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Williamson 101 - Nashville’S Suburban Office Market

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Williamson 101 - Nashville’S Suburban Office Market WILLIAMSON 101 - NASHVILLE’S SUBURBAN OFFICE MARKET - Nashville Williamson County 2014 Easiest US County to Live in - Williamson County #10 2014 Fastest-growing American Cities - Franklin #14 New York Times Washington Post 2012, 2013 & 2014 Best High Schools in Tennessee 2014 Top 10 Best Cities for Kids - Brentwood #7 US News & World Report Livability.com 2012, 2013 & 2014 Most Business Friendly City in Tennessee 2013 Top Booming Suburbs in America - Brentwood #7 Beacon Center of Tennessee Coldwell Banker #1 in Land Trust Preservation in TN 2013 - Williamson County 2014 Greatest Southern Towns - Franklin #1 Land Trust for Tennessee Garden & Gun Where STRATEGIC Growth is the Point. With a highly educated workforce, an excellent public school system and a range of lifestyle choices, Williamson County is home to a diverse business community - from 40 corporate headquarters to thousands of small-shop entrepreneurs. Eleven of the largest 25 publicly traded companies in the Nashville region are located in the county, which also claims a third of the fastest-growing companies in the entire state. As a result of this dynamic business environment, Williamson County is a leader in the Southeast in population growth, employment growth and per capita income growth. More than 6,000 businesses span diverse industries, led by healthcare, technology, entertainment and manufacturing. Corporate headquarters include Nissan North America, Mars Petcare, Tractor Supply Company and Community Health Systems. Large, class A business parks provide an array of modern workspaces, and more major mixed-use development projects now are underway. Small-town and uniquely refurbished office options are popular in the historic downtown Franklin area and in the county’s other community-focused cities and towns of Brentwood, Fairview, Nolensville, Spring Hill and Thompson’s Station. Education is a priority in Williamson County - both in the top-ranked public school system and in higher education as reflected by the 52 percent of residents with a bachelor’s degree. Of those, 17 percent have either a graduate or professional degree. Some 21 colleges and universities are located within driving distance, and Williamson- based programs offering undergraduate, graduate and executive education are expanding exponentially. From festivals that draw thousands to an award-winning vineyard that hosts some of the best musicians in the country, the uniqueness of Williamson County lies in its strong community spirit and its rich history and cultural heritage. Offering easy access to prized green spaces near big-city amenities, Williamson County truly is a place for businesses and their employees to call home. Williamson, Inc. Economic Development 5005 Meridian Boulevard, Suite 150, Franklin, TN 37067 | 615.261.2880 Matt Largen, Williamson, Inc. President & CEO - @MattLargen Amanda Murray, VP of Economic Development - [email protected] ECONOMY Top Private Sector Employers COMMUNITY HEALTH SYSTEMS 4300 EMPLOYEES UNITED HEALTH GROUP 750 EMPLOYEES 1 Healthcare - Franklin, TN 11 Healthcare - Brentwood, TN VANDERBILT MEDICAL GROUP 3600 EMPLOYEES MEDSOLUTIONS 700 EMPLOYEES 2 Healthcare - Franklin, TN 12 Healthcare - Franklin, TN NISSAN NORTH AMERICA 1600 EMPLOYEES MARS PETCARE 628 EMPLOYEES 3 Automotive - Franklin, TN 13 Retail - Franklin, TN WILLIAMSON MEDICAL CENTER 1449 EMPLOYEES FRANKLIN AMERICAN MORTGAGE 550 EMPLOYEES 4 Healthcare - Franklin, TN 14 Financial Services - Franklin, TN HEALTHWAYS 1160 EMPLOYEES AT&T 500 EMPLOYEES 5 Healthcare - Franklin, TN 15 Retail - Brentwood, TN VERIZON WIRELESS 1000 EMPLOYEES DAVITA 470 EMPLOYEES 6 Communications - Franklin, TN 16 Healthcare - Brentwood, TN COMDATA 875 EMPLOYEES AFFINION GROUP 450 EMPLOYEES 7 Financial Services - Brentwood, TN 17 Marketing/Advertising - Franklin, TN TRACTOR SUPPLY COMPANY 824 EMPLOYEES OZBURN-HESSEY LOGISTICS 425 EMPLOYEES 8 Retail - Brentwood, TN 18 Distribution/Logistics - Franklin, TN FORD MOTOR CREDIT 750 EMPLOYEES BROOKDALE SENIOR LIVING 400 EMPLOYEES 9 Financial Services - Franklin, TN 19 Healthcare - Brentwood, TN LEE COMPANY 750 EMPLOYEES HEALTHTRUST 380 EMPLOYEES 10 Services - Franklin, TN 20 Healthcare - Brentwood, TN Taxes County Property Taxes: $2.31 per $100 assessed property value Individual Income Tax: None on wages and salaries; 6% on certain types of dividend and interest income Sales and Use Tax: State 7%; local option 2.25% with maximum $1,600 per single article of tangible personal property Corporate Excise Tax: 6.5% on net earnings Franchise Tax: 0.25% of