economic development | ARLnow.com

Amazon Could Take Advantage of a Tech Incentive Program to Generate Hefty Tax Savings

Published March 6, 2019 at 3:30PM | Updated March 7, 2019 at 9:37AM

The office building at 241 18th Street S. that Amazon plans to occupy in Crystal City.

(Updated at 4:45 p.m.) Once Amazon starts to move into Arlington, the company could take advantage of a little-used county incentive program for tech firms to substantially slash its local tax burden.

Documents released in late January show that Arlington officials explicitly pitched the tech giant on the prospect of scoring major tax savings through the county’s “Technology Zone” program, back when they were still wooing Amazon last year. Created in 2001 and last updated in 2014, the program was designed to provide incentives for high-tech businesses to move to Arlington by offering significantly reduced rates for the county’s “Business, Professional and Occupational License” tax in certain neighborhoods.

Feature

Small Biz Focus: What Economic Development Means to Arlington County

By ARLnow.com Sponsor

Published February 27, 2019 at 12:00PM

This article was written by Christina Winn, Director of Business Investment for Arlington Economic Development.

As a professional economic developer, I’m often asked by my fellow Arlington residents and business owners about the importance of economic development.

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In Rare Public Appearance, Amazon Leaders Pledge to Become ‘Good Neighbors’ in Arlington

By Alex Koma

Published February 22, 2019 at 1:30PM

An Amazon executive joins leaders from around the region for a panel discussion.

Amazon executives say they’re looking forward to becoming “good neighbors” in Arlington, delivering a decidedly optimistic message to local leaders in one of the company’s first public events since tabbing the county for its new headquarters.

The tech giant’s head of worldwide economic development, Holly Sullivan, assured a crowd of government officials and business executives last night (Thursday) that the company is looking to build a “sustainable long-term partnership” in the region. That presented a stark contrast with Amazon’s recent decision to spurn New York City over concerns that local leaders were insufficiently supportive of a new headquarters there.

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BREAKING: Amazon Cancels NYC HQ2 Plans, But Leaders Say ‘Nothing Has Changed’ for Arlington

By Alex Koma

Published February 14, 2019 at 11:50AM | Updated February 14, 2019 at 6:00PM

A rendering of Amazon's planned development at the "PenPlace" site in Pentagon City

(Updated at 2:45 p.m.) Amazon is cancelling plans to build half of its “HQ2” in New York City, citing mounting criticism from local officials and activists in its reasoning for abandoning its other proposed location for a new headquarters outside Arlington.

But Amazon said in a statement announcing the change that it does not intend to re-open the HQ2 search and will “proceed as planned in Northern Virginia and Nashville.”

Love is All Arlington this Valentine’s Day

Published February 7, 2019 at 5:30PM

The Made in Arlington Pop-Up is in full bloom on February 12 at the Courthouse Plaza Shop with new vendors and sweet treats for all the Valentines in your life.

Adding local charm to gifts of the heart, Arlington’s creative makers, artisans and entrepreneurs are part of a growing creative sector. Not sure how to declare your love or say it best? FastSnail greetings is on hand with artist designed cards that will make the recipient smile.

News

Morning Notes

By ARLnow.com

Published January 7, 2019 at 8:45AM | Updated January 7, 2019 at 9:03AM

Apartment Project Feels ‘Amazon Effect’ — “The Amazon real estate effect in Northern Virginia is being felt from home sales to new development. Nearly two years ago, the owners of Crystal House Apartments applied to add a building and 252 units to the Crystal City Metro-proximate community. Now, that vision has more than tripled in size.” [UrbanTurf, Bisnow]

Arlington Has Low Home-School Rate — “Arlington has the lowest rate of home-schooled students in Northern Virginia, according to new state data. A total of 0.5 percent of Arlington students were home-schooled in the 2017-18 school year, according to a new jurisdiction-by-jurisdiction compilation by the Virginia Public Access Project (VPAP).” [InsideNova]

News

After Amazon, Arlington’s Top Business Booster Pitches A ‘Silicon Valley on the Potomac’

By Alex Koma

Published December 11, 2018 at 1:45PM | Updated July 8, 2019 at 4:20PM

After helping convince Amazon to bring 25,000 jobs to Arlington, Victor Hoskins could probably be forgiven for looking for his next challenge.

