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Small Biz Focus: Looking Beyond Amazon… The New Way Forward

This column is sponsored by BizLaunch, a division of Arlington Economic Development.

By Victor Hoskins, Director at AED. 

It has been two months since Amazon announced its plan to bring its major new headquarters to Arlington.

In that time we have been busily planning and answering Arlingtonians’ many questions about the project. However, here at Arlington Economic Development, we are already looking ahead.

What’s next for Arlington’s economic landscape?

The Amazon effect, as it is being called, has been a game-changer for Arlington’s business community. Not only does Amazon’s decision really cement Arlington as a technology leader on the East Coast, the revenue generated from this company in the coming years will go a long way toward restoring stability to Arlington’s office environment, which has suffered from years of high vacancies.

Amazon will gradually reduce the eight million square feet that currently stands vacant in Arlington. Each one percent of vacant office space that we fill yields $3.4 million annually in new local tax revenues– revenues that help to provide resources and amenities valued by our community.

In a time when we all have faced difficult decisions regarding the County budget, this needed revenue comes at the perfect time.

But by no means is this a time to sit on our laurels. It just changes the conversation a little. In addition to putting a dent in Arlington’s office vacancy rate, what Amazon has truly done is put us on the map as a desired location to do business. That is where the real work begins.

The AED team is always working to find the next innovative company that is considering making Arlington its home. We are focusing on diversifying our economic base. We have come a long way in the last four years, but there is still work to be done to ensure Arlington’s place as a leader in the innovation economy.

The Amazon deal did something else that will also help to propel us into the future. That deal set truly unprecedented levels of partnership between jurisdictions and the Commonwealth of Virginia to ensure success, and that partnership around the region is something we only see growing. It is truly a regional economy now, and we need to think that way moving forward.

I look forward to working closely with my colleagues at the Virginia Economic Development Partnership as well as the counties throughout Northern Virginia. In addition, D.C. and Maryland Counties across the river are colleagues I have come to value not just as coworkers, but also as friends.

We have all discovered that by working together, the entire region benefits, and I believe that is the true Way Forward formula that will bring economic success to Arlington.

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Join the Alexandria Symphony for their Home for the Holidays concert on December 17-18.

Grab some friends and sign up for Parks & Rec’s Eugene J. Green Memorial Winter Basketball League! Adults 18+ can register teams of up to 12 people for the ten-game season. Cost is $765 per team. Games are Mondays and/or Wednesdays at Arlington Mill Community Center starting the week of Jan. 4. Sign up here by Dec. 11.

Submit your own Announcement here.

Join us at Art House 7 this Saturday 4-7pm for our Annual Open House – Teacher and Student art show!

  • Meet our teachers
  • See student and teacher artwork
  • Teacher’s paintings, ceramics, notecards will be for sale
  • Enjoy beverages and light refreshments
  • All attendees get a $20 gift certificate off a class
  • 30% off everything in our Supply Store for holiday gifts

Sat. Dec. 3, 4-7pm

Art House 7
5537 Langston Blvd.
Arlington VA 22207
arthouseseven.com
703-269-0946

Submit your own Announcement here.

National Chamber Ensemble – Holiday Cheer!

NCE’s Holiday Concert will bring the finest classical masterpieces and holiday favorites together for the whole family. The festivities begin with Leroy Anderson’s classic “Sleigh Ride” and “Chanukkah Festival”, music from the Nutcracker and by J.S. Bach.

Outstanding Young Artist

Washington-Liberty Annual Holiday Bazaar

Join us Saturday December 3 from 10 to 4 p.m. at W-L High School, for this much anticipated Arlington holiday tradition! We will be featuring over 65 vendors for gift shopping, our student clubs and activities fundraising booths, and food

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