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http://biz.loudoun.gov+1 (703) 777-0426
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Loudoun County:
More than You Imagine
Scott York, Chairman
Beth Hain, Manager Business Investment
Business Supporters include:
B. F. Saul Company Bridgman Communications and GEORGIA GRAVES Committee for Dulles Fortessa Inc. George Washington University, Virginia Campus Howard Hughes Medical Institute Inova Loudoun Hospital MC Dean Metropolitan Washington Airports Authority
Loudoun County – Access to the WorldWashington Dulles International Airport has:
•17.8 million passengers
•358,500 tonnes cargo
•400 weekly departures to 40 international cities
•8 daily non-stop flights to Frankfurt, Munich, Vienna, and Zurich
•Runway expansion
Close proximity to Baltimore Port, Virginia Inland Port (FTZ) and an expanding Port of Virginia.
40 Destinations22 Carriers403 Weekly Departures
Loudoun’s Strategic Location: Convenient East Coast Market Accessibility
40 km west of Washington, D.C.
Within 2 hour flight from 60% of U.S. and Canadian populations
Access to 35% (175) of Fortune 500 Headquarters from Boston to Atlanta
Overnight delivery to 49% of the U.S. market-Boston to Atlanta-via the I-95 corridor
•Population: 5 Million +
•6,000 sq miles / 15,500 sq kilometers
•Larger than Greater Berlin, Brussels, and Madrid
Greater Washington
German Companies in Greater WashingtonOver 60 German companies including …
* Companies with Loudoun County Presence
•Altenloh, Brinck & Company•Aquafin•Autoflug Libelle•BYK—Gardner•ComTel Electronic Systems•Daimler Chrysler•Detecon•Deutsche Post Global Mail•Dichtomatik Americas*•DIW—Bonn•Frenzelit North America*•Giesecke & Devrient America*
•Heckler & Koch*•Leica Microsystems•Lufthansa•Niro Inc.•Rehau*•Rheinmettal•Rohde & Schwarz•Schenker International•Segus•Siemens•Software A.G.•Universal Dynamics
Greater Washington DC’s International Environment
700+ internationally owned companies from over 39 countries• 17% from United Kingdom• 12% from Japan• 9% from France• 9% from Germany• 8% from Canada
400+ international associations
180 embassies
Source: Greater Washington Initiative, 2006.
“To find our place, we made an internal rating, took several criteria and gave them a value. The overlapping working hours with Europe, the closeness to an international airport, and proximity to our customers had the highest weights. Also important to us is the convergence of government, industry and academia, which is special in this area. We liked the industrial wired feel – it is motivating to be somewhere with low unemployment and positive attitudes towards work-oriented life – and the fact that we’re in reach of the ocean, the mountains and DC.”
- Angelika Kirchmeyer, President & CEO, Quappa Inc. of Saarland, Germany
Why Companies Choose Loudoun County
“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 peoplefrom 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
Why Companies Choose Loudoun County
Top Sectors in Loudoun County
Information Technology Aerospace Biotechnology/Life
Sciences Defense/Government Network Security Satellite Communications Systems Integration Telecommunications Wireless
Loudoun County, VA – Dulles Corridor
• Dulles Corridor is know as the Silicon Valley of the East.
• Loudoun County based AOL has anchored the industry‘s growth:
Fostering spin-out technology
Stimulating venture capital and entreprenuerial growth
Expanding data center market
Loudoun’s Local Economy –Stable and Growing
60% increase in population from 2000-2007 49% increase in employment from 2000-2007 6% of population employed in the Information
Industry Sector Strong small business community
contributing to innovation• Over 80% of businesses have fewer that 20
employees
Loudoun County offers lifestyle choices3 Distinct Geographies : • Historic towns: entrepreneurial start-ups• Suburban Neighborhoods: diverse industry, large
and small businesses• Rural Communities: 165K producing acres /
66,800 hectares, 20 wineries, 7 farmers markets
Loudoun County’s Education
Public Education – one of the best public school systems in the US, supported and enhanced by school-business partnerships with regional and global corporations
Learning Corridor—Loudoun’s resources include nearly a dozen universities and research institutions, such as George Washington University, George Mason University, and the Howard Hughes Medical Institute at Janelia Farm. These institutions complement the existing highly educated workforce.
