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Middlesex County, Virginia

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Middlesex County, Virginia Middlesex County, Virginia VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP www.YesVirginia.org Community Profile Middlesex 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 37 Fortune 1000 firms. • Headquarters to 52 firms each 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 Middlesex County Location Middlesex County is located in southeastern Virginia on the Middle Peninsula. Middlesex County, located in Eastern The county is bounded on the north by the Rappahannock River, on the south Virginia, is a unique rural community by the Piankatank River, and on the east by the Chesapeake Bay. A unique surrounded by 135 square miles of rural community surrounded by 135 square miles of shoreline, Middlesex shoreline offering industries a strategic County offers industries a strategic location on the East Coast. location on the East Coast. Middlesex County is located 60 miles east of Richmond, the state capital, and 125 miles southeast of Washington, D.C. The Port of Hampton Roads is 74 miles south. 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 Middlesex County Labor Market Population Gender Distribution (2016) Male Female Middlesex County 49.0% 51.0% Race/Ethnicity (2016) Profile Extended Classification Area Labor Area White 8,600 332,273 Black 1,876 179,434 Two or More 196 19,546 American Indian or Alaska Native 50 3,043 Asian 50 16,003 Pacific Islander 6 900 Hispanic (may be of any race) 263 2,630 Median Age (2016) 54 years Civilian Labor Force (2016) Middlesex County 4,985 Extended Labor Market Area 265,434 Total 270,419 Labor Force Participation (2011-2015) Middlesex County 50.7% Extended Labor Market Area 61.4% Unemployment Unemployment Rate (July 2017) Middlesex County 3.3% Extended Labor Market Area 4.4% Statewide 3.9% Unemployed (2016) Middlesex County 188 Extended Labor Market Area 12,582 Total 12,770 Underemployed (2nd Quarter 2017) Middlesex County 588 Extended Labor Market Area 33,537 Total 34,125 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 Middlesex County Labor Market Commute Time (2011-2015) About 40 percent of Middlesex residents Worked from home 334 7.7% commute out of their county for Under 15 minutes 1,298 32.4% employment opportunities. 15-24 minutes 857 21.4% 25-34 minutes 581 14.5% 35-44 minutes 192 4.8% 45-59 minutes 328 8.2% Over 60 minutes 753 18.8% Mean Travel Time to Work (minutes) 31 Additional Labor Resources High School Graduates Not Continuing (2015-2016) 16 Two-Year College Graduates (Spring 2016) 858 Two-Year College Enrollees (Fall 2016) 5,624 Other College and University Graduates (Spring 2016) 2,271 Total 8,769 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 Middlesex County Labor Market Career Readiness Certificate (01/01/2016-08/31/2017) The regional labor force is augmented Virginia’s Career Readiness Certificate (CRC) assists employers by annually by about 7,500 college and certifying that a recipient possesses core skills in applied math, reading for high school graduates. information, and locating information. The CRC certification is based on 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. Middlesex County 29 Extended Labor Market Area 790 Total 819 Educational Attainment On-Time Graduation Rate (Class of 2016) 88.6% Percentage of Middlesex County population age 25+ who are high school graduates (2011-2015) 87.7% Percentage of Middlesex County population age 25+ who have earned a Bachelor's Degree or higher (2011-2015) 24.2% 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 Middlesex County Labor Market Employment by Sector* (1st Qtr. 2017) The civilian labor force in the labor draw Agriculture Forestry Fishing and Hunting 42 1.3% area exceeds 270,000. Mining Quarrying and Oil and Gas Extraction 0 0 Utilities 0 0 Construction 208 6.5% Manufacturing 161 5.0% Wholesale Trade 209 6.5% Retail Trade 382 11.9% Transportation and Warehousing 83 2.6% Information 46 1.4% Finance and Insurance 58 1.8% Real Estate and Rental and Leasing 22 0.7% Professional Scientific and Technical Services 61 1.9% Management of Companies and Enterprises N.D. N.D. Administrative and Support and Waste Management 121 3.8% Educational Services N.D. N.D. Health Care and Social Assistance 293 9.1% Arts Entertainment and Recreation 73 2.3% Accomodation and Food Services 186 5.8% Other Services 70 2.2% Total Government 1,038 32.2% Federal Government 20 0.6% State Government 81 2.5% Local Government 937 29.1% Unclassified 16 0.5% Total 3,221 100.0% 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 Middlesex County Labor Market Major Employers No union activity has been reported in Manufacturing the area in the last five years. Company Product/Service Atlantic Metal Products, Inc. Metal fabrication Carlton & Edwards Inc. Wood chips & sawdust J&W Seafood of Virginia, Inc. Seafood Shores & Ruark Seafood Fish/seafood NonManufacturing Company Product/Service Atlantic Express Inc. Courier Deagles Boatyard Inc. Boat engine rebuilding Middlesex Bottled Gas Inc. Petroleum gas 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 Middlesex County Labor Market Union Activity (1/2014 - 3/2016) 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, assumes no liability arising from
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