On May 3, the Loudoun County Department of Economic Development requested a $200,000 commercial business incentive fund grant in the form of fee waivers and cash from the Board of Supervisors to finalize the deal.
The board approved this incentive by a vote of 9-0.
The funds will be used to train and retain the staff necessary for the consolidated operations. The department’s analysis shows that the return on investment will be realized within three years. This is the first commercial business incentive authorized by the board this fiscal year.
“Loudoun should be proud of our economic development team — we had to compete for this hard-fought win,” said Loudoun County’s Broad Run District Supervisor Ron Meyer. “In our discussions with Airbus, it was clear that not only did Loudoun’s access to the airport and to our fast-paced region make an impact, they also valued Loudoun’s responsiveness to their needs.
“Whether it’s the Board or Mr. Rizer’s team, Loudoun offers a quick, hands-on approach to creating an environment for our businesses to succeed in this global economy.”
Airbus committed to invest an additional $1 million in their Ashburn facility, and will add new employees to the current workforce at the site. Loudoun successfully competed for this project with other east coast locations.
According to the company, more than 2,800 Airbus aircraft have been ordered in the Americas – Latin America and the Caribbean as well as North America – and the site supports customers beyond those borders, servicing aircraft fleet across the globe.
“The Airbus Americas and Satair Group facility will now be the company’s biggest material distribution center by customer volume, which speaks to Loudoun County and Dulles Airport as hubs for aviation and logistics support,” said Buddy Rizer, the Loudoun County Department of Economic Development’s executive director.