economy | ARLnow.com

Published August 17, 2020 at 12:30PM | Updated December 23, 2020 at 1:07PM

Sponsored by Monday Properties and written by ARLnow, StartupMonday is a weekly column that profiles Arlington-based startups and their founders, plus other local technology happenings. Monday Properties is proudly featuring Shirlington Gateway. Say hello to the new 2800 Shirlington, which recently delivered a brand-new lobby and upgraded fitness center. Experience a prime location and enjoy being steps from Shirlington Village, a large retail hub with a variety of unique restaurants and shopping options. Spec suites with bright open plans and modern finishes are under construction and will deliver soon!

There were 31 Arlington-based companies included in Inc. Magazine’s annual list of America’s 5,000 fastest-growing private companies.

News

Amazon Hires 1,000th HQ2 Employee, With No Plans to Downsize Workforce

By ARLnow.com

Published June 30, 2020 at 10:30AM

Amazon's HQ2 site under construction on June 17, 2020 in Pentagon City (Staff Photo by Jay Westcott)

A thousand down, 24,000 still to go.

Amazon announced today that it has hired its 1,000th HQ2 employee, though its physical offices in Arlington remain closed due to the pandemic. The tech and retail giant also announced that it still plans to ultimately fill 25,000 positions at its second headquarters, potentially putting to rest speculation that HQ2 could be downsized amid a work-from-home trend.

News

Arlington Ranks as No. 1 Place for Working from Home

By ARLnow.com

Published April 9, 2020 at 11:30AM

Arlington has the highest proportion of residents who can work from home in the U.S., according to a new study.

That’s according to financial website SmartAsset, which ranked the 200 largest U.S. cities by the estimated percentage of the workforce that can work remotely.

News

Arlington Ranks Among Most Recession-Resistant Places in U.S.

By ARLnow.com

Published March 9, 2020 at 11:55AM

We already knew from experts that Arlington would likely dodge a bullet, relatively speaking, during the next recession. But it’s good to hear some reinforcement of that on a day that the stock market is down nearly 5%.

At one point today, amid coronavirus fears and plummeting oil prices, the Dow was down more than 2,000 points. Trading was halted for 15 minutes due to the massive drop.

News

Morning Notes

By ARLnow.com

Published November 13, 2019 at 7:30AM | Updated November 13, 2019 at 8:55AM

A VRE train near Crystal City (Staff photo by Jay Westcott)

HQ2 Business Boom Strains County — “A full year after Amazon.com Inc. announced that it would set up shop in Arlington, there’s little doubt the company has drawn the sort of surge in business and development interest that local leaders promised as they pursued HQ2 — but all of that activity has also put a strain on the local government as it prepares for the tech giant’s arrival.” [Washington Business Journal]

Tour of Amazon’s Temporary Crystal City Office — “Amazon almost has 200 employees working in leased space in @ArlingtonVA, with more on the way.” [WJLA, Twitter]

News

Economists Say Arlington Likely “Dodges a Bullet” In Next Recession

By Airey

Published September 13, 2019 at 1:30PM

As some indicators point toward another recession around the corner, local economists say Arlington would likely escape the brunt of a downturn.

The recession that kicked off after the country’s housing market collapsed in 2008 devastated communities and families nationwide. But experts say Arlington’s proximity to jobs and contracts from the federal government helped protect the county, and its growing business sector today may also help shield it from future recessions.

News

Senators: Escalating Trade War With China Could Hurt Va. Economy

By ARLnow.com

Published August 23, 2019 at 3:45PM | Updated August 23, 2019 at 5:16PM

Amid trade-related tweets from President Donald Trump that roiled the stock market, Virginia’s U.S. senators are speaking out against escalations in the trade war with China.

Sens. Mark Warner and Tim Kaine, both Democrats, said in a joint statement that the Virginia and the U.S. economies are at risk as Trump raises tariffs and tweets invective.

News

Morning Notes

By ARLnow.com

Published July 2, 2019 at 7:30AM

Talento Selected as School Board Chair — “The Arlington School Board held its annual organizational meeting for the 2019-20 school year and elected Tannia Talento as Chair and Monique O’Grady as Vice Chair. The terms for the new Chair and Vice Chair begin immediately and will continue until June 30, 2020.” [Arlington Public Schools]

Which Amazon Units Are Coming to HQ2 — “We’re still a pretty long way from knowing what the estimated 25,000 workers at Amazon.com Inc.’s second headquarters will do, but a top company executive has named three units that will be represented in Arlington: Alexa, Amazon Web Services and Amazon’s consumer division.” [Washington Business Journal]

News

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.

News

Tech Company Yext Plans Major Rosslyn Expansion, Bringing 500 Jobs to the County

By Alex Koma

Published February 22, 2019 at 11:00AM

A New York-based tech company just announced a major new expansion in Rosslyn, with plans to bring 500 jobs to the county over the next five years.

Yext rolled out plans yesterday (Thursday) to lease a 42,500-square-foot office space at 1101 Wilson Boulevard. The company will occupy the top three floors of the building, and will help slash the office vacancy rate in Rosslyn, a persistent problem over the last few years.

News

Morning Notes

By ARLnow.com

Published January 23, 2019 at 8:45AM | Updated January 23, 2019 at 9:16AM

Memorial Bridge Potholes — Large potholes made for dangerous driving on the under-construction Memorial Bridge over the weekend, but crews started repairing the bridge’s pockmarked surface Tuesday. [Twitter, Twitter]

Poke Restaurant Coming to Ballston — Local restaurant Poke It Up is expanding with a second location. The restaurant, which first opened in the Pentagon City mall food court, is now planning to open this summer at 4401 N. Fairfax Drive in Ballston, next to a new soup shop, Zoup. [Eater]

News

Morning Notes

By ARLnow.com

Published January 17, 2019 at 8:45AM

Spike Mendelsohn Planning New Restaurants in Crystal City — “Already in National Landing with Good Stuff Eatery and We, The Pizza, Mendelsohn has a letter of interest out for two new spaces. One will bring his Mexican taco shop already on Capitol Hill, Santa Rosa, to Virginia. Another is a new concept: fried chicken.” [Northern Virginia Magazine]

Shutdown May Fry Local Economy — “Come February — perhaps by the beginning of the month, probably the middle and definitely by the end — the financial, occupational and psychological impact of this now-record government shutdown will go from the theoretical to the very, very real.” [Washington Business Journal]