 related industries 93 Cuore Domestic Chesterfield County 561422 Sales and customer service call center 2/12/2015 Expansion 200 $0 94 Kels USA International Henrico County 336320 Electrical contact materials 2/12/2015 New 100 $7,000,000 95 San-J International, Inc. International Henrico County 311941 Soy sauce manufacturing 2/11/2015 Expansion 18 $38,000,000 96 McKesson Medical-Surgical Inc Domestic Henrico County 551114 HQ, medical supplies 11/1/2014 Expansion 225 $10,000,000 97 Live Well Financial Inc. Domestic Chesterfield County 522292 Mortgage lender and servicer 11/1/2014 Expansion 120 $0 98 IPPON Technologies USA International Richmond City 541511 Web development and design 10/1/2014 Expansion 44 $110,000 Page 4 of 6

HQ Month-Year New or New Capital Index Company Name Location NAICS Business Description Location Announced Expansion Jobs Investment 99 Stone Brewing Co. Domestic Richmond City 312120 Craft beer brewery 10/1/2014 New 288 $74,300,000 100 Amazon.com, Inc. Domestic Chesterfield County 493110 Fulfillment center 9/19/2014 Expansion 1423 $0 Manufactures and applies advanced exterior wall 101 Enclos Corp Domestic Chesterfield County 238150 9/1/2014 Expansion 200 $3,000,000 technologies to commercial buildings. 102 Relay Foods Domestic Richmond City 493110 Distribution of home groceries delivery service 9/1/2014 Expansion 75 $710,000 103 Blue Bell Creameries Domestic Hanover County 493120 Warehouse and distribution of products 9/1/2014 New 0 $310,000 104 Live Well Financial Inc. Domestic Chesterfield County 561422 Mortgage lender and servicer; call center 8/1/2014 Expansion 100 $0 105 NICHE Logistics Domestic Chesterfield County 541614 Logistics solutions for specialty market business 8/1/2014 Expansion 5 $100,000 106 Dominion Virginia Power Domestic Henrico County 561110 Operations center 6/1/2014 Expansion 0 $80,000,000 107 Mondelēz Global LLC Domestic Henrico County 311821 Manufactures cookies and crackers 5/1/2014 Expansion 35 $40,750,000 108 Steves & Sons Inc Domestic Henrico County 321911 Interior door manufacturer 5/1/2014 Expansion 22 $8,400,000 109 Philip Morris USA Domestic Chesterfield County 493130 Tobacco leaf storage warehouse 5/1/2014 Expansion 30 $50,000,000 110 Metl-Span LLC Domestic Chesterfield County 332311 Manufactures metal insulated building panels 5/1/2014 Expansion 60 $16,100,000 111 Avail Vapor, LLC Domestic Chesterfield County 493110 HQ; E-cigarette distribution center 5/1/2014 New 60 $3,000,000 112 Ippon Technologies USA International Richmond City 541511 Java consulting company 5/1/2014 New 14 $0 Auction and real estate firm serving Virginia, 113 Motley's Asset Disposition Group Domestic Richmond City 551114 4/1/2014 Expansion 0 $4,000,000 Tennessee, and the Carolinas Outsourced multichannel customer experience 114 Teleperformance USA International Henrico County 561422 4/1/2014 Expansion 500 $3,500,000 management 115 Pixel Factory Data Center Domestic Hanover County 518210 Data center 4/1/2014 New 1 $4,000,000 116 Abilene Motor Express, Inc. Domestic Chesterfield County 484121 Freight brokerage services 4/1/2014 Expansion 75 $14,000,000 117 Schnabel Engineering Domestic Henrico County 541330 Engineering services 4/1/2014 Expansion 0 $2,800,000 Manufactures electrical connectors for the automotive 118 ept Automotive Division International Chesterfield County 334417 3/1/2014 Expansion 8 $3,000,000 industry 119 Mason Manufacturing Domestic Henrico County 311999 Food industry manufacturing 3/1/2014 Expansion 40 $2,000,000 120 MGC Advanced Polymers, Inc. International Chesterfield County 325211 Manufactures resins and plastic materials 2/1/2014 Expansion 8 $3,600,000 N.A. HQ; Provider of power infrastructure to data 121 Anord Critical Power Inc. International Henrico County 335313 2/1/2014 New 70 $950,000 centers Business and innovation center for chemical 122 Evonik Industries International Chesterfield County 325998 2/1/2014 Expansion 50 $15,000,000 manufacturing 123 Michael & Son Services Inc Domestic Richmond City 561422 Call center 1/1/2014 New 100 $250,000 124 Universal Health Services, Inc. Domestic Henrico County 541611 Hospital patient accounting services 1/1/2014 Expansion 0 $1,300,000 125 Lumber Liquidators Domestic Henrico County 493110 Distributes hardwood flooring 1/1/2014 Expansion 0 $54,980,000 126 Ampa Entertainment, Inc Domestic Henrico County 454390 Events services 1/1/2014 New 18 $580,000 127 Medline Industries, Inc. Domestic Chesterfield County 493110 Medical supply distribution 12/1/2013 New 27 $26,000,000 128 WorldStrides Domestic Henrico County 561510 Educational travel company 12/1/2013 Expansion 25 $1,000,000 129 Republic National Distributing Co. Domestic Hanover County 493110 Distribution of wine and spirits 11/1/2013 Expansion 0 $15,100,000 Manufactures cartridge filtration solutions; standard 130 Delta Pure Filtration Domestic Hanover County 333999 10/1/2013 Expansion 15 $1,000,000 and custom filters 131 Stalwart Films International Henrico County 512110 Film production company 10/1/2013 New 15 $590,000 132 Dominion Packaging Domestic Henrico County 322226 Manufactures printed paper products 10/1/2013 Expansion 113 $45,000,000 133 CapTech Ventures, Inc. Domestic Henrico County 541512 Technology consulting provider 10/1/2013 Expansion 100 $0 134 Republic National Distributing Co. Domestic Hanover County 493110 Distribution of wine and spirits 8/1/2013 Expansion 0 $1,900,000 UNOS (United Network for Organ 135 Domestic Richmond City 551114 HQ; Organ donation coordination 8/1/2013 Expansion 47 $5,000,000 Sharing) HQ; metallurgical R&D, ceramic coatings and 136 Integrated Global Services, Inc. Domestic Chesterfield County 325510 7/1/2013 Expansion 20 $3,600,000 automated weld overlay systems Page 5 of 6

