Dulles Area Association of Realtors

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Garey Scott
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1 Dulles Area Association of Realtors Economic Summit October 3, 2014

2 Housing Pipeline Transportation Economic Development

1705 - Born in Scotland 5 May 1731 Became Lord Loudoun Served in the British Army 1756 to 1759

3 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 4 th Earl of Loudoun

4 Housing Pipeline Units Built or Permitted SFD SFA MF GO Total Ashburn 4,969 3,780 4, ,544 Dulles 3,058 3,323 1, ,319 Leesburg ,434 Northwest Potomac Rt. 15 North Rt. 15 South Rt. 7 West 1, ,495 Southwest Sterling Totals: 11,514 7,622 7, ,625

5 Housing Pipeline Units Remaining to be Permitted SFD SFA MF GO Total Ashburn 743 2,423 10, ,021 Dulles 5,401 3,669 2, ,008 Leesburg ,434 Northwest Potomac Rt. 15 North Rt. 15 South Rt. 7 West Southwest Sterling , ,339 Totals: 8,654 6,740 17, ,013

GROWING COMMUNITY Loudoun County Population Growth (2000-2030)

6 GROWING COMMUNITY Loudoun County Population Growth ( ) 500, , , , , ,

7 Transportation

8 2 3C Countywide Transportation Plan Map

9 ACCESS TO METRORAIL Dulles Airport Station 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

10 Transportation Funding $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

11 Economic Development

for United Airlines/Star Alliance Over 22 million passengers and 270,000 tons of cargo

12 ACCESS TO GLOBAL MARKETS WASHINGTON 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

13 EDUCATED, HIGH-TECH WORKFORCE Residents with a University Degree or Higher 80 50,000 Jobs in Information Technology 60 40,000 Percent 40 30,000 20, ,000 0 U.S. Virginia Loudoun Number of Jobs

14 Economic LOUDOUNDevelopment BUSINESSES FY14 Wins = $85,250,000 of investment 1,174 new jobs 763,200 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

15 DATA CENTER COMMUNITY

16 EXCEPTIONAL QUALITY OF LIFE Outstanding Public Schools Variety of Housing Options Diverse Amenities

17 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

18 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

19 LOUDOUN VIRGINIA DISTINCTIONS #1 America s Richest Counties, Forbes.com #2 Fastest Growing Large County Forbes.com 70% of the World s Internet Traffic 3 rd Largest East Coast Trans- Atlantic Hub AAA Credit Rating for 8 Consecutive Years #1 for Wineries in Virginia

20 Dulles Area Association of Realtors Economic Summit October 3, 2014

Metropolitan Washington Airports Authority (MWAA)

RONALD REAGAN WASHINGTON NATIONAL DULLES TOLL ROAD DULLES METRORAIL WASHINGTON DULLES INTERNATIONAL Metropolitan Washington Airports Authority (MWAA) Andrew Rountree Chief Financial Officer & Vice President