Loudoun sees $3.3 billion in economic development investment
- August 17, 2017
More than 100 businesses moved to or expanded in Loudoun County during its last fiscal year, investing $3.3 billion.
The Loudoun County Department of Economic Development said that amount from FY 2017, which ended June 30, resulted in a three-year total of more than $7.2 billion in new investment.
“$7.2 billion in new commercial investment is a testament to Loudoun’s appeal as a business location,” Buddy Rizer, executive director of the economic development department, said in a statement. “It’s more than any other county in Virginia, and more than any other county of our size in the U.S.”
FY 2017 was the department’s third record-breaking year in a row for investment, following $1.6 billion in FY15 and $2.3 billion in FY16.
The economic development projects in Loudoun in FY17 ranged from cybersecurity, aviation and aerospace to data centers, craft beverage producers, and IT organizations of many kinds.