A Loudoun, Viginia Business Location

1-(800)-LOUDOUN biz.loudoun.gov

A Loudoun Business Location


LOUDOUN VIRGINIA DISTINCTIONS#1 America’s Richest Counties,

Forbes.com

#1 Job Creation since 2000, CNNMoney.com

70% of world’s internet traffic

20th Largest US Airport and 3rd largest East Coast Trans-Atlantic Hub

AAA Rating from all major bond rating agencies for 8 consecutive years

#1 Farm Wineries in Virginia

#3 Population Growth since 2000

#4 Best Places to Get Ahead, Forbes.com


WHY IS ECONOMIC DEVELOPMENT IMPORTANT?

• According to an EDC study, for every dollar in Loudoun

County tax revenue:

– Residential costs $1.62 in services

– Commercial costs $0.38 in services

• The attraction of new commercial development to the

county helps to mitigate the demands of residential.

• There are many capital needs:

– School system growing by nearly 2500 students each year

– Shortage of over 150 athletic fields to meet current demand


THE RESULTS OF POPULATION GROWTH

2000 20130

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000Po

pula

tion

40 New Schools


WHY LOUDOUN, VIRGINIA FOR BUSINESS?


PRO-BUSINESS VALUES

Virginia has long been a great state for business, and business experts say it best:

• Forbes “#1 Best State for Business”

• CNBC “#3 Top State for Business”

• Site Selection Magazine “#1 Top Competitive State”

• Business Facilities “#3 Best Business Climate”


PROFIT-FRIENDLY ENVIRONMENT

Businesses care about the bottom line:

• Corporate income tax rate of 6% is one of the lowest in the U.S.

• Combined state and local sales and use tax is just 5%

• Unemployment insurance tax rate is the 2nd lowest in the nation

• Competitive business incentives


ACCESS TO GLOBAL MARKETSWASHINGTON DULLES INTERNATIONAL

AIRPORTNon-stop service to 47 world cities connects to more than 80

percent of the world’s economies

Transatlantic hub for United Airlines/Star Alliance

22.6 million passengers and 268,000 tonnes of cargo

transported in 2012

Ten years of international passenger growth, with new world

destinations added every year


“We rely on a talented pool of individuals here in Loudoun County, from which we serve customers at more than 440 sites in 80 countries worldwide.

The combined knowledge base, relationships and diversity of employees in Loudoun County help us deliver for our customers and the missions they serve.”

John D. Harris, II

President

Raytheon Technical Services Company LLC


ACCESS TO WASHINGTON D.C.METRORAIL SILVER LINE

Three rail stations planned in Loudoun, including one at

Washington Dulles International Airport

Direct access to Washington D.C. and one million regional

employees

Six Transit-Oriented and Mixed-Use Developments

approved or now under construction


INVESTMENT IN TRANSPORTATIONBoard of Supervisors approved $846 million in Capital

Improvement Transportation Projects through FY 2018:• MetroRail Silver Line

• Eastern Loudoun Road Network Key Improvements− Route 7 (limited access): Leesburg to Route 28

− Belmont Ridge Road: expand

− Gloucester Parkway: build

− Route 606: expand

− Waxpool Road

− Route 50 parallel roads


“The Dulles Technology Corridor, centered in Loudoun County, hosts the largest number of internet, satellite, and defense companies in the nation.”

Moody’s Economy.com

January, 2009


HIGHLY SKILLED WORKFORCE

According to TechAmerica’s Cyberstates, Virginia has the: • Highest concentration of

technology workers in the U.S.

• 4th largest tech workforce in the U.S.

• 5th highest average high-tech wage

CNNMoney ranks Loudoun County #1 for job creation

during the past decade

Residents withBachelor’s Degree or Higher

Serie

s1

0

10

20

30

40

50

60

70

U.S. Virginia Loudoun

Percen

t

58.5%


PROACTIVE TARGETED CLUSTERS

Building on our strengths and infrastructure

• Information & Communications Technology (ICT)

• Data Centers & Big Data

• Federal Government Contractors/Aerospace & Defense

• Life Sciences & Health IT

• International

• Aviation & Air Cargo


LOUDOUN BUSINESSES


DATA CENTER COMMUNITY


DIVERSE BUILT INVENTORY

Mixed Use

IndustrialFlex/Data Center

Office


EXCEPTIONAL COMMUNITY• Outstanding Public Schools

– 90% of Graduates Attend College

– 100% of Loudoun high schools ranked as among the best in the nation by Newsweek's Challenge Index

• Variety of Housing Options– New master-planned and mixed-use developments, historic town

settings, rural farms and executive housing

• Diverse Amenities– Regional hotel, shopping and dining opportunities in the east

– Wineries, farms, bed & breakfasts, historic small-town shops, and equestrian facilities in the west

– Easy access to Washington, D.C.’s arts, entertainment and culture


“Quality of life was an important factor for us when we decided to locate our headquarters in Loudoun County. We have found that we are able to recruit top people from across the country because this area offers a high quality of life. It’s a great location for young families.”

David Thompson, President & CEO

Orbital Sciences Corporation


ECONOMIC DEVELOPMENT SERVICES

• Targeted Industry Managers

• Small business & Entrepreneurship Program

• Fast Track / Process Assistance: Business Assistance Team

– Central point of contact for County Development Team

– Timeline established by client

• Tax Comparison

- Coordinated by Economic Development

• Incentive Options

– Coordinated by Economic Development

– State: job tax credits


HOW YOU CAN HELP!

• Let your clients know how they can become involved in the Loudoun business community

• Follow us on Twitter and become friends with us on Facebook to learn about the many events of interest to local businessmen

• Utilize the resources on our website when you work with commercial clients

• Check out SourceLink, the premier resource for small businesses


LOUDOUN VIRGINIA

Buddy RizerActing Director, Economic Development

703-777-0426

[email protected]

mailto:[email protected]

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A Loudoun, Viginia Business Location