HQ Month-Year New or New Capital Index Company Name Location NAICS Business Description Location Announced Expansion Jobs Investment Warehouse and shipping department for biorelated 137 Health Diagnostic Laboratories, Inc. Domestic Henrico County 493110 7/1/2013 Expansion 0 $200,000 products 138 Virginia Crane (Foley Material Handling)Domestic Hanover County 333923 Manufactures industrial cranes 6/1/2013 Expansion 20 $1,500,000 139 The Peggs Company Domestic Hanover County 423440 Reconditioned shopping cart distribution 6/1/2013 Expansion 99 $2,900,000 140 Hanover Foils, LLC Domestic Hanover County 322225 Converts foils for the confectionery industry 6/1/2013 Expansion 18 $500,000 Laboratory services, testing, research for 141 Innovative Diagnostic Laboratory (IDL) Domestic Henrico County 541380 6/1/2013 Expansion 45 $1,500,000 cardiovascular health management and improvement 142 Schneider Laboratories Global, Inc. Domestic Richmond City 541380 Testing laboratory; certified test kits 6/1/2013 Expansion 12 $100,000 143 Sabra Dipping Company, LLC International Chesterfield County 311941 Manufactures hummus and vegetable dips 4/1/2013 Expansion 140 $86,000,000 144 FedEx Corporation Domestic Hanover County 492110 Distribution center, parcel shipping 4/1/2013 Expansion 0 $4,000,000 145 Triad Isotopes Domestic Henrico County 325412 Made-to-order pharmaceuticals 4/1/2013 New 8 $500,000 146 Wellborn + Wright Domestic Henrico County 321918 Wood flooring, wall paneling, cabinets, doors, chairs 4/1/2013 Expansion 0 $950,000 147 GENETWORx, LLC Domestic Henrico County 325413 Pharmacogenomic testing devices and kits 4/1/2013 Expansion 200 $3,000,000 148 Central Virginia Health Network Domestic Henrico County 541711 Laboratory 4/1/2013 Expansion 7 $2,000,000 149 Minacs International Henrico County 541512 Business process outsourcing, IT outsourcing 4/1/2013 New 250 $2,000,000 Provides gas processing, transportation and storage 150 Dominion Transmission Inc. Domestic Richmond City 486210 3/1/2013 Expansion 100 $0 services Manufactures embossers, embossing machines, 151 Alliance Machine and Engraving, LLC Domestic Hanover County 333517 3/1/2013 Expansion 10 $175,000 extrusion machinery, engraved rolls, etc. Original design manufacturer (ODM) providing control 152 Design Ready Controls Domestic Henrico County 334515 3/1/2013 Expansion 42 $0 panel and harness solutions Regional HQ, customer service, underwriting, claims 153 The Travelers Cos. Inc. Domestic Henrico County 524126 3/1/2013 Expansion 0 $8,000,000 and information technology 154 Kosmo Machine, Inc. Domestic Henrico County 332710 Manufactures precision machine parts 3/1/2013 Expansion 0 $2,000,000 155 Marten Transport Ltd. Domestic Chesterfield County 484230 Regional/over the road trucking services 2/1/2013 Expansion 127 $11,700,000 156 Tyson Foods Inc. Domestic Hanover County 311615 Poultry processing 2/1/2013 Expansion 120 $14,000,000 Rail transloading facility for biofuels/ethanol from 157 Englewood Enterprises Domestic Richmond City 488210 2/1/2013 New 6 $3,500,000 railcar to pipeline 158 Blue Bell Creameries Domestic Henrico County 493120 Warehouse and distribution of ice cream products 2/1/2013 New 20 $500,000 159 Pelon's Baja Salsa Domestic Henrico County 311421 Salsa and guacamole 2/1/2013 Expansion 10 $750,000 160 Best Bully's Domestic Henrico County 311111 Manufactures and distributes pet treats 2/1/2013 Expansion 40 $1,000,000 161 Wako Chemicals USA Inc. International Chesterfield County 325199 Specialty chemicals 1/1/2013 Expansion 0 $600,000 162 Air Water & Soil Laboratories Inc. Domestic Chesterfield County 541380 Environmental laboratory 1/1/2013 Expansion 0 $1,500,000 Source: Virginia Economic Development Partnership, "Virginia Announcements & Closings Database." Updated April 2, 2019.

