REGIONAL BASELINE MEASURES REGION 6 2 Region 6 Counties of: • Caroline, Essex, Gloucester, King and Queen, King George, King William, Lancaster, Mathews, Middlesex, Northumberland, Richmond, Spotsylvania, Stafford, Westmoreland City of: • Fredericksburg 3 Data Included • Population • Population Trends • Components of Population Change • Income and Wealth • Per Capita Income • Poverty • Employment • Total Employment Trends • Unemployment • Economic Sectors • Employment Trends by Industry Sector • Relative Concentration (Location Quotients) by Sector • Wages by Industry Sector 4 Data Included • Labor Force • • • • Labor Force Participation Commuting Educational Attainment Educational Awards • Firm Growth • • • • Jobs Created by Young Companies (5 years old or less) Jobs Created by Older Companies (greater than 10 years old) Jobs Created by Small Companies (less than 20 employees) Sole Proprietorships • Local Government Costs • Average Cost of Government Services 5 Population 6 Population Trends 140 130 Population (2000=100) 120 110 100 Virginia 90 US Region 6 80 Source: US Census Bureau, Population Estimates Programs 7 Population Trends Population Trends: Region 6 1995 United States Virginia Region 6 Caroline Essex Gloucester King and Queen King George King William Lancaster Mathews Middlesex Northumberland Richmond Spotsylvania Stafford Westmoreland Fredericksburg city 265,471,847 6,696,100 336,700 21,100 9,600 32,900 6,600 15,700 12,200 11,300 9,000 9,400 11,600 8,600 72,200 78,700 16,600 21,200 2000 2010 2016 281,424,600 308,745,538 323,127,513 7,105,817 8,025,773 8,411,808 376,459 470,955 501,780 22,136 28,646 30,178 9,984 11,148 11,123 34,793 36,939 37,214 6,620 6,969 7,159 16,916 23,680 25,984 13,238 15,986 16,334 11,549 11,371 10,972 9,142 8,959 8,782 9,932 10,970 10,778 12,229 12,348 12,222 8,803 9,268 8,774 91,387 123,174 132,010 93,625 129,845 144,361 16,644 17,450 17,592 19,461 24,202 28,297 Source: US Census Bureau, Population Estimates Programs Annual Annual Annual Growth Growth Growth (95-00) (00-10) (10-16) 1.2% 0.9% 0.8% 1.2% 1.2% 0.8% 2.3% 2.3% 1.1% 1.0% 2.6% 0.9% 0.8% 1.1% 0.0% 1.1% 0.6% 0.1% 0.1% 0.5% 0.4% 1.5% 3.4% 1.6% 1.6% 1.9% 0.4% 0.4% -0.2% -0.6% 0.3% -0.2% -0.3% 1.1% 1.0% -0.3% 1.1% 0.1% -0.2% 0.5% 0.5% -0.9% 4.8% 3.0% 1.2% 3.5% 3.3% 1.8% 0.1% 0.5% 0.1% -1.7% 2.2% 2.6% 8 Components of Population Change Region 6 7,000 6,000 5,000 Population Change 3,089 2,059 4,000 2,577 2,367 2,632 335 3,000 605 1,032 843 792 967 766 2,000 1,000 2,302 2,020 1,896 2,110 1,943 2011-2012 2012-2013 2013-2014 2014-2015 1,698 0 2010-2011 Net Domestic Migration Source: US Census Bureau, Population Estimates Program, V2016 Net Int'l Migration Natural Increase 2015-2016 9 Components of Population Change Region 6 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 Natural Increase 2,302 2,020 1,896 2,110 1,943 1,698 Net Int'l Migration 605 1,032 792 843 967 766 Net Domestic Migration 3,089 2,059 2,367 2,577 335 2,632 Source: US Census Bureau, Population Estimates Program, V2016 10 Income and Wealth 11 Per Capita Income $70,000 United States Virginia $60,000 Region 6 Per Capita Income $50,000 $40,000 $30,000 $20,000 $10,000 $0 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Source: US Bureau of Economic Analysis, PCI adjusted for 2015 dollars 12 Per Capita Income Per Capita Income: Region 6 1996 2000 2010 2015 United States $37,340 $42,231 $43,902 $48,112 Virginia $39,203 $45,144 $49,421 $52,052 Region 6 $33,993 $38,639 $44,997 $46,109 Caroline $30,199 $34,636 $37,247 $38,035 Essex $29,352 $32,393 $36,521 $38,644 Gloucester $32,317 $36,044 $43,332 $44,728 King and Queen $30,501 $33,789 $35,748 $35,980 King George $36,736 $40,046 $49,283 $50,109 King William $36,340 $38,699 $39,942 $42,633 Lancaster $39,029 $43,902 $47,816 $50,763 Mathews $37,913 $44,286 $47,755 $50,774 Middlesex $34,092 $38,248 $42,317 $45,488 Northumberland $32,363 $35,550 $39,171 $42,790 Richmond $24,345 $25,555 $28,754 $32,128 Spotsylvania + Fredericksburg, VA* $34,813 $40,289 $45,194 $46,401 Stafford $35,686 $40,658 $50,678 $50,067 Westmoreland $29,265 $33,907 $36,420 $38,991 Source: US Bureau of Economic Analysis, PCI adjusted for 2015 dollars Annual Annual Annual Growth Growth Growth (96-00) (00-10) (10-15) 1.2% 0.4% 1.5% 1.4% 0.9% 0.9% 1.3% 1.5% 0.4% 1.4% 0.7% 0.3% 1.0% 1.2% 0.9% 1.1% 1.9% 0.5% 1.0% 0.6% 0.1% 0.9% 2.1% 0.3% 0.6% 0.3% 1.1% 1.2% 0.9% 1.0% 1.6% 0.8% 1.0% 1.2% 1.0% 1.2% 0.9% 1.0% 1.5% 0.5% 1.2% 1.9% 1.5% 1.2% 0.4% 1.3% 2.2% -0.2% 1.5% 0.7% 1.1% 13 Poverty 25% US Virginia Region 6 Percent of population in poverty 20% 15.9% 15% 14.7% 13.3% 12.7% 11.6% 10% 10.2% 8.8% 9.6% 11.2% 9.5% 8.9% 7.7% 5% 14 0% 1998 Poverty Rate 2006 Poverty Rate Source: US Census Bureau, Small Area Income and Poverty Estimates 2011 Poverty Rate 2015 Poverty Rate Poverty Poverty Trends: Region 6 United States Virginia Region 6 Caroline Essex Gloucester King and Queen King George King William Lancaster Mathews Middlesex Northumberland Richmond Spotsylvania Stafford Westmoreland Fredericksburg city 1998 2006 2011 2015 Poverty Poverty Poverty Poverty Rate Rate Rate Rate 12.7% 13.3% 15.9% 14.7% 10.2% 9.6% 11.6% 11.2% 8.8% 7.7% 9.5% 8.9% 13.0% 9.4% 12.2% 12.0% 14.6% 12.4% 14.9% 15.5% 9.8% 9.6% 10.2% 9.3% 14.6% 12.2% 13.2% 14.0% 8.1% 6.0% 6.9% 7.1% 8.1% 6.9% 8.7% 7.9% 15.4% 13.5% 15.7% 13.1% 10.2% 8.3% 10.0% 10.2% 12.1% 12.7% 12.8% 12.8% 12.8% 13.4% 13.8% 13.7% 16.7% 16.5% 20.4% 17.7% 5.9% 5.6% 7.6% 7.7% 5.1% 4.4% 6.3% 5.4% 14.9% 14.5% 17.3% 14.1% 14.1% 14.9% 15.9% 15.9% Source: US Census Bureau, Small Area Income and Poverty Estimates 15 Employment 16 Total Employment Trends 140 Population/Employment (2000=100) 130 120 110 100 Virginia-Population Virginia-Employment 90 Region 6-Population Region 6-Employment 17 80 1996 1997 19981999 2000 2001 2002 2003 2004 20052006 2007 2008 20092010 2011 2012 20132014 2015 2016 Source: US Census Bureau Population Estimates, US Bureau of Labor Statistics Local Area Unemployment Statistics (2016 preliminary) Total Employment Trends Employment Trends: Region 6 1996 United States Virginia Region 6 Caroline Essex Gloucester King and Queen King George King William Lancaster Mathews Middlesex Northumberland Richmond Spotsylvania Stafford Westmoreland Fredericksburg city 126,707,500 3,268,553 163,564 9,207 4,106 16,293 2,827 7,702 5,927 4,477 4,314 4,399 4,552 3,638 38,463 41,020 6,756 9,883 2000 2010 2016 136,891,000 139,064,000 151,436,000 3,522,865 3,860,386 4,070,260 185,676 220,127 231,258 10,758 12,972 14,356 5,013 5,196 5,232 17,252 18,219 18,338 3,079 3,302 3,495 8,243 10,573 11,615 6,896 8,011 8,545 4,566 5,024 4,757 4,165 3,956 3,898 4,449 4,789 4,776 5,192 5,617 5,091 3,277 4,058 3,736 47,689 58,922 61,616 47,600 59,748 64,323 7,411 8,436 8,405 10,086 11,304 13,075 Source: US BLS Local Area Unemployment Statistics (2016 preliminary) Annual Annual Annual Growth Growth Growth (96-00) (00-10) (10-16) 2.0% 0.2% 1.4% 1.9% 0.9% 0.9% 3.2% 1.7% 0.8% 4.0% 1.9% 1.7% 5.1% 0.4% 0.1% 1.4% 0.5% 0.1% 2.2% 0.7% 0.9% 1.7% 