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Shenandoah Valley,

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP www.YesVirginia.org Community Profile Shenandoah Valley 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 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 Shenandoah Valley Location

The Shenandoah Valley is located in the heart of the historic and scenic The Shenandoah Valley is located in the Shenandoah Valley of west-central Virginia. The region is comprised of seven heart of the historic and scenic counties (Augusta, Bath, Highland, Page, Rockbridge, Rockingham, and Shenandoah Valley of west-central Shenandoah) and five independent cities (Buena Vista, Harrisonburg, Virginia. Lexington, Staunton, and Waynesboro). This 4,264-square mile region is plentiful in natural resources and has a strong base in tourism, as well as retail, commercial, and industrial development.

Interstates 64 and 81 provide easy access to the Ports of and the Virginia Inland Port at Front Royal.

The centrally located city of Staunton is 153 miles southwest of Washington, D.C.; 108 miles northwest of Richmond, the state capital; and 87 miles north of Roanoke.

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 Shenandoah Valley Labor Market

Population Gender Distribution (2014) Male Female Shenandoah Valley 48.9% 51.1% Race/Ethnicity (2014) Profile Extended Classification Area Labor Area White 329,508 671,992 Black 18,037 80,548 Two or More 6,352 16,252 Asian 4,531 16,713 American Indian or Alaska Native 1,663 3,389 Pacific Islander 245 481 Hispanic (may be of any race) 22,763 35,253 Median Age (2014) Augusta 45 years Bath 49 years Buena Vista 37 years Harrisonburg 25 years Highland 56 years Lexington 22 years Page 45 years Rockbridge 49 years Rockingham 41 years Shenandoah 44 years Staunton 42 years Waynesboro 38 years

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 Community Profile Shenandoah Valley Labor Market

Civilian Labor Force (2015) The Shenandoah Valley places a strong Shenandoah Valley 175,060 emphasis on developing a workforce Extended Labor Market Area 389,304 trained to meet the needs of Valley Total 564,364 employers. The Shenandoah Valley Partnership acts as a liaison between businesses and training providers to Labor Force Participation (2010-2014) identify training needs, obtain funding, Shenandoah Valley 59.7% and guide curriculum development. Extended Labor Market Area 60.4%

Unemployment Unemployment Rate (July 2016) Shenandoah Valley 4.1% Extended Labor Market Area 4.1% Statewide 4.0% Unemployed (2015) Shenandoah Valley 8,124 Extended Labor Market Area 18,088 Total 26,212 Underemployed (2nd Quarter 2016) Shenandoah Valley 20,997 Extended Labor Market Area 50,546 Total 71,543

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 Shenandoah Valley Labor Market

Commute Time (2010-2014) A high-quality educational system; Worked from home 6,471 4.0% inexpensive cost of living and doing Under 15 minutes 55,831 36.2% business; friendly, quiet communities 15-24 minutes 47,684 30.9% and a scenic and unspoiled environment 25-34 minutes 24,695 16.0% are just a few of the qualities that make 35-44 minutes 8,149 5.3% the Shenandoah Valley an ideal place to 45-59 minutes 8,374 5.4% visit, live or do business. Over 60 minutes 9,713 6.3% Mean Travel Time to Work (minutes) Augusta 24 Bath 30 Buena Vista 17 Harrisonburg 15 Highland 24 Lexington 15 Page 33 Rockbridge 22 Rockingham 22 Shenandoah 31 Staunton 19 Waynesboro 19

Additional Labor Resources High School Graduates Not Continuing (2014-2015) 764 Two-Year College Graduates (Spring 2015) 4,072 Two-Year College Enrollees (Fall 2015) 29,817 Other College and University Graduates (Spring 2015) 30,677 Total 65,330

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 Shenandoah Valley Labor Market

Career Readiness Certificate (01/01/2015-05/31/2016) The Shenandoah Valley offers an Virginia’s Career Readiness Certificate (CRC) assists employers by environment friendly to families and certifying that a recipient possesses core skills in applied math, reading for industry. 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. Shenandoah Valley 841 Extended Labor Market Area 553 Total 1,394

Educational Attainment On-Time Graduation Rate (Class of 2015) 91.4% Percentage of Shenandoah Valley population age 25+ who are high school graduates (2010-2014) 83.2% Percentage of Shenandoah Valley population age 25+ who have earned a Bachelor's Degree or higher (2010-2014) 23.2%

