Corporate Headquarters

Transcription

1 Say Yes To Aerospace in Virginia Corporate Headquarters 1

2 Many of the Nation s Largest Companies Call Virginia Home: Virginia is home to 73 company headquarters that each have annual sales of more than $500 million 1 Twenty-three companies headquartered in Virginia each have annual sales of at least $5 billion 1 Virginia is also home to the corporate headquarters of 35 Fortune 1000 companies, and many of the largest private companies in the United States Virginia leads the nation with the highest concentration of tech workers; one of every 10 private sector workers in Virginia works for a technology company 2 Centrally located on the East Coast, Virginia offers access to 43% of the U.S. population in a day s drive; fifty-five percent of the U.S. population are within a 750-mile radius 1 Virginia Business: 2014 Largest Companies 2 Tech America Foundation: Cyberstates

3 Critical Business Attributes: An existing business concentration with a large, growing labor pool of skilled, professional workers A central East Coast location with easy access to major national and international markets A port with channel depth of 50-feet and roll-on/roll-off (RORO) access All the amenities necessary to recruit and keep a professional workforce, including colleges and universities offering specialized business and technical degrees A low cost of doing business Industries with Headquarters in Virginia: Aerospace Insurance Chemicals Printing and Publishing Computer and Data Services Retail Trade Consumer Food Products Telecommunications Defense Tobacco Products Financial Services Utilities Healthcare Virginia Offers Global Access: Virginia s Commercial Airports provide non-stop service to 137 destinations world-wide. Daily Nonstop Flights, Average Travel Times From To New York City To Boston To Chicago Washing Dulles International Airport 1 hour, 15 minutes 1 hour, 30 minutes 2 hours Ronald Reagan Washington National Airport 1 hour, 15 minutes 1 hour, 30 minutes 2 hours Richmond International Airport 1 hour, 30 minutes 1 hour, 40 minutes 2 hours, 12 minutes Norfolk International Airport 1 hour, 30 minutes 1 hour, 40 minutes 2 hours, 25 minutes 3

4 Major Corporate Headquarters in Virginia (Top 50 by Revenue): Company City Revenue ($m) Fortune 1000 Rank ADS Inc. Virginia Beach $1,250.0 ** Advance Auto Parts Roanoke $6, AES Corp. Arlington $16, Alpha Natural Resources Bristol $5, Altria Group Richmond $24, ATK (Alliant Techsystems Inc.) Arlington $4, AvalonBay Communities Inc. Alexandria $1,462.9 ** Booz Allen Hamilton McLean $5, CACI International Arlington $3, Capital One McLean $24, Carahsoft Technology Corp. Reston $1,400.0 ** CarMax Richmond $12, Carpenter Co. Richmond $1,600.0 ** Colfax Corp. Richmond $4,207.2 ** Computer Sciences Corp. Falls Church $13, Dollar Tree Inc. Chesapeake $7, Dominion Resources Richmond $13, DynCorp International Inc. Falls Church $4,000.0 ** eplus inc Herndon $1,033.9 ** Estes Express Lines Richmond $1,900.0 ** Exelis Inc. McLean $4, Gannett Co. McLean $5, General Dynamics Falls Church $31, Genworth Financial Richmond $9, Hilton Worldwide Holdings Inc.2 McLean $9,

5 Company City Revenue ($m) Fortune 1000 Rank Huntington Ingalls Industries Inc. Newport News $6, K-VA-T Food Stores Inc. Abingdon $2,200.0 ** Leidos Holdings Inc.3 Reston $6, Mantech International Corp. Fairfax $2, Markel Corp. Glen Allen $3, Mars Inc. McLean $33,000.0 ** Maximus Reston $1,451.6 ** Md. & Va. Milk Producers Cooperative Reston $1,296.0 ** MeadWestvaco Richmond $5, NewMarket Corp. Richmond $2, NII Holdings Inc. Reston $5, Norfolk Southern Corp. Norfolk $11, Northrop Grumman Corp. Falls Church $24, NVR Inc. Reston $4, Orbital Sciences Corp. Dulles $1,436.8 ** Owens & Minor Mechanicsville $9, Performance Food Group Richmond $13,200.0 ** Petroleum Marketers Inc. Roanoke $1,100.0 ** SAIC Inc.4 McLean $4, Southern States Cooperative Richmond $2,248.4 ** SRA International Fairfax $1,500.0 ** Tasc Chantilly $1,500.0 ** The Brink s Co. Richmond $3, Universal Corp. Richmond $2, ValueOptions Inc. Norfolk $1,300.0 ** Source: SEC Filings, Virginia Business 2014 Top Virginia Companies, 2014 Fortune

