Caroline County Developmentan Overview

Presentation byBobby PopowiczCaroline County

Board of Supervisors

July 2011

Caroline County Resides in a

Unique LocationWith Unique

Challenges and OpportunitiesResulting in a Development

StrategyWith Regional Significance

The Center of the Mid Atlantic

However: Southern Most Community in the RegionFurthest From the Washington Investment

SpilloverFurthest From the Center of the Richmond MSA

Result: Least Likely to Receive Government Investment/JobsOutside of Washington Federal Employment Compensation

RatesCaroline Federal Works Get Paid Less

Federal Travelers are Reimbursed Less to Stay in CarolineBusinesses that Support Government are Less Likely to

Choose Caroline

Additional Result of Caroline’s Remote Location From Urban Areas

Last to Develop Retail Sector

Neighboring Communities Have Saturated the Retail Market in the Region

Caroline Will Not be Developing SignificantRetailing for the Foreseeable Future

20% Of Caroline County is OccupiedBy

Fort A.P. Hill

Little Economic Impact, No Permanent Contractors Needed for their Mission

Challenges to Development

Small Population

No College or University

No Airport

No Hospital or 24 Hour Emergency Care

No Unoccupied Industrial Space

No Community Owned Industrial Site

Smallest Economic Development Budget in Region(Anywhere in the I-95 Corridor?)

Small Development and Planning Staff

Paucity of Standard Quality of Life Elements

Factors in Caroline’s FavorLand

Caroline Commerce Center200 Acres, Exit 104

Factors in Caroline’s Favor

Land

Orrock-Sims Assemblage1000 Acres, Exit 118

Factors in Caroline’s Favor

Land

Union First Market Bankshares Business Park50 Acres - Expandable to 150 Acres

Exit 104

Factors in Caroline’s Favor

Land

Carmel Church Station1100 Acres

Exit 104…and many others.

Thousands of Acres Within A Mile of Interstate 95Available for Development

Elements to Work WithInterstate in Caroline—Reverse Commute Wide Open

Exits 118, 110, 104, 98

Which Leads to Our Northern Neighbors on the Way to DC

Rail

Caroline Has Sites Served By Rail(In Caroline, Dual Tracks)

Natural Gas

Caroline Hosts the Main East Coast Natural Gas Pipeline

Supplies Are Virtually Unlimited

The Same Redundant Fiber as the Empire State Building

Triple Fiber Redundancy and More

Strategic Position at the Center of the Mid Atlantic

Center of the Golden Crescent

Positive Steps for a More Attractive Community

All Caroline Schools are Accredited

All American City Award Winner

Pendleton Golf Course

Mattaponi Springs Golf Course

Meadow Event Park

Ladysmith Village TNDBelmont Subdivision

YMCA

Technology Zones

All of Caroline County is a Technology Zone

Above Factors Impact the County Development Effort

The County is Not EmphasizingRecruiting Retail

Recruiting Large Office Recruiting Small Manufacturers

Recruiting PollutersRecruiting Highly Leveraged Firms

Incubators (Unless from an outside investment)Becoming a Bedroom Community

What’s Left?

Working to Become an Employment CenterRecruiting Large, Well Financed Businesses

Recruiting ManufacturingRecruiting DistributionRecruiting Technology

Recruiting Others

Develop a Long Term Project:TOD in Carmel Church

Any Success in this Approach?McKesson, 340,000 sq. ft. 190 jobs

MC Dean, 370,000 sq. ft. 200 jobsVSE 65,000 sq. ft.—Two Expansions—70 jobs

ASI, 50,000 sq. ft. 50 jobsState Fair of Virginia, 340 acres and 100,000 sq. ft. 40 jobs

Remuda Ranch, 80 jobsUnion Bankshares Corporate HQ, 70,000 sq. ft. 140 jobs

FSI, 40,000 sq. ft. 40 jobsIndiana Floors, 90,000 sq. ft. 30 jobs

Quarrels petroleum rail distribution and storage facilityPatton-Khile Group, 20,000 sq. ft. 40 jobs

Etc.

Caroline recruits well ahead of the statistical average for communities in Virginia and is unmatched by any Virginia community our size in business

recruitment.

Impact

Personal Property Value Assessments Grew from $93,920 in 1990 to $5,359,960 in 2010

A 5,607% Increase

Personal Property Value Assessments Grew from $49,030 in 1990 to $1,951,180 in 2010

A 3,880% Increase

0

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

6,000,000

Carmel Church Personal Property Assessment 1990 to 2010

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

1,800,000

2,000,000

Ladysmith Personal Property Tax Assessment 1990 to 2010

Impact

Carmel Church Assessed Values Grew From $14,648,910 to $187,114,500

A 1,177% Expansion.

Ladysmith Assessed Values Grew From $2,741,670 to $128,124,700

A 4,573% Expansion

0

50,000,000

100,000,000

150,000,000

200,000,000

Carmel Church Real Estate Values 1990 to 2010

0

20,000,000

40,000,000

60,000,000

80,000,000

100,000,000

120,000,000

140,000,000

Ladysmith Real Estate Assessed Values 1990 to 2010

How the Caroline Effort Integrates Into the Region

Employment center brings more people south and to shopping in region—beneficiaries are Spotsylvania and

Fredericksburg

Employment in large firms creates jobs for region, not just Caroline citizens given our small population base

State Fair brings 500,000+ visitors annually—benefits occupancy tax primarily in Fredericksburg, Spotsylvania

and Hanover

State Fair provides premier sales event for vendors, many of whom are located outside of Caroline

AP Hill construction projects benefits larger contractors, mostly located outside of Caroline; the new command will

have regional impact on retail and housing

Conclusion:Caroline pursues its own niche strategy and goals that concomitantly benefits the region with minimal strategic

overlap.