Economic news: November 24 to 30
New Opportunity to Live Local and Shop Local
November has been proclaimed Live Local Month to promote support for Falls Church neighbors and friends who own or work in local businesses. Living local benefits local schools and projects and adds job opportunities through your local taxes. With the holidays approaching, Chutes Church Chamber is encouraging local shopping, which is easier than ever with a new promotion. By launching Small Business on Saturday, November 26, the Church of the City of Falls is offering a way to further support local businesses with the sale of the Little City Gift Card Program. The digital gift card will include consideration for your first three card purchases, to be used at participating businesses. These include entertainment, fitness, healthcare, retail and trade shows. For more information, visit https://www.fallschurchva.gov/2168/The-Little-City-Gift-Card.
Church of the Falls Innovation – Artemis
Falls Church-based Northrop Grumman played a role in the first flight of NASA’s Space Launch System rocket as part of the Artemis I mission on November 16. The company’s two solid rocket boosters helped launch the flight from Kennedy Space Center. Northrop Grumman has been a pioneer in space for more than 50 years and will continue to provide support for the Space Launch System and Artemis missions through 2031.
Local businesses highlighted
The latest issue of Arlington magazine featured Dominion Jewelers for Rachelle Barimany’s specialty of updating heirlooms. The publication named Café Kindred and Bakeshop among the top 9 cafes.
Webinar on cybercrimes and crypto-tax
The IRS Security Summit will host a new webinar on Tuesday, November 29 at 2:00 p.m. as part of its National Tax Security Awareness programming. Titled Deeper Dive into Emerging Cyber Crimes and Crypto Tax Compliance, the webinar will cover business email compromise and/or data breaches, identifying the Dark Web and its role in cybercrime and identity theft. , general understanding of virtual currency, and IRS efforts to combat cybercriminals and illicit activities. Qualifying participants will receive a certificate of completion and tax professionals will earn up to 1 CE credit. To register, visit https://www.webcaster4.com/Webcast/Page/1148/47098.
Workforce Program Restructuring Proposal
Virginia Labor Secretary Bryan Slater has proposed a new central department to manage the state’s efforts to connect employers and employees. The aim is to streamline access to labor market information for people looking for work or training, as well as to facilitate policy development and data sharing. The new Department of Workforce Development and Advancement would take over 13 separate programs from eight agencies and transfer the management of some federal programs to the new department. The restructuring plan will require General Assembly approval and will let the state set standard goals and metrics on program performance.
CBP Session on Funding Readiness
The Community Business Partnership asks the question: Have you ever applied for a loan and been denied because you were unprepared? You would like to apply for a loan, but you have no clear idea of the necessary documents or their importance for the financing process? Do you need to prepare a loan file and do you need advice on how to prepare it? This training session will help you understand the fundamentals of financing readiness by learning what lenders look for on key financial documents including your personal financial statement, projected debt, balance sheet, cash flow, forecast and other key financial components of a strong loan package. The free virtual session will take place on Thursday, December 1, from 6:00 p.m. to 8:00 p.m. with Community Business Partnership speaker Karlene Sinclair-Robinson, Asst. Director, Business Finance Center. For more information, please visit http://www.cbponline.org. Register at https://wbcnova.centerdynamics.com/reg.aspx?mode=event&event=10420108