6 Recent Headquarters Announcements (Corporate, Regional, or Division) From 2005 to December 2014, 464 companies have announced nearly 600 corporate, regional, or division headquarters relocations or expansions in Virginia to create over 45,000 jobs and $3.3 billion in capital investment. Listed below are a few of the top headquarters announcements made recently. Company Name Appian Corporation Bechtel Corporation Bode Technology Group Inc Corporate Executive Board CroppMetcalfe Liberty-Source, PBC McKesson Medical-Surgical Inc Telos Corporation UniTao Pharmaceuticals Virginia Transformer Corp. Location Fairfax County Fairfax County Fairfax County Arlington County Fairfax County Hampton City Henrico County Loudoun County Petersburg City Roanoke City Education and Training Virginia s success as a top business location can be traced to high-quality and well-educated citizens. With one in three residents awarded a bachelor s or advanced degree, the Commonwealth s workforce is one of the most educated in the nation. Some of the nation s best colleges and universities are located in Virginia, many offering undergraduate and graduate programs in all areas of business. Corporations also benefit from Virginia s community college system, a network which works with companies to develop customized workforce training programs for current or potential employees. 6

7 Select Degrees Conferred in Business and Related Programs at Virginia Universities and Colleges* Program Name Total Accounting 1,837 Business Administration and Management 7,128 Business & Commerce 1,746 Finance 713 Management Information Systems 339 Managerial Economics & Operations 1,007 Marketing 739 Other Related Degrees: Law & Legal Support 1,834 Communications 2,086 Economics 913 Math & Statistics 708 Total Business and Related Degrees Conferred: 19, Select Degrees Conferred in IT and Related Programs at Virginia Universities and Colleges* Program Name Total Computer and Information Sciences 1,384 Information Technology 489 Electrical & Electronical Engineering 368 Information Science Studies 214 Management Information Systems 42 Computer Science 339 Systems Engineering 269 Computer and Information Systems Security 764 Computer & Software Engineering 36 Health Information & Medical Records Technology 47 Total IT and Related Degrees Conferred: 3,952 Source for tables above: State Council of Higher Education for Virginia, 7

8 Virginia Colleges & Universities Graduate Top Talent: 2015 U.S. News and World Report Rankings Top Public National Universities Rank University of Virginia 2 College of William & Mary 6 Virginia Tech 27 George Mason University 70 Virginia Commonwealth University 84 Best Undergraduate Business Programs Rank University of Virginia 6 College of William & Mary 39 Virginia Tech 39 George Mason University 62 University of Richmond 62 Best Graduate Business Programs Rank University of Virginia (Darden) 11 College of William & Mary (Mason) 82 Best Law Schools Rank University of Virginia 7 Washington and Lee University 26 College of William and Mary (Marshall-Wythe) 33 George Mason University 41 University of Richmond (Williams) 53 8

9 Virginia has a Skilled and Talented Workforce: From an affordable lifestyle and competitive business environment, to a skilled and ready labor force, Virginia is one of the most desirable places for business in America. Corporate headquarters in Virginia enjoy a business-friendly climate characterized by stable and competitive taxes, payroll costs, and lease rates, as well as legislation that protects at will employment practices. Selected Occupations Virginia Employment Virginia Average Annual Wage Accountants and Auditors 39,280 $76,670 Billing and Posting Clerks 11,840 $36,420 Bookkeeping, Accounting, and Auditing Clerks 44,280 $37,680 Business Operations Specialists, All Other 32,350 $81,510 Compensation, Benefits, and Job Analysis Specialists 2,240 $64,350 Computer and Information Systems Managers 15,650 $147,540 Computer Network Support Specialists 7,020 $71,240 Computer Programmers 8,660 $78,300 Computer Systems Analysts 27,380 $99,950 Computer User Support Specialists 19,170 $53,430 Database Administrators 5,760 $91,500 Financial Analysts 8,760 $92,330 Financial Managers 13,140 $137,990 Financial Specialists, All Other 4,540 $75,830 First-Line Supervisors of Office and Administrative Support Workers 40,670 $55,360 Human Resources Assistants, Except Payroll and Timekeeping 4,250 $38,840 Lawyers 16,010 $129,800 Management Analysts 46,400 $100,190 Market Research Analysts and Marketing Specialists 15,130 $70,670 Marketing Managers 4,100 $146,110 Office Clerks, General 85,490 $30,550 Receptionists and Information Clerks 31,240 $27,900 Secretaries and Administrative Assistants, Except Legal, Medical, and Executive 39,970 $34,290 9