The Partnership has reformatted data gathered by the Virginia Economic Development Partnership on business activity in the Richmond, Virginia, Metropolitan Statistical Area, including recently announced new businesses, expansions of existing businesses, those announcing employment reductions and business closings. Please note: • This dataset includes only business activity in the Richmond, Virginia MSA. • The figures presented in the fields “New Jobs” and “Jobs Lost” may not reflect total employment at that particular company, but only those related to the announcement. • Not all businesses are included; only manufacturers and non-manufacturers with a substantial customer base outside of Virginia are listed. • The data is based on announcements of planned employment creation and capital expenditures, or planned employment reductions or closings. • Some of the new facilities announced are not yet in operation, and some of the announced facilities may have opened and then subsequently closed. Page 6 of 6

Employment Reductions and Business Closings in Greater Richmond, Virginia USA, Jan. '13 - March '19 Includes manufacturers and non-manufacturers with a substantial customer base outside of Virginia HQ Reduction / Month of Closing/ Index Company Name Location NAICS Business Description Jobs Lost Location Closing Layoff 1 Genworth Financial Domestic Richmond City 524210 Insurance services 21 Layoff 3/1/2019 2 Confluence Coffee Domestic Richmond City 311920 Manufactures cold brew coffee 33 Closing 2/1/2019 3 Tailored Brands, Inc. Domestic Richmond City 448110 formalwear provider 64 Closing 8/31/2018 4 Northop Grumman Systems Corporation Domestic Chesterfield County 541512 Operations center; IT services; data center 348 Reduction 8/17/2018 5 Metrie, Inc. Domestic Hannover County 321918 Company manufactures and distributes interior finishings. 59 Closing 1/1/2018 6 Taylor Communications Domestic Hnerico County 541613 solutions to healthcare, financial services, commercial and 50 Closing 2/16/2018 7 Capital One Financial Corp. Domestic Richmond City 551111 and non-banking subsidiaries. 10 Layoff 1/1/2018 8 Land-O-Sun Dairies, LLC Domestic Richmond City 31151 Fluid milk processing 71 Closing 10/31/2017 9 Bear Island Paper Domestic Hanover County 322122 Newsprint manufacturing mill 164 Layoff 7/16/2017 10 Martin Agency Domestic Richmond City 541810 Advertising agency 16 Reduction 3/14/2017 11 The Home Depot Domestic Charles City County 337122 Cabinet refurbishing facility 70 Closing 1/1/2017 12 Markel Domestic Henrico County 551114 IT department of specialty insurance services provider 40 Layoff 6/1/2017 13 Martin Agency Domestic Richmond City 541810 Advertising agency 29 Layoff 9/6/2016 14 Arrow Electronics Domestic Hanover County 423690 Electronics distribution 72 Closing 10/1/2016 15 UPS Freight Domestic Richmond City 492110 Package delivery 160 Layoff 12/1/2016 16 BB&T Securities Domestic Richmond City 523920 coverage 61 Reduction 8/1/2016 17 Genworth Financial Domestic Henrico County 524128 Finance and insurance firm 27 Layoff 8/1/2016 18 Genworth Financial Domestic Henrico County 524210 Insurance services 70 Layoff 4/1/2016 19 Altria Domestic Henrico County 312230 Headquarters for tobacco manufacturing company 200 Layoff 3/1/2016 20 Carpenter Company Domestic Richmond City 326150 Molded and urethane foam 55 Layoff 6/1/2015 Prince George 21 Freight Handlers, Inc. Domestic County 493110 Distribution and logistics warehousing 65 Reduction 4/1/2015 22 Carpenter Company Domestic Richmond City 326150 Molded and urethane foam 55 Layoff 6/24/2015 23 Health Diagnostic Laboratory Domestic Richmond City 621511 Clinical laboratory diagnostics and clinical trial services 162 Reduction 12/1/2014 24 Keolis Transit America International Richmond City 485119 Operates transportation systems 106 Reduction 11/30/2014 25 Acision Domestic Henrico County 517919 Messaging services to mobile communications companies 65 Reduction 9/9/2014 26 Carl Zeiss Vision Inc. International Chesterfield County 326199 Manufacturing custom prescription lenses 73 Reduction 7/1/2014 27 General Dynamics Information Technology InDomestic Chesterfield County 561422 Call center for Affordable Care Act 344 Closing 5/1/2014 28 MeadWestvaco Corp. Domestic Richmond City 551114 Corporate HQ; Packaging solutions and products 125 Reduction 5/1/2014 29 Bank of America Domestic Henrico County 522110 Refinancing and