Staunton-Waynesboro MSA, Virginia

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Staunton-Waynesboro MSA,

Virginia

Only a few locations can guarantee the right combination of resources that are crucial to your business’s success.Virginia’s premier location offers excellent domestic and international access. Centrally located on the U.S. EastCoast, more than 47 percent of the U.S. population is within a day’s drive, and our integrated transportation system ofhighways, railroads, airports and seaports ensures that you can reach every one of your markets eciently. Closeproximity to Washington, D.C. facilitates contact with policy makers and the federal government system.

Virginia continues to rank among America’s leading states for business by CNBC and Forbes.com. Business-rstvalues, easy access to markets, stable and competitive operating costs, and a talented workforce all drove Virginia tothe top. This unique combination of assets has encouraged businesses to prosper here for more than 400 years. Likeyou, they searched the world over for that convergence of resources that would help ensure their prosperity. Forthem, their search ended here. Chances are yours will too.

• AAA bond rating- Virginia has maintained a AAA rating since 1938, longer than any other state.

• Right-to-work law allows individuals the right to work regardless of membership in a labor union or organization.

• Corporate income tax rate of 6% has not been increased since 1972.

• Headquarters to 37 Fortune 1000 rms.

• Headquarters to 56 rms each with annual revenue over $1 billion.

• More than 21,400 high-tech establishments operate in Virginia.

• More than 700 internationally-owned businesses from 40 countries are located in Virginia.

• Ranks third among the 50 states as a recipient of federal R&D funds.

• Streamlined permitting process.

• Recruitment training programs to help new businesses become operational faster.

• Programs at little or no cost to help businesses increase international sales.

Overview

Staunton-Waynesboro MSA 1

Augusta County is located in the west central portion of Virginia in the scenic Shenandoah Valley.The independent cities of Waynesboro and Staunton are contained within the county. The city ofWaynesboro is an important industrial center within the Shenandoah Valley. The city of Stauntonis considered to be an important educational center with the Virginia School for the Deaf and theBlind and Mary Baldwin College.

The Staunton-Waynesboro MSA is located 85 miles north of Roanoke; 90 miles west of Richmond,the state capital; and 150 miles southwest of Washington, D.C.

Location


Located in the heart of Virginia's Shenandoah Valley at the intersection of I-64 and I-81, theStaunton-Waynesboro Metropolitan Statistical Area (MSA) offers easy access to transportationnetworks and global markets. With 14 nearby colleges and universities available for students topursue cutting-edge career training to guide them into in-demand elds, the area's workforce iswell-prepared and knowledgeable. The area takes pride in its arts and cultural offerings, historicdowntown's, farm-to-table dining, thousands of park acres, and the world-renowned, scenic BlueRidge Parkway and Skyline Drive highways.

Staunton-Waynesboro MSA


PopulationGender Distribution (2018) Male FemaleStaunton-Waynesboro MSA 49.2% 50.8%Race/Ethnicity (2018)

ClassicationProle

AreaWhite 109,323Black 9,246Two or More 2,713Asian 1,265American Indian or Alaska Native 409Pacic Islander 51Hispanic (may be of any race) 4,848Median Age (2018)Augusta 45 yearsStaunton 42 yearsWaynesboro 39 years

Labor Market


Civilian Labor Force (2020)Staunton-Waynesboro MSA 59,993

Labor Force Participation (2013-2017)Staunton-Waynesboro MSA 59.9%

UnemploymentUnemployment Rate (March 2021)Staunton-Waynesboro MSA 4.5%Statewide 5.1%Unemployed (2020)Staunton-Waynesboro MSA 3,167Underemployed (4th Quarter 2019)Staunton-Waynesboro MSA 5,213

Labor Market


Commute Time (2013-2017)Worked from home 2,356 4.2%Under 15 minutes 16,361 30.5%15-24 minutes 17,220 32.1%25-34 minutes 10,939 20.4%35-44 minutes 4,071 7.6%45-59 minutes 2,912 5.4%Over 60 minutes 2,098 3.9%Mean Travel Time to Work (minutes)Augusta 24Staunton 20Waynesboro 22

Additional Labor ResourcesHigh School Graduates Not Continuing (2017-2018) 259Two-Year College Graduates (Spring 2018) 2,525Two-Year College Enrollees (Fall 2018) 14,989Other College and University Graduates (Spring 2018) 13,346Total 31,119

Labor Market


Career Readiness Certicate (06/30/2017-06/30/2018)Virginia’s Career Readiness Certicate (CRC) assists employers by certifyingthat a recipient possesses core skills in applied math, reading for information,and locating information. The CRC certication is based on established Workeys® assessment tests. Virginia uses a three-tiered approach (bronze, silver, gold)to credentialing certicate holders that is based on the recipient’s level ofdevelopment skills.


