Tag: economy
Board expands small business support
Fairfax County plans to roll out the Fairfax Founders Fund this fall to provide seed capital for innovative and early-stage businesses. The funds will be focused on underrepresented communities that have struggled to obtain early-stage financing from traditional lending sources. The Board of Supervisors committed $1 million from its Economic Opportunity Reserve Fund for the … Continued
Annandale-based company is the fastest-growing firm in Fairfax County and one of the fast-growing in the U.S.
PingWind is located in this building on Little River Turnpike. A government contractor based in Annandale called PingWind is the fastest-growing company in Fairfax County and one of the fastest growing in the United States. The company is number 75 on Inc. magazine’s list of the nation’s top 5,000 fastest-growing privately held companies.
Board of Supervisors approves two initiatives to assist small businesses
The Fairfax County Board of Supervisors took two actions June 8 to support small businesses. The board authorized the licensing of a “Made in Fairfax” logo and approved a $25 million grant program to assist small businesses hurt by the COVID-19 pandemic. The Made in Fairfax initiative supports small-scale production and businesses by providing resources … Continued
Northern Virginia has a worse housing burden for low-income families than any other U.S. metro area
The average rent for a two-bedroom apartment in this Annandale complex is $1,800 a month. Northern Virginia has the highest rate of severe housing burden among low-income households, compared to the 50 largest U.S. metro areas, state a new report. According to “Unequal Burden” the latest report from the Community Foundation for Northern Virginia’s Insight … Continued
COVID cases trending upwards in Fairfax County
COVID-19 cases in Fairfax County are on the upswing, while the economic challenges are mounting. There were 205 new cases on Nov. 11 and 131 new cases on Nov. 10, the Fairfax County Health Department reports. There were two deaths since yesterday, for a total of 624. As of Nov. 11, the county had a … Continued
Eden Center struggling during pandemic
Happier times at the Eden Center. The Eden Center, a shopping center full of small Vietnamese businesses at the edge of Seven Corners in Falls Church, is struggling during the economic collapse brought on by the coronavirus pandemic, state a report on WAMU 88.5 April 29. “The pandemic that is shuttering restaurants across the country … Continued
Coronavirus will devastate regional economy
The large federal presence in the Washington, D.C., region will not insulate the region’s economy from an economic downturn caused by the coronavirus pandemic. The economic impact in the D.C. region “will mirror the trajectory of the U.S.,” states an analysis published March 18 by the Stephen S. Fuller Institute at George Mason University’s School … Continued