Economic Development Authority

Incentives

No amount of incentive can make a bad location into a good one, which is why Loudoun County, Virginia, has striven to become a globally-competitive business ecosystem. Today, we are proud to be the:

  • Top Business Growth in Virginia (2016-present)
  • Fastest-Growing County in Virginia
  • Top Data Center Market in the World

Whether you’re starting, relocating or expanding a business in Loudoun County, we’ve got the financial incentives and financing opportunities that set a foundation for your success.

Targeted Industries
At the discretion of the Loudoun County Board of Supervisors, qualified businesses that are relocating to or expanding within Loudoun County, Virginia may be offered incentives outlined in these guidelines. Incentives will be limited to U.S. or international companies in these industries:

    • Aerospace and Defense;
    • Agriculture & Related Businesses;
    • Aviation and Transportation;
    • Data Centers;
    • Federal Government Contracting;
    • Health, Innovation and Technology;
    • Information Communications Technology.

Businesses Moving to or Expanding in Virginia

Loudoun County may elect to match the Virginia Commonwealth’s Opportunity Fund.

Minimum Requirements:

  1. The company must create a minimum of 50 new jobs which pay 100 percent of the county’s median wage, which is currently $58,000;
  2. The company must make a minimum $5 million investment in buildings, land and equipment;
  3. Virginia must be competing with another state for the company’s final location decision;
  4. The company must be in one of the targeted industries listed above.

Incentive Guidelines

Companies that meet the minimum requirements will, at the Board of Supervisors’ discretion, be approved for Loudoun County’s Fast-Track Commercial Incentive Program.

If the county chooses to provide a match to the Commonwealth’s Opportunity Fund with fee waivers and/or cash, then the new real estate and personal property taxes that will be paid to the county by the company over the three years following the incentive award must be equal to the amount of the county match.

If the county match includes public infrastructure improvements, then the new real estate and personal property taxes that will be paid to the county by the company over the five years following the incentive award must be equal to the amount of the county match.

Loudoun County will match the Virginia Commonwealth’s Opportunity Fund in this order of priority:

  1. Public infrastructure improvements, such as roads, sidewalks, parking facilities, etc;
  2. Waiving commercial development processing fees;
  3. Cash.

Virginia Companies Relocating to or Expanding in Loudoun County

Minimum Requirements:

  1. The company must create a minimum of 50 new jobs which pay 100 percent of the county’s median wage, which is currently $58,000;
  2. The company must make a minimum $5 million investment in buildings, land and equipment;
  3. The company must receive a Virginia Jobs Investment Program grant;
  4. Loudoun County must be competing with another jurisdiction for the company’s final location decision;
  5. The company must be in one of Loudoun County’s targeted business industries.

Incentive Guidelines

Companies that meet the minimum requirements will, at the Board of Supervisors’ discretion, be approved for the county’s Fast-Track Commercial Incentive Program.

If the county chooses to provide a match with fee waivers and/or cash, then the new real estate and personal property taxes that will be paid to the county by the company over the three years following the incentive award must be equal to the amount of the county match.

If the county match includes public infrastructure improvements, then the new real estate and personal property taxes that will be paid to the county by the company over the five years following the incentive award must be equal to the amount of the county match.

The types of incentives available to Virginia companies relocating to or expanding in Loudoun County will be limited to:

  • Waiving commercial development processing fees;
  • Public infrastructure improvements, such as roads, sidewalks, parking facilities, etc;
  • A match of the Virginia Jobs Investment Program grant.

Loudoun Companies Expanding Within Loudoun

Minimum Requirements:

  1. The company must create a minimum of 25 new jobs;
  2. The company must make a minimum $2.5 million investment in buildings, land and equipment;
  3. The company must receive a Virginia Jobs Investment Program grant;
  4. Loudoun County must be competing with another jurisdiction for the company’s final location decision;
  5. The company must be in one of Loudoun’s targeted business industries.

Incentive Guidelines

Companies that meet the minimum requirements will, at the Board of Supervisors’ discretion, be approved for the county’s Fast-Track Commercial Incentive Program. If the county chooses to provide a match with fee waivers and/or cash, then the new real estate and personal property taxes that will be paid to the county by the company over the
three years following the incentive award must be equal to the amount of the county match.

