national rural utilities cooperative finance corporation
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1-(800)-LOUDOUN biz.loudoun.gov
National Rural Utilities Cooperative Finance CorporationDecember 8, 2014
1-(800)-LOUDOUN biz.loudoun.gov
1-(800)-LOUDOUN biz.loudoun.gov
THANKS FOR YOUR INVESTMENT!
1-(800)-LOUDOUN biz.loudoun.gov
TODAY
• Loudoun Overview
• State of the Local Economy
• Department of Economic Development
• A Look Ahead
1-(800)-LOUDOUN biz.loudoun.gov
LOUDOUN, VIRGINIA
1-(800)-LOUDOUN biz.loudoun.gov
LOUDOUN BOARD OF SUPERVISORS
• 9 Board of Supervisor Members
• 8 Election Districts comprised
of 43,750 citizens each – Each District
selects a District Supervisor
• Chairmen runs At-Large (Countywide)
• All 9 Board Members seats are up for reelection at the same time
• Board Members serve a 4 year term and there are no term limits
• Board hires a County Administrator to run the daily operations of
County Government
1-(800)-LOUDOUN biz.loudoun.gov
LOUDOUN COUNTY GOVERNMENT
• General County Government
consist of 3,400 employees
• County Administration and Courts
Complex are located in the Town
of Leesburg
• $2 Billion Budget for Fiscal Year
2015
• Loudoun County School System
has around 10,000 employees
1-(800)-LOUDOUN biz.loudoun.gov
EXCEPTIONAL COMMUNITY & QUALITY OF LIFE
• Strong Commercial Business
Base in the East
• Thriving Agricultural Economy
in the West
• Diverse Amenities and
Excellent Quality of Life
• Outstanding Public Schools &
Variety of Housing Options
1-(800)-LOUDOUN biz.loudoun.gov
THRIVING AGRICULTURAL AND TOURISM INDUSTRIES
• Over $1 Billion in Visitor
Spending
• $34 Million in Loudoun Farm
Products Sold Annually
• 42 Wineries
• Equine Industry employs 1,079
people and has a tax revenue
of $2.9 Million
Learn More at: loudounfarms.org
1-(800)-LOUDOUN biz.loudoun.gov
LOUDOUN POPULATION GROWTH
1930 – 2010
19,852 20,291 21,147 24,54937,150
57,427
86,129
169,599
312,311
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
1-(800)-LOUDOUN biz.loudoun.gov
TODAY, IN LOUDOUN
the state of our economy is strong
1-(800)-LOUDOUN biz.loudoun.gov
39 companies invested almost
$250 million to move to or expand
in Loudoun
1-(800)-LOUDOUN biz.loudoun.gov
PROSPERING COMMUNITY
-
100,000
200,000
300,000
400,000
500,000
2000 2010 2020 2030
Loudoun County Population Growth (2000-2030)
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
U.S. Virginia Wash. DC Loudoun
$116,848
Median Household Income
1-(800)-LOUDOUN biz.loudoun.gov
UNEMPLOYMENT
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Loudoun* U.S.
*2013 is preliminary estimate.
1-(800)-LOUDOUN biz.loudoun.gov
DEMOGRAPHIC RESEARCH
0
20
40
60
80
Perc
ent
U.S. Virginia Loudoun
Residents with a
University Degree or Higher• Loudoun County Public Schools
have a 95.1% on time graduate
rate
Loudoun’s population over age 25:
• 93.4% have a high school
degree or higher
• 56.7% have a university degree
or higher
1-(800)-LOUDOUN biz.loudoun.gov
TALENTED WORKFORCE
“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
1-(800)-LOUDOUN biz.loudoun.gov
ACCESS TO GLOBAL MARKETS
• Non-stop service to 48 world
cities connects to more than 80
percent of the world’s
economies
• Transatlantic hub for United
Airlines/Star Alliance
• Over 22 million passengers and
270,000 tons of cargo each year
• Ten years of international
passenger growth, with new
world destinations added every
year
Washington Dulles International Airport
1-(800)-LOUDOUN biz.loudoun.gov
WORLD CLASS RESEARCH FACILITIES
GWU Virginia Science
and Technology Campus
HHMI’s Janelia Farm
Research Campus
1-(800)-LOUDOUN biz.loudoun.gov
METRORAIL
1-(800)-LOUDOUN biz.loudoun.gov
DIVERSE BUILT INVENTORY
Mixed Use
IndustrialFlex/Data Center
Office
1-(800)-LOUDOUN biz.loudoun.gov
LOUDOUN COUNTY DEPARTMENT OF
ECONOMIC DEVELOPMENT
The Loudoun County Department of Economic Development Develops
Strategic and Innovative Programs to Grow a Diversified and Prosperous
Business Base Which Strengthens Loudoun’s Economy
1-(800)-LOUDOUN biz.loudoun.gov
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
1-(800)-LOUDOUN biz.loudoun.gov
LOUDOUN’S CLUSTERS
• Information & Communications
Technology (ICT)
• Data Centers & Big Data
• Aerospace & Defense
• Life Sciences & Health IT
• Aviation & Air Cargo
• Agriculture
1-(800)-LOUDOUN biz.loudoun.gov
LOUDOUN BUSINESSES
1-(800)-LOUDOUN biz.loudoun.gov
SMALL BUSINESSES
• There are more than 8,000
businesses in Loudoun with
fewer than 20 employees
• Loudoun offers many
specialized resources for small
businesses and entrepreneurs
• Our small businesses grow
into larger, successful
companies
1-(800)-LOUDOUN biz.loudoun.gov
a more balanced tax base
1-(800)-LOUDOUN biz.loudoun.gov
a diverse business community
1-(800)-LOUDOUN biz.loudoun.gov
Cybersecurity
Big Data
PersonalizedMedicine
1-(800)-LOUDOUN biz.loudoun.gov
IN 2020, LOUDOUN WILL
continue to attract businesses from all over the world
1-(800)-LOUDOUN biz.loudoun.gov
IN 2020, LOUDOUN WILL
have an infrastructure ready for the future
1-(800)-LOUDOUN biz.loudoun.gov
IN 2020, LOUDOUN WILL
be a hub of entrepreneurship
OPENwe’re
Come in
1-(800)-LOUDOUN biz.loudoun.gov
IN 2020, LOUDOUN WILL
have a rural economy that is as vibrant and vital as any in the country
1-(800)-LOUDOUN biz.loudoun.gov
IN 2020, LOUDOUN WILL
continue to attract and nurture talented and educated workers
2020
1-(800)-LOUDOUN biz.loudoun.gov
EDUCATION PROVIDERS
1-(800)-LOUDOUN biz.loudoun.gov
THANK YOU
Buddy Rizer, CEcD
Director
Loudoun Count Department of Economic Development
Buddy.Rizer@loudoun.gov
703-777-0426
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