national rural utilities cooperative finance corporation

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

National Rural Utilities Cooperative Finance CorporationDecember 8, 2014

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

THANKS FOR YOUR INVESTMENT!

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TODAY

• Loudoun Overview

• State of the Local Economy

• Department of Economic Development

• A Look Ahead

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LOUDOUN, VIRGINIA

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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

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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

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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

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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

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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

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TODAY, IN LOUDOUN

the state of our economy is strong

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39 companies invested almost

$250 million to move to or expand

in Loudoun

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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

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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

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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

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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

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WORLD CLASS RESEARCH FACILITIES

GWU Virginia Science

and Technology Campus

HHMI’s Janelia Farm

Research Campus

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METRORAIL

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DIVERSE BUILT INVENTORY

Mixed Use

IndustrialFlex/Data Center

Office

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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

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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

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LOUDOUN BUSINESSES

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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

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a more balanced tax base

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a diverse business community

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Cybersecurity

Big Data

PersonalizedMedicine

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IN 2020, LOUDOUN WILL

continue to attract businesses from all over the world

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IN 2020, LOUDOUN WILL

have an infrastructure ready for the future

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IN 2020, LOUDOUN WILL

be a hub of entrepreneurship

OPENwe’re

Come in

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IN 2020, LOUDOUN WILL

have a rural economy that is as vibrant and vital as any in the country

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IN 2020, LOUDOUN WILL

continue to attract and nurture talented and educated workers

2020

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EDUCATION PROVIDERS

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THANK YOU

Buddy Rizer, CEcD

Director

Loudoun Count Department of Economic Development

Buddy.Rizer@loudoun.gov

703-777-0426