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 Shenandoah Valley Labor Market

Employment by Sector* (4th Qtr. 2015) The Shenandoah Valley has long been Agriculture Forestry Fishing and Hunting 1,851 1.3% recognized for a dedicated labor force Mining Quarrying and Oil and Gas Extraction 144 0.1% with a strong work ethic and lifelong Utilities 446 0.3% commitment to learning. Construction 7,384 5.1% Manufacturing 23,079 15.9% Wholesale Trade 4,208 2.9% Retail Trade 17,245 11.9% Transportation and Warehousing 7,281 5.0% Information 2,025 1.4% Finance and Insurance 2,611 1.8% Real Estate and Rental and Leasing 1,578 1.1% Professional Scientific and Technical Services 3,817 2.6% Management of Companies and Enterprises 1,533 1.1% Administrative and Support and Waste Management 4,383 3.0% Educational Services 3,656 2.5% Health Care and Social Assistance 16,944 11.7% Arts Entertainment and Recreation 1,684 1.2% Accomodation and Food Services 16,307 11.2% Other Services 3,820 2.6% Total Government 25,114 17.3% Federal Government 1,054 0.7% State Government 9,205 6.3% Local Government 14,855 10.2% Unclassified 122 0.1% Total 145,232 100.0% N.D. - Not Disclosed *By Business Establishment

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 provides this information “as is,” and therefore, assumes no liability arising from the use of this report or data. Community Profile Shenandoah Valley Labor Market

Major Employers The I-81 corridor in the Shenandoah Manufacturing Valley is home to ten colleges and Estimated universities that strengthen the Company Product/Service Employment workforce and enrich the cultural vitality Georges Chicken LLC Poultry processing 600 - 999 of the Valley region. High academic Hershey Chocolate of Virginia Inc. Confectionery products 600 - 999 standards, new technologies and the McKee Foods Corporation Snack cakes 1,000 - 1,499 application of classroom learning to real Merck & Company Inc. Pharmaceuticals 600 - 999 world situations prepare Valley MillerCoors Shenandoah Brewing Malt beverages 300 - 599 graduates to enter the job market as Perdue Farms, Inc. Poultry processing 600 - 999 educated and skilled professionals. Pilgrim's Pride Corporation Poultry processing 600 - 999 R. R. Donnelley & Sons Company Book printing 1,000 - 1,499 Tenneco Automotive Inc. Motor vehicle parts 600 - 999 NonManufacturing Estimated Company Product/Service Employment Augusta Medical Center Health care 1,500 - 2,499 Higher education 2,500 - 4,999 Marshalls Retail distribution 600 - 999 Mary Baldwin College Higher education 300 - 599 Sentara/Rockingham Memorial Hospital Health care 1,500 - 2,499 Target Distribution center 600 - 999 The Omni Homestead Resort Hotel and resort 600 - 999 Wal-Mart Stores, Inc. Discount store 2,500 - 4,999 Washington & Lee University Higher education 1,000 - 1,499

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 Community Profile Shenandoah Valley Labor Market

Closings, Reductions, Layoffs (7/2011 to date) Date Type Company Product/Service Employees Affected 10/1/2011 Closing Tru Kut Door Co. Door manufacturing 11 5/1/2012 Closing Genie Company Garage door opening systems 92 3/1/2013 Reduction Rosetta Stone Inc. Language learning software 70 9/1/2013 Reduction URS Corporation Architectual and engineering services 15 9/30/2015 Closing Mundet Hermetite Cigarette tipping paper 46

Union Activity (1/2014 - 3/2016) Elections won by company 1

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP 9 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 Shenandoah Valley Labor Market

