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2021 Franklin County Profile

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2021 Franklin County Profile UNMASKING 2021 Franklin County Profile CONCORD 300 MILE TORONTO BOSTON RADIUS ALBANY PROVIDENCE BUFFALO 200 MILE RADIUS DETROIT NEW YORK CITY 100 MILE RADIUS NEWARK TOLEDO CLEVELAND TRENTON HARRISBURG PHILADELPHIA PITTSBURGH BALTIMORE COLUMBUS ANNAPOLIS WASHINGTON RICHMOND VIRGINIA BEACH RALEIGH CHARLOTTE COVID-19 changed a lot of things… however it did not change Franklin County’s strategic location in the heart of Southcentral Pennsylvania. We offer those considering relocating or expanding into the Mid-Atlantic region a great location, great infrastructure, great people, and a great quality-of-life. 1 FCADC.COM Location, Access, and Infrastructure... One of Franklin County’s greatest assets is its location and easy access to substantial and growing industrial and consumer markets. We are situated on one of the most heavily travelled Interstates in the Country and are within one day’s drive of more than 50% of the North American population. HIGHWAYS On average ROUTE ROUTE 81 76 70 30 11 50,375 Extensive network of state owned/maintained roadways vehicles travel I-81 through AIR RAIL WATER Franklin County on a daily basis…an average increase of more than 4,000 since 2019 (Source: PennDOT, Franklin County Traffic ...75 minutes Volume Map 2020) ® INTERMODALS Locally, CSX Intermodal ...3 hours moves roughly ...75 minutes 150,000 ...3 hours shipping ...60 minutes containers per year ...10 minutes 2021 PROFILE 2 – LIDA Oak Grove 9/30/2020 9:00 AM ON: Randy Goshorn BY: SK-13 LAYOUT: Franklin County ADDITIONAL INFILTRATION TESTING PLAN has “Shovel Ready” sites. FOR LIDA LOCATED IN The County offers more than1,200 acres of developable land, all of GREENE TOWNSHIP, FRANKLIN COUNTY, PA which are conveniently located to major transportation corridors and D B public utilities. N:\Land Projects 2017\170083-LIDA\XREF\170083-X-Lay SK-13.dwg FILE: Check out fcadc.com for an up-to-date database of available industrial real estate. 3 FCADC.COM Socio-Economic Profile Franklin County is DEMOGRAPHICS… among the 10 fastest growing counties in the state 51% 49% (Source: Penn State Data Center, April 2019) Median Age 41.3 Population Increase Years 160000 155000 150000 145000 3.6% population growth 140000 since 2010 2010 2015 2020 2021 PROFILE 4 Skilled Talent Franklin County’s prime location along Interstate 81 is critical to attracting talent from the Quad-State Region of Maryland, West Virginia, and Virginia, as well as other counties throughout southcentral, PA. The region boasts a civilian labor force of more than 590,000 highly skilled and dependable workers within 40 miles of the heart of Franklin County! (Source: US Bureau of Labor Statistics, Labor Force Data by County, November 2020) “For right now, the skilled workforce in our region-in addition to our location and accessibility-is really a key factor in our growth.” - Jesse McCree, CEO, South Central Workforce Development Board 5 FCADC.COM Construction 3% Government Manufacturing Administration 15% 13% Agribusiness Transportation 6% and Warehousing 11% Business/ (Source: PA Department of Labor and Industry, Workforce Information News Release, Professional Chambersburg-Waynesboro MSA, December 2020) Services 10% Education/ Healthcare Retail/Wholesale/ 19% 5.1% Hospitality unemployment rate in November down from a COVID-19 23% impact of 13.1% Economic Snapshot… 2.5%year-over-year Diversity = Economic Stability wage growth in 2020 (Source: South Central PA Workforce Franklin County boasts an extremely diversified Development Board, Economic Overview, Franklin County, Churma Economics and and growing economy Analytics, December 2020) 2021 PROFILE 6 Some of the most recognized companies in the world call Franklin County home. Top Top Top Logistics, Employers Manufacturing Warehousing Employers & DC Employers WellSpan 3629 Manitowoc 1068 Target DC # 589 930 Letterkenny Volvo Construction Procter & Gamble 870 Army Depot 2826 Equipment 800 Food Lion 630 Chambersburg ASD 1206 Ventura Foods 685 Corelle Brands 500 Manitowoc 1068 Martin’s Famous Pastry 669 Ulta Beauty DC 500 Target DC # 589 930 Johnson Controls/Frick 405 Staples Direct 360 Procter & Gamble 870 DL George & Sons 300 Ingram Book Co 325 Volvo Construction JLG 292 National Book Network 154 Equipment 800 New Enterprise Geodis Logistics 125 Franklin County Stone & Lime 240 Government 698 Franklin Logistics TE Connectivity 213 & Development 100 Ventura Foods 685 TB Wood’s 200 Martin’s Famous Pastry 669 Employment is approximate and subject to 7 FCADC.COM change. Prepared by the FCADC, January 2021 Franklin County manufacturers Healthcare contributed more was the next than $1.23 Billion largest sector with of County GDP in 2019… $763 Million the most of any sector (Source: South Central PA Workforce Development Board, Economic Overview, Franklin County, Churma Economics and Analytics, December 2020) 2021 PROFILE 8 Agribusiness continues to be a major component of Franklin County’s economy. The County ranks 2nd in the state for the production of milk, cattle, apples, peaches,and corn for silage. To date more than 17,700 acres of production ag land have been preserved for future generations. Franklin County There are nearly ranks in 40% 1,600 of County land the top 10 family farms is in crops… in acres in Franklin ranking #2 preserved in PA County in the state (Source: Harvested Cropland and Vegetables in the Commonwealth, Penn State Data Center, October 2019) 9 FCADC.COM Economic Development Incentives… In Franklin County, businesses have access to myriad incentive programs designed to support long-term business growth. Some of the more widely used programs include assistance for real estate purchases, construction, and renovations, as well as machinery and equipment upgrades and workforce development. For a complete listing of economic development incentive programs, please visit newpa.com Note: Certain programs are subject to availability of funds and job creation requirements. All programs require an application in order to access funds. CREDIT TAX FIRST INDUSTRIES CREATION| January 2018 JOB LOAN GUARANTEEDecember 2016 PROGRAM Program uidelines Program Guidelines | Franklin County First Fund (FCFF) FIRST Direct Loan PENNSYLVANIA Program uidelines | May 2018 Program Guidelines PENNSYLVANIA INDUSTRIAL Franklin County Area Development Corporation DEVELOPMENT AUTHORITY (PIDA) 1900 Wayne Road HELPING BUSINESSES CREATE JOBS THAT PAY Chambersburg, PA 17202 Phone: (717) 263-8282 | Tom Wolf, overnor| dced.pa.gov Fax: (717) 263-0662 of Pennsylvania Development & Economic Commonwealth PADCEDnews Listrak of Community | Tom Wolf, Governor | dced.pa.gov Lititz,PA PA Department Commonwealth of Pennsylvania Current as of January 1, 2021 PA Department of Community & Economic Development PA-based businesses across a variety of industries are eligible to apply. • agriculture • manufacturing • industrial • research and development | dced.pa.gov | Tom Wolf, overnor Development • hospitality Pennsylvania of & Economic • defense conversion Administered through the Pennsylvania Department of Community and Commonwealthof Community Economic Development (DCED), the Pennsylvania Industrial • recycling Department Development Authority (PIDA) loan program provides low-interest PA • computer-related services loans and lines of credit to Pennsylvania businesses that commit to creating and retaining full-time jobs within the commonwealth, as well • construction as for the development of industrial parks and multi-tenant facilities. Loan applications are packaged and underwritten by a network of • child daycare certified economic development organizations (CEDOs) that partner • mining with PIDA. • retail and service enterprises ELIGIBILITY & USE • developers PIDA financing can be used for: • Land and building acquisitions • Construction and renovation costs • Machinery and equipment purchases 2021 PROFILE 10 • Working capital and accounts receivable lines of credit owever, • Working capital term loans FUNDING & PARTICIPATION PIDA’s maximum participation amount for a project is determined by the proposed use of PIDA funds, the amount of matching financing from sources outside of PIDA, and the number of full-time jobs to be created or retained. Generally, a 50 percent match is required. H some exceptions do apply. Franklin County is a great place to work, live, and play… Education To build the talent that growing businesses need, Franklin County provides a broad spectrum of quality educational opportunities. Options range from pre-school through post-secondary. Home to the prestigious Mercersburg Academy Public School Colleges/ as well as other private 6 Districts 3Universities institutions including Franklin County Franklin County is within a two-hour drive of Penn State University Career Technology (University Park), one-hour drive of the HACC main campus, Center (CareerTech) and and one-half hour drive from Gettysburg College and Dickinson Chambersburg Career College. In addition, the Hagerstown, MD Community College Magnet School (HCC), Purdue University Global of Hagerstown, MD, Mount St. Mary’s University, and The University System of Maryland at Hagerstown are within a 15-minute drive of Franklin County. Colleges and Universities in Franklin County include: • Shippensburg University (rated #88 of America’s Best Regional Universities (North) by US News and World Report) • Penn State University-Mont Alto (rated #63 of America’s Best National Universities by US News and World Report) • Wilson College (rated #125 of America’s Best Regional Universities (North) by
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