Loudoun County’s Department of Economic Development announced new and improved procedures for commercial real estate projects with a high priority.
The “Fast Track Process” is in place to provide those projects with a specific team to save businesses time and money.
“The Loudoun County Board of Supervisors has a strong commitment to maintaining a business-friendly environment that encourages commercial growth,” Loudoun County Board of Supervisors Chairman Scott K. York (R-At Large) said in a DED press release. “A key to business growth is encouraging and assisting commercial development opportunities that enhance the tax base.”
Industries affected by the change are targeted companies in the realm of information and communication technology, federal government contractors and agencies, aerospace and airport-related businesses. Other commercial projects which meet the criteria of the process will also be considered.
“Our goal is to make sure businesses have a successful experience relocating to Loudoun County, or expanding their existing Loudoun operations,” Matt Letourneau (R-Dulles), the chair of the Loudoun County Board of Supervisors’ Economic Development Committee said in the release.
Projects who could be potentially considered must have an appropriately zoned site that is controlled by the applicant, as well as a defined project team with a single point of contact. Other requirements include presenting a proposed time line for review by the county team, providing the county team with estimated project investments, including land, building and interior improvements and presenting job creation estimates.
“County reviewing agencies will move qualified projects to the head of the line for the entire development review process,” Robyn Bailey, the economic development manager in charge of facilitating projects through the county development process said. “Success means achieving 100 percent of the timeline set by the applicant. We’ve met that goal for eight years, and will continue to do so under the new system.”
This is a developing story. Stay tuned to Loudountimes.com for more information.
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