2.5% 1.6% 3.9% 1.5% 1.1% 0.5% 1.0% -0.9% -0.9% -0.5% -0.2% 0.3% 0.7% 0.0% 3.3% 0.8% -1.6% -2.6% 2.2% -1.4% 5.5% 2.1% 0.7% 3.8% 2.3% 1.2% 2.3% 1.3% -0.1% 0.5% 1.1% 2.5% 18 Unemployment 14.0% 12.0% United States Virginia Region 6 Unemployment Rate 10.0% 8.0% 6.0% 4.0% 2.0% 19 0.0% 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Source: US Bureau of Labor Statistics, Local Area Unemployment Statistics Employment Sectors 20 Employment Trends by Industry Sector 40,000 35,000 Total Government 30,000 Trade, transportation, and utilities Education and health services Manufacturing 25,000 Employment Leisure and hospitality Professional and business services 20,000 Natural resources and mining Construction Financial activities 15,000 Other services Information 10,000 5,000 0 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (Q3) Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages **Local government employment in Caroline County for (2005, 2007-2008) and in all years for King George and Mathews counties is not included due to data suppressions. 21 Employment Trends by Industry Sector Region 6: Industry Sectors Sector Trade, transportation, and utilities Education and health services Local government Leisure and hospitality Professional and business services Federal government Financial activities Construction Other services Manufacturing State government Information Natural resources and mining Employment# 2005 2015 29,998 30,448 16,654 20,424 15,279 19,957 14,185 18,112 13,907 15,819 12,881 10,048 9,030 9,246 6,676 7,548 5,082 5,782 4,866 5,285 3,673 4,168 2,084 1,313 1,305 1,205 LQ 2005 2015 1.11 1.05 1.15 0.89 1.14 1.33 0.82 1.11 0.78 0.74 1.68 3.36 1.07 1.09 0.45 1.08 1.12 1.24 1.69 0.40 0.77 0.84 0.65 0.44 0.72 0.56 2015 2015 US Region 6 Avg Avg Wage Wage $32,756 $44,321 $43,040 $47,383 $37,048 $47,573 $15,863 $21,807 $62,860 $69,270 $102,897 $77,900 $51,522 $87,915 $43,551 $57,009 $27,126 $35,116 $48,748 $64,305 $41,954 $55,878 $48,384 $95,098 $35,956 $58,461 Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages *2015 is the most recently available complete year #Does not include suppressed employment *Additional data available in accompanying spreadsheet for the years: 1996,2000,2005,2010,2015 22 Industry Wages by Sector (1996) $21,629 Total Covered Employment $31,396 Federal Gov't $25,601 State Gov't $22,633 Local Gov't $19,958 Nat'l resources & mining $23,514 Construction $25,366 Manufacturing $19,312 Trade, trans., & utilities $27,465 Information Financial services $24,592 Prof. & business services $24,484 $23,301 Edu. & health services Region 6 Virginia $9,107 Leisure & hospitality $16,839 Other services $0 $25,000 $50,000 Average Wages (1996) Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages * Wages in 2015 dollars $75,000 23 Industry Wages by Sector (2000) $26,480 Total Covered Employment $54,856 Federal Gov't $32,114 State Gov't $26,258 Local Gov't $13,377 Nat'l resources & mining $26,806 Construction $29,162 Manufacturing $22,586 Trade, trans., & utilities $37,072 Information $31,934 Financial services $30,389 Prof. & business services $25,672 Edu. & health services Region 6 Virginia $10,330 Leisure & hospitality $19,067 Other services $0 $25,000 $50,000 Average Wages (2000) Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages * Wages in 2015 dollars $75,000 $100,000 24 Industry Wages by Sector (2005) $32,883 Total Covered Employment $69,991 Federal Gov't $34,472 State Gov't $32,872 Local Gov't $27,049 Nat'l resources & mining $36,571 Construction $37,534 Manufacturing $27,701 Trade, trans., & utilities Information $40,835 Financial services $41,185 $43,706 Prof. & business services $34,730 Edu. & health services Region 6 Virginia $12,656 Leisure & hospitality $23,032 Other services $0 $25,000 $50,000 $75,000 Average Wages (2005) Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages * Wages in 2015 dollars $100,000 $125,000 25 Industry Wages by Sector (2010) $38,729 Total Covered Employment $90,588 Federal Gov't $38,898 State Gov't $35,136 Local Gov't $28,831 Nat'l resources & mining $38,068 Construction $43,065 Manufacturing $29,946 Trade, trans., & utilities $46,726 Information $44,234 Financial services $57,482 Prof. & business services $40,517 Edu. & health services Region 6 Virginia $14,569 Leisure & hospitality $24,853 Other services $0 $25,000 $50,000 $75,000 Average Wages (2010) Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages * Wages in 2015 dollars $100,000 $125,000 26 Industry Wages by Sector (2015) $42,966 Total Covered Employment $102,897 Federal Gov't $41,954 State Gov't $37,048 Local Gov't $35,956 Nat'l resources & mining $43,551 Construction $48,748 Manufacturing $32,756 Trade, trans., & utilities $48,384 Information $51,522 Financial services $62,860 Prof. & business services $43,040 Edu. & health services Region 6 $15,863 Leisure & hospitality Virginia $27,126 Other services $0 $25,000 $50,000 $75,000 Average Wages (2015) Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages $100,000 $125,000 27 Labor Force 28 Labor Force Participation 80% US Virginia Region 6 70% Labor Force Participation Rate 60% 65.0% 67.4% 66.6% 66.3% 63.7% 65.4% 50% 40% 30% 20% 10% 29 0% LF Participation (06-10) Source: US Census Bureau, 2006-2010 and 2011-2015 American Community Surveys LF Participation (11-15) Labor Force Participation Labor Force Participation Rate: Region 6 LF Participation (06-10) LF Participation (11-15) United States 65.0% 63.7% Virginia 67.4% 66.3% Region 6 66.6% 65.4% Caroline 65.6% 67.8% Essex 62.7% 62.2% Gloucester 64.7% 62.6% King and Queen 59.5% 60.3% King George 71.1% 70.3% King William 68.5% 66.6% Lancaster 56.1% 52.8% Mathews 52.1% 53.7% Middlesex 53.0% 50.9% Northumberland 53.8% 51.7% Richmond 49.7% 45.2% Spotsylvania 70.2% 68.1% Stafford 72.1% 69.8% Westmoreland 61.6% 57.1% Fredericksburg city 62.2% 67.0% Source: US Census Bureau, 2006-2010 and 2011-2015 American Community Surveys 30 Commuting (Inflow/Outflow) Inflow/Outflow Job Counts (Primary Jobs): Region 6 2014 Employed in the Selection Area Employed in the Selection Area but Living Outside Employed and Living in the Selection Area Living in the Selection Area Living in the Selection Area but Employed Outside Living and Employed in the Selection Area Count 125,762 43,595 82,167 194,386 112,219 82,167 Share 100.00% 34.70% 65.30% 100.00% 57.70% 42.30% Source: US Census Bureau, Longitudinal Employer-Household Dynamics OnTheMap, 2014 31 Commuting (Inflow/Outflow) Commuting Patterns 2014: Region 6 Employed in Selection Area Employed in the Selection Area but Living Outside Employed and Living in the Selection Area Living in the Selection Area Virginia 3,313,939 286,033 8.6% 3,027,906 91.4% 3,377,666 Region 6 125,762 43,595 34.7% 82,167 65.3% 194,386 Caroline 4,072 2,658 65.3% 1,414 34.7% 13,862 Essex 3,567 2,455 68.8% 1,112 31.2% 5,220 Gloucester 8,051 4,693 58.3% 3,358 41.7% 14,584 King and Queen 860 597 69.4% 263 30.6% 3,718 King George 5,403 3,742 69.3% 1,661 30.7% 8,659 King William 