About the Market Study & Economic Development Strategy
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!