Things are looking pretty good for Arlington, economy-wise — at least according to a presentation this morning by Arlington Economic Development Director Terry Holzheimer.
Unemployment and office vacancies are low. Real estate prices and hotel occupancy rates are on the rise. And a number of new construction projects are underway. Holzheimer said he expects the local unemployment rate to continue declining in 2011 while the impact from BRAC is mitigated by a robust demand for office space.
Holzheimer noted that between 2008 and 2010, Arlington saw a net employment increase while Alexandria and Fairfax saw a net employment decline.
Today’s presentation included a list of the top public and private employers in Arlington. The total number employees in Arlington in 2011 is noted below in parenthesis.
Given the current talk in Congress of significant federal budget cuts, Arlington’s large number of government employees may be of some concern.
Private Employers
- Deloitte (3,490)
- Lockheed Martin (2,668)
- Virginia Hospital Center (2,042)
- Marriott International (1,600)
- Booz Allen Hamilton (1,370)
- SRA International (1,359)
- CACI (1,251)
- US Airways (1,300)
- SAIC (1,281)
- Corporate Executive Board (986)
Government Employers
- U.S. Department of Defense (36,000)
- U.S. Department of Justice (5,200)
- U.S. Department of State (4,500)
- Arlington County School Board (3,800)
- U.S. Department of Homeland Security (3,500)
- County of Arlington (3,400)
- National Science Foundation (2,200)
- U.S. Environmental Protection Agency (2,100)
- U.S. General Service Administration (1,800)
- U.S. Department of Interior (1,200)