Initiatives

Bonding for Economic Development Projects

fairfax squareThe City of Fairfax Economic Development Authority will support economic development within the City of Fairfax, Virginia with the following priorities:

  • Support of City infrastructure and parcel assembly requirements
  • General redevelopment including parcel assembly

 
The Rules and Procedures governing project applications and an Application Statement may be obtained by opening the respective links where highlighted.

Fairfax Innovation Center
www.fairfaxinnovationcenter.org

With annual funding from the City of Fairfax and the support of its Economic Development Office, the EDA, in a joint venture with the Mason Enterprise Center of George Mason University, operates an “Executive Suite” style economic development incubator program targeting small, home-based start up and emerging businesses in the Central Fairfax area as well as international companies seeking to establish a presence in the USA. The mission of the Center is to:

  • Expedite the growth and independence of incubator Companies
  • Stimulate economic development by locating program graduates in the City of Fairfax
  • Operate on a cost-effective basis
  • Provide GMU outreach to Fairfax’s emerging business community
  • Promote City/University Partnerships
  • The Center is the largest of its kind in Virginia, compares favorably with programs nationally and has a solid record of success

Old Town Fairfax
The EDA has purchased and holds properties in George Mason Square, Old Town Fairfax, slated for redevelopment. The EDA commissioners work closely with the City leadership and City Economic Development Office on the planning, execution and management of these projects.

Fairfax Boulevard Redevelopment
The EDA and City Economic Development Office have played a leadership role in the City’s efforts to develop a Master Plan to shape the future of Fairfax Boulevard, the City’s premier business corridor. Over the past forty years, the corridor has been the City’s primary economic engine, with retail and offices attracting people from throughout Northern Virginia. However, sections of the area are in need of renewal and redevelopment. The EDA maintains a focus on this ongoing effort and works with the City council, City staff, City Planning Commission, local businesses and developers to realize the vision of the Master Plan.

Business Development Programs
willow wood plazaThe EDA and City Economic Development Office are currently organizing the City’s first Economic Forum and Business Appreciation Awards to be held May 13, 2009 and continuously seek opportunities to support the growth of the City’s business base, including the permanent location of Fairfax Innovation Center start-up businesses within the city. Future efforts will be directed to specific goals related to:

  • George Mason Square
  • The Fairfax Innovation Center
  • Old Town Fairfax
  • Fairfax Boulevard
  • Main Street-Pickett Road Business Gateway