Arlington, VA

Morning Notes

Ballston-Based E*TRADE Acquired —  “Morgan Stanley and E*TRADE Financial Corporation have entered into a definitive agreement under which Morgan Stanley will acquire E*TRADE, a leading financial services company and pioneer in the online brokerage industry, in an all-stock transaction valued at approximately $13 billion.” [BusinessWire, Wall Street Journal]

County Wants Feedback on Capital Projects — “As part of this year’s budget season, you’re invited to share your input on capital priorities for Arlington County Government. Where should we make investments? Which types of projects top your list? We want to know what you think. Your input will help guide development of the County Manager’s Proposed Capital Improvement Plan (CIP) Fiscal Years 2021 – 2030, which will be presented to the Arlington County Board in May.” [Arlington County]

More on Upcoming EPA Move — “‘Facing budget constraints during the past few years, the agency has tried to reduce impacts on its programs by using rent savings to absorb appropriations cuts,’ said the EPA spokeswoman. ‘The lease for [Potomac Yard South] expires in March 2021 and by not renewing it, the agency can expect to attain approximately $12.7 million in rent savings annually,’ she said.” [E&E News]

New AED Director Settling In — “Tucker is pledging not to lose focus on helping the county’s existing businesses, particularly its small, family-owned companies. Critics of AED have long accused it of pursuing large corporate tenants at the expense of supporting mom-and-pop shops, a perception Tucker is keen to reverse.” [Washington Business Journal]

AHC Returns $$$ to Affordable Housing Fund — “AHC Inc., an Arlington, VA-based affordable housing developer, deposited more than $710,000 this week into the County’s revolving low-interest loan program, the Affordable Housing Investment Fund (AHIF). This year’s annual repayment boosts AHC’s total repayments to more than $45 million since the AHIF program began in 1988. The payments vary from year to year. Last year, AHC returned $4.9 million to the fund.” [Press Release]

Saturday: Census ‘Celebración Comunitaria’ — “Join us at the Gates of Ballston Community Center for food, family activities, an art contest, a kid’s raffle, and information about the upcoming 2020 Census 2020! Event sponsored by Arlington County, Census 2020, Alfo-Conce, Producciones POPB’IL.” [Arlington County]

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