- Loudoun County, Virginia has become a top location for international businesses looking to access the U.S. market.
- Our desirable East Coast location provides access to a world-class airport, a highly educated workforce, and proximity to the world’s largest customer, the federal government.
- As a suburb of a major world capital, Loudoun provides the connections businesses need to reach their markets and maximize sales and distribution efficiency.
Washington Dulles International Airport gives Loudoun businesses easy access to the entire country and the world. The airport serves 21.6 million passengers per year and continues to add new flights and destinations, with approximately 75 non-stop domestic and 50 non-stop international destinations.
Loudoun’s international business base consists of more than 120 known firms from 27 countries. The Loudoun-based facilities of the foreign-owned companies are the U.S. or North American headquarters, R&D or sales offices.
Loudoun’s proximity to Washington Dulles International Airport has proven to be key in attracting foreign-owned companies. Twenty-seven percent of the county’s foreign-owned firms are in the transportation and warehousing industry, with wholesale trade making up an additional 17 percent.
Foreign Trade Zone
Loudoun County is also home to Foreign Trade Zone #137. Properties included within the FTZ are treated as being outside US Customs territory for purposes of tariff laws and Customs entry procedures. Duties on merchandise admitted into a zone may be deferred, reduced, or eliminated. The new Alternate Site Framework Process makes it simpler and faster for new sites to be established anywhere within 60 statute miles (or 90 driving miles) from Dulles Airport. The process could be used by a company to designate their specific property or facility as part of a FTZ.
A number of Loudoun businesses are already doing just that. Right now, Loudoun exports amount to about $2 billion of Loudoun’s $21 billion economy.
Combined with a modest $180,000 financial incentive, “personal touch” is what it took to secure the investment of more than 63,000 square feet of additional space, hundreds of new jobs and close to $70 million in equipment, technology and construction to the facility.
Up, up and away! Passenger travel increased again for Washington-Dulles International Airport, with both domestic and international travel seeing gains.