Estimated Earnings (May 2014) Occupation Median Wage Mean Wage Median Salary Mean Salary Laborers and Freight, Stock, and Material Movers, Hand $12.84 $13.75 $26,712.00 $28,599.00 Industrial Truck and Tractor Operators $14.35 $15.24 $29,852.00 $31,707.00 Heavy and Tractor-Trailer Truck Drivers $18.35 $19.14 $38,173.00 $39,819.00 Welders, Cutters, Solderers, and Brazers $17.15 $17.50 $35,676.00 $36,408.00 Team Assemblers $14.51 $14.47 $30,190.00 $30,096.00 First-Line Supervisors of Production and Operating Workers $23.59 $24.80 $49,063.00 $51,585.00 Maintenance and Repair Workers, General $16.44 $16.92 $34,205.00 $35,202.00 Industrial Machinery Mechanics $19.26 $19.79 $40,057.00 $41,164.00 Bus and Truck Mechanics and Diesel Engine Specialists $17.98 $18.99 $37,394.00 $39,506.00 Office Clerks, General $12.04 $12.70 $25,051.00 $26,409.00 Secretaries and Administrative Assistants, Except Legal, Medical, $14.44 $14.38 $30,027.00 $29,920.00 and Executive Receptionists and Information Clerks $11.86 $12.08 $24,676.00 $25,128.00 Customer Service Representatives $14.30 $14.91 $29,754.00 $31,009.00 Bookkeeping, Accounting, and Auditing Clerks $15.50 $16.30 $32,234.00 $33,906.00 First-Line Supervisors of Office and Administrative Support Workers $20.31 $22.04 $42,235.00 $45,835.00 Industrial Engineers $35.98 $36.05 $74,838.00 $74,974.00 Network and Computer Systems Administrators* $30.35 $30.83 $63,130.00 $64,121.00 Software Developers, Applications $36.19 $40.32 $75,274.00 $83,871.00 Accountants and Auditors $28.37 $30.07 $59,005.00 $62,541.00 Purchasing Agents, Except Wholesale, Retail, and Farm Products $22.31 $24.27 $46,396.00 $50,482.00

Per Capita Personal Income (2014) $36,194

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP 10 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 Shenandoah Valley Education

Public School Enrollment (Fall 2015) , was founded in Level Number Enrollment 1880 in Rockingham County as Preschool 3 322 Virginia's first coeducational college. Elementary 53 22,052 Combined 3 439 Middle 20 11,179 High School 20 14,807

Student Teacher Ratio (FY 2015) Elementary 12:1 Secondary 11:1

Per Pupil Expenditure (FY 2015) $10,663.70

On-Time Graduation Rate (Class of 2015) 91.4%

High School Graduates Continuing Education (2014-2015) 77.3%

Advanced Programs (2013-2014) Governor's School Enrollment 298 Students taking 1 or more Advanced Placement (AP) Courses 1,561 Students taking 1 or more AP Exams 1,098 Students taking 1 or more Dual Enrollment Courses 1,152

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP 11 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 Shenandoah Valley Education

Workforce Development Facilities The Shenandoah Valley Partnership Facility Type provides marketing and business Badger Technical Center North Career and Technical Center assistance for the Shenandoah Valley Technical Center Career and Technical Center region. Prince William SkillSource Center Comprehensive Center RCC King George Site Career and Technical Center TCC Regional Automotive Center Career and Technical Center Valley Workforce Center - Harrisonburg Comprehensive Center Valley Workforce Center - Luray Satellite Center Valley Workforce Center - Rockbridge Satellite Center Valley Workforce Center - Staunton Satellite Center Valley Workforce Center - Winchester Satellite Center

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP 12 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 Shenandoah Valley Education

Higher Education Facilities — Fall 2015 Dabney S. Lancaster Community Facility Enrollment College provides workforce services University of Virginia 23,883 including an array of standard and James Madison University 21,227 customized courses, seminars, Lord Fairfax Community College - Middletown Campus 5,459 programs, skills assessments and Virginia Community College 5,438‡ training plans to meet current and future Piedmont Virginia Community College - Eugene Giuseppe Center 5,438‡ workforce development needs. Central Virginia Community College 4,433 Blue Ridge Community College 4,192 3,820 Liberty University 3,166 Lynchburg College 2,794 Washington and Lee University 2,176 Bridgewater College 1,834 Eastern Mennonite University 1,773 Virginia Military Institute 1,717 Mary Baldwin College 1,666 Dabney S. Lancaster Community College 1,236 American National University - Charlottesville Campus 1,207‡ Southern Virginia University 730 Randolph College 688 561 Virginia University of Lynchburg 402 Sweet Briar College 320 Lord Fairfax Community College - Luray-Page County Center †

† Enrollment figures are not available. ‡ Enrollment figures are for all campuses.

