BIZ ENVIRONMENT
Prince William County combines a robust workforce, strategic location, and competitive costs to provide a unique business environment in the Metro Washington DC area and Mid-Atlantic region.
ROBUST WORKFORCE
- 42% of adults hold a 4-year degree and workers per capita holding an advanced degree is 2.5 times more than the national average,
- Median age is 34.4 and 30% of the population is age 25-44 (US average 26%)
- 27% of the workforce in STEM-related positions.
- Access to a large regional workforce with 2.1 million prospective employees within 30 miles and 1.5 million within a 30-minute commute.
- The County’s high schools rank among the top 9% in the nation (Newsweek / Washington Post “Challenge Index”).
- Prince William County houses six campuses of higher education, including George Mason University (Mason) Science & Technology Campus, Strayer University, and Northern Virginia Community College’s (NOVA’s) Woodbridge and Manassas campuses.
- The County’s talent pipeline is feed by over 40 colleges and universities throughout Northern Virginia and the Washington, DC metropolitan area, including George Washington University, Georgetown University, Howard University, and the University of Maryland.
STRATEGIC LOCATION
- Five of the top 10 US markets are within a days drive
- Immediate access to two major U.S. interstate corridors – I-95 and I-66
- Service from two major international airports – Dulles International Airport (Foreign Trade Zone #137) and Ronald Reagan Washington National Airport – and Manassas Regional Airport, the largest regional airport in the Commonwealth of Virginia
- Access to two of the largest railway systems in the United States – CSX and Norfolk Southern
- Access to 6 million consumers with a median household income of $92,324 in the Washington Metropolitan Area.
- 26 fiber companies provide .17 milliseconds of latency to Ashburn’s internet hub that serves 60% of the world’s internet traffic.
- Virginia named “Best State for Business” 2019 by CNBC
COMPETETIVE COSTS
- At $45,277, Prince William County’s average annual wage is 35% less than the Northern Virginia region and 17% less than the Commonwealth of Virginia.
- Industrial electricity rates 37% below the national average.
- Commercial lease rates 21% lower than Washington DC Metro
- Consumer Prices 5% lower than the rest of Northern Virginia
- Site Selection magazine named Virginia #1 for Business Climate Competitiveness
- Virginia Ranked 15th for lowest state and local taxes per $1,000 Income