Despite steady growth in employment numbers, office vacancy rates in Fairfax County continue to rise.
Stephen Tarditi, director of market intelligence at the Fairfax County Economic Development Authority (FCEDA), presented recent data on office vacancies to the Board of Supervisors during an economic advisory committee meeting yesterday (Tuesday).
Fairfax City will kick off a week-long celebration of its local, small businesses tomorrow (Thursday).
Fairfax City Economic Development (FCED) has teamed up with the Central Fairfax Chamber of Commerce and the Old Town Fairfax Business Association for the city’s first-ever “Shop Local Week,” which will unfold from July 25 through next Wednesday, July 31.
If you’ve driven or taken a stroll down Vienna’s Maple Avenue this summer, you might’ve noticed more pops of color than in previous years.
The Town of Vienna wants to draw more attention to the vivid flowers lining its main downtown streets with a new, self-guided “Vienna in Bloom” streetscape tour. The town’s economic development and parks and recreation departments unveiled a map last Friday (July 19) showing the locations of dozens of different flowers and nearby local businesses.
Reinforcements are on the way to bolster Fairfax City and the Town of Vienna’s restaurant industry.
The two localities are seeking applicants for a new Culinary Careers Collaborative program intended to train future chefs, bartenders and other food service workers for potential jobs with local businesses.
The McLean Project for the Arts (MPA) could potentially get a financial assist from Fairfax County for its campaign to turn a long-vacant retail space into a new arts center.
The Board of Supervisors directed staff on Tuesday (June 25) to evaluate whether the MPA Downtown project might be eligible for a public investment from the county’s Economic Opportunity Reserve (EOR), which can be used to support “economic development activities of strategic importance,” along with capital development projects and real estate purchases.
Fairfax County is looking at Reston’s Lake Anne area and the Huntington Metro station as the next candidates for a program that offers tax breaks and other incentives to jumpstart revitalization efforts.
Both areas have proven difficult to redevelop and are seeing stagnant real estate values, despite their prime locations and the county’s overall economic growth, according to Elizabeth Hagg, director of the Fairfax County Department of Planning and Development’s community revitalization section.
Fairfax City is gearing up for its annual summer beer crawl this weekend.
The event, hosted by Fairfax City Economic Development, the Old Town Fairfax Business Association, and the Central Fairfax Chamber of Commerce, will take place this Saturday, June 22, from noon to 6 p.m.
Google plans to invest $1 billion to expand data center campuses in Northern Virginia this year, including two Loudoun County sites and a newly opened site in Prince William County.
Ruth Porat, the president, chief investment officer and chief financial officer of Google and its parent company, Alphabet, announced the funds on Friday (April 26) at the company’s Reston headquarters. They will bring Google’s total investment in the state to more than $4.2 billion to date.
The Town of Herndon is getting a new director of economic development.
Marc G. Smith will assume the position starting on May 13, the town announced today (Tuesday). He will succeed previous economic development manager Dennis Holste, who was appointed to that newly created position in 2013 and vacated the job last year to move to his native Florida.
The deal to bring the Washington Capitals and Wizards to Alexandria’s Potomac Yard is officially dead, and the developer says suggestions that an arena could be built in Tysons instead were the final nail in the coffin.
Alexandria City officials revealed yesterday (Wednesday) that they had ended negotiations with developer JBG Smith, Wizards and Capitals owner Monumental Sports & Entertainment, and other stakeholders for a stadium in the proposed Potomac Yard Entertainment District. About an hour later, Monumental owner Ted Leonsis and D.C. Mayor Muriel Bowser announced that the two professional sports teams will stay at Capital One Arena in Chinatown after all.