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP 13 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 Shenandoah Valley Education

Higher Education Facilities — Fall 2015 Valley Universities provide a valuable Facility Enrollment resource for companies engaged in American National University - Harrisonburg Campus 1,207‡ product and technology research and American National University - Lynchburg Campus 1,207‡ development. Grant and research sponsorships, laboratory facilities, and ‡ Enrollment figures are for all campuses. faculty expertise can assist companies with the increasing complexity and expense of research, development, and transfer of technology into the marketplace.

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP 14 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 Shenandoah Valley Transportation

Interstates Interstates 81 and 64 traverse the Name Distance region, providing an excellent I-64 0.0 miles (0.0 km.) transportation infrastructure and I-81 0.0 miles (0.0 km.) connection to markets North or South I-66 0.6 miles (1.0 km.) and East or West. I-581 28.0 miles (45.1 km.) I-68 38.8 miles (62.5 km.) I-70 40.1 miles (64.5 km.) I-95 49.3 miles (79.4 km.) Note: Measured from border of locality/region.

Highways Highway 11 Highway 130 Highway 185 Highway 211 Highway 220 Highway 250 Highway 251 Highway 252 Highway 254 Highway 256 Highway 257 Highway 259 Highway 261 Highway 262 Highway 263 Highway 275 Highway 276 Highway 285 Highway 290 Highway 292 Highway 33 Highway 340 Highway 39 Highway 42 Highway 48 Highway 501 Highway 55 Highway 56 Highway 60 Highway 84

Commercial Air Service Shenandoah Valley Regional Airport, Weyers Cave -- 15.1 miles (24.2 km.) Silver Airways

Charlottesville-Albemarle Airport, Charlottesville -- 36.7 miles (59.0 km.) American Airlines Delta Connection United Airlines US Airways Express

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP 15 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 Shenandoah Valley Transportation

Commercial Air Service The area offers a wide variety of Lynchburg Regional Airport, Lynchburg -- 40.3 miles (64.9 km.) workforce training to businesses US Airways Express interested in locating in the county or cities. In addition, the Commonwealth of Virginia also provides assistance with the workforce training needs of new and expanding businesses. Roanoke-Blacksburg Regional Airport, Roanoke -- 50.3 miles (81.0 km.) American Airlines Delta Air Lines United Airlines US Airways Allegiant Air

Greenbrier Valley Airport, Lewisburg, WV -- 68.7 miles (110.5 km.) Silver Airways

Note: Within a 75-mile drive of the center of the closest locality in the region.

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP 16 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 Shenandoah Valley Transportation

General Aviation Service Rail service is provided by both, CSX Name Runway Length and Norfolk Southern as well as two Bridgewater Air Park, Bridgewater, VA 2,745 ft (837 m) local railroads. Ingalls Field Airport, Hot Springs 5,600 ft (1,707 m) New Market Airport, New Market 2,920 ft (890 m) Waynesboro/Eagles Nest Airport, 2,004 ft (611 m) Waynesboro

Freight Rail Service Buckingham Branch Railroad Chesapeake & Western Railroad CSX Transportation Norfolk Southern Railway Company Shenandoah Valley Railroad

Seaports Name Distance Port of Virginia (Inland Port Front Royal) 31.0 miles (49.9 km) Port of Virginia 182.0 miles (292.9 km) Note: Driving distance from the center of the closest locality in the region to the Port of Virginia and any other seaports within 100 miles.

Other Ports of Entry Name Distance Port of Washington - Dulles 80.8 miles (130.1 km) New River Valley Airport (Virginia TradePort) 94.5 miles (152.1 km) Note: Driving distance from the center of the closest locality in the region to the Port of Washington-Dulles and any other port of entry within 100 miles.

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP 17 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 Shenandoah Valley Utilities

Utilities Utilities

Electric BARC Electric Cooperative Shenandoah Valley Electric Cooperative Dominion Virginia Power Harrisonburg Electric Commission

Natural Gas Columbia Gas of Virginia Columbia Gas (Shenandoah Station)

Telecommunications nTelos TDS Telecom/Virginia Telephone Company Highland Telephone Cooperative Verizon-Virginia Level 3 Communications North River Telephone Cooperative Shenandoah Telecommunications CenturyLink Mountain Grove-Willamsville Telephone Company Shentel Lumos Networks

