Retail Continues to Boost Economy

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The retail industry continues to boost the national economy, adding an incredible 37,600 jobs in October. These new reports, released by the National Retail Federation (NRF), bring promise to industry experts, painting an optimistic outlook for retail throughout this year and next.

 This increase adds up to 295,000 new jobs year over year, or a 2.4 percent jump since 2012. “The latest jobs report, which came in stronger than anticipated, provides some positive indication that the economy and employment situation are steadily improving.  The time couldn’t be better for retailers and consumers, who are busy preparing for the holiday shopping season,” notes Matthew Shay, president and CEO of the NRF. 

 As the retail industry recovers with most of the economy, there’s no doubt it is one of the best times to open or relocate a store in One Loudoun.  Here are a few benefits business owners can reap from opening up shop in our community:

  • Constant customer base: One Loudoun is one of the hottest places to live in Loudoun County and Northern Virginia.  With families moving in at incredible rates, there will be a constant stream of customers to your store. 
  • One Loudoun location: Our mixed-use community is ideally located in the heart of Loudoun County.  Easily accessible from nearly every direction, visitors to One Loudoun will be hitting the new downtown for regular shopping outings.
  • Loudoun County:  Countless reports have set our county apart as one of the most prosperous and well-to-do counties in the entire nation.  As a business owner and retailer, you couldn’t be tucked away in a better local economy.
  • You can work here and live here: A signature of a mixed-use community is having residents live and work within the same development.  What could be better than walking to work everyday?  With multiple homes available, living and working in One Loudoun is more realistic than ever!

On top of providing your business with the ultimate chances to succeed, your addition to the community will contribute to the overall economy. Not to mention, within a few weeks, the holiday shopping season will be in full swing. This is a great chance to settle in One Loudoun before the onset of holiday shoppers!

Source: The National Retail Federation