Governor Glenn Youngkin Announces funding for Affordable and Special Needs Housing, Alexandria named a budget-friendly destination, and more This Week in Economic Development

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This Week in

Economic Development

March 11- 17, 2024

If you have questions about this weekly update, or would like to learn more about economic development opportunities in Alexandria, please contact us.

AEDP STAFF

Notable News

Last week, the Commonwealth announced over $129 million in Affordable and Special Needs Housing loans. The move will "create and preserve" 5,358 units for low-income households across the state. Alexandria will receive about $13 million for various projects throughout the city. “Ensuring accessible and affordable housing for Virginians isn’t just a basic requirement, it’s a strategic pillar for our state’s continued success,” said Governor Glenn Youngkin in a press release. “By keeping homes affordable and available, we are cultivating economic growth, strengthening our communities, and laying the foundation for a thriving Virginia.” A complete list of the projects awarded can be found here.

Forbes recognizes Alexandria as a "budget-friendly, historical" destination. Described as the perfect weekend getaway for travelers, Alexandria's close proximity to D.C. and rich culture offer an action-packed adventure. The article details various attractions for readers to visit, from historical tours to taking a stroll at the oldest farmers' market in the nation located at City Hall.

Tax season is upon us! Join us for our FREE upcoming small business webinar.

Small Business Tax Playbook: Learn How to File and Pay Your Business Taxes

Are you unsure of how to file and pay your business taxes? If so, this is the workshop for you! Join the Alexandria Economic Development Partnership and an IRS Stakeholder Liaison for a one-hour virtual workshop to learn all you need to know about filing and paying your taxes electronically. There will also be a live Q&A. We hope you can join us!

Presented By: Anika T. Pompey, Senior Stakeholder Liaison, Internal Revenue Service (IRS)

Date: Wednesday, March 20

Time: 5:30 - 6:30 p.m.

Registration: Click here to save your spot!

NOTE: This webinar will focus on those filing as a sole proprietorship or corporation. S-Corp and Partnership filings are due March 15.

This week: Events & Activities

Monday

3/11

City Council Public Hearing: FY2025 Budget

The City will hold its first budget hearing.

Time: 5:30 PM

Links: Event info; Zoom registration

Beauregard Design Advisory Committee Meeting

The agenda includes a vote for a new committee chair, approval of previous meeting notes, and any staff updates on approved projects under construction. Staff will also provide an update on and answer questions about the Alex West Small Area Plan process.

Time: 7:00 PM

Link: Event info

Tuesday

3/12

City Council Legislative Meeting

Items of interest include a Potomac Yard Entertainment District Update and Council’s consideration of Setting the Maximum Tax Rate for the FY2025 budget.

Time: 7:00 PM

Links: Event info; Zoom registration; Docket