default servicing operations 103 Reduction 3/1/2014 30 Aditya Birla Minacs International Henrico County 561422 Business support outsourcing 172 Reduction 3/1/2014 31 Bostwick Laboratories Domestic Henrico County 551114 HQ; Pathology reference laboratory 44 Reduction 2/1/2014 32 Xerox Domestic Richmond City 518210 Data entry and customer service 25 Reduction 11/1/2013 33 URS Corporation Domestic Chesterfield County 541330 Architectural and engineering services 21 Reduction 12/5/2013 34 SunTrust Banks Inc Domestic Richmond City 522292 Mortgage Banking 100 Reduction 12/13/2013 35 BrownGreer PLC Domestic Richmond City 541110 Law office 64 Reduction 10/1/2013 36 Fluor Corporation Domestic Chesterfield County 541330 Engineering services 184 Reduction 10/1/2013 37 Bostwick Laboratories Domestic Henrico County 551114 HQ; Pathology reference laboratory 34 Reduction 11/1/2013 38 Bank of America Domestic Henrico County 522292 Mortgage Banking 40 Reduction 9/1/2013 39 Genworth Financial, Inc. Domestic Henrico County 524113 HQ, life and long-term care insurance 75 Reduction 6/1/2013 40 Schmitt E.G. Inc. Domestic Henrico County 323111 High-security printing, RFID tags and specialty ink printing 87 Reduction 9/1/2013 41 Comcast Domestic Henrico County 561422 Call center 53 Reduction 9/1/2013 Source: Virginia Economic Development Partnership, "Virginia Announcements & Closings Database." Updated April 2, 2019. Occupational Employment and Wages Richmond, Virginia MSA Sources: Employment data from Chmura Economics and Analytics, Jobs EQ, accessed April 2018. Wage data from US Bureau of Labor Statistics, May 2017 Occupational Employment and Wage Survey, published March 2018. Employed Unemployed Change Since 5 Percent Entry Level Experienced SOC Occupation Title Average Wage 2017 2017 Years Ago Change Wage Wage 11-0000 Management 33,862 485 1,987 1% $80,200 $127,790 $155,300 13-0000 Business and Financial Operations 45,951 1,174 2,375 1% $52,420 $74,800 $89,590 15-0000 Computer and Mathematical 21,241 570 979 1% $61,620 $87,620 $111,630 17-0000 Architecture and Engineering 9,129 240 753 2% $54,510 $79,500 $100,300 19-0000 Life, Physical, and Social Science 5,434 111 137 1% $42,800 $65,140 $79,030 21-0000 Community and Social Service 14,481 245 914 1% $34,080 $46,770 $57,290 23-0000 Legal 6,860 113 -4 0% $51,190 $105,790 $138,060 25-0000 Education, Training, and Library 37,538 571 253 0% $30,680 $52,970 $62,600 27-0000 Arts, Design, Entertainment, Sports, and Media 10,748 290 538 1% $31,700 $51,920 $64,700 29-0000 Healthcare Practitioners and Technical 40,145 687 2,799 2% $44,830 $79,410 $86,210 31-0000 Healthcare Support 16,490 679 1,210 2% $23,490 $30,290 $34,090 33-0000 Protective Service 16,332 556 -200 0% $27,800 $43,460 $55,250 35-0000 Food Preparation and Serving Related 54,300 3,600 6,919 3% $17,590 $22,860 $25,010 37-0000 Building and Grounds Cleaning and Maintenance 24,265 1,297 1,253 1% $19,520 $25,910 $29,650 39-0000 Personal Care and Service 26,960 1,013 2,741 2% $18,050 $26,540 $29,290 41-0000 Sales and Related 70,747 2,897 4,694 1% $19,350 $40,800 $47,950 43-0000 Office and Administrative Support 105,743 4,019 8,665 2% $27,150 $37,530 $45,460 45-0000 Farming, Fishing, and Forestry 1,487 117 253 4% $20,180 $32,610 $39,580 47-0000 Construction and Extraction 32,223 1,832 3,555 2% $31,300 $43,590 $52,670 49-0000 Installation, Maintenance, and Repair 25,766 869 1,446 1% $34,550 $48,750 $60,700 51-0000 Production 29,510 1,095 2,199 2% $24,590 $37,000 $45,950 53-0000 Transportation and Material Moving 45,131 2,474 7,129 4% $23,150 $34,270 $41,250 00-0000 Total - All Occupations 674,342 24,934 50,594 2% $24,720 $49,840 $60,620 Class A Office Space in the Richmond, Virginia, region Source: CoStar, Richmond VA Office Market: First Quarter 2018, April 2018 Number of Total Rentable Vacant Total Year-To-Date Year-To-Date Under Construction Quoted Lease SubMarket Vacancy Rate Buildings Building Area Square Feet Net Absorption Deliveries Square Feet Rates Central Business District 23 6,920,094 702,842 10.2% (65,709) 0 450,000 $24.34 Northwest / Innsbrook 96 10,664,671 575,828 5.4% (25,136) 0 185,243 $20.94 Southwest / Manchester / Midlothian 38 3,345,967 478,762 14.3% (105,328) 0 87,000 $18.63 East / Airport 4 265,066 2,544 1.0% 3,790 0 0 $24.50 Balance of Market 1 52,800 0 0.0% 0 0 0 n/a Total Richmond Class A Office Market 162 21,248,598 1,759,976 8.3% (192,383) 0 722,243 $21.44