3,293 2,325 70.6% 968 29.4% 8,732 Lancaster 3,997 2,297 57.5% 1,700 42.5% 5,092 Mathews 1,325 799 60.3% 526 39.7% 2,997 Middlesex 2,994 1,910 63.8% 1,084 36.2% 7,455 Northumberland 2,084 1,129 54.2% 955 45.8% 4,980 Richmond 2,435 1,809 74.3% 626 25.7% 3,356 Spotsylvania 31,088 18,515 59.6% 12,573 40.4% 50,155 Stafford 33,100 22,254 67.2% 10,846 32.8% 48,613 Westmoreland 2,945 1,512 51.3% 1,433 48.7% 7,401 Fredericksburg city 3,368 2,594 77.0% 774 23.0% 3,036 Source: US Census Bureau, Longitudinal Employer-Household Dynamics OnTheMap, 2014 Living in the Selection Area but Employed Outside 349,760 112,219 12,448 4,108 11,226 3,455 6,998 7,764 3,392 2,471 6,371 4,025 2,730 37,582 37,767 5,968 2,262 Living and Employed in the Selection Area 10.4% 3,027,906 57.7% 82,167 89.8% 1,414 78.7% 1,112 77.0% 3,358 92.9% 263 80.8% 1,661 88.9% 968 66.6% 1,700 82.4% 526 85.5% 1,084 80.8% 955 81.3% 626 74.9% 12,573 77.7% 10,846 80.6% 1,433 74.5% 774 89.6% 42.3% 10.2% 21.3% 23.0% 7.1% 19.2% 11.1% 33.4% 17.6% 14.5% 19.2% 18.7% 25.1% 22.3% 19.4% 25.5% 32 *Additional data available for each year 2002-2014 in accompanying spreadsheet Commuting (Inflow/Outflow) 100% 95% Region 6-Share of Employees Living and Working in the Region PopulatShare of Employees Living and Working in the Region 90% 85% 80% 75% 70% 65% 60% 55% 33 50% 2002 2003 2004 2005 2006 2007 2008 2009 Source: US Census Bureau, Longitudinal Employer-Household Dynamics OnTheMap, 2014 2010 2011 2012 2013 2014 Commuting (Inflow/Outflow) Jobs Counts by States Where Workers Live: Region 6 2014 Count Share All States 125,762 100.0% Virginia 120,754 96.0% Maryland 2,459 2.0% North Carolina 500 0.4% Pennsylvania 377 0.3% West Virginia 346 0.3% All Other Locations 1,326 1.1% Source: US Census Bureau, Longitudinal Employer-Household Dynamics OnTheMap, 2014 34 Educational Attainment 40% US Virginia Region 6 35% 30.8% 30% 22.5% 25% 7.5% 10% 10.5% 15% 5% 11.2% 17.5% 20% 0% Less than High School HS graduate (incl. GED) Some College, No degree Source: US Census Bureau, 2011-2015 American Community Survey Associate's Degree Bachelor's Degree Grad. Or Prof. Degree 35 Educational Attainment Educational Attainment: Region 6 United States Virginia Region 6 Caroline Essex Gloucester King and Queen King George King William Lancaster Mathews Middlesex Northumberland Richmond Spotsylvania Stafford Westmoreland Fredericksburg city Less than High School 14.9% 13.9% 13.1% 18.2% 19.9% 14.7% 24.2% 9.8% 13.1% 17.7% 15.4% 12.4% 15.9% 25.4% 11.5% 8.5% 23.4% 13.4% 2006-2010 2011-2015 HS Some HS Some graduate College, Grad. Or Less than graduate College, Grad. Or (incl. No Associate's Bachelor's Prof. High (incl. No Associate's Bachelor's Prof. GED) degree Degree Degree Degree School GED) degree Degree Degree Degree 29.0% 20.6% 7.5% 17.6% 10.3% 13.3% 27.8% 21.1% 8.1% 18.5% 11.2% 26.0% 19.6% 6.7% 19.9% 13.9% 11.7% 24.8% 19.9% 7.3% 21.0% 15.4% 31.3% 21.5% 7.1% 17.0% 10.0% 10.5% 30.8% 22.5% 7.5% 17.5% 11.2% 39.5% 22.0% 4.9% 11.0% 4.5% 17.8% 36.7% 20.6% 5.8% 12.9% 6.2% 36.5% 20.4% 6.6% 12.8% 3.8% 17.7% 38.5% 22.9% 5.7% 9.0% 6.2% 33.3% 25.0% 7.9% 12.9% 6.3% 9.8% 33.9% 22.6% 11.7% 14.1% 8.0% 42.5% 19.6% 3.7% 7.3% 2.6% 15.2% 41.1% 20.2% 5.5% 12.5% 5.6% 30.3% 21.8% 7.6% 20.2% 10.3% 7.3% 30.3% 22.6% 7.4% 19.0% 13.3% 40.1% 21.1% 6.0% 14.4% 5.4% 12.3% 39.4% 22.3% 7.6% 12.5% 5.9% 27.6% 19.5% 7.6% 19.1% 8.6% 10.0% 32.8% 21.4% 7.8% 15.3% 12.6% 37.7% 22.6% 3.6% 11.3% 9.3% 7.9% 33.3% 23.8% 5.9% 16.2% 13.0% 33.6% 19.2% 7.3% 17.2% 10.3% 12.3% 32.5% 24.3% 6.7% 