Loudoun to Conduct Economic Development in China and Korea

A Loudoun County delegation is making an economic development trip to Asia and will travel to Korea on May 7, 2016, and spend 10 days in China beginning May 11. The group will meet with corporate leaders and elected officials to discuss Loudoun County as a prime business location, and will also participate in the signing of a marketing agreement between Washington-Dulles International Airport and Beijing Capital International Airport.

“More than 90 percent of the world’s customer base lives outside the U.S., and almost 10 percent of Loudoun’s GDP comes from exporting Loudoun products overseas,” said Loudoun County Board of Supervisors Chair Phyllis J. Randall. “Keeping Loudoun’s economy booming will require opening up new export opportunities for Loudoun companies, having foreign-owned businesses open up offices in Loudoun, and welcoming international visitors to Loudoun’s tourist destinations.”

Members of the delegation are: Phyllis J. Randall, Chair of the Loudoun County Board of Supervisors; Mark Treadaway, VP Business Outreach, Metropolitan Washington Airports Authority; Buddy Rizer, Executive Director, Loudoun County Department of Economic Development; and Bob McCollar, International Business Development Manager, Loudoun County Department of Economic Development.

“This visit will involve building on relationships that were established during previous trips to Asia, and holding initial meetings with new business prospects,” Rizer explained.

The delegation’s itinerary starts in Korea, where Loudoun County has a sister-city relationship with Goyang City, which is located near Seoul. In China, Loudoun has a sister-city relationship with the Shunyi District of Beijing, where the airport-to-airport marketing agreement will be signed.

“We are delighted to begin this working relationship between Dulles International Airport and the Capital Airports Holding Company, operators of Beijing Capital International Airport, to strengthen and expand the nonstop air service connecting our two capital cities,” Treadaway said. “Working together with BCIA alongside Loudoun County and Shunyi District, we will learn from each other and grow our aviation markets.”

The county’s hosts in Korea and China will include top elected officials, and business decorum dictates that the Loudoun delegation include a representative of like stature. Chair Randall’s travel expenses are being paid for by the Economic Development Authority of Loudoun County. This Authority is empowered under Virginia law to promote economic development in Loudoun County. The funding of the Authority comes solely from fees paid to it by applicants for bonds that the Authority issues.

International companies considering Loudoun as a business location are invited to contact the department at 703-777-0426, or visit our website at biz.loudoun.gov.

About the Loudoun County Department of Economic Development – Loudoun County, Virginia is the home of Dulles International Airport and anchors Washington D.C.’s technology corridor. Loudoun is also home to the #1 data center hub in America. Named by New York-based SmartAsset as having the highest quality of life of any major county in America, Loudoun is at the top of Virginia’s counties for business investment. Find out how we can help you locate and grow in Loudoun: 1-(800)LOUDOUN, or biz.loudoun.gov.

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