January 17, 2014 – Prince William County, Va. – In 2013, Prince William County worked on 20 projects with non-retail companies stating their intent to invest more than one billion dollars in the County. This is the highest commercial capital investment total in the 17 years that the Department of Economic Development has been tracking such activities, surpassing the previous high of $662 million set in 2000. These 20 projects will create 354 new jobs in Prince William County.
This record high investment was spurred by the County’s burgeoning data center market. The continued growth in the data center industry is mostly attributed to Prince William County’s robust fiber network, very competitive power rates and the ability to provide some of the quickest development reviews in the Greater Washington, DC metropolitan area, helping data center clients meet their extraordinarily fast-paced time to market demands.
In addition, Prince William County has sparked two new initiatives for start-up business development with the Prince William Science Accelerator Web Lab space and the Simulation and Game Institute, one of only four global affiliated facilities. Both of these projects are expected to attract new and fast-growing companies through collaboration with George Mason University’s Life Sciences campus located in Innovation Park.
As new businesses continue to locate to Prince William County, a core area of focus has been helping existing businesses expand within the community. In 2013, more than 39% of the investment totals came from existing business expansions.
“Our prime location and pro-business environment continues to drive economic development in Prince William County,” said Corey Stewart, Chairman of the Prince William Board of County Supervisors. “We understand the unique needs and challenges businesses face as the nation continues to emerge from the recession, and we are committed to helping companies succeed in today’s global market.”
Prince William County’s favorable blend of large land parcels, multi-use zoned sites, incentives, reliable power and ample fiber optic availability coupled with the lowest programmable computer taxes in the region, make it an ideal location for businesses seeking a location in the Mid-Atlantic region.
# # #
For information about the advantages of locating or expanding a business in Prince William County, please contact the Prince William County Department of Economic Development at (703) 792-5500 or visit our website.