The county’s top economic development official has already bounced around the Washington region a bit over the course of his career, serving in similar roles in D.C., Prince George’s County and even Maryland’s state government. But few of the deals Hoskins struck in those jobs could hope to rival the agreement he worked to forge with Amazon, in terms of both size and controversy.

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County Expects Amazon’s Arrival Will Spark a Transformation of Crystal City Office Buildings

By Alex Koma

Published November 27, 2018 at 3:45PM

Crystal City’s bevy of aging office buildings have long been in need of a makeover, and Arlington officials hope Amazon’s arrival will spur some big development changes in the neighborhood.

The tech giant itself will be responsible for a major transformation of the newly christened “National Landing” all on its own, of course. Amazon will start off by leasing space from property owner JBG Smith in Crystal City, with plans to fully renovate those office buildings, and even construct its own facilities on various plots of land in Pentagon City.

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Arlington Shouldn’t Fear a ‘Tsunami’ of New Residents With Amazon’s Arrival, Officials Say

By Alex Koma

Published November 14, 2018 at 9:45AM

Amazon’s new headquarters will fundamentally transform Arlington in the years to come, but county officials are hoping to reassure residents that the area won’t change in the blink of an eye.

Instead, Arlington leaders are painting the arrival of the tech giant — and the 25,000 workers set to someday occupy its new office space — as a development that will shape the county’s economic landscape over time, rather than overnight. And, they hope, that will give the county time to prepare accordingly.

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With Amazon On Board, Leaders Look to Quell Concerns Over Incentives for the Tech Giant

By Alex Koma

Published November 13, 2018 at 3:50PM | Updated November 14, 2018 at 10:16AM

(Updated at 4:05 p.m.) Concerns about the wisdom of doling out millions in incentives to lure Amazon to Arlington have abounded ever since rumors first kicked up that the company could head to the county — but Tuesday’s celebration of the move in Pentagon City didn’t betray much trepidation among state and local leaders.

Instead, Gov. Ralph Northam and a cadre of others devoted the afternoon to hailing the tech giant’s decision to bring a new headquarters to Arlington as a transformative one for the region.

News

County Hands Over Half of Cash Incentives Promised to Nestle for Rosslyn Move

By Alex Koma

Published August 29, 2018 at 9:45AM

Nestle is now in line to earn half of the $4 million in local grants Arlington promised the company in exchange for moving to Rosslyn, after meeting the county’s targets to qualify for the incentives.

In all, the packaged food giant will receive $12 million in cash and infrastructure improvements after agreeing to relocate its corporate headquarters to 1812 N. Moore Street last February. But the money did come with some strings attached, forcing the company to prove that it will create 748 new jobs with an average annual salary of $127,719 in the county and lease at least 205,000 square feet of office space by the time 2020 arrives.

News

Arlington Officials Hail the Arrival of Small Business SyLearn as a Modest, Yet Meaningful, Win

By Alex Koma

Published August 23, 2018 at 4:45PM

County Board members Christian Dorsey and Libby Garvey and help SyLearn CEO Jay Chandok cut the ribbon on his new business.

While most ribbon cuttings for new businesses around Arlington tend to be full of pomp and circumstance, SyLearn’s grand opening in a modest Virginia Square office building Wednesday was a family affair.

CEO Jay Chandok, who helped found the new IT training company, busily urged guests to help themselves to a full buffet, as the daughters of Chandok and other staff members snapped pictures of new arrivals with iPhones. One made sure to introduce each visitor to one of her dolls, which she’d given a Hawaiian name: Leilani.