Dinwiddie County, Virginia
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Dinwiddie County, Virginia VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP www.YesVirginia.org Community Profile Dinwiddie County State Map Only a few locations can guarantee the right combination of resources that are crucial to your business’s success. Virginia’s premier location offers excellent domestic and international access. Centrally located on the U.S. East Coast, 40 percent of the U.S. population is within a day’s drive, and our integrated transportation system of highways, railroads, airports and seaports ensures that you can reach every one of your markets efficiently. Close proximity to Washington, D.C. facilitates contact with policy makers and the federal government system. Virginia continues to rank among America’s leading states for business by CNBC and Forbes.com. Business-first values, easy access to markets, stable and competitive operating costs, and a talented workforce all drove Virginia to the top. This unique combination of assets has encouraged businesses to prosper here for more than 400 years. Like you, they searched the world over for that convergence of resources that would help ensure their prosperity. For them, their search ended here. Chances are yours will too. • AAA bond rating- Virginia has maintained a AAA rating since 1938, longer than any other state. • Right-to-work law allows individuals the right to work regardless of membership in a labor union or organization. • Corporate income tax rate of 6% has not been increased since 1972. • Headquarters to 35 Fortune 1000 firms. • Headquarters to over 70 firms with annual revenue over $1 billion. • More than 17,300 high-tech establishments operate in Virginia. • More than 700 internationally-owned businesses from 45 countries are located in Virginia. • Ranks third among the 50 states as a recipient of federal R&D funds. • Streamlined permitting process. • Recruitment training programs to help new businesses become operational faster. • Programs at little or no cost to help businesses increase international sales. VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP 1 Every reasonable effort has been made to assure the accuracy of this report through the use of standardized, reliable data sources, including the community. However, the Partnership provides this information “as is,” and therefore, assumes no liability arising from the use of this report or data. Community Profile Dinwiddie County Location Dinwiddie County, a 502 square mile community, is located in the Appomattox Conveniently located near the I-85/ I-95 Basin in the southeastern portion of Virginia. Strategically situated on crossroads and US 460, Dinwiddie Interstates 85 and 95, the county is easily accessible to the major markets of County provides quick access to East the North and the Southern Piedmont Crescent. Coast from New England to Florida. Richmond, the state capital, is 25 miles north and Washington, D.C. is 140 miles north. The Port of Hampton Roads is 100 miles east. Dinwiddie County is part of the Richmond Metropolitan Statistical Area (MSA). VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP 2 Every reasonable effort has been made to assure the accuracy of this report through the use of standardized, reliable data sources, including the community. However, the Partnership provides this information “as is,” and therefore, assumes no liability arising from the use of this report or data. Community Profile Dinwiddie County Labor Market Population Gender Distribution (2013) Male Female Dinwiddie County 48.9% 50.8% Race/Ethnicity (2013) Profile Extended Classification Area Labor Area White 18,094 653,885 Black 9,084 381,359 Two or More 436 24,585 Asian 154 43,599 American Indian or Alaska Native 114 6,009 Pacific Islander 111 23,178 Hispanic (may be of any race) 796 13,532 Median Age (2013) 43 years Civilian Labor Force (2013) Dinwiddie County 14,007 Extended Labor Market Area 565,998 Total 580,005 Labor Force Participation (2008-2012) Dinwiddie County 59.9% Extended Labor Market Area 64.9% Unemployment Unemployment Rate (November 2014) Dinwiddie County 5.4% Extended Labor Market Area 5.0% Statewide 4.5% Unemployed (2013) Dinwiddie County 960 Extended Labor Market Area 34,562 Total 35,522 Underemployed (3rd Quarter 2014) Dinwiddie County 1,633 Extended Labor Market Area 65,719 Total 67,352 VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP 3 Every reasonable effort has been made to assure the accuracy of this report through the use of standardized, reliable data sources, including the community. However, the Partnership provides this information “as is,” and therefore, assumes no liability arising from the use of this report or data. Community Profile Dinwiddie County Labor Market Commute Time (2008-2012) The expansion of the U.S. Army Base at Worked from home 246 2.1% Ft. Lee offers numerous business Under 15 minutes 1,696 15.0% opportunities in the county. 