Educational AttainmentOn-Time Graduation Rate (Class of 2018) 92.0%Percentage of Staunton-Waynesboro MSA populationage 25+ who are high school graduates (2013-2017)

87.2%

Percentage of Staunton-Waynesboro MSA populationage 25+ who have earned a Bachelor's Degree orhigher (2013-2017)

25.3%

Labor Market


Employment by Sector* (4th Qtr. 2018)Agriculture Forestry Fishing and Hunting 301 0.6%Mining Quarrying and Oil and Gas Extraction 24 0.0%Utilities 171 0.4%Construction 2,620 5.4%Manufacturing 7,678 15.7%Wholesale Trade 1,296 2.7%Retail Trade 5,561 11.4%Transportation and Warehousing 3,744 7.7%Information 334 0.7%Finance and Insurance 838 1.7%Real Estate and Rental and Leasing 497 1.0%Professional Scientic and Technical Services 1,126 2.3%Management of Companies and Enterprises 879 1.8%Administrative and Support and Waste Management 1,703 3.5%Educational Services 924 1.9%Health Care and Social Assistance 6,140 12.6%Arts Entertainment and Recreation 238 0.5%Accommodation and Food Services 4,342 8.9%Other Services 1,636 3.4%Total Government 8,633 17.7%

Federal Government 277 0.6%State Government 3,168 6.5%Local Government 5,188 10.6%

Unclassied 113 0.2%Total 48,798 100.0%N.D. - Not Disclosed*By Business Establishment

Employment by Occupation (2017)Construction, Extraction & Maintenance 4,160 8.7%Farming, Fishing & Forestry 150 0.3%Managerial, Professional & Related 12,180 25.5%Production, Transportation & MaterialMoving

10,760 22.5%

Sales & Oce 10,820 22.7%Service 9,690 20.3%

Total 47,760 100%

Labor Market


Major Employers

ManufacturingCompany Product/ServiceDaikin Applied HVAC systemsHershey Chocolate of Virginia Inc. Confectionery productsHollister Inc. Medical suppliesINVISTA TextilesMcKee Foods Corporation Snack cakesNibco Incorporated Copper ttingsPly Gem Vinyl siding

NonManufacturingCompany Product/ServiceAugusta Medical Center Health careBest Buy Retail DistributionBlue Ridge Community College Higher educationTarget Distribution centerWal-Mart Stores, Inc. Discount store

Labor Market


Closings, Reductions, Layoffs (7/2018 to date)Date Type Company Product/Service Employees

Affected2/15/2019 Layoff REO Logistics Distribution and Logistics 1148

Union Activity (8/1/2015 - 8/1/2018)Petitions led for representation 1Elections won by union 1

Labor Market


Estimated Earnings (May 2018)

OccupationMedian

Wage (US$)Mean Wage

(US$)Median

Salary(US$)

MeanSalary(US$)

Laborers and Freight, Stock, and Material Movers, Hand 14.75 15.93 30,665 33,139Industrial Truck and Tractor Operators 15.92 17.30 33,109 35,983Heavy and Tractor-Trailer Truck Drivers 19.46 20.82 40,480 43,318Inspectors, Testers, Sorters, Samplers, and Weighers 17.66 18.77 36,741 39,039Welders, Cutters, Solderers, and Brazers 21.85 21.10 45,432 43,896Machinists 22.48 22.72 46,761 47,261First-Line Supervisors of Production and OperatingWorkers

28.19 30.19 58,638 62,804

Maintenance and Repair Workers, General 19.05 19.72 39,639 41,013Industrial Machinery Mechanics 25.44 26.22 52,931 54,548Bus and Truck Mechanics and Diesel Engine Specialists 21.02 21.44 43,719 44,593Oce Clerks, General 14.28 14.88 29,706 30,950Secretaries and Administrative Assistants, Except Legal,Medical, and Executive

