In Arlington, we're always working on something new. The next big thing. We're paving the way to give your business the resources and tools it needs to grow and succeed. Take a look at some of the initiatives and projects currently in progress:
AED is taking an approach of transformation to its economy. In the past, Arlington was a community that relied almost solely on government leases to occupy its commercial real estate. After things like BRAC, sequestration, new competition in the region and a changing workforce structure, that is no longer the case. Instead, Arlington is looking at the innovation economy and is diligently working to attract companies in that space; that is, fast-growing technology companies in fields ranging from cybersecurity and big data to education technology, medical technology and clean tech. We are focused on a new approach of strategic incentives and partnerships to create an atmosphere for these fast-growing companies to succeed. It’s Arlington’s Way Forward.
In late 2015, Arlington entered into a public-private partnership with Forest City to redevelop and reimagine the aging Ballston Common Mall. With more than $50M in investment, the planned Ballston Quarter shopping and entertainment complex will be a mixed-use space that will not only reinvigorate Ballston as a community but also encourage new business, retail and residential opportunities throughout Arlington. The public-private partnership is a new one for Arlington and is a strategic investment in public infrastructure which will create enhancements to the public realm, the pedestrian experience and parking. The goal is to create a partnership that invests in Arlington’s economic sustainability – an opportunity that will benefit all of Arlington by spurring renewed, high-quality development which increases tax revenue and improves quality of life. More on the Ballston Quarter redevelopment.
What does it mean when the worlds of art and technology intertwine? When the creative minds of designers and developers take on the latest in high tech applications and manufacturing to create items and opportunities never thought possible? That's what's happening in Arlington, where the available opportunities have brought everything from award-winning creative agencies to 3D printing and manufacturing. That's Arlington's Creative Economy.