National Avg. $31.01 Story Ideas

 The Richmond, Virginia region is the headquarters to 10 Fortune 1000 companies (Altria, Performance Food Group, CarMax, Dominion Energy, Owens and Minor, Genworth Financial, Markel Insurance, Brink’s, NewMarket and Universal) and major divisional headquarters (McKesson Medical-Surgical, CoStar, SunTrust Mortgage, UPS Freight, Allianz Worldwide Partners) or major operations (Capital One). For a mid-size MSA with a population of 1.3 million, we’re punching above our weight class here.

 Companies are selecting mid-sized MSAs like Greater Richmond, Virginia, over higher cost larger cities. Companies can easily hire or recruit equitable talent at a fraction of the cost as salaries here are 20 percent less on average and real estate costs nearly one-third than major metros in the Northeast.

 Greater Richmond, Virginia, is a top spot for attracting Millennial workers. The region was named the #2 location the most Millennials are moving to (Time). Millennials can afford to live alone here more than any other U.S. city (Zillow). They’re choosing to work at places like CoStar’s new Global Research Headquarters, AvePoint and ICMA-RC where they’re able to bike and walk to work.

 The Richmond, Virginia, region is gaining 19,600 new residents annually with an average age of 26. This is bucking a decline in population growth elsewhere in Virginia. Nearly half (48 percent) are coming from these locations – Washington, D.C.; New York, NY; Baltimore, MD; Charlottesville, VA (home of the University of Virginia); and Virginia Beach, VA.

 International companies are finding success in the Richmond, Virginia region, causing the region to be named the top mid-sized city in the U.S. for foreign direct investment by fDi Magazine along with top rankings for economic potential and business friendliness. Recent international company investments include Polykon Manufacturing, Erodex Ltd, and Pryor Marking Company joining the likes of Allianz Worldwide Partners, Rolls-Royce and Sabra Dipping Company, who operates the largest hummus production facility in the world.

 Virginia Commonwealth University recently received $21.5 million grant from the National Institutes of Health for translational research at the C. Kenneth and Dianne Wright Center for Clinical and Translational Research for treatments of cardiac and pulmonary diseases as well as addiction. This is the latest funding for the university which receives $275 million in funding and has been named as a university “highest research activity” by the Carnegie Foundation. VCU has received $40 million from the Bill and Melinda Gates Foundation for the Medicines for All Institute designed to ‘reinvent how drugs are produced’ and lower the cost of lifesaving medications.  There are new infrastructure investments at Richmond Marine Terminal (operated by The Port of Virginia, the only east coast port with natural 55-foot depth channels), as well as a new spec development is adding value to the corridor along Interstate 95. Brother International recently leased 460,000 SF in the new Virginia I-95 Logistics Center. The Center is now building an additional 460,000 SF to mirror the distribution operation. Just down the road from the Center, the Deepwater Industrial Park is in the middle of redevelopment.

 1717 Innovation Center, a six-story, 42,000-square-foot building, recently opened inside an extensively renovated former tobacco warehouse. The Capitol One-backed Innovation Center will serve as an incubator for as many as 50 startup businesses at a time, providing space along with mentoring, leadership programs, and community events and conferences. Capital One, the Richmond Region’s largest private employer with more than 10,000 local workers, has invested in the incubator as part of its Future Edge initiative, a five-year, $150 million grant program aimed at supporting entrepreneurs, workforce training and financial education in the communities where the company has operations.

 “The quickest way to fix our health problem is to fix our food problem.” -- Shane Emmett, CEO of Health Warrior. Health Warrior, which produces superfood bars from chia and pumpkin seeds, was recently purchased by PepsiCo and joins its Hive nutritional cohort. Another Greater Richmond-based company, Nutriati, developed a way to make flour and protein concentrate from chickpeas, and the company has been working for several years to commercialize its products into what the company’s co-founder and CEO Richard Kelly calls a “game changer” in the marketplace for allergy-free, low-calorie, high-nutrient food ingredients.