15.3% 8.9% 31.0% 26.2% 4.7% 13.5% 8.8% 11.9% 31.1% 24.7% 6.9% 16.1% 9.3% 41.2% 17.7% 5.9% 7.0% 2.8% 20.9% 40.2% 19.9% 6.2% 8.8% 3.9% 29.5% 22.0% 7.1% 19.0% 10.9% 10.5% 31.7% 21.4% 7.1% 17.9% 11.4% 26.6% 20.8% 8.8% 21.2% 14.2% 6.7% 23.7% 24.3% 8.4% 22.2% 14.6% 35.3% 19.4% 5.9% 8.5% 7.5% 18.9% 36.3% 20.0% 6.4% 11.5% 6.8% 30.2% 19.1% 5.3% 18.5% 13.4% 9.0% 26.9% 21.8% 4.9% 21.2% 16.1% Source: US Census Bureau, 2006-2010 and 2011-2015 American Community Surveys 36 Educational Awards 2,500 Grad. or Prof. Degree 2,000 Bachelor's degree Associate's degree Educational Awards Certificate 1,500 1,000 500 37 0 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Source: US Dept. of Education, National Center for Education Statistics’ (NCES) Integrated Postsecondary Education Data System (IPEDS) Educational Awards Educational Awards/degrees conferred: Region 6 1994-1995 Certificate Virginia 6,915 Region 6 127 Caroline 0 Essex 0 Gloucester 127 King and Queen 0 King George 0 King William 0 Lancaster 0 Mathews 0 Middlesex 0 Northumberland 0 Richmond 0 Spotsylvania 0 Stafford 0 Westmoreland 0 Fredericksburg city 0 Associate's Bachelor's Degree Degree 10,580 30,794 122 829 0 0 0 0 122 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 829 2004-2005 2014-2015 Grad. Or Grad. Or Grad. Or Prof. Associate's Bachelor's Prof. Associate's Bachelor's Prof. Degree Certificate Degree Degree Degree Certificate Degree Degree Degree 13,509 11,632 14,163 36,115 16,602 14,914 25,565 56,893 37,653 13 187 133 939 171 298 266 992 512 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 86 133 0 0 267 246 0 160 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 101 0 0 0 25 20 2 169 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 13 0 0 939 171 6 0 990 183 Source: US Dept. of Education, National Center for Education Statistics’ (NCES) Integrated Postsecondary Education Data System (IPEDS) 38 Educational Awards Educational Awards/degrees conferred by Institution: Region 6 1994-1995 Virginia Region 6 Dominion School of Hair Design Eastern Virginia Career College Rappahannock Community College University of Mary Washington Virginia Baptist College Certificate 6,915 127 0 0 127 0 0 Associate's Bachelor's Degree Degree 10,580 30,794 122 829 0 0 0 0 122 0 0 829 0 0 2004-2005 2014-2015 Grad. Or Grad. Or Grad. Or Prof. Associate's Bachelor's Prof. Associate's Bachelor's Prof. Degree Certificate Degree Degree Degree Certificate Degree Degree Degree 13,509 11,632 14,163 36,115 16,602 14,914 25,565 56,893 37,653 13 187 133 939 171 298 266 992 512 0 0 0 0 0 13 0 0 14 0 101 0 0 0 22 19 0 166 0 86 133 0 0 254 246 0 146 13 0 0 939 171 6 0 990 183 0 0 0 0 0 3 1 2 3 Source: US Dept. of Education, National Center for Education Statistics’ (NCES) Integrated Postsecondary Education Data System (IPEDS) 39 Firm Growth 40 Jobs Created by Young Companies (5 years old or less) 3,500 40% Ave. Quarterly new jobs created by firms 5 years old or less 30% 2,500 25% 2,000 20% 1,500 15% 1,000 Region 6-Young firm (5 yr. old or less) job creation 10% Region 6-Young firm (5 yr. old or less) job creation as a % of total 500 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Source: US Census Bureau, Longitudinal Employer-Household Dynamics, Quarterly Workforce Indicators Young Firm (5 yr. old or less) job creation as a % of total 35% 3,000 5% 0% 41 Jobs Created by Young Companies (5 years old or less) Region 6: Average Quarterly Young firm (5 yr. Young or less) job creation 2000 Average 2010 Average 2000 as a 