16.33 16.44 33,974 34,186

Receptionists and Information Clerks 12.59 12.80 26,184 26,622Customer Service Representatives 14.30 15.24 29,754 31,693Bookkeeping, Accounting, and Auditing Clerks 17.41 17.77 36,221 36,953First-Line Supervisors of Oce and AdministrativeSupport Workers

23.26 24.42 48,381 50,791

Computer User Support Specialists 21.05 22.54 43,793 46,881Network and Computer Systems Administrators 35.91 36.66 74,712 76,254Accountants and Auditors 32.48 36.84 67,555 76,619Human Resources Specialists 27.12 28.41 56,396 59,098

Per Capita Personal Income (2017)$42,436

Median Family Income (2013-2017)$66,242

Labor Market


Public School Enrollment (Fall 2018)Level Number EnrollmentPreschool 2 185Elementary 16 7,359Middle 6 3,786High School 7 4,839

Student Teacher Ratio (FY 2018)Elementary 13:1Secondary 11:1

Per Pupil Expenditure (FY 2018) (US$)11,242.49

On-Time Graduation Rate (Class of 2018)92.0%

High School Graduates Continuing Education (2017-2018)77.4%

Advanced Programs (2017-2018)

Governor's School Enrollment 216Students taking 1 or more Advanced Placement (AP) Courses 494Students taking 1 or more AP Exams 444Students taking 1 or more Dual Enrollment Courses 373

Education


Workforce Development FacilitiesFacility TypePlecker Workforce Center Career and Technical CenterValley Career and Technical Center Career and Technical CenterValley Workforce Center - Harrisonburg Comprehensive CenterValley Workforce Center - Luray Satellite CenterValley Workforce Center - Rockbridge Satellite CenterValley Workforce Center - Staunton Satellite CenterValley Workforce Center - Winchester Satellite Center

Higher Education Facilities — Fall 2018Facility EnrollmentUniversity of Virginia 24,639James Madison University 21,751Piedmont Virginia Community College 5,445‡

Piedmont Virginia Community College - Jefferson SchoolCenter

5,445‡

Blue Ridge Community College 4,099Mary Baldwin College 1,900Bridgewater College 1,857Virginia Military Institute 1,685Eastern Mennonite University 1,444American National University - Charlottesville Campus †

American National University - Harrisonburg Campus †

† Enrollment gures are not available.‡ Enrollment gures are for all campuses.

Education


InterstatesName DistanceI-64 0.0 miles (0.0 km.)I-81 0.0 miles (0.0 km.)

Note: Measured from border of locality/region.

HighwaysHighway 11 Highway 250 Highway 252 Highway 254 Highway 256Highway 261 Highway 262 Highway 275 Highway 276 Highway 285Highway 340 Highway 42 Highway 48 Highway 56

Commercial Air Service

Shenandoah Valley Regional Airport, Weyers Cave -- 16.0 miles(25.8 km.)

United Express

Charlottesville-Albemarle Airport, Charlottesville -- 36.7 miles (59.0km.)

American Airlines Delta Air Lines United Airlines

Lynchburg Regional Airport, Lynchburg -- 68.2 miles (109.7 km.)

American AirlinesNote: Within a 75-mile drive of the center of the closest locality in theMSA.

Transportation


General Aviation ServiceName Runway LengthWaynesboro/Eagles Nest Airport, Waynesboro 2,004 ft (611 m)

Freight Rail ServiceBuckingham Branch RailroadCSX TransportationNorfolk Southern Railway CompanyShenandoah Valley Railroad

SeaportsName DistancePort of Virginia (Inland Port Front Royal) 87.0 miles (140.0 km)Port of Virginia 182.0 miles (292.9 km)

Note: Driving distance from the center of the closest locality in the MSA to the Port of Virginia and anyother seaports within 100 miles.

Other Ports of EntryName DistancePort of Washington - Dulles 128.7 miles (207.1 km)

Note: Driving distance from the center of the closest locality in the MSA to the Port of Washington-Dullesand any other port of entry within 100 miles.

