About the Market Study & Economic Development Strategy


herndon ECON/MSEDS project logo

Market Study and Economic Development Strategy

Market Analysis

Economic Positioning

Real Estate Development

Introduction

The Market Study & Economic Development Strategy is the town’s first comprehensive study of the market and economics. It also serves as the "economic engine" of the Herndon 2050 plan.

The strategy will explore ways to grow the Town’s commercial tax base, enhance key commercial areas, support existing businesses, attract new ones, and identify real estate opportunities and partnerships that can help spur long-term economic growth.

Project Timeline


Dec 2025.

Data Collection + Analysis + Market Analysis

Mid June 2026.

Implementation Plan


Feb 2026.

Economic Positioning + Development Trends

May 2026.

Economic Development Strategic Action Plan

September 2026.

Economic Positioning + Development Trends



What Can I Do?

Engagement will be combined for Herndon 2050 and the Market Study and Economic Development Strategy, making it easier to share your thoughts for both at the same time!

Keep an eye out for input opportunities. More details to come soon!

Stay tuned for Engagement Opportunities

historic town buildings
Photo taken in Herndon of people near town hall and downtown
Photo taken in Herndon of a residential street corner. big yellow house.