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Politics & Government

Economic Development Authority

The City of Falls Church Economic Development Authority was created to advise City Council on economic development issues and proposals and to perform a wide range of functions authorized by Virginia statute. The EDA provides community education programs, conducts research, purchases, leases and sells property, provides tax exempt financing, and supports projects and programs that promote business and investment in the City.

In recent years, the EDA has hired consulting experts to complete a retail market study, a retail recruitment strategy, and a Big Picture Study of economic trends impacting the City. The EDA has hosted a series of educational forums examining retail trends, the hotel industry and markets, mixed use development, urban planning for higher density development, and other timely topics. The EDA has provided City Council with recommendations on each major new development proposal in Falls Church City with a special focus on fiscal impact as measured by the Cost Revenue Impact Model created by consultants Tischler Bise in 2002 with EDA funding.

The EDA has awarded grants for FIRSTfriday, Watch Night, and the"Treats and Eats" dining guide. Industrial Revenue Bond financing for the $23 million Tax Analysts headquarters on South Maple Avenue was initiated by the EDA. Pending transactions involving EDA-owned property have been critical to the approval of the $315 millionCity Center South project. 

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--Falls Church City website

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