why fairfax county? - Fairfax County Economic Development Authority

Transcription

why fairfax county? - Fairfax County Economic Development Authority
WHY FAIRFAX COUNTY?
reputation
location
resources
innovation
partnership
FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY  2008 ANNUAL REPORT
IN SIDE :
2008 Notable Achievements.................................................1
Chairman’s Message...............................................................2
President’s Message...............................................................4
Why Fairfax County? Here’s Why.........................................6
Our Partners and Allies........................................................ 21
Annual Overview.................................................................... 22
Fairfax County Milestones
Trends in Real Estate
Celebrating Local Business Success
Business Expansion: Selected 2008 Announcements
About the FCEDA.................................................................. 28
20 08 NOTABLE ACHIE VEMENTS
JAN
TechJournal South calls Fairfax County the “economic engine of the Potomac region.”
Four Fairfax County companies make FORTUNE magazine’s list of the “100 Best Companies to Work
For” in the U.S.
IT giant CSC relocates headquarters to Fairfax County.
FCEDA opens marketing office in San Francisco.
FCEDA hosts seminar in Seoul, Korea, to assist companies interested in expansion into U.S.
FCEDA-commissioned survey on Americans’ priority for tech breakthroughs gets national attention.
FCEDA President and CEO Gerald Gordon speaks to Long Island (NY) Association and media about
successful economic development strategies.
Fairfax County tops list for federal procurement dollars.
Eleven Fairfax County firms named to Hispanic Business magazine’s list of the 500 largest Hispanicowned businesses in the U.S.
Five Fairfax County firms land on Black Enterprise magazine’s list of the 100 largest African Americanowned companies in the U.S.
FCEDA President and CEO Gerald Gordon wins Fulbright award to study economic development
issues in Scotland.
Four Fairfax communities land on Money magazine’s list of “100 Best Places to Live” in the U.S.
Virginia again tops Forbes.com’s “Best State for Business” survey.
World Information Technology and Services Alliance relocates headquarters to Fairfax County.
17 Fairfax County companies make Inc. magazine’s list of the “500 Fastest Growing Companies” in the U.S.
Volkswagen Group of America opens its new headquarters in Herndon.
FCEDA’s “Power of Ideas” advertising campaign wins international award.
FCEDA-commissioned survey on technology access receives national publicity.
U.S. News & World Report rates Fairfax County’s Thomas Jefferson High School as best in the nation.
Search engine giant Google opens federal sales office in Reston.
DEC
FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY  2008 ANNUAL REPORT 1
“Because of this
investment in the
Economic Development Authority’s
pioneering marketing efforts, Fairfax
County has earned
a reputation as
one of the best
business locations
in the world.”
Steven L. Davis, FCEDA Commission Chairman
and Senior Executive, Exxon Mobil Corporation
reputation
2 FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY  2008 ANNUAL REPORT
CHAIRMAN’ S MES SAGE
The nation ended 2008 facing possibly the most serious economic situation since the Great Depression. Employers cut
2.6 million jobs during the year. Unemployment rose to 7.2 percent, the highest jobless rate in 15 years. The situation
in Fairfax County, meanwhile, was far different. Employers continued to create jobs here—at a slower pace than earlier
in the decade, but an increase nevertheless. Unemployment stood at 3.2 percent at year’s end, far below the national
average and even below the mark that economists consider to be full employment.
Fairfax County’s location between Washington Dulles International Airport and Washington, D.C., makes it an ideal point
for U.S. and foreign businesses that want to grow and succeed. However, there is another reason that Time magazine
called Fairfax County “one of the great economic success stories of our time”—a consistent and aggressive business
attraction and retention program that has enjoyed tremendous support from county officials and residents.
More than 30 years ago the Fairfax County Board of Supervisors charged the Economic Development Authority with a
mandate to promote the county as a business location. Since then the Board of Supervisors has offered consistent support for these efforts, through good times and bad. County supervisors know what the investment in economic development programs—along with investment in high-quality public services and infrastructure—means for Fairfax County
residents and employers alike.
Because of this investment in the Economic Development Authority’s pioneering marketing efforts, Fairfax County has
earned a reputation as one of the best business locations in the world—a county that boasts a business community
based on technical and professional services, one of the most highly educated and best-trained workforces in the
world, and a quality of life that includes an acclaimed public school system, America’s only national park for the performing arts, and the cultural amenities of nearby Washington, D.C.
No wonder that one of the world’s best-known companies—Google—established a divisional headquarters in Fairfax County
last year. And, no wonder that Volkswagen Group of America and CSC (formerly Computer Sciences Corporation) completed the relocation of corporate headquarters here in the last year. These well-known companies are among the dozens of
other U.S., foreign-owned, and small and minority-owned businesses that located or expanded in Fairfax County in 2008.
Economic development promotes a vibrant and diversified economy and business community. It creates jobs and
wealth for Fairfax County residents. It increases the commercial tax base, which enables the Board of Supervisors to
fund programs and services for a population that continues to grow and change.
Fairfax County will not be immune from the national recession, but the February 2009 announcement by Hilton Hotels
Corporation that it will move its headquarters to Fairfax County from Beverly Hills is a welcome reminder that Fairfax
County remains in an enviable position compared to virtually all other parts of the nation thanks to decades of hard
work—and decades of staunch support of economic development from Fairfax County’s leaders and residents.
Steven L. Davis
FCEDA Commission Chairman
Senior Executive, Exxon Mobil Corporation
FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY  2008 ANNUAL REPORT 3
PRESIDENT’ S MES SAGE
Fairfax County ended 2008 in a far better economic position than virtually every other large county or city in the
nation as measured by employment strength. That strength will help Fairfax County weather a global recession,
prepare for the next period of business expansion and sustain the county’s well-known quality of life.
In 2008, the Fairfax County Economic Development Authority:

