Organization:

Name:BID Governing Board

Acronym:BID

Description:
Governance: The Ballston BID was approved by the Arlington County Board in December 2010, and was authorized in August 2011 to operate under a Service Agreement with Arlington County from July 1, 2011 to June 30, 2016. It submitted its application to the IRS to be recognized as a 501(c)(6) organization in January 2012. The Ballston BID is governed by a Board of Directors of 21 members, representing commercial property owners and various constituencies located with its District, and two representatives appointed by Arlington County. The Board develops BID policies, oversees all activities, and prepares an annual Work Plan and associated budget, which is submitted to the Arlington County Board for consideration and approval.

Stakeholder(s):

• Arlington County, Virginia: http://www.arlingtonva.us/


• Dweck Properties, LTD: http://www.dweckpropertiesltdofwashington.bizservonline.com/


• The JBG Companies: http://www.jbg.com/


• The Shooshan Company: http://www.shooshancompany.com/


• Bean Kinney & Korman: http://www.beankinney.com/


• Westin Arlington Gateway: http://www.starwoodhotels.com/westin/property/overview/index.html?propertyID=1513


• National Science Foundation (NSF): http://www.nsf.gov/


• Washington Capitals: http://capitals.nhl.com/


• Advance Global Solutions, Inc.: http://www.advancecarrental.com/


• RESI Management Corporation: http://www.corporationwiki.com/Virginia/Arlington/resi-management-corporation/53262113.aspx


• National Rural Electric Cooperative Association: http://www.nreca.coop/Pages/default.aspx


• Forest City Commercial Management, Ballston Common Mall: http://www.forestcity.net/properties/shop/regional_enclosed_centers/Pages/ballston_common_mall.aspx


• Nixon & Vanderhye, P.C.: http://www.nixonvanderhye.com/


• Fred Schnider Company: http://arlington-va.patch.com/listings/fred-schnider-company-llc


• Brookfield Properties: http://brookfieldofficeproperties.com/Default.aspx


• Ballston-VA Square Civic Association: http://www.ballstoncivic.org/


• Bluemont Civic Association: http://www.bluemontcivic.org/

Name:SWOT Analysis - Strengths

Description:
(1) Businesses: Research, science and technology, government agency and defense businesses, educational institutions, and lower taxes and operating costs compared with Washington. DC. (2) Attractions: Washington Capitals (3) Accessibility: Underground Metro, access to Route 66, proximity to DC and Tysons Corner. Parking. Not congested, and very walkable and bikeable. (4) Lifestyle and Community: Restaurants, sports (ice skating, tennis, swimming, running and bike trails), mixed-use parks, hospitals, doctor and rehab facilities. Good school system.

Name:SWOT Analysis - Weaknesses

Description:
(1) Business: Lack of diverse retail; Arlington County Approval process and regulations; Not as close to DC as competitors. (2) Design: Nondescript aesthetics; Uninviting streetscapes; Weak signage. (3) Lifestyle: Lack of higher-end restaurants; Lack of arts and culture. (4) Communication/Marketing: Lack of image/category; Many area benefits remain hidden.

Name:SWOT Analysis - Opportunities

Description:
(1) Good destination for Business: Leverage and attract more research and high technology; Attract more companies interested in teleworking (like Accenture); Attract more international business. (2) Build a community: Create or define a central gathering place (epicenter); Improve retail offerings; Bring more of the arts (theater, art, music, culture); Become a place where young people want to work, play, live.

Name:SWOT Analysis - Threats

Description:
(1) Market forces and changes: BRAC (Base Realignment and Closure)-shifts in office space vacancies; GSA rent cap; Weak economy. (2) Competitive: Competition from adjacent Fairfax County; Tyson's Metrorail Silver Line expansion; Sub-markets in Rosslyn, Crystal City, Columbia Pike.

Name:Trends

Description:
(1) Entrepreneurs and incubators; (2) Adoption of technology (mobile, apps, wireless cities); (3) Younger demographics (avg. resident age of 36); (4) Increase of renters (vs. owners); (5) Increased emphasis on fitness as an attraction; (6) Increasing avg. household income; (7) Declining emphasis on a SF per person basis for commercial office space; (8) Passion for pets as part of the family.