2010 as a 2015 as a 2015 % of % of % of Average Total Total Total US 2,390,076 1,577,942 1,638,228 Virginia 58,935 42,890 39,288 Region 6 2,731 2,233 1,824 Caroline 123 95 79 Essex 73 44 33 Gloucester 213 130 119 King and Queen 49 11 12 King George 114 117 76 King William 53 45 41 Lancaster 107 90 47 Mathews 48 31 25 Middlesex 84 51 30 Northumberland 105 52 56 Richmond 69 27 36 Spotsylvania 594 583 444 Stafford 668 499 482 Westmoreland 82 71 57 Fredericksburg city 352 390 288 Source: US Census Bureau, LEHD, QWI 30.2% 27.9% 34.8% 36.5% 32.8% 40.5% 53.4% 31.4% 30.6% 24.1% 41.4% 44.0% 31.4% 35.3% 32.9% 47.9% 39.2% 24.2% 26.4% 22.6% 28.3% 31.9% 17.2% 20.9% 17.1% 39.5% 27.7% 37.7% 30.3% 23.0% 20.7% 14.1% 26.5% 30.8% 28.3% 34.5% 26.1% 26.2% 28.9% 35.1% 21.5% 30.2% 23.0% 26.0% 24.7% 22.3% 32.7% 16.6% 24.6% 38.9% 26.9% 33.2% 22.0% 33.0% 42 Jobs Created by Older Companies 7,000 70% 6,000 60% 5,000 50% 4,000 40% 3,000 30% 2,000 Region 6-Older firm (greater than 10 yrs. old) job creation 20% Region 6-Older firm (greater than 10 yrs. old) job creation as a % of total 1,000 10% 0 0% 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Source: US Census Bureau, Longitudinal Employer-Household Dynamics, Quarterly Workforce Indicators Older Firm (greater than 10 yrs. old) job creation as a % of total Ave. Quarterly new jobs created by firms greater than 10 yrs. old (greater than 10 yrs. old) 43 Jobs Created by Older Companies (greater than 10 yrs. old) Region 6: Average quarterly older firm (greater than 10 yrs. old) job creation 2000 Average 2010 Average 2015 Average US 4,591,068 3,706,006 3,911,120 Virginia 126,758 128,052 93,513 Region 6 3,869 4,677 3,638 Caroline 189 165 111 Essex 128 167 100 Gloucester 240 429 215 King and Queen 23 36 36 King George 190 141 181 King William 98 104 96 Lancaster 303 114 119 Mathews 43 56 45 Middlesex 78 122 125 Northumberland 199 171 153 Richmond 108 147 51 Spotsylvania 951 1,326 987 Stafford 516 900 781 Westmoreland 104 154 153 Fredericksburg city 697 645 488 Source: US Census Bureau, LEHD, QWI 2000 as 2010 as a 2015 as a a % of % of % of Total Total Total 58.0% 60.0% 49.3% 56.1% 58.0% 45.8% 25.6% 52.2% 56.5% 68.3% 36.9% 41.1% 59.7% 55.8% 52.6% 37.0% 49.9% 47.9% 62.0% 67.3% 59.2% 55.3% 66.1% 68.9% 57.1% 47.7% 63.8% 47.7% 55.2% 55.5% 68.9% 77.4% 60.3% 55.5% 61.5% 56.9% 62.3% 62.3% 57.7% 49.3% 65.4% 54.3% 71.0% 61.7% 57.2% 56.8% 58.7% 69.6% 66.8% 54.9% 59.7% 53.8% 59.5% 55.8% 44 Jobs Created by Small Companies (less than 20 employees) 4,500 60.0% Ave. Quarterly new jobs created by small firms (0-19 employees) 50.0% 3,500 3,000 40.0% 2,500 30.0% 2,000 1,500 1,000 20.0% Region 6-Small firm (0-19 emp) job creation Region 6-Small firm (0-19 emp) job creation as a % of total 10.0% 500 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Source: US Census Bureau, Longitudinal Employer-Household Dynamics, Quarterly Workforce Indicators 0.0% Small firms (0-19 employees) job creation as a % of total 4,000 45 Jobs Created by Small Companies (less than 20 employees) Region 6: Average quarterly small firm (0-19 Emp.) job creation 2000 Average 2010 Average 2000 as a 2010 as a 2015 as a 2015 % of % of % of Average Total Total Total US 2,736,015 2,152,248 2,260,292 Virginia 65,095 56,625 54,683 Region 6 3,367 3,377 3,116 Caroline 126 124 128 Essex 109 89 74 Gloucester 309 247 232 King and Queen 41 41 31 King George 128 174 151 King William 86 87 100 Lancaster 188 164 124 Mathews 85 64 61 Middlesex 138 127 110 Northumberland 217 141 151 Richmond 103 