Economic Development Chief Talks COVID-19 Impacts, Commercial Growth, Leadership Tips

Economic Development Chief Talks COVID-19 Impacts, Commercial Growth, Leadership Tips

victor hoskins

On the December episode of the “Join with County Leaders” Podcast, Victor Hoskins, president and chief government officer of the Fairfax County Economic Development Authority (EDA), discusses the EDA’s position in Fairfax County, the group itself and he affords perception into his management fashion that ought to show helpful for anybody that may be a supervisor or in enterprise.

In the course of the podcast, Hoskins talked in regards to the significance of the EDA’s work in relation to the general well-being of Fairfax County.

“The Financial Improvement Authority was truly created, imagine it or not, 50 years in the past, and it was created by particular legislation within the state of Virginia to advertise financial development. And actually, specifically for Fairfax County, what meaning is to concentrate on constructing the industrial workplace market. The industrial workplace market is the place a considerable quantity of the income for the county is derived and that basically relieves the residential taxpayer of burden. So the extra we are able to transfer to the enterprise aspect, the much less of the burden on the residential aspect for companies. Providers, like police companies, fireplace companies, academic companies, all of the fantastic issues that we love about Fairfax County.”

Hoskins added that the EDA has been profitable with its cost, even throughout the COVID-19 pandemic. Led by offers within the Dulles Hall, such because the Microsoft announcement earlier this 12 months that ought to add 1,600 jobs and take 400,000 sq. toes of workplace area in Reston for a software program analysis and growth middle, Northern Virginia has had “probably the most lively workplace markets within the nation throughout the pandemic.”

“The expansion of the workplace market went from about 25 million sq. toes, proper now to … virtually 120 million sq. toes in Fairfax County of economic workplace area. That industrial workplace market is the second largest in america for a county. The one different county within the nation that’s bigger is definitely Orange County, in California. So it’s a really, very distinctive scenario.”

Whereas the work on Fairfax County’s EDA continues to achieve success, underneath Hoskins’ management it has begun diversifying efforts, and paired with the coronavirus pandemic, have added new initiatives and took on further roles to keep up and strengthen Fairfax County’s enterprise financial system. These vary from internet hosting digital profession gala’s to working with profession placement places of work of greater than 30 establishments of upper studying, in addition to working with the Northern Virginia Hispanic Chamber of Commerce, Ladies in Expertise, Society of Black Engineers and veteran’s organizations. The EDA additionally has labored on upskilling and reskilling packages with NVCC, GMU and private-sector companies.

The EDA has additionally labored to attach hundreds of Fairfax County companies with assets and companies throughout the pandemic emergency. This consists of getting companies to SCORE mentoring, banks for PPP and EIDL loans, authorized and financial-assistance companies by way of a nonprofit collaboration and advertising and marketing the county’s $58 million Fairfax RISE program and the microloan program, and the Rebuild VA grant program.

“I’ve seen this unimaginable character within the individuals of Northern Virginia, whether or not they’re in retail service, resort, industrial, private service. It’s simply superb,” Hoskins mentioned. “I do know that Virginia goes to come back again higher than it’s ever been, Northern Virginia specifically I imagine goes to satisfy that. And I feel it’s going to guide that due to what lies inside us which is an extremely robust character.”

The Fairfax County EDA promotes Fairfax County as a enterprise and know-how middle. It affords web site location and enterprise growth help, and connections with county and state authorities businesses, to assist firms find and broaden in Fairfax County. Along with its headquarters in Tysons, Fairfax County’s largest enterprise district, the EDA maintains enterprise funding places of work in six vital international enterprise facilities: Bangalore/Mumbai, Berlin, London, Los Angeles, Seoul and Tel Aviv. The Fairfax County EDA is also a member of the Northern Virginia Financial Improvement Alliance, which promotes and markets Northern Virginia exterior the area and conducts actions and occasions to construct the regional enterprise group.

Hearken to previous episodes of “ Connect with County Leaders .” For different Fairfax County podcasts, go to , and for extra audio content material, tune in to Fairfax County Authorities Radio at .

The “Join with County Leaders” podcast is a month-to-month alternative to satisfy and join with Fairfax County leaders, to study in regards to the newest county information and knowledge, and listen to extra on particular Fairfax County packages and companies.

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