News

Budget Cuts May Hurt Local Economic Growth — With looming budget cuts and the possible implications of the fiscal cliff, the D.C. area economy is starting to look more vulnerable and more like the rest of the country, according to economists. The federal government and information job categories have seen losses recently, and slower economic growth is expected over the next two decades. [Sun Gazette]

Residents Still Wary of Homeless Shelter — Residents have of the Woodbury Heights condominium in Courthouse, who have been speaking out against the county’s planned year-round homeless shelter at 2020 14th Street N., have been working with Arlington and its contractors on changes to the design of the building. Residents want the entrance to the shelter to be as far away from their building as possible. One homeless advocate, frustrated with the residents’ continued opposition to the shelter, called the attendees at a recent community meeting “the biggest group of snobs I’ve ever seen.” [Patch]


News

The letter asks McDonnell to “prod” Republicans in Congress to support a deficit reduction package that closes tax loopholes, eliminates “unneeded subsidies,” and avoids deep cuts to social safety net programs.

Sequestration could cost Virginia 207,000 jobs and $20.9 billion in lost economic activity, according to one economist.


News

In terms of population, Arlington’s Community Planning, Housing and Development (CPHD) department estimates that there are 99,900 total household in the county. Arlington’s population, meanwhile, will exceed a quarter of a million by 2040, according to CPHD forecasts.

Government was the top job sector in Arlington, based on 2012 estimates.


News

According to new state tourism figures, visitors spent nearly $2.5 billion in Arlington in 2010, an increase of more than 6 percent compared to 2009. Tourism revenue was still down slightly from its peak in 2008.

Tourism was responsible for 23,164 jobs and a total payroll of $790 million in Arlington in 2010, according to the Virginia Tourism Corporation. The county collected some $72 million in tax receipts as a result of tourism, and the state collected $81 million from Arlington tourists.


News

AFAC served 1572 families, or 4006 individuals, last week. The previous high was hit on Nov. 21, 2009, when AFAC served 1524 families during its traditionally busy Thanksgiving distribution week. Last month, AFAC saw its highest average monthly number of families served: 1450.

“Most of the individuals, I would say, are affected by the recession,” AFAC Executive Director Charles Meng told ARLnow.com. “The issue remains that unemployment among the lower income brackets in Arlington County is still very high. Those individuals are still not finding jobs, or are getting jobs that pay minimum wage.”


Opinion

Now, as the national economy teeters once again, there’s some question of whether the local economy can remain an island of vibrancy. With federal discretionary spending decreasing, and with the possibility of even steeper cuts down the road, Uncle Sam may not be able to provide the steady flow of cash that kept the local economy going during the last recessionary period.

The local economic indicators are a mixed bag. Unemployment in Arlington is still remarkably low, at 3.9 percent. Home sales are up in the most recent period, but home sale prices are down considerably in Arlington and in the D.C. metro area.


News

If such a shutdown were to happen, Moran says he believes that furloughed federal employees would not be reimbursed for their time off due to Republican opposition to such a move. A shutdown could last several weeks and have a “severe impact” on the local economy, Moran warned.

“This is very, very, serious,” Moran said. “Federal employees need to understand that this is not 1995, when we closed down… and [employees] were fully reimbursed.”


News

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.


News

Sept. 15, 2011 was supposed to be the date by which some 5 million square feet of military-occupied office space in Arlington — 17 percent of the county’s office inventory — would be moved out as a result of the Base Realignment and Closure Act.

Now, it appears that most of that leased space will still be in use by the military through 2012 and beyond.


View More Stories