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