Language Immersion—Proximity to a large German school, including a kindergarten, operating under the German education system
Loudoun’s Entertainment and Recreation• over 40 parks and
numerous trails• upscale shopping and
restaurants• award-winning wineries• horse farms and
equestrian events• golf courses• organic produce farms• sporting events• nearby mountain and
beach destinations
Culture•Dodona Manor— the former home of George C.
Marshall of the Marshall Plan
•Historic German settlements such as Lovettsville
• Oatlands—historic property which was a thriving wheat plantation and base for numerous business enterprises until the time of the Civil War.
•Kennedy Center— producing and presenting an unmatched variety of theater and musicals, dance and ballet, orchestral, chamber, jazz, popular, and folk music, and multi-media performances for all ages.
•Equestrian Events—Steeplechase, Polo
U.S.A. Comparison and the Greater Washington Region
U.S.A. Population Comparison (in Millions)
4.18
4.45
5.29
5.46
9.51
12.95
18.82
San Francisco
Boston
Greater Washington
Miami
Chicago
Los Angeles
New York
SOURCE: American Community Survey, 2006
8th Largest in the U.S.
U.S.A. Unemployment Rate, 2007
4.4
4.3
4.9
4.7
3.7
3.1
2.2
4.4
San Francisco
Boston
Chicago
New York
Los Angeles
Miami
Greater Washington
Loudoun County
SOURCE: Bureau of Labor Statistics
Lowest Unemployment
Rate In US
U.S.A. Employment Growth, 2000-2007
-3.77%
2.83%
7.07%
14.10%
11.73%
-0.91%
3.10%
San Francisco
Boston
Chicago
New York
Los Angeles
Miami
Greater Washington
SOURCE: Bureau of Labor Statistics
304,642+ jobs between
2000-2007
Loudoun’s Growth 49%
Federal & Private Employment - Greater Washington
SOURCE: GWI Analysis of Bureau of Labor Statistics and Maryland DLLR Data, 2005NOTE: Percents will not add to 100%. State and local government data is not included
58.0%62.6% 61.7%
70.9%76.0%
79.3%
35.3%29.6%
26.0%
18.9%13.5%
10.6%
1955 1965 1975 1985 1995 2005
Private SectorFederal Government
Loudoun’s Private
Sector 85%
Regional Technology Workforce and Education
Largest and strongest technology cluster in the United States• 9,000+ companies
Most highly educated workforce in the world• 46% of the adult population has a bachelor’s degree or higher; • 21% has an advanced degree
More than 50 colleges & universities• over 328,000 full-time students annually
333,000 technology employees 3x bigger than California’s
Silicon Valley
Source: Greater Washington Initiative, 2006
2007 Fortune 1000 Headquarters – Greater WashingtonLockheed Martin
Sprint-Nextel
General Dynamics
Capital One
Marriott International
AES
Gannett
CACI
Anteon
XO Communications
…and more
23 Fortune 1000 Headquarters
Loudoun County Department of Economic Development
Offering personalized assistance
• Information to assist in decision making
• Site selection assistance U.S. facility
• Connect your business with relevant local resources and leaders
Leased Office Costs 5 Employees X 300 sq ft/employee 1500 sq ft office X $25.00/sq ft (range $19-25, varying terms) $28,500 to $37,500/year
(plus receptionist/furniture/telephony/etc)
Serviced Office Costs 1-3 people $800 – $2,000/month $9,600 - $24,000/year
(Includes receptionist/furniture/conference room/T-1)
Staff Costs Executive Director/General Manager:
$110-160K Director of Sales/Business Development:
$90-110K base (+ commission)
Analyzing Costs
Contact Details
http://biz.loudoun.gov
Ms. Beth A. Hain
Manager, Business Investment
+1 (703) 777-0426
Supervisor Scott York
Chairman
Loudoun County Board of Supervisors
Economic Development