Water Bath County Service Authority Augusta County Public Service Authority Rockbridge County Public Service Authority Rockingham County City of Buena Vista City of Harrisonburg City of Staunton City of Waynesboro City of Lexington McDowell Water System Town of Luray Town of Stanley Town of Shenandoah Town of Edinburg Town of Strasburg Shenandoah County Town of Mount Jackson Toms Brook Sanitary District Town of New Market Town of Monterey Maury Service Authority

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP 18 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 Shenandoah Valley Utilities

Utilities

Waste Water Treatment Bath County Service Authority Rockbridge County Public Service Authority Augusta County Service Authority Rockingham County City of Buena Vista City of Harrisonburg City of Staunton City of Waynesboro City of Lexington Town of Shenandoah Town of Luray Town of Stanley Toms Brook/Maurertown Sewer Authority Town of Mount Jackson Town of Woodstock Town of New Market Town of Edinburg Town of Strasburg Shenandoah County Town of Monterey

Solid Waste Disposal Bath County Transfer Station Contracts with Bath County for disposal outside the county Page County Landfill Shenandoah County Landfill Augusta County Landfill Harrisonburg-Rockingham Landfill Rockbridge County Sanitary Landfill

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP 19 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 Shenandoah Valley Financial Institutions

Financial Institutions — 2nd Qtr 2015 Assets Area residents are served by a variety of Bank Assets (millions) local, regional and national banking Bank of America, N.A. $1,606,232.0 companies. Wells Fargo Bank, N.A. $1,553,871.0 Branch Banking and Trust Company $186,642.9 SunTrust Bank $184,222.9 First-Citizens Bank & Trust Co. $30,803.5 Union Bank & Trust Co. $7,476.6 United Bank $7,394.9 Carter Bank & Trust $4,796.7 WoodForest National Bank $4,443.5 City National Bank of $3,505.3 Summit Community Bank, Inc. $1,472.5 The First Bank and Trust Co. $1,419.3 Sonabank, N.A. $1,011.3 First Bank - Strasburg $695.2 Farmers & Merchants Bank $648.1 Bank of Botetourt $314.1 Pendleton Community Bank, Inc. $268.0 First National Bank-WV $249.1 Blue Ridge Bank $247.5 Pioneer Bank $170.9 First and Citizens Bank $123.7 CornerStone Bank, N.A. $114.5 Frontier Community Bank $96.2 The Blue Grass Valley Bank $38.3

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP 20 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 Shenandoah Valley Government and Taxes

Government The Omni Homestead Resort, located in Bath County, has been providing The Shenandoah Valley includes the counties of Augusta, Bath, Highland, luxurious accommodations to Page, Rockbridge, Rockingham, and Shenandoah Counties and the cities of presidents, princes, and sports Buena Vista, Harrisonburg, Lexington, Staunton and Waynesboro. enthusiasts since 1766. It offers a convention center, three championship All counties have a board of supervisors and county administrator. All cities golf courses, ski slopes, tennis courts, have a city council and city manager. riding trails, skeet fields and many other All localities have a comprehensive plan and zoning and subdivision facilities to satisfy the recreational ordinances. desires of the entire family.

There are 20 incorporated towns in the Shenandoah Valley.

Taxes

Localities in Virginia collect a 1% sales tax. They do not tax other items taxed at the State level.

Counties and cities in Virginia are separate taxing entities. Therefore, a company pays taxes to either a county or to a city.

If a company is located in a town, it pays town and county taxes except for utility taxes which are paid only to the town and the license tax which is paid only to the town unless town law permits the additional collection of a county tax.

Manufacturers pay real estate, machinery and tools, truck and automobile, utility, and sales taxes.

Nonmanufacturers pay real estate, tangible personal property, truck and automobile, utility, and sales taxes. They also may pay either a merchants' capital or a license tax.

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP 21 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 Shenandoah Valley Community Facilities

Area residents have access to six hospitals located in the Shenandoah Valley. National, state and local parks offer Bath Community Hospital and Carilion Hospital with a total unlimited recreational opportunities for of 70 beds, serve the southern portion of the region. Augusta Health with 255 hiking, biking, fishing, canoeing and beds and Sentara RMH Medical Center with 238 are strategically located in camping. The , the center of the region, and Page Memorial Hospital and Shenandoah and Blue Memorial Hospital, with a total of 50 beds are located in the northern portion of Ridge Parkway draw visitors from Shenandoah Valley. Sentara RMH offers a Regional Cancer Center, Heart and around the world to view the scenic Vascular Center, Wellness Center, Center for Corporate Health, and Center for vistas of the Shenandoah Valley. Sleep Medicine as well as other services. In addition to these facilities, the residents are in close proximity to the University of Virginia Medical Center in Charlottesville. The hospital is a world-renowned teaching and research center offering the latest in technology, service, and facilities.

