virginia - fredregion · 1125 jefferson davis highway, suite 240 fredericksburg, va 22401 p.o. box...
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Annual Report 2017-2018
City of Fredericksburg | Caroline County | King George County Spotsylvania County | Stafford County
Investors: Fredericksburg Regional Alliance at the University of Mary WashingtonBB&T Bank
Baskervill
Bowman Consulting
Branch Civil
Caroline County
Carter Bank & Trust
City of Fredericksburg
Cleydael Ltd Partnership
Coldwell Bankers
Collins Contracting Company, Inc.
Columbia Gas of Virginia
Cornerstone RPO
Cox Business Services
Creative
Dominion Energy
Draper Aden Associates
ECS Mid-Atlantic, LLC
Fredericksburg Area Association of Realtors
Froehling & Robertson
GEICO
Germanna Community College
Hilldrup
Hirschler Fleischer
Hourigan Construction
King George County
Longwood Business Center
Luck Stone
Mary Washington Healthcare
Mid-Atlantic Associates LLC
Old Dominion Electric Cooperative
PBMares
PNC Bank
Proxios
Quarles Petroleum
Rappahannock Electric Cooperative
Robert B Payne
Sands Anderson
Silver Companies
Spangler Erkert & Associates
Spotsylvania County
sPower
Stafford County
Stafford Printing
Cushman, Wakefield and Thalhimer
Union Bank & Trust
University of Mary Washington
Vanderpool, Frostick & Nishanian, P.C
Virginia Credit Union
Virginia Partners Bank
Wack General Contractors
Walton Group VIRGINIA
“The FRA provided us valuable
assistance with utilities, labor
information, connectivity and
welcomed us to the region, making
it an easy transition for our company.
They remain in constant contact
with us, as we consider other
growth opportunities.”
– Stephen Nunn, President, Piovan North America
located in Spotsylvania
Vision:Our vision is that the Fredericksburg Region
becomes the region of choice for businesses
looking to expand or locate in Virginia.
Mission:The Fredericksburg Regional Alliance assists the
public and private sector by supporting existing
businesses and aggressively recruiting new
businesses to the Fredericksburg Region.
Contact: 1125 Jefferson Davis Highway, Suite 240
Fredericksburg, VA 22401
P.O. Box 119
Fredericksburg, VA 22404
540-361-7373
www.FredRegion.com
Fredericksburg Regional Alliance at the University of Mary Washington
@fredregion @fredregion
“The Fredericksburg Regional Alliance was
of great help to our company when deciding
where to expand. They provided valuable
assistance to us in working with the state and
county economic development offices to obtain
two Commonwealth Opportunity Fund Grants
and a training grant from VEDP.”
– Scott Stewart, Corporate VP of Acquisitions and Continuous Improvement, idX located in Spotsylvania
Metrics:Dear Alliance Partners,
Thank you for your continued support of our organization. As we have noted before, economic development results are driven by lead volume within a fiscal year. It may take several years for previous efforts to bear fruit. From our B2B work, new marketing campaign and continued attention to the shift in strategy in business attraction, the Fredericksburg Regional Alliance has had a significant impact on the economy of the Fredericksburg region over the past four years. The progress achieved is credited to the hard work of the Alliance Board, investors, local economic development colleagues, the region’s elected and appointed officials and the FRA staff. As always, thank you. Sincerely,
Linda Worrell Curry Roberts
Board of Directors The Honorable Jack Cavalier
Board of Supervisors, Stafford County
Mr. Kent Farmer President & CEO, Rappahannock Electric Cooperative
The Honorable Clayton Forehand Board of Supervisors, Caroline County
The Honorable Richard Granger Board of Supervisors, King George County
The Honorable Mary Katherine Greenlaw Mayor, City of Fredericksburg
Dr. Janet Gullickson President, Germanna Community College
Mr. Lloyd Harrison, Vice Chair President & CEO, Virginia Partners Bank
Mr. Pete Humes Senior Vice President, Union Bank & Trust
Dr. Michael McDermott President & CEO, Mary Washington Healthcare
The Honorable Timothy McLaughlin Board of Supervisors, Spotsylvania County
Dr. Troy Paino, Secretary President, University of Mary Washington
Mr. Jarrott Patteson Senior Vice President & Market President, BB&T-Greater Fredericksburg
Mr. Charles Payne, Jr., Treasurer Partner, Hirschler Fleischer
Mr. Sam Proctor CEO, Froehling and Robertson, Inc.
Mr. Ben Thompson Land Use and Development Director, Luck Companies
Mr. Michael Vanderpool, General Counsel Vanderpool, Frostick & Nishanian, P.C.
Ms. Amy Wolfe Director of Sales & Service, GEICO
Ms. Linda Worrell, Chair Silver Companies
Staff Mr. Curry Roberts
President
Mr. Todd Gillingham Vice President, Marketing and Operations
Mr. Nick Minor Manager, Communications and Research
Ms. Kellyn Staneart Investor and Administrative Support Specialist
1 Jul 1 Aug 1 Sep 1 Oct 1 Nov 1 Dec 1 Jan 1 Feb 1 Mar 1 Apr 1 May 1 Jun
FY 2018 Starts
Houston Call Tripw/ VEDP
EAIC FDI SeminarRichmond, VA
Toronto Call Trip w/ ROI
VEDP Update
FRA Annual Meeting
Data Center WorldSan Antonio, TX CANSEC 2018
AFCEA Defensive Cyber Operations Call Trip
Baltimore, MDDef. & Sec. International (DSEI)
Conference w/ VEDP
IAMC Richmond, VA
SeaAirSpace National Harbor, MD
SelectUSA Investment
Summit
FY 2018 Ends
FY2
016
FY2
017
FY2
01833
38
45
Private Sector Investors
3-Year ROI
$147.03For every dollar invested in the Alliance
over the past 3 years, the region received a return on investment of $147.03.
Year Capital Investment Announcements Jobs Payroll
FY2016-17 $293,000,000 5 704 $28,305,300
FY2018 $2,680,000 1 25 $1,082,300
Project Pipeline
0
5
10
15
20
25
30
35
40
50
45
FY2016
FY2017
48
29
37
16
2
FY2018