Transportation


Utilities

ElectricDominion Energy Shenandoah Valley Electric Cooperative

Natural GasColumbia Gas of Virginia

TelecommunicationsnTelos Verizon-Virginia

WaterAugusta County Public Service Authority City of StauntonCity of Waynesboro

Waste Water TreatmentCity of Waynesboro

Solid Waste DisposalCity of Staunton/Augusta County Sanitary Landll City of Waynesboro Sanitary Landll

Utilities


Financial Institutions — 4th Qtr 2018 Assets

BankAssets

(US$ Millions)Wells Fargo Bank, N.A. 1,689,351.0Branch Banking and Trust Company 219,071.0SunTrust Bank 209,720.5First-Citizens Bank & Trust Co. 35,267.5United Bank 19,247.3Union Bank & Trust Co. 13,732.0WoodForest National Bank 5,923.7City National Bank of West Virginia 4,837.8Carter Bank & Trust 4,039.6Summit Community Bank, Inc. 2,192.9The First Bank and Trust Co. 1,809.0Farmers & Merchants Bank 778.6First Bank - Strasburg 752.7Frontier Community Bank 123.7

Financial Institutions


Government

Augusta County, Staunton, and Waynesboro are governed by a council-manager form ofgovernment that originated in the county seat of Staunton in 1908. Staunton has seven councilmembers, Waynesboro ve members, and Augusta County has a seven-member Board ofSupervisors. The MSA maintains comprehensive plans, and zoning and subdivision ordinances.Craigsville is the only incorporated town.

Taxes

Localities in Virginia collect a 1% sales tax. They do not tax other items taxed at the State level.

Counties and cities in Virginia are separate taxing entities. Therefore, a company pays taxes toeither a county or to a city.

If a company is located in a town, it pays town and county taxes except for utility taxes which arepaid only to the town and the license tax which is paid only to the town unless town law permitsthe additional collection of a county tax.

Manufacturers pay real estate, machinery and tools, truck and automobile, utility, and sales taxes.

Nonmanufacturers pay real estate, tangible personal property, truck and automobile, utility, andsales taxes. They also may pay either a merchants' capital or a license tax.

Government and Taxes


Medical care is provided to area residents at Augusta Health, an independent 255-bed state-of-theart hospital located in Fishersville. Augusta Health is a multi-year recipient of Healthgrades’America's 50 Best Hospitals Award™, placing it among the top 1% of more than 4,500 hospitalsnationwide. The facility’s cancer center is a research aliate of the Duke Cancer Institute, and itsheart and vascular center has been named to Becker’s Hospital Review for “100 Hospitals withGreat Heart Programs.” Area residents can also utilize the University of Virginia Medical Center inCharlottesville, a world-renowned teaching and research center offering the latest in technology,services, and facilities.

The Staunton-Waynesboro MSA has a 16,000+ student enrollment in seven high schools, vemiddle schools, nineteen elementary schools, Valley Career and Technical Center, theShenandoah Valley Governor’s School, plus one regional special education school, and oneregional head start program. Metro area schools consistently rank well across a variety of reports,with Augusta County high schools among the top in the Virginia section of the U.S. News andWorld Report Best High Schools report, and Riverheads High School recognized as a National BlueRibbon School. Local elementary and middle schools score high marks across all categories ofreadiness and prociencies. More than fteen private schools are also located in the area,including the well-respected Stuart Hall School, Fishburne Military School, Grace Christian, andRidgeview Christian School.

Community Facilities


(continued)

Convenient and comprehensive library access is available throughout the MSA. Lending servicesat the Augusta County Library in Fishersville, Staunton Public Library, and Waynesboro Library areconnected via the Valley Libraries Connection, which allows patrons to conduct searches, reserve,borrow, and renew materials online. Smaller branches can be found in Deereld, Churchville,Craigsville, and Middlebrook.

Parks and recreation facilities and programming are a popular community focus. At the vastnetwork of local parks and recreation/community centers, residents and visitors can enjoy hiking,biking, paddle sports, shing, running, organized sports, planned outings and classes, holidayactivities, music and art show events, as well as high school, college, and Valley Baseball Leaguespectator sports. The MSA is home to two Valley Baseball League teams, the Staunton Bravesand the Waynesboro Generals. Venturing out into the Shenandoah Valley’s nearby and extensivestate and national park system for more outdoor recreation is a breeze from the metro area, asShenandoah National Park, George Washington National Forest, Skyline Drive, Blue RidgeParkway, and multiple waterways are just a short drive away.