73 50 Spotsylvania 632 840 737 Stafford 691 690 665 Westmoreland 123 114 129 Fredericksburg city 392 404 375 Source: US Census Bureau, LEHD, QWI 34.5% 30.8% 42.9% 37.4% 49.2% 58.9% 45.2% 35.1% 49.3% 42.4% 74.0% 72.3% 64.9% 53.2% 34.9% 49.6% 59.3% 26.9% 36.0% 29.8% 42.8% 41.5% 35.0% 39.6% 64.7% 59.1% 53.1% 68.8% 63.3% 57.5% 56.5% 38.2% 38.2% 42.6% 45.6% 35.7% 36.0% 36.4% 49.4% 57.2% 48.1% 58.8% 61.5% 51.4% 59.6% 59.3% 80.2% 61.2% 65.7% 54.3% 44.5% 45.8% 50.0% 42.9% 46 Sole Proprietorships (as a percent of total employment) 30% Proprietors as a percent of total employment 25% 20% 15% 10% United States 5% Virginia Region 6 0% Source: US Bureau of Economic Analysis 47 Sole Proprietorships Proprietors as a percent of total employment: Region 6 United States Virginia Region 6 Caroline Essex Gloucester King and Queen King George King William Lancaster Mathews Middlesex Northumberland Richmond Spotsylvania + Fredericksburg, VA* Stafford Westmoreland Source: US Bureau of Economic Analysis Annual Annual Annual Proprietors as 1996 2000 2010 2015 Growth Growth Growth a % of total Proprietors Proprietors Proprietors Proprietors (96-00) (00-10) (10-15) employment 25,345,200 27,760,800 37,508,700 42,561,400 1.8% 3.1% 2.1% 22.4% 574,082 644,573 890,602 1,008,978 2.3% 3.3% 2.1% 19.9% 29,870 34,706 47,498 53,847 3.0% 3.2% 2.1% 24.7% 1,578 2,987 2,535 2,667 13.6% -1.6% 0.8% 30.0% 952 923 1,304 1,398 -0.6% 3.5% 1.2% 25.3% 3,044 3,508 3,862 3,849 2.9% 1.0% -0.1% 27.6% 599 952 701 790 9.7% -3.0% 2.0% 42.8% 1,415 3,341 2,314 2,485 18.7% -3.6% 1.2% 17.2% 1,060 885 1,625 1,831 -3.5% 6.3% 2.0% 31.2% 1,485 1,728 2,021 2,128 3.1% 1.6% 0.9% 30.4% 1,004 1,060 1,333 1,442 1.1% 2.3% 1.3% 47.2% 1,044 1,101 1,813 1,902 1.1% 5.1% 0.8% 35.1% 1,413 1,428 1,626 1,833 0.2% 1.3% 2.0% 41.0% 674 759 910 990 2.4% 1.8% 1.4% 24.2% 8,643 9,620 13,792 16,693 2.2% 3.7% 3.2% 21.2% 5,427 4,811 11,656 13,711 -2.4% 9.3% 2.7% 23.3% 1,532 1,603 2,006 2,128 0.9% 2.3% 1.0% 35.9% 48 Local Government Costs 49 Average Cost of Government Services (Per Capita Local Government Expenditures) $4,000 $3,500 $3,000 Per Capita Local Government Expenditures $2,500 $2,000 $1,500 $1,000 Virginia Region 6 $500 $0 2006 2007 2008 2009 2010 Source: Virginia Auditor of Public Accounts, adjusted for 2016 dollars 2011 2012 2013 2014 2015 2016 50 Average Cost of Government Services (Per Capita Local Government Expenditures) Per Capita Local Government Expenditures: Region 6 Annual Annual 2006 2011 2016 Growth Growth (06-11) (11-16) Virginia $3,217 $3,137 $3,201 -0.4% 0.3% Region 6 $2,818 $2,745 $2,826 -0.4% 0.5% Caroline $2,544 $2,325 $2,508 -1.5% 1.3% Essex $2,799 $2,678 $2,856 -0.7% 1.1% Gloucester $2,566 $2,394 $2,471 -1.1% 0.5% King & Queen $2,999 $2,746 $2,578 -1.5% -1.0% King George $2,484 $2,538 $2,636 0.4% 0.6% King William $2,534 $2,295 $2,270 -1.6% -0.2% Lancaster $2,419 $2,618 $2,576 1.3% -0.3% Mathews $2,581 $2,483 $2,850 -0.6% 2.3% Middlesex $2,303 $2,212 $2,266 -0.7% 0.4% Northumberland $2,244 $2,373 $2,598 0.9% 1.5% Richmond $2,298 $2,509 $2,728 1.5% 1.4% Spotsylvania $2,816 $2,770 $2,913 -0.3% 0.8% Stafford $3,017 $2,972 $2,868 -0.3% -0.6% Westmoreland $2,400 $2,250 $2,294 -1.1% 0.3% Fredericksburg city $4,394 $4,003 $4,396 -1.5% 1.6% Source: Virginia Auditor of Public Accounts, adjusted for 2016 dollars 51 Thank You Terry L. Clower Ph.D. – [email protected] Mark C. White Ph.D. – [email protected] Spencer A. Shanholtz – [email protected] cra.gmu.edu @GMU_CRA 52
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