The Virginia Asian Chamber of Commerce has presented Loudoun County Administrator Tim Hemstreet the Champion of Economic Visionary Award for 2016.
Hemstreet is the sixth recipient of the award; the list of previous honorees include two state governors.
“We selected Mr. Hemstreet for this honor because of the outstanding economic development success that has been achieved under his leadership,” stated chamber founder and Chairman Tinh duc Phan.
Hemstreet took the job seven years ago at in the depths of the great recession, at a time when the county was facing deficits in the millions of dollars. Since then, the county budget has almost doubled and the county has maintained triple-triple-A bond ratings
Hemsetreet said he was “very honored” to receive the award.
“While I accepted this award, it really belongs to all of Loudoun County, including the Board of Supervisors and the staff in the Department of Economic Development, who have worked tirelessly to identify and bring new opportunities to our community,” Hemstreet stated. “This award highlights our growing relationship with the Virginia Asian Chamber of Commerce and Loudoun County’s commitment to expanding its international business base, particularly in Asia, that now consists of 120 known firms from 27 countries.”
“When he started, Mr. Hemstreet said that ‘economic development isn’t a department,’ it’s a county-wide initiative,” stated Buddy Rizer, executive director of the Loudoun County Department of Economic Development. “He has been a great leader, mentor and partner in creating one of America’s great economic development success stories. He truly deserves this honor.”
Almost one out of every four Loudoun residents was born outside the U.S., with more than 50 percent of those having been born in Asia. The county has hosted dozens of delegations from China and Korea during the seven years Tim Hemstreet has been the county administrator. In addition, top Loudoun officials have made business trips to China and Korea.
Loudoun has established sister-city partnerships with the Shunyi District of China; the city of New Taipei in Taiwan; and Goyang and Gangneung Cities in South Korea. In May, during a trip to its Sister City in the Shunyi District, officials from Loudoun signed a marketing agreement between Washington-Dulles International Airport and Beijing Capital International Airport.
“The Virginia Asian Chamber of Commerce is proud to recently acknowledge that Mr. Hemstreet shares our ancestry, as he has a parent and family members who are Chinese Americans,” Phan stated. “He has continued the Asian tradition of excellence while providing leadership to Loudoun County government. The Virginia Asian Chamber of Commerce was pleased to honor Mr. Hemstreet with its highest award.”