the greater of net worth or real and tangible property in Tennessee Inventory Tax: None on finished goods inventory Unemployment Taxable wage base: $9,000; New employer rate: 2.7%; Experienced employer rate: 1.1% - 10.6% Insurance Tax: Local Gross Receipts Tax: Varies from 0.125% - 0.16% of 1%; Exempts manufacturers and certain professionals WORKFORCE Commuting Patterns Median Earnings Management $86,316 Legal $82,819 Healthcare Practitioners $77,647 5.55% Computer Occupations $73,655 Architecture & Engineering $72,217 34.69% Life, Physical & Social Sciences $62,086 Business & Financial $60,995 Arts, Entertainment, Sports & Media $45,075 7.02% Installation, Maintenance & Repair $42,040 Community & Social Services $40,718 Construction $38,837 2.76% Education $38,452 Sales $35,532 2.66% Office & Administrative $34,858 27.74% Protective Services $32,760 Production $32,324 *Percentage based on place of residence workforce Source: U.S. Census Bureau, 2006-2010 American Community Survey (retrieved Jan 2014) Transportation $30,077 Healthcare Support $28,967 • 54.53% of the labor force live and work in Williamson County Personal Care & Service $21,466 • 28 minutes is the average travel time to work Food Prep & Serving $19,009 • 28,910 residents commute to Davidson County to work • 23,027 Davidson County residents commute to Williamson County to work FACT: There are three times more management jobs in Williamson County than the national average. DEMOGRAPHICS Population by Age Under 20 years old 30.7% 51% of the population 20 - 39 years old 20.6% 198,501 is female Williamson County 40 - 64 years old 37.7% population $63,176 65+ years old 11.0% 1,726,693 average earnings Nashville MSA population $1,842 Population by Ethnicity 38.3 median property Asian 3.30% median age taxes White 85.7% 3% 66,726 of Tennessee’s Black 4.60% households population Hispanic 4.80% 79% American Indian or Alaskan Native 0.20% $375,000 owner occupied housing median home sale price Employment By Industry 2.41% 2.31% 5.98% 9.04% 12.10% Manufacturing 5.75% , Construction Logging, Mining Information Utilities 17.05% Transportation, Trade, Other Services Education & Health Services 11.10% Leisure & Hospitality Professional & Business Services 25.57% Finance & Insurance Government 8.68% EDUCATION 95% 52% 17% of the population has a high of the population has a of the population has a school diploma or higher Bachelor’s degree or higher Graduate degree or higher 2013 High School Graduation Rates Pipeline of Future Employees Williamson County 93.8 % 88,398 students Tennessee 86.3 % 24 four-year universities and colleges in the greater Nashville area 32,103 students 8 community colleges in the greater Nashville area 2013 ACT Composite Scores 9,095 students Williamson County 23.4 14+ career colleges in the greater Nashville area Tennessee 19.1 US 20.9 2014 HIGHEST PERFORMING SCHOOL DISTRICT IN THE US SERVING 20,000+ STUDENTS SchoolDigger.com, May 2014 ACCESS 30 minutes from the Nashville International Airport. 400 flights per day, 88 direct served markets, 48 non-stop flights. Within three hours of two of the world’s busiest cargo airports - Memphis (FedEx) and Louisville (UPS). Brentwood Water System, Water Authority of Greater Dickson, City of Franklin Water Management, Nolensville/College Grove Utility District, City of Spring Hill, H.B. and T.S. Utilities. Eleven companies support county sewer needs. Fiber network with AT&T, Sprint, Level3, XO Communications Intercity bus lines, Franklin Trolleys and van pooling. Within a one day drive of 75% of the US. Access to three major interstate highways: I-40, I-24, I-65. Route 840 connects Williamson County and three other counties in an outer loop. All electricity in Williamson County is transmitted by the Tennessee Valley Authority, the largest public provider of power in the nation, and distributed to commercial and residential customers through MTEMC and NES power companies. QUALITY OF LIFE Who’s Moving Here Coeur d’Alene, ID 500+ 300 - 499 Minneapolis, MN Detroit, MI 200 - 299 Chicago, IL 100 - 199 San Fransisco, CA Columbus, OH St Louis, MO Indianapolis, IN Richmond, VA Las Vegas, NV Evansville, IN Lexington, KY 90 - 99 Charlotte, NC 80 - 89 Los Angeles, CA Jacksonville, NC Little Rock, AR Phoenix, AZ Senatobia, MS Birmingham, AL 60 - 79 Atlanta, GA Dallas, TX Jackson, MS Orlando, FL Tampa, FL Source: U.S. Census Bureau, 2007-2011 5-year American Community Survey Ft. Lauderdale, FL Cost of Living - national average $100 Weather Nashville-Franklin, TN $88 July Average High Austin, TX $93 Annual Average Precipitation 89° 59.5” Annual Average Snowfall Atlanta, GA $95 January Average Low Annual Relative Humidity 8.2” Charlotte, NC $96 47° 70%.
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