If the county match includes public infrastructure improvements, then the new real estate and personal property taxes that will be paid to the county by the company over the five years following the incentive award must be equal to the amount of the county match. The types of incentives available to companies expanding within Loudoun County will be limited to:

  • Waiving commercial development processing fees;
  • Public infrastructure improvements, such as roads, sidewalks, parking facilities, etc;
  • A match of the Virginia Jobs Investment Program grant.
Loudoun County Incentives QuestionsAdditional Loudoun Incentive Opportunities

Loudoun Economic Development Authority Incentives, 1976-Present

Applicant/GranteeDate SettledBond AmountBond CounselLender/Grantor
County of Loudoun (various projects)November 17, 2016$60,900,000Nixon PeabodyCitigroup Global Markets, Inc.
Air Force Retired Officers Community—Washington, DC (Falcons Landing)November 4, 2016$32,625,477McGuire WoodsUnion Bank & Trust
County of Loudoun (various projects)June 8, 2016$35,795,000Nixon PeabodyPublic Issue
Diocese of ArlingtonFebruary 17, 2016$70,000,000Christian&BartonBB&T Comm. Holdings
Loudoun County (various)November 12, 2015$75,300,000Nixon PeabodyPublic Issue
County of Loudoun (various projects)February 26, 2015$30,985,000Nixon PeabodyPublic Issue
TIFIA (Metro)December 4, 2014$196,000,000Nixon PeabodyFederal Government
Air Force Retired Officers Community (AFROC)September 16, 2014$21,226,879 (Refinance)McGuire WoodsUnited Bank
Howard Hughes Medical Institute (apt. 2)May 5, 2013$33,130,000McGuire WoodsPublic Issue
Loudoun County (Sycolin Rd. Buildings)June 28, 2011$33,455,000 (Series A) $2,785,000 (Series B)Nixon PeabodyPublic Issue
Savvy Enterprises, LLCFebruary 26, 2010$1,479,000McGuire WoodsMiddleburg Bank
Hill School Corporation of Middleburg & Hill School PropertiesApril 7, 2010$12,500,000McGuire WoodsSunTrust
Howard Hughes Medical Institute (apt. 1)October 2, 2009$23,000,000McGuire WoodsPublic Issue
Loudoun Country Day SchoolMarch 28, 2008$29,700,000Ballard Spahr Andrews & IngersollPublic Issue
Air Force Retired Officers Community (AFROC)August 5, 2004$56,900,000 (Refinance)McGuire WoodsPublic Issue
Jack Kent Cooke FoundationJune 2, 2004$12,500,000McGuire WoodsPublic Issue
Hamilton Safety CenterMay 28, 2004$2,000,000McGuire WoodsBB&T
Loudoun County Government BuildingJune 17, 2003$21,530,000McGuire WoodsSunTrust
Howard Hughes Medical InstituteFebruary 27, 2003$500,000,000McGuire WoodsPublic Issue
Loudoun Hospital CenterJune 27, 2002$18,365,000Hunton & WilliamsPublic Issue
The Hill School Corporation of MiddleburgMarch 21, 2002$9,200,000McGuire WoodsPublic Issue; Suntrust
Ashburn Volunteer Fire and Rescue DepartmentJune 29, 2001$4,250,000McGuire WoodsWachovia
Supreme Concrete BlockMay 22, 2001$1,400,000Kutak RockGE Capital Public
Atlantic Coast AirlinesApril 26, 2001$12,345,000Hunton & WilliamsFleet National
Electronic Instrumentation & Technology, Inc.March 1, 1999$3,960,000McGuire WoodsWachovia
American Roentgen Ray SocietyJuly 1, 1998$1,860,000Mays & ValentineNationsBank
Signature Flight Support CorporationApril 29, 1998$6,500,000Hunton & WilliamsChase Securities
Air Force Retired Officers Community (AFROC)March 18, 1998$66,900,000McGuire WoodsPublic Issue
The Hill School Corporation of MiddleburgJuly 1, 1997$3,500,000Shaw Pittman Potts & TrowbridgePrivate Placement
