Board Chair Matt de Ferranti: Arlington’s Economic Recovery Is Underway – Arlington, Texas

Arlington, Texas 2021-05-07 15:55:58 –

For COVID-19 cases Downtrend, Vaccine Under distribution And Loose restrictions, County President Matt de Ferranti says his focus is beginning to shift to Arlington’s Economic And social recovery.

“There’s still a lot to do with the pandemic, but the recovery has already begun,” he said.

And Arlington County, according to his assessment, is in a fairly strong financial position — in a way, he says he’s in a better place than when there are many federal and military offices. Ta Decamp From Pentagon City and Crystal City From around 2005..

Arlington received $ 23 million this year and next year through the Federal American Rescue Program, a portion of which was used to return funds for affordable housing and hunger prevention programs that were at a loss from the 2022 budget. I will.The· New budgetAs it passed, it boosts spending by 3.5% despite the economic turmoil caused by the pandemic.

In addition, Amazon’s presence contributes to Arlington’s stability. De Ferranti said the emergence of e-commerce giants continues to attract talent. Companies of all sizes, Strengthen the county’s commercial office base. And for now, the county is exempt from paying incentives to Amazon.

County incentive package for Amazon Regulations If Amazon meets its hiring goals, Arlington will share the revenue savings generated from increased hotel stays. Arlington was not eligible for these payments, as the economic impact of the coronavirus included a dramatic reduction in hotel stays.

If either of these are not the case, De Ferranti said, “We will be more worried about the financial outlook for 2023, 2024 and 2025.”

He said the county’s financial outlook is strong, but this moment of great need in some parts of the community is exactly when the government needs to intervene. Keeping people at risk of eviction at home, Fight against hunger Providing subsidies and loans to SMEs would later bring significant economic benefits, he said.

The county learned many economic lessons from the coronavirus, de Ferranti said. Arlington needs to invest more in public health staffing and is considering funding for rainy days for future public health emergencies. When the American Rescue Plan runs out of money, the county may need to increase its support for small businesses and investment in preventing hunger and peasant evictions through grants and loans.

The county has focused on responding to pandemics, but refrains from working on specific fairness.Community involvement in land-use change to address There is no middle housing It was pushed back for a pandemic, as well as investments in multimodal transport and labor development.

“Arlington is working on fairness, but it was difficult,” said De Ferranti.

Amazon supports the county financially in several ways, but the Arlington Public School budget isn’t as profitable as it is directly.The county needs to do more work with the school board and the administration to deal with APS systematic budget deficit, He said.

One of Ferranti’s desires for innovation in the pandemic era is: Participate in a virtual conference.. After a public health emergency has been declared, Virginia needs to change state law to allow both to continue.

“There are practical limits to participation, but there is definitely one. More restrictions I decided to come to the 3rd floor of the Bozman Building and share your thoughts, “he said. “More people will be involved, and the voices of the few loudest will be reflected in the context of everyone else who will speak.”

In addition, de Ferranti County needs to consider how to offer more services online, following the following leads: Allow Arlington And the county CAPP system Paying taxes and utilities online, both of which occurred prior to the pandemic, made things easier for county staff and residents during the pandemic.

Finally, de Ferranti said he was excited to see what the rest of the year would bring.

“When you go to Charrington and meet everyone outside, you’ll be told,’I’m so grateful to be out in the restaurant and enjoy the life I once knew.’ Roslin- This also applies to the Ballston Corridor and Pike, “he said. “When we arrive in August, we have the emotional recovery, joyfulness, and some real vacations people want.”

Board Chair Matt de Ferranti: Arlington’s Economic Recovery Is Underway Source link Board Chair Matt de Ferranti: Arlington’s Economic Recovery Is Underway

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