Finance/Government Operations and Economic Development Committee

meeting

Loudoun County Board of Supervisors 4h 31m 8 speakers 6 agenda items transcribed 3 days ago official recording ↗

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What items are included in the consent agenda and how are they adopted?

Matthew F. Letourneau 11:11

to help you off on things. Good evening and welcome to the September meeting of the Finance, Government Operations and Economic Development Committee. I am now calling 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. We have 13 items proposed for our consent agenda and they are item three, contract awards during summer recess, item four contract renewal capital program projects program management and reporting item five contract renewal geotechnical engineering and soil scientist service item six Contract renewal on-call land surveying services.

Matthew F. Letourneau 11:59

Item seven, contract renewal site civil and park design services. Item eight, contract renewal traffic engineering and operations services. Item nine, contract renewal operation of the Loudoun County Homeless Services Center. Item 10, contract renewal off the lot new and used vehicles through class seven. Item 11, contract award for vehicles and motorcycles. Item 12 award authority increase design bill delivery of route 50 and trail hood drive around about item 13 proposed amendments to the codified ordinances of Loudoun County chapter 860 dashes dot o6 exemption for farm animals certain grains agricultural products farm machinery farm implements and equipment item 14 consolidated animal performance annual performance

Matthew F. Letourneau 12:43

Consolidated Annual Performance and Evaluation Report for Federal Fiscal Year 23-24. Item 15, 24-25, Certified Developers for the Rental Housing Acquisition and Preservation Loan Program. I move adoption of the consent agenda. Is there a second? Second. Seconded by everybody. We'll give it to, I don't know, Supervisor Brisman. Any discussion on the consent agenda? Seeing none, all in favor say aye. Aye. Anyone opposed? Motion carries, five-zero. Okay, information items. First up is our monthly Department of Economic Development reports.

Walter L. Alcorn 13:35

Good evening, everyone. Our item this week provides an update on Dulles Airport. While all air travel was greatly impacted by the COVID-19 pandemic, Dulles has had a very nice comeback. They are projected to continue to uptrend through the rest of the decade. They are working on a series of ambitious infrastructure projects. that are really just going to be transformative for the airports. 6.99 billion capital construction program that includes the addition of a new 14-gate concourse. More details in the item in your packet. The labor market appears to have shifted to a lower gear, reinforcing concerns that businesses are hesitant to hire as interest rates continue to weigh on investment and the path of consumer demand remains uncertain.

Walter L. Alcorn 14:22

Employers added 142,000 jobs in August. According to the Bureau of Labor Statistics, that is weaker than was expected for the second straight month, and the totals for June and July will rise downward. july is the most recent month for local unemployment data the rate was 3.0 for loudon compared to 2.7 for virginia and 4.3 for the u.s jobs report released last week showed unemployment was 4.2 percent for the u.s in august down from 4.3 but otherwise the highest it's been since 2021. I wanted to go a little bit deeper inside the numbers and look at some of the disconnects in the market. In Loudoun County, newly posted open jobs totaled 3,980 in August. Active jobs currently open in the county, 16,621.

Walter L. Alcorn 15:18

In Northern Virginia, as of Friday, 100,000 active online postings in the NOVA EDA region. Top certification requirement for job listings other than a driver's license. Secret clearance required in 390 of Loudoun's open jobs. So pretty significant. There continues to be a lot of talk about the viability of office in the future given the high vacancy rates and the usage rates that are currently being experienced. I remain still very bullish on office at Metro in Loudoun County as we take advantage of the housing market, as we continue to look for opportunities and go after consolidations and those companies that are wanting to make a flight to quality and to mixed use.