Alantic Coast AirlinesJune 24, 1997$9,425,000Hunton & WilliamsFleet National
Sterling Park Safety CenterMarch 5, 1997$2,800,000McGuire WoodsFleet National
ay-Son PartnershipAugust 29, 1996$1,705,000McGuire WoodsCentral Fidelity
The Sheridan Group/United Litho, Inc.July 29, 1996$8,600,000Hunton & WilliamsSignet
Marriott CorporationMarch 29, 1996$11,500,000Ballard Spahr Andrews & IngersollPublic Issue
Loudoun Hospital CenterOctober 26, 1995$67,785,000Hunton & WilliamsPublic Issue
Gateway Leesburg Hotel ProjectDecember 12, 1994$3,250,000Christian Barton Epps Brent & ChappellCrestar
Air Force Retired Officers Community (AFROC)October 31, 1994$88,000,000Hunton & WilliamsNationsBank
Washington Dulles Air Cargo Limited Parntership (Phase II)September 9, 1993$5,370,000Hunton & WilliamsWheat First Securities
Northern Virginia Criminal Justice Academy4/29/93 closed 7/1/2000$6,585,000McGuire WoodsWheat First Securities
Commonwealth Associates (REFINANCING)November 19, 1992$2,857,000Williams Mullen Christian & DobbinsPrivate Placement
Washington Dulles Air Cargo Limited Partnership (Phase I)September 22, 1992$16,795,000Hunton & WilliamsWheat First Securities
G.W. RefinancingJune 30, 1992$18,000,000Hunton & WilliamsRiggs National Bank
ECHOAugust 9, 1991$750,000Mays, ValentineSovran
Loudoun Hospital Center (See 1995 Refunding Issue)December 15, 1990$10,000,000Hunton & WilliamsWheat First Securities
George Washington UniversityJune 26, 1990$18,000,000Hunton & WilliamsRiggs National Bank
Arundal Communicaitons, Inc. (Modified location 6/1/89)January 31, 1989$3,700,000Hunton & WilliamsSovran
Kinder Care (REFINANCING)December 29, 1988$394,000Kaufman Rothfeder & BlitzFirst Alabama
BHM&G Investments Indian Creek (REFINANCING)December 10, 1987$2,892,000Hunton & WilliamsSovran
Dowty Aerospace CorporationJune 25, 1987$3,600,000Hunton & WilliamsMellon
Skatron, Inc.December 12, 1985$1,500,000Hunton & WilliamsMorgan Guaranty
Richard E. WardDecember 11, 1985$950,000Hazel, Beckhorn & HanesNat'l Bank of Wash
Marriott CorporationSeptember 25, 1985$11,500,000Kutak, Rock & CampbellSmith Barney
Diamond Paper CorporationJune 20, 1985$1,670,000Shaw, Pittman, Potts & TrowbridgeSuburban Bank
Commonwealth AssociatesMarch 4, 1985$1,200,000Lane & EdisonUnited VA Bank
Philip Y. HahnDecember 30, 1984$1,450,000Graber & Knicely
Herndon ConcreteDecember 28, 1984$1,750,000Shaw, Pittman, Potts & TrowbridgeCentral Fidelity
Hugh A.M. Shafer, Jr. TrusteeDecember 27, 1984$1,225,500Boothe, Prichard & Dudley
S&S AssociatesDecember 27, 1984$1,800,000Miles & StockbridgeGeorge Mason
Leesburg Professional CenterDecember 22, 1984$3,300,000Krolick & DeGraafFirst American
Kinder CareDecember 20, 1984$394,000Hunton & WilliamsAmSouth
Valik Company (Refi., 1992, lost tax-exempt status. Bonds pd 94)December 14, 1984$3,700,000Lane & EdisonDominion of NOVA
Douglass Court Joint VentureNovember 27, 1984$1,443,723Miles & StockbridgeMaryland National
WGHJ AssociatesNovember 26, 1984$400,000McGuire WoodsSouthern Bank
TDK Ltd. PartnershipNovember 14, 1984$900,000Shaw, Pittman, Potts & TrowbridgeShenandoah Federal
Waverly Park Ltd. Partnership (PAID IN FULL 3/8/96)November 14, 1984$4,700,000Shaw, Pittman, Potts & Trowbridge1st American
Harold I. MillerNovember 1, 1984$325,000Hazel, Beckhorn & Hanes
BHM&G InvestmentsSeptember 27, 1984$1,500,000Hunton & WilliamsDominion of NOVA
United Air Warehousing Associates IISeptember 25, 1984$1,400,000Miles & StockbridgeMarine Midland