Worked with 90 companies that will add 4,197 jobs to Fairfax County’s primary economy. These companies will
take up 539,870 square feet of additional office space, which will increase the commercial tax base.

Assisted 20 foreign-owned businesses with their decision to locate or expand in Fairfax County. More than 360
foreign-owned firms are doing business in the county. They employ more than 21,000 people.

Worked with the Fairfax County and Washington-area venture capital community to help 45 Fairfax County
companies receive $255.1 million in private equity investment.
And, as Fairfax County employers continued to create jobs, the county’s unemployment rate stood at 3.2 percent. The
contrast with the national economy and other major job centers could not be clearer. The U.S. lost more than 2.6 million
jobs in 2008, and metropolitan areas such as Los Angeles, San Francisco and Atlanta lost thousands of jobs each, according to the U.S. Bureau of Labor Statistics (BLS). The national jobless rate stood at 7.2 percent at the end of 2008.
Notwithstanding the exciting announcement by Hilton Hotels Corporation that it will move its headquarters here
from California, 2009 is going to be a difficult year for Fairfax County as well as other job centers. The global recession will make it harder for companies to expand or establish operations in new locations. That means it will be
more difficult to increase the commercial tax base, which the Fairfax County Board of Supervisors uses to fund
services for a growing and increasingly diverse population—the kinds of programs that make Fairfax County one of
the most desirable places in America to work and to live.
The work of the Fairfax County Economic Development Authority will be more important than ever because of the
struggling economy. By continuing to promote Fairfax County as one of the world’s great business locations—by
working with companies already in the county as well as in important technology centers in the U.S. and worldwide,
by communicating around the world the county’s assets for employers and employees—corporate decision-makers
will know more about Fairfax County when they are ready to expand their businesses.
Within these pages you will find testimonials from executives at Google, CSC and other organizations about what it
means to them to be working in one of the world’s premier business locations. The Economic Development Authority’s
focus this year is to continue to build on these strengths so that employers continue to create jobs and build the commercial tax base that supports the quality of life that residents, employers and employees alike enjoy in Fairfax County.
Gerald L. Gordon, Ph.D.
President and CEO
Fairfax County Economic Development Authority
4 FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY  2008 ANNUAL REPORT
“Fairfax County ended
2008 in a far better
economic position
than virtually every
other large county or
city in the nation.”
Gerald L. Gordon, Ph.D., President and CEO,
Fairfax County Economic Development Authority
location
“Fairfax County is a perfect
fit for us as we take our
company in an aggressive
new direction . . . Here we
have found an environment
that stimulates innovation.”
Stefan Jacoby, President and CEO, Volkswagen Group of America, Inc.
innovation
6 FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY  2008 ANNUAL REPORT
Economic Development Creates Jobs
In 2008, the Fairfax County Economic Development Authority’s marketing staff
worked with 90 businesses that said they would add 4,197 jobs to the county
economy.
National Marketing managers assist American companies interested in Fairfax
County locations and work with venture capitalists interested in investment opportunities in the county’s vigorous entrepreneurial community. In 2008, this division
worked with 62 companies that created more than 3,400 jobs.
International Marketing managers work with foreign-owned companies interested
in expanding in the U.S. market. In 2008, this division worked with 20 companies
that will create nearly 300 jobs in the county. FCEDA-organized business events in
important overseas markets drew more than 900 executives interested in learning
how to establish operations in Fairfax County.
The Small and Minority Business Division works with emerging firms that are an
increasingly important component of the Fairfax County business community and
economy. In 2008, this division worked with eight relocating or expanding companies to create more than 400 jobs.
FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY  2008 ANNUAL REPORT 7
Economic Development ENHANCES
QUALIT Y OF LIFE
Economic development promotes a vibrant and diversified economy and
business community. In addition to creating jobs, economic development
increases the commercial tax base, which enables the Board of Supervisors
to fund programs that make Fairfax County one of the most desirable places
in