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Economic Development
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On Monday, Jan. 22, 2024, Manassas City Economic Development Director Patrick Small I presented an overview of the city’s economic indicators and development projects. The presentation covered various metrics, including population growth, median household incomes, housing values, and the labor force.
Small highlighted the city’s success in attracting and retaining businesses, pointing out the positive trends in property values and employment. The unemployment rate, below the state and national averages, indicated a healthy job market in the city.
The city’s Visitor’s Center and the Department of Economic Development and Tourism office are being relocated to modernize Fredericksburg’s tourism industry and make destinations accessible to all.
The new office, at 601 Caroline Street, is across from the current center and one block south. It is a more modern building with more of the infrastructure the city departments need.
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This article is FREE to read. Please Sign In or Create a FREE Account. Thank you.
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City of Fredericksburg: “The City of Fredericksburg, the Fredericksburg Economic Development Authority (EDA) and the University of Mary Washington’s (UMW) Athletics Department are partnering to bring in more sports tourism events and drive room nights to city hotels.”
“Fredericksburg City Council in this fiscal year’s budget allocated $100,000 to the Fredericksburg EDA to be used for sports tourism development. Some of those funds have been put toward a new agreement with UMW that is expected to boost sports tourism-related revenue for the City. For every hotel room booked in the City of Fredericksburg due to a UMW athletics event, UMW Athletics will receive $10 per room, per night from the EDA. The agreement also includes a $5,000 sponsorship that will allow the City of Fredericksburg’s tourism office to have more visibility with incoming athletic groups, and provide other marketing opportunities.”
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