The city has previously supported the SBDC operated in cooperation between the City of Leesburg, George Mason University and Loudoun County by providing office space in downtown Leesburg. To this end, $75,000 was recently allocated in the enacted general fund budget for fiscal year 2023 for an office lease.
According to director of economic development Russell Seymour, the new offices were identified about two weeks ago. The leased area is approximately 3,073 gross square feet and includes the second floor of the building at 15 North King Street for a one-year term with four additional one-year renewal terms exercisable at the City’s option.
“This move will allow SBDC to remain in downtown Leesburg without occupying the city’s dedicated HUBZone space, which remains an important and limited resource for our local businesses,” Seymour said. “The new location will also allow our staff to be located in one space, while still being close to the many resources located inside City Hall.
The SBDC provides counseling and training to small businesses located in Loudoun County. Additionally, they work with the Small Business Association (SBA) to develop and provide information tools to support business start-ups and the expansion of existing businesses.
“The SBDC is a resource for our small businesses throughout Loudoun County,” Seymour said. “We have a much larger perimeter. Our department works a lot with small businesses here in the city. This move will give us the opportunity to share some of our resources.
The Ministry of Economic Development and SBDC will begin moving into their new space on August 15. They will be officially installed on September 1. The General Manager is evaluating plans for the future use of the log cabin, where the Economic Development department has been located since 2021.
Deputy Public Information Officer