Nearly 500 physicians and 150 dentists maintain practices in the Shenandoah Valley.

Approximately 800 places of worship are located in the area.

The Shenandoah Valley has four main public libraries with 19 branches containing over 938,000 volumes, with an annual circulation of 2,200,000. In addition, colleges and universities throughout the area also permit the public to use their library facilities. These facilities include James Madison University, Washington & Lee University, and Virginia Military Institute.

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP 22 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 Shenandoah Valley Community Facilities

(continued) The Shenandoah Valley captivates people. Not only for its natural beauty A variety of shopping opportunities are available to area residents and visitors. but also for its community values and Harrisonburg is the retail hub of the Shenandoah Valley with Valley Mall and pace of life. Civic organizations enjoy its 80 stores, two smaller malls, and several big-box shopping centers. broad participation. Public and private Waynesboro's new Waynesboro Town Center is a a growing big-box retail schools rank among the best in the center. The individual towns and cities throughout the Valley offer unique state. Crime rates are low. Housing is specialty shops, dining and services, as well as art and antique shops. affordable. There is an ease to living in the Valley that's hard to beat.

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP 23 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 Shenandoah Valley Lifestyle

Numerous cultural and recreational opportunities are available in the From rural to urban, the Shenandoah Shenandoah Valley. The Shenandoah National Park, Skyline Drive, Blue Valley can accommodate any life style. Ridge Parkway, National Forest, Jefferson National The Valley's rich history is kept alive in Forest, Regional Park, and Regional Park living museums and libraries. The offer scenic views, hiking, skiing, picnicking, camping, swimming, fishing, and colleges and universities add to the other outdoor activities for residents as well as visitors. cultural diversity of the region. Vibrant town centers, unique to each Three limestone caverns, Luray, Endless, and Shenandoah, are located in the community, are a focal point for region. These underground wonderlands have mysterious passageways with commerce and social activity featuring amazing rock formations and streams that are enjoyed by area residents and fine arts and crafts, music, festivals, tourists alike. performing arts and unique shops and The Shenandoah Valley is home to numerous resorts offering a full range of restaurants. activities. The world renowned resort, The Omni Homestead Resort in Hot Springs offers a variety of activities including golf, tennis, skiing, horseback riding, and skeet shooting. Because of its excellent facilities, the resort hosts state and national golf tournaments, tennis matches, and bowling tournaments. Massanutten Resort is a four-season resort that includes golf, tennis, spa complex, stable, indoor waterpark, and ski facilities. Bryce Mountain Resort offers year-round snow and grass skiing, an 18-hole golf course, tennis, horseback riding, boating, lodging, and dining.

A total of 22 golf courses are located in the region. Six are private and 12 are public, and six are 9-hole courses and 12 are 18-hole courses.

Cultural and historical attractions include the Shenandoah Valley Art Center, the Museum of American Frontier Culture, Woodrow Wilson's Birthplace, Natural Bridge and the George C. Marshall Museum. Civil War buffs can retrace Stonewall Jackson's Valley Campaign and explore the New Market Battlefield. This park covers 160 acres on the and houses a museum that spans the entire war. Each spring the is reenacted. The Washington and Lee University Lenfest Center for the Arts presents 250 theatrical productions throughout the year. The area’s other colleges and universities sponsor lectures, concerts, art exhibits, and numerous athletic events.

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP 24 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 Shenandoah Valley Lifestyle

(continued) A four-season climate means year-round outdoor recreational activities from Several festivals and celebrations are held in the Shenandoah Valley featuring skiing at Massanutten and Wintergreen food, music, folk-arts, and crafts. The Virginia Fall Foliage Festival, held each resorts to golfing at the world-renowned October in Waynesboro, exhibits the work of approximately 150 artists from Omni Homestead Resort or one of the across the nation and Canada, as well as music, food and dancing. The many championship golf courses in the Highlands Maple Festival is an annual spring event in Highland County that region. attracts 70,000. The event celebrates the opening of the trees and the process of making maple syrup.

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP 25 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.