MAY-SON Partnership (Office & high tech facility, Sterling)June 7, 1984$1,150,000Boothe, Prichard & DudleyCentral Fidelity
Medallion Industries Inc. (Lloyd Shelton-- Mechanical contracting)December 29, 1983$498,000Boothe, Prichard & DudleyJohn Hanson
R/T Investments (Chantilly, VA)December 29, 1983$800,000Shaw, Pittman, Potts & TrowbridgeFirst Virginia
Victory Van Corp Metropolitan Transfer Corp - Commonwealth AsstsDecember 13, 1983$3,636,000Hunton & WilliamsUnited VA Bank
BHM&G Investments (Frank Boggess)October 4, 1983$930,000Hunton & WilliamsDominion National
Yount, Hyde & Barbour LeasingDecember 30, 1982$250,000Hunton & WilliamsNon-Institutional
PAGE AVJET Corporation (Expansion/new hangar at IAD)December 28, 1982$4,000,000Kraft & HughesChemical Bank
Plamondon's Enterprises, Inc. (Roy Rogers - Leesburg)October 5, 1982$407,000Kelly, Louk, Lawson & ShumateFirs & Merchants
Children's World, Inc. (Sterling)July 15, 1982$575,000Hazel, Beckhorn & HanesRiggs National
Virst Venture of Virginia (Hardees - Leesburg)July 12, 1982$300,000McGuire WoodsPeoples National
Circle-K-Industries (Isaac & Anna L. Keen - Machine Fabrication)June 9, 1982$275,000Kelly, Louk, Lawson & ShumateFirst Virginia
Dulles International Partnership and Airport Limo, Inc.May 5, 1982$307,000Pratt, Buonassissi & HenningFirst American
Systematics General (Sterling)April 30, 1982
National American Wholesale Grocers Assn. (NAWGA)January 22, 1982$1,100,000Hunton & WilliamsFirst Virginia
Colonial Inn Limited Partnership (Trowbridge Littleton Restoration)December 22, 1981$460,000Kelly, Louk, Lawson & ShumateF&M National
Quality Brands (Charles G. Hadeed)October 23, 1981$235,000Brown, Younger & Fadoul, P.C.F&M National
M&M Investments (Taylor Rental Center)September 2, 1981$167,000Kelly, Louk, Lawson & ShumateFirst American
Your Extra Storage (Sterling)September 1, 1981$97,500Kelly, Louk, Lawson & ShumatePeoples National
Robertson's Building No. Two Partnership (Falls Church)May 15, 1981$900,000Hunton & WilliamsNorthern Virginia
International Autopen (U.S. Steel Industrial Park)May 4, 1981$225,000Hunton & WilliamsSavings Bank of Balt
BHM&G Investments (Frank Boggess)March 24, 1981$820,000Hunton & WilliamsDominion National
Systematics General (Sterling)November 30, 1980$3,500,000Hunton & WilliamsRiggs National
3-H Land Partnership (J.T. Hirst & Company -Leesburg)November 24, 1980$1,120,000McGuire WoodsF&M National
Alban Tractor Company (REINSTATED)October 20, 1980$1,000,000 / $3,000,000Hunton & Williams1st National of MD
Loudoun Memorial Hospital (Leesburg)February 19, 1980$7,250,000Hunton & WilliamsFirst American
Dowty Rotol, Inc. (Sterling)February 18, 1980$5,000,000McGuire WoodsEuropean American
Insulated Building (Sterling)October 3, 1979$445,000Lane & EdisonUnited Virginia
Radiation Systems, Inc. (Sterling)May 11, 1979$2,800,000McGuire WoodsNational Bank of MD
Metro Printing (Sterling)May 7, 1979$950,000Covington & BurringF&M National
Vocational Industrial Clubs of America, Inc. (Lucketts)December 7, 1978$1,700,000Lane & EdisonUnited Virginia
Hazelton Labs (Sterling - AUTHORIZED FOR PRE-PAYMENT 2/25/86)September 1, 1978$1,000,000McGuire WoodsF&M National
The Shade Shop (Sterling)December 1, 1977$450,000Wilkie Farr & GallagherBank of MD
Dowty Rotol, Inc. (Sterling)February 1, 1976$2,000,000Hunton & WilliamsHome Life Insurance

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