Finance/Government Operations and Economic Development Committee

meeting

Loudoun County Board of Supervisors 1h 12m 4 speakers 7 agenda items transcribed 3 days ago official recording ↗

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What agenda items were approved in the consent agenda at the start of the meeting?

Unknown 3:42

Good afternoon. Chair Randall, can you test your audio and video, please?

Phyllis J. Randall 3:48

I'm sorry? I

Unknown 3:52

just wanted to test your audio and video. Can you hear as well?

Phyllis J. Randall 3:55

Are you asking me can I hear you?

Unknown 4:00

Yes, can you hear us?

Phyllis J. Randall 4:02

I can hear you, but you sound a little brainy. Yes, I can hear you.

Unknown 4:07

Okay, thank you so much.

Unknown 5:09

Thank you.

Unknown 6:27

Thank you.

Matthew F. Letourneau 7:46

good evening and welcome to the july meeting of the finance government operations and economic development committee i will now call the meeting to order this room has a hearing loop if you need hearing assistance switch your hearing aids to telecoil mode if you need a headset we have those available as well please see the clerk to request one Pursuant to Virginia Code Section 2-23708-3 and the board's rules of order, Chair Randall has requested to participate in this meeting by electronic communication. Physical quorum of the Finance Committee is present in the boardroom and the committee's made arrangements for the voice of Chair Randall to be heard by all persons in the room. Chair Randall made this request within the required timeframe and the county attorney determined that Chair Randall's request meets the qualifications to participate remotely.

Matthew F. Letourneau 8:28

The committee will record that Chair Randall participated remotely from a private location in her residence in Loudoun County due to personal reasons. Chair Randall, can you hear us okay?

Phyllis J. Randall 8:37

I can hear you just fine.

Matthew F. Letourneau 8:39

All right. Excellent. We have six items proposed for the consent agenda, and they are item three, quarterly report, upcoming contracts, first quarter, FY25. Item four, 2023, Animal Advisory Committee Annual Report. Item five, amendment of existing home ownership loan programs and creation of new home ownership loan program. Item six, implementation of intelligent transportation system equipment on route seven. Item seven, Lucketts Community Center structural renovation supplemental funding request. And item eight, location and design endorsement, route seven and route 287 interchange improvements. I will move adoption of the consent agenda. It's seconded by Supervisor Briskman, who beat me to even asking for it.

Matthew F. Letourneau 9:22

Any discussion on the consent agenda? Supervisor Briskman.

Juli E. Briskman 9:28

Thank you. No, I just wanted to note the intelligent transportation system equipment on Route 7. That's going from Algonquian all the way out to Catoctin. And I was excited to read about that. I'll be interested in the updates. And I was also excited to see that we actually are kind of recycling equipment for that. So when I looked at the cost, it was not astounding. And hopefully it helps things on Route 7. Thank you.

Matthew F. Letourneau 9:56

Okay, any other discussion? Seeing none, all in favor of the motion, say aye. Aye. Anyone opposed? The motion carries 5-0. All right, we have a pretty light agenda this evening. I think we'll go pretty quickly, but as always, we are delighted to have Mr. Reiser here in person with us for our monthly Department of Economic Development reports.

Unknown 10:23

And I'll keep the theme with a light report tonight.

Matthew F. Letourneau 10:27

We are- Not with you, Mr. Reiser. Take as much time as you would like.

Unknown 10:32

We are a little over a year into the Launch Loudoun program, and year one exceeded all targets, including counseling hours, event attendance, business visits, and minority business engagement. We hosted two cornerstone events, the Innovation Challenge and the Small Business Summit, and highlighted our entrepreneurs during Loudoun's annual Small Business Week. Some of the metrics are included in your item today. The department, once again this year, exceeded every single tracked metric throughout the department, ending the year with over 160 wins, more than 5,000 jobs, and more than $7.8 billion in investment. Nationally, the economy grew 2.8% in the second quarter, slightly more than expected, and we won't have the information for the local for a couple of months from now, but we expect that we grew significantly more than that.

Unknown 11:27

Nationally, jobs increased by 206,000 in June, which was close to expectations. May is the most recent month for local unemployment data. The rate was 2.4 for Loudoun compared to 2.6 for Virginia, 4.0 for the U.S.,