why williamson?
DESCRIPTION
The business case for Williamson County, TennesseeTRANSCRIPT
1320 West Main Street, Suite 120Franklin, TN 37064
Matt Largen, Director615.261.2880
The Business Case for Williamson County, Tennessee
Williamson County
Nashville, TN
AccessibilityEasy access to east coast population centers
• A day’s drive from 75% of the U.S.• Interstate 65 and Highway 840 run through Williamson County
• I-40 and I-24 surround and connect creating a grid for easy accessibility and transportation
• 30 minutes from International Airport serving 48 non-stop markets per day
WorkforceCurrent strong labor situation
Nashville Region
Williamson County
Labor force 813,820Unemployment rate 8.2%
Labor force 89,640Unemployment rate 6.6%
TennesseeLabor force 3,077,400Unemployment rate 9.1%
Source: Tennessee Department of Labor and Workforce Development, October 2010
Available WorkforcePopulation doubled since 1997
1990 Census
2000 Census
Spring 2010
Estimate
2015 Projection
Total Population 81,020 126,63
8 180,891 212,352
Total Households 27,927 44,725 61,893 70,429
0
50,000
100,000
150,000
200,000
250,000
1990Census
2000Census
Spring 2010Estimate
2015Projection
Total Population Total Households
Source: US Census Bureau and Demographics Now
Source: US Census Bureau
Available WorkforceSecond highest population growth
Available WorkforceGrowth through in-migration
Source: Internal Revenue Service, 2008
Company
50% of financial service workforce From Tampa, FL, 2008
82% of workforceFrom California, 2006
42% of workforce80% of executives From California, 2005
% of workforce that chose to relocate
Transfer AppealProven record of ability to relocate workforce
Skilled WorkforceHighly educated and well-skilled
Source: Applied Geographic Solutions
Expanding WorkforceHistory of growth
Source: Tennessee Department of Economic and Community Development Research
Available WorkforceConsistently lowest in Tennessee
Source: Tennessee Department of Economic and Community Development Research
Since 2000Employment Growth
Population Growth
Unemployment RateLOW
Corporate relocations, growth of existing industry, & entrepreneurial activity
WorkforceSigns of sustained economic strength
Economic DiversityRisk is minimized through balance of sectors
Source: U.S. Bureau of Labor Statistics, 2009
The location quotient is the ratio that compares the concentration of employment in a certain sector in Williamson County to the concentration of employment of that sector in the United States.
Corporate ImageOver 200 companies with corporate functions
Major EmployersCorporate Headquarters
Major EmployersHealth Care
Major EmployersInformation Technology
Public EducationNumber one priority of Williamson Co.
K-8 K-8 9-12 9-12Math Reading Math Reading
98% 98% 95% 97%
2009Percent of students advanced or proficient, three-year average
Source: 2009 Tennessee Department of Education school system report cards, No Child Left Behind Adequate Yearly Progress portion
Public EducationCreating an educated workforce
2006 2007 2008 2009
Williamson County 91.0 93.4 93.895.3
Middle Tennessee 88.3 88.0 85.887.4
Tennessee 80.7 81.8 82.282.2
2006-2009High school graduation rate
Source: Tennessee Department of Education Report Card 2009
Public EducationCreating an educated workforce
Source: Newsweek 2010
5 schools in Williamson County were listed on Newsweek's Best High Schools list, more than any other county in
Tennessee.
America’s Best High Schools 2010
Newsweek picks the best high schools in the country based on how hard school staffs work to challenge students with advanced placement college-level courses and tests. Just over 1600 schools—only six percent of all the public schools in the U.S.—made the list.
• Brentwood High School• Ravenwood High School• Franklin High School• Fairview High School• Centennial High School
Low cost of doing business
Local property tax rate ranges from $2.31 to $3.60 per $100 of assessed value
3rd lowest county tax rate in Nashville region
Ranks below the average Tennessee county tax rate
No county rate increase in last 7 years
No state income tax$
RankingsConsistently ranked near the top
RankingsConsistently ranked near the top
One of the Best Cities for Startups
1. Boulder, CO2. Boca Raton, FL3. Santa Monica, CA4. Bend, OR5. Irvine, CA
6. Cambridge, MA7. Bellevue, WA8. Franklin, TN9. San Francisco, CA10. Rockville, MD
Ranking by: ZoomProspector.com and Bloomberg Businessweek 2010
RankingsConsistently ranked near the top
Williamson County ranked #1 in health outcomes, mortality, morbidity, health factors, health behaviors, and social/economic factors. - National County Health Rankings, University of Wisconsin's Population Health Institute and Robert Wood Johnson Foundation (2010)
Healthiest County in Tennessee
RankingsConsistently ranked near the top
Personal and Family Economic Well BeingWilliamson County ranks #1 in Tennessee with a perfect 10
Source: TACIR Fast Facts (2010)
Projected Sustained Growth10%-20% projected growth in most areas
Start-Up ActivityHealthy culture of entrepreneurship
30 of the 50 fastest growing private companies in the Nashville region
from the 2009 Inc. 500║5000 are in Williamson County
The Home for Business
12 of the 25 Largest Publicly Traded Companies in the Nashville region call
Williamson County home, including #1-#5
and 7 of the top 10
Headlines
Employer of ChoiceEvidence of strong applicant pool
Received 40,000 applications for 700 jobs in 2005
1320 West Main Street, Suite 120Franklin, TN 37064
Matt Largen, Director615.261.2880