Transcript 2012 Gene Bailey, President (1999

Welcome to the
Thirteenth Annual Investor’s Meeting
Fredericksburg Regional Alliance
Public/Private Partnership
• City of Fredericksburg
• Caroline County
• King George County
• Spotsylvania County
• Stafford County
• VEDP
• FRA Board of Directors
• UMW Center for Economic
Development
• 48 Private Sector Investors
Economic Development
Leadership
 City of Fredericksburg – Karen Hedelt
 Caroline County – Gary Wilson
 King George County – Nicole Thompson
 Spotsylvania County – Tom Rumora
 Stafford County – Tim Baroody
Main Street Benefits of FRA/UMW
Partnership
 Knowledge of cultural business
traditions
 Language translations
 Analysis and regional studies
 Global teleconferencing facilities
 Presence of International
students
 Internships available
What Businesses are Telling Us..
The Survey
Impact of Great Recession: A
Regional Perspective
 Certain segments of the business community
impacted more than others
 Perceptions of the region’s economy depends on
what business you are in
 Many people still do not “feel” the recession is
over
Fredericksburg
Regional Alliance
at the
University of
Mary Washington
Marketing & Networking Activities
10 Marketing Events
 27 Legislative &
Political Receptions
 12 Speaking
Engagements
HCA Spotsylvania Regional Medical Center
 111 Networking
Activities & One-on-One
Meetings
Marketing Activities to
Generate Business
 Marketing Calendar
 Meetings with Site Consultants
 GSA – 3rd Event
 RTL TV
 Expansion Solutions Magazine
Mary Washington Hospital
Marketing Activities to Generate
More Business




Centre Court

Demographics Help Existing Business
Are you utilizing our free services?
 Best location for financial
investment
 Targeting consumer demographics
and projected spending patterns
 Property searches aligned with
strong demographic data
 Locate competing
businesses
Challenges in Marketing
 Need Meaningful High-Impact Budget
 European Executives’ Knowledge of U.S.
 Targeting How a Decision Maker Will React to
Information
Higher Education and the Economy:
 Prepare Workforce
 Internship Program
 Speed Networking
 Construction Impact
William Anderson Convocation Center
Higher Education’s Relationship to
Income:
Strategic Plan
GOAL I:
Business Attraction
• Facilitate the creation of 300 new jobs within targeted industries.
• Facilitate the attraction of $30 million in new capital investment.
GOAL II:
Existing Business Retention and Expansion
• Realize regional business retention of 90%. This is defined as businesses not leaving
the Region.
GOAL III:
Regional Education and Research Partnership
• Assist the University of Mary Washington in determining regional strengths and
competitiveness.
• Prepare and publish a Skills Inventory.
GOAL IV:
Regional Cooperation
• Prepare and publish an Economic Vitality Index.
GOAL V:
Organizational Development
• Maintain a collection rate on pledges of 95%.
• Attract $10,000 in new private sector investment.
 Adopt a succession plan for the Alliance.