Loudoun sees $250 million in investment during fiscal year
Companies invested almost $250 million to move to or expand in Loudoun County during the last fiscal year, according to the annual report of the county’s department of economic development.
In the past three fiscal years, the county has seen almost $1 billion in commercial development, according to the department. The latest fiscal year, FY2014, ended June 30.
“Without a doubt, Loudoun is one of the biggest economic development success stories in America,” Economic Development Director Buddy Rizer said in a statement.
According to the report, the county is known around its growth in two industries: data centers and wineries. Loudoun’s 56 data centers bring an estimated $60 million in revenue to the county annually.
Loudoun also added eight wineries in FY14, bringing the total in the county to 42.