dulles area association of realtors · 2014-10-03 · dulles area association of realtors economic...

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

Dulles Area Association of RealtorsEconomic Summit October 3, 2014

Scott K. YorkChairman – Loudoun County Board of Supervisors


Housing Pipeline

Transportation

Economic Development


1-(800)-LOUDOUN biz.loudoun.govScott K. YorkChairman – Loudoun County Board of Supervisors

1705 - Born in Scotland 5 May

1731 – Became Lord Loudoun

Served in the British Army

1756 to 1759 Commander –in-Chief of North America & Governor General of Virginia

John Campbell – 4th Earl of Loudoun


Housing PipelineUnits Built or Permitted

SFD SFA MF GO TotalAshburn 4,969 3,780 4,663 132 13,544Dulles 3,058 3,323 1,938 0 8,319Leesburg 738 140 335 0 1,434 Northwest 332 32 0 0 364Potomac 0 0 0 0 0Rt. 15 North 710 33 0 0 743Rt. 15 South 328 25 0 0 353Rt. 7 West 1,361 148 0 0 1,495Southwest 18 0 0 0 18Sterling 0 141 121 0 262

Totals: 11,514 7,622 7,057 132 26,625



Housing PipelineUnits Remaining to be Permitted

SFD SFA MF GO TotalAshburn 743 2,423 10,457 398 14,021Dulles 5,401 3,669 2,938 0 12,008Leesburg 654 276 504 0 1,434 Northwest 429 44 0 0 473Potomac 113 39 0 0 152Rt. 15 North 219 0 0 0 219Rt. 15 South 182 0 0 0 182Rt. 7 West 767 197 0 0 978Southwest 146 12 49 0 207 Sterling 0 80 3,259 0 3,339

Totals: 8,654 6,740 17,207 398 33,013



GROWING COMMUNITY

-

100,000

200,000

300,000

400,000

500,000

2000 2010 2020 2030

Loudoun County Population Growth (2000-2030)


360,000


Transportation


2

3C

Countywide Transportation Plan

Map


ACCESS TO METRORAIL

● 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

Dulles Airport Station



$737 million in adopted 6 year CIP

FY15 Funding Sources: $.02 from the tax rate for transportation – $12,800,000

30% NVTA funding - $14,200,000

70% NVTA funding - $27,500,000

State funding - $18,200,000

Transportation Funding


ACCESS TO GLOBAL MARKETSWASHINGTON DULLES INTERNATIONAL AIRPORT

● 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



EDUCATED, HIGH-TECH WORKFORCE

0

20

40

60

80

Per

cent

U.S. Virginia Loudoun

Residents with aUniversity Degree or Higher

-

10,000

20,000

30,000

40,000

50,000

2002 2012 2022

Number of Jobs

Jobs in Information Technology



LOUDOUN BUSINESSES



FY14 Wins = $85,250,000 of investment1,174 new jobs763,200 new Sq Ft

FY15 Wins = $22,200,000 of investment

22 Loudoun companies made Inc magazines list of the nations top 5,000

fastest growing businesses

8 new wineries


DATA CENTER COMMUNITY



EXCEPTIONAL QUALITY OF LIFE

Outstanding Public Schools

Variety of Housing Options

Diverse Amenities



GREAT SCHOOL SYSTEM● 74,000 Students

● 9,648 Employees

● 13 High Schools

● 14 Middle Schools

● 51 Elementary Schools

● 6 Schools are forecasted to be built over the next 6 years

● About $0.70 of every tax dollar goes towards education



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

● Some of the Services we fund:

Fire and Recue• Law Enforcement• Parks and Recreation• Transportation – Road Construction• Transit – Bus Service & Rail • Human Services• Libraries • Community Development



LOUDOUN VIRGINIA DISTINCTIONS

● #1 America’s Richest Counties, Forbes.com

● #2 Fastest Growing Large CountyForbes.com

● 70% of the World’s Internet Traffic

● 3rd Largest East Coast Trans-Atlantic Hub

● AAA Credit Rating for 8 Consecutive Years

● #1 for Wineries in Virginia



Dulles Area Association of RealtorsEconomic Summit October 3, 2014


dulles area association of realtors · 2014-10-03 · dulles area association of realtors economic...

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