4. Workforce Current strong labor situation Nashville Region Williamson County Labor force 813,820 Unemployment rate 8.2% Labor force 89,640 Unemployment rate 6.6% Tennessee Labor force 3,077,400 Unemployment rate 9.1% Source: Tennessee Department of Labor and Workforce Development, October 2010
5. Available Workforce Population doubled since 1997 Source: US Census Bureau and Demographics Now 1990 Census 2000 Census Spring 2010 Estimate 2015 Projection Total Population 81,020 126,638 180,891 212,352 Total Households 27,927 44,725 61,893 70,429
8. Transfer Appeal Proven record of ability to relocate workforce Company 50% of financial service workforce From Tampa, FL, 2008 82% of workforce From California, 2006 42% of workforce 80% of executives From California, 2005 % of workforce that chose to relocate
10. Expanding Workforce History of growth Source: Tennessee Department of Economic and Community Development Research
11. Available Workforce Consistently lowest in Tennessee Source: Tennessee Department of Economic and Community Development Research
12. Workforce Signs of sustained economic strength Since 2000 Employment Growth Population Growth Unemployment Rate LOW + Corporate relocations, growth of existing industry, & entrepreneurial activity
13. Economic Diversity Risk 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.
18. Public Education Number one priority of Williamson Co. K-8 K-8 9-12 9-12 Math Reading Math Reading 98% 98% 95% 97% 2009 Percent 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
19. Public Education Creating an educated workforce 2006 2007 2008 2009 Williamson County 91.0 93.4 93.8 95.3 Middle Tennessee 88.3 88.0 85.8 87.4 Tennessee 80.7 81.8 82.2 82.2 2006-2009 High school graduation rate Source: Tennessee Department of Education Report Card 2009
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21. Low cost of doing business Local property tax rate ranges from $2.31 to $3.60 per $100 of assessed value 3 rd 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 $
23. Rankings Consistently ranked near the top One of the Best Cities for Startups 1. Boulder, CO 2. Boca Raton, FL 3. Santa Monica, CA 4. Bend, OR 5. Irvine, CA 6. Cambridge, MA 7. Bellevue, WA 8. Franklin, TN 9. San Francisco, CA 10. Rockville, MD Ranking by: ZoomProspector.com and Bloomberg Businessweek 2010
24. Rankings Consistently 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
25. Rankings Consistently ranked near the top Personal and Family Economic Well Being Williamson County ranks #1 in Tennessee with a perfect 10 Source: TACIR Fast Facts (2010)
27. Start-Up Activity Healthy 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
28. 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