Whether rural or urban, community support services are a team effort. From the professionalsheriff/police forces and re/rescue departments manned in Augusta County and the Cities ofStaunton and Waynesboro, to the all-volunteer departments fanning out into rural parts of thecounty, community support and involvement in maintaining the safety and welfare of every citizenthrough well-equipped facilities and highly-trained providers is a strong value in the MSA. A senseof neighborly responsibility and pride is apparent in the many fundraisers and community eventsby and for these organizations.

Community Facilities


The Staunton-Waynesboro MSA accommodates a wide-range of lifestyle choices. The housingmarket is affordable and diverse, with many rural or urban options for apartment,townhouse/condominium, and single family living available. Restoration fanatics will nd plenty ofhistoric homes to suit their fancy, but brand-new housing and business facilities are readily foundthroughout the area as well. Travel from various parts of the county to industrial or businesscenters is convenient, well-maintained, and typically uncongested.

The mix of rural landscapes and thriving downtowns offer abundant opportunities for playingoutdoors and exploring city life, sleeping under the stars or in a luxurious lodging establishment,or traversing scenic backroads via motorcycle, bicycle, or car. A variety of independent andcorporate shopping, dining, and lodging options are available to visitors and residents. Staunton’saward-winning downtown, lled with unique shops, restaurants, and cultural offerings, has landedit on a variety of “Best Small Town” lists in recent years. Waynesboro’s downtown is noted for itseclectic independent merchants, museums, and dining, all on the backdrop of the beautiful SouthRiver. Both cities and areas throughout the county are known for their spectacularly restoredhistoric architecture, quaint B&Bs and inns, and chef-inspired farm-to-table restaurants,micro-breweries, and scenic wineries. Treasure hunters will glory in Augusta County’s many smallantique stores, as well as the 130,000-square foot Factory Antique Mall, “The Largest Mall inAmerica.”

Cultural and recreational activities are virtually unlimited in the Shenandoah Valley, with manywell-known destinations and events sprinkled throughout the area. Waynesboro has the P.Buckley Moss Gallery, Waynesboro Heritage Museum, and the newly renovated historic WayneTheatre. Waynesboro’s three historic districts are rich in Civil War lore, and its downtownwaterway, the South River, takes center stage during two popular spring festivals, the South RiverFly Fishing Expo and Riverfest. For 45+ years, the Shenandoah Valley Art Center, an aliate of theVirginia Museum of Fine Arts, has joined with the Waynesboro community to celebrate theglorious Shenandoah Valley autumn at the Fall Foliage Art Show. Throughout the year, residentsand visitors can partake in any number of planned or spontaneous activities along the South RiverGreenway, in one of six city parks, or on the 4-mile Water Trail.

Lifestyle


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Staunton is home to the Woodrow Wilson Presidential Library and Birthplace, thecritically-acclaimed American Shakespeare Center, the Staunton-Augusta Art Center, and theFrontier Culture Museum. A host of performances, festivals, art shows, and music events happenall year, and during the summer the city lls with classical music during the Staunton MusicFestival, and as part of the Heifetz International Music Institute’s summer season. Many of theseevents are free. History and architecture buffs can enjoy more than 100 historically-signicantsites, 1,000 certied buildings, and ve federal historic districts located in Staunton, all recognizedby the National Park Service’s National Register of Historic Places, and promoted throughprograms of the Historic Staunton Foundation.

In addition to a multitude of close-in city or county parks with a diverse mix of facilities andprogramming, residents and visitors can choose from Shenandoah National Park, Blue RidgeParkway, Sherando Lake, Natural Chimneys Regional Park, George Washington National Forest,Thomas Jefferson National Forest, Skyline Drive, and Grand Caverns Regional Park to take inscenic views, hiking, bicycling, wildlife watching, picnicking, camping, hunting, swimming, shing,and paddle sports.

Because of Augusta County’s rich agricultural heritage, it possesses many points along theShenandoah Valley’s Fields of Gold Farm Trail, the Shenandoah Valley Wine Trail, and theShenandoah Beerwerks Trail. The wide variety of activities available include on-the-farm eventsand lodging, farmers’ markets, u-pick sites, wine tasting events, and craft beer brewing. Musicgoes hand-in-hand with many of these locations and events, including the Red Wing Roots Festivaland a host of other festivals and concert series held throughout the year.

Lifestyle


Staunton-Waynesboro MSA, Virginia

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