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Sun Gazette
VOLUME 82 NO. 30 JUNE 29-JULY 5, 2017
ARLINGTON’S SOURCE FOR HOMETOWN NEWS SINCE 1935
‘Headwinds’ to Filling Up Office Space? National Science Foundation’s Exodus Could Push Vacancy Rate Past 20% SCOTT McCAFFREY
SALUTING THE CLASS OF 2017!
Staff Writer
Washington-Lee High School Class of 2017 president Thomas Salotti, Niki Kowsar (representing valedictorians) and class vice president Benjamin Brooks gather on the stage for graduation ceremonies June 21 at D.A.R. Constitution Hall. See full coverage of all Arlington graduations on Pages 3-5, and find slide shows of photos on the Web site at www.insidenova.com/news/arlington. PHOTO BY PAUL LARA
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Despite the efforts of Arlington officials to cut the county’s office-vacancy rate below 20 percent, it again could bump up over that figure when the National Science Foundation decamps to Alexandria at the end of the year. And even without that looming departure, the county faces “other considerable headwinds that we’re still dealing with on a daily basis,” said Christina Winn, director of Arlington Economic Development’s Business Investment Group, in a June 20 presentation to the County Board. Winn was on hand to explain the rationale behind giving $800,000 in local funds – on top of $500,000 in state funds – to Bloomberg BNA, a firm focused on legal, tax and regulatory issues, to support the firm’s expansion in Arlington. To get the cash, BNA aims to relocate 250 jobs to Arlington and occupy an additional 78,000 square feet of office space. Economic-incentive grants are a relatively new tool for the Arlington government, where county officials long have used the community’s strategic location as its main selling point. But since 2015, 12 such agreements have been inked between the county government and businesses. Winn said the total payout from county coffers so far has been about $500,000, although more will be pushed through the pipeline if the various firms meet incentive targets. (County Board members on June 20 directed the county auditor to look at Continued on Page 12
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