15-24 minutes 3,415 29.8% 25-34 minutes 2,705 23.6% 35-44 minutes 1,215 10.6% 45-59 minutes 1,673 14.6% Over 60 minutes 756 6.6% Mean Travel Time to Work (minutes) 30 Additional Labor Resources High School Graduates Not Continuing (2012-2013) 123 Two-Year College Graduates (Spring 2013) 2,440 Two-Year College Enrollees (Fall 2013) 16,670 Other College and University Graduates (Spring 2013) 981 Total 20,214 VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP 4 Every reasonable effort has been made to assure the accuracy of this report through the use of standardized, reliable data sources, including the community. However, the Partnership provides this information “as is,” and therefore, assumes no liability arising from the use of this report or data. Community Profile Dinwiddie County Labor Market Career Readiness Certificate (11/01/2012-01/31/2014) The Dinwiddie Commerce Center, Virginia’s Career Readiness Certificate (CRC) assists employers by located at the intersection of I-85 and certifying that a recipient possesses core skills in applied math, reading for US 460, provides available sites for information, and locating information. The CRC certification is based on office and light manufacturing. established Workeys ® assessment tests. Virginia uses a three-tiered approach (bronze, silver, gold) to credentialing certificate holders that is based on the recipient’s level of development skills. Dinwiddie County 58 Extended Labor Market Area 3,226 Total 3,284 Educational Attainment On-Time Graduation Rate (Class of 2013) 81.7% Percentage of Dinwiddie County population age 25+ who are high school graduates (2008-2012) 79.2% Percentage of Dinwiddie County population age 25+ who have earned a Bachelor's Degree or higher (2008-2012) 14.1% VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP 5 Every reasonable effort has been made to assure the accuracy of this report through the use of standardized, reliable data sources, including the community. However, the Partnership provides this information “as is,” and therefore, assumes no liability arising from the use of this report or data. Community Profile Dinwiddie County Labor Market Employment by Sector* (2nd Qtr. 2014) Located in the Richmond Metropolitan Agriculture Forestry Fishing and Hunting 61 0.8% Statistical Area (MSA), the region has a Mining Quarrying and Oil and Gas Extraction N.D. N.D. workforce of approximately 1 million Utilities N.D. N.D. people. Construction 374 4.7% Manufacturing 629 7.9% Wholesale Trade 123 1.5% Retail Trade 1,541 19.3% Transportation and Warehousing N.D. N.D. Information N.D. N.D. Finance and Insurance 187 2.3% Real Estate and Rental and Leasing 50 0.6% Professional Scientific and Technical Services 51 0.6% Management of Companies and Enterprises N.D. N.D. Administrative and Support and Waste Management 120 1.5% Educational Services 7 0.1% Health Care and Social Assistance 244 3.1% Arts Entertainment and Recreation 126 1.6% Accomodation and Food Services 196 2.5% Other Services 134 1.7% Total Government 2,938 36.9% Federal Government 36 0.5% State Government 1,893 23.8% Local Government 1,009 12.7% Unclassified 0 0 Total 7,967 100.0% N.D. - Not Disclosed *By Business Establishment VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP 6 Every reasonable effort has been made to assure the accuracy of this report through the use of standardized, reliable data sources, including the community. However, the Partnership provides this information “as is,” and therefore, assumes no liability arising from the use of this report or data. Community Profile Dinwiddie County Labor Market Major Employers The Port of Richmond is located 15 Manufacturing miles north. Estimated Company Product/Service Employment Gerdau AmeriSteel Steel 300 - 599 Tindal Concrete Company Prestressed & formed 100 - 299 concrete products NonManufacturing Estimated Company Product/Service Employment Central State Hospital State health & training 600 - 999 services Wal-Mart Stores, Inc. Distribution 1,000 - 1,499 VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP 7 Every reasonable effort has been made to assure the accuracy of this report through the use of standardized, reliable data sources, including the community. However, the Partnership Community Profile Dinwiddie County Labor Market Union Activity (1/2009 - 1/2014) Petitions filed for decertification 0 Petitions filed for representation 0 Petitions filed for raid 0 Elections won by union 0 Elections won by company 0 VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP 8 Every reasonable effort has been made to assure the accuracy of this report through the use of standardized, reliable data sources, including the community. However, the Partnership provides this information “as is,” and therefore,