Newsletter—Winter 2013/2014

Business Spotlight–Governor McDonnell Announces Major Manufacturing Investment In Culpeper County
TE Connectivity Ltd. To Expand Operation And Create 30 New Jobs

 

On November 6, 2013 Governor Bob McDonnell announced that TE Connectivity Ltd. (NYSE: TEL) will invest more than $15 million in the expansion of the company’s operations in Culpeper. The plant designs and manufactures undersea fiber optic telecommunication cables, electro-optical-mechanical cables, and steel wire. The project is expected to create approximately 30 new jobs.

Speaking about today’s announcement, Governor McDonnell said, “TE Connectivity has been a strong employer in Culpeper since the 1930s, and this major investment and expansion exemplifies the success companies experience in the Commonwealth. This operation is significant, as it will be the only TE Connectivity manufacturing site to produce wire and cables for the marine industry, servicing domestic and international markets. Access to key clients, a trained and available workforce and the cost of doing business are key factors that gave Virginia the advantage. We look forward to TE’s success for the next 80 years.”

“TE Connectivity is a global company that does important work for a major industry to keep us connected,” said Jim Cheng, Virginia Secretary of Commerce and Trade. “This tremendous investment to expand in Culpeper County and create new high-tech jobs enables the company to add capacity and build on its long-term success and growth in Virginia.”

TE Connectivity is a $13 billion world leader in connectivity. The company designs and manufactures products at the heart of electronic connections for the world's leading industries including automotive, aerospace and defense, energy and industrial, broadband communications, consumer devices, and healthcare. TE Connectivity's long-standing commitment to innovation and engineering excellence helps its customers solve the need for more energy efficiency, always-on communications and ever-increasing productivity. With nearly 90,000 employees in over 50 countries, TE Connectivity makes connections the world relies on to work flawlessly every day.

“TE is pleased to make this investment within our Culpeper manufacturing site, as the facility expansion and the newly created positions will play an important part in the growth of our business,” stated Kevin Rock, President - Aerospace, Defense and Marine, a Global Business Unit of TE Connectivity. “Virginia has always had a talented and skilled workforce, which has allowed us to hire highly capable people to support our technical business.”

The Virginia Economic Development Partnership worked with the Town of Culpeper, Culpeper County, and the Central Virginia Partnership for Economic Development to secure the project for Virginia. Governor McDonnell approved a $100,000 grant from the Governor’s Opportunity Fund to assist Culpeper County with the project.

Town of Culpeper Mayor Chip Coleman stated, “The expansion and prospect of additional jobs is great news on so many fronts. It shows that our economy is slowly recovering and that a major corporation sees that we have a high quality workforce in a community with a quality of life that is attractive. We are indeed fortunate to have this major expansion and the new jobs it brings to our community. Economic development is the cornerstone of a prosperous community.”

Sue Hansohn, Chairperson of the Culpeper County Board of Supervisors, said, “We are very excited about this news. TE has been a corporate partner with Culpeper for many years. We are also pleased because light manufacturing is one of our target industries and helping our existing businesses grow and expand is one of our major economic development strategies. Culpeper, Virginia was not the only location that the company was considering for this expansion. I would like to thank the Commonwealth of Virginia, the Virginia Economic Development Partnership and the County’s Department of Economic Development for the outstanding effort they put forth in helping TE Connectivity choose Culpeper, Virginia as the location for this important project.”

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State Of The County– Taxable Sales Reports And What They Tell Us.

 

For each calendar quarter (every 3 months) and annually, the University of Virginia’s Weldon Cooper Center for Public Service compiles data and reports on the taxable sales registered in each county and city in the commonwealth. The taxable sales are arranged by North American Industrial Classification System (NAICS) codes that defines business type. The total number of businesses in each NAICS code for each county and city are also reported. The Weldon Cooper Center publishes its quarterly and annual reports to the web page www.coopercenter.org/econ/taxablesales.

The taxable sales report includes only those items that are subject to the sales and vending tax, including most retail sales. Numerous sales, however, are excluded or exempted. Among the sales specifically excluded are sales of motor vehicles, trailers, semi-trailers, mobile homes, travel trailers, motor vehicle fuels, and fuels for domestic consumption. Also excluded are sales subject to the use tax such as Internet and catalog sales.

Nevertheless, analysis of taxable sale and, more importantly, the trends in taxable sales provides an excellent understanding of the strength of the local economy and the impact of the dynamics that affect the local economy. It is also an indicator of disposable income and discretionary spending. The graph below shows the taxable sales in Culpeper County from the 1st quarter of 2011 through the 2nd quarter of 2013 as reported by Weldon Cooper.

Chart

 

This graph offers some interesting insight on the county’s economy. During the first and second quarters of 2011, taxable sales continued a decline that started with the Great Recession. For the remainder of 2011 and the first quarter of 2012 taxable sales remained flat at around 125 million dollars. During the second quarter of 2012 taxable sale increased dramatically to 133 million dollars. Notwithstanding a slight decline in the fourth quarter of 2012, the trend remained positive, reaching 142 million dollars in the last reported cycle. Taxable sales are now approaching the zenith of 144 million dollars reported just before the start of the Great Recession in 2007. The taxable sales information for Culpeper County gives strong evidence that the local economy is in a recovery mode and has nearly returned to pre-recession sales levels.

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Focus–A Look At CEDAC: Culpeper Economic Development Advisory Committee


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1996 was a good year for the US economy and a perfect time for the Culpeper leadership to work together to promote economic development and tourism in the Town and County of Culpeper. An Economic Development Plan was adopted and, as part of the Plan, the Culpeper Economic Development Advisory Commission (CEDAC) was created. CEDAC consists of appointed and designated members that meet monthly to review and advise the County Board of Supervisors on issues related to the economic growth and vitality of the Town and County. Consisting of 12 members, it includes the Town manager, two town-appointed members, the County Administrator and four county-appointed members. In addition, there are designated members from the Board of Supervisors, the Town Council, the Department of Tourism, the Agricultural Community, the Culpeper Chamber of Commerce and Culpeper Renaissance Inc. The Culpeper County Department of Economic Development provides staff and administrative support for the Commission.

Mr. Bruce Clark, a partner of the law firm Fray, Hudson, Clark and Walker LLP is the Chamber of Commerce representative to CEDAC. Mr. Clark also serves as Chairman of the Commission and believes CEDAC’s function is important to the community. As Mr. Clark explained, “to have an interface between the government agencies and leaders and the representatives of the private sector provides a conduit for an exchange of information between the two sectors in hopes of coordinating efforts toward economic development.”

Mr. Tripp Butler, Vice President of Virginia Community Bank and a Town appointee since 2006 sees the committee’s role as three-fold: as a sounding board for the Economic Development Office, as a communicator of ideas to the governing entities, and as a conduit between government agencies and area businesses. “It’s a cross section of individuals, made up of town and county personnel, and local business leaders who are involved in the community and have great business sense,” he explained. “As an independent advisory committee, we’re able to bring a different perspective to the Town and County officials, and we serve to help broaden government’s involvement through our own outreach activities.”

In the nearly 18 years since it was established, CEDAC has accomplished a significant number of business related ventures including the following recent initiatives;

  • Promoting Culpeper as a Foreign Trade Zone
  • Recommending the creation of the Technology Zone program with performance based incentives for participating businesses.
  • Establishing a business visitation program
  • Hosting an information seminar on Culpeper for the private property owners
  • Reviewing the new business start-up process and recommending an evaluation of it to the local government leaders

 

With regard to what ideas and programs lie ahead for CEDAC, both Mr. Clark and Mr. Butler expressed interest in seeing future CEDAC endeavors centering on education, a “government 101” program, which they hope will inform high school seniors and the public at large on the role of government in the community. Mr. Clark also believes CEDAC can help involve more residents in the community as a whole. “We’ve had a large influx of people in the community in recent years; folks who live in Culpeper but have yet to take advantage of the opportunities to get more involved in furthering Culpeper’s economic development success. There must be a tremendous well of knowledge and skills that are not being tapped. I think CEDAC could be instrumental in engaging them in the process.”

“At the end of the day, there’s a tremendous spirit of teamwork and cooperation between our local businesses and our local government,” stated Mr. Carl Sachs, Director of Economic Development, “And it is just one of the many reasons Culpeper is such a great place to grow a business.”

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Happenings–Culpeper Farm Tour A Growing Success


Happenings

 

The 2013 Culpeper Harvest Days Farm Tour, held October 5th and 6th, was a great success. The annual agricultural event treated more than 1,500 visitors to two days of classic Culpeper autumn weather with the county’s vineyards, gardens, fields and four-legged friends in their full fall splendor.

Harvest Days provides families from around the county, state and beyond a first-hand chance to experience a glimpse of life on a real, not recreated, farm. In addition, the Farm Tour benefits the Town and County of Culpeper in a variety of ways, from increased tourism during the tour to increased awareness of the people, shops, and scenic beauty that make Culpeper such a wonderful place in which to work and play, shop and stay.

See below for some Farm Tour Facts.

  • There were 18 participating sites including 14 working farms, the Welcome Center & Farm Tour Market, Piedmont Railroaders, Culpeper Farmer’s Cooperative, Tractor Supply, Seymour Poultry & Small Animal Auction and an antique tractor display.
  • 6,229 visits to the farms were recorded
  • 1,535 estimated visitors attended the Farm Tour
    • 48% were from Culpeper County
    • 46% were from Virginia, but not Culpeper County
    • 6% were from out-of-state
  • Farms visited
    • At Least 5 farms – 20%
    • 6 farms – 31%
    • 7 farms – 19%
    • 8 farms – 19%
    • 9 or more farms – 11%
  • The average visitor spent $63.00 during the Farm Tour which equates to an economic impact for Culpeper County of $96,642.

 

Mark your calendar for the 17th Annual Culpeper Harvest Days Farm Tour, October 4 and 5, 2014.

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Featured Property—The New Willow Shade Center


 

 

Willow Shade Center
Corner of North Main & Duke Street
Culpeper, Virginia 22701

 

 

Location:

101 Duke Street
Culpeper, Virginia, 22701

Available: New and like new commercial suites
Size:    1250 SF to 1650 SF and will combine
Property Use Type:

Retail and Sales Offices 
Second Floor Office Administration Suites

No. of Levels: 2
Year Built: 2010
Construction:

Steel Frame and Masonary with permanent 
Composite finishes

Site:

North Town Limits on a heavily-traveled state road,  VA 229 (North Main Street). 
Fully developed site with ample parking front and rear, and fully landscaped.

Built By:

Santos Construction/Maryland

 

 

 

Highlights:

 

  • Fully conditioned with monitored fire suppression
  • Priced with interior fit-out to Tenant specifications or leased as-is with Tenant Build-out
  • Highly visible on major traffic artery
  • Located between vibrant historic district and newly developed commercial district

 

Overview:

Willow Shade Center was built to appeal to the small businesses, either locally centered or franchises. The already busy traffic frontage is about to get much busier as Route 229 is under going major upgrades. Shop spaces are built ranging from 1250 SF to 1650 SF, with ease of combining adjacent suites.

Contact: Tom Boyd, Re/Max Crossroads/Commercial Division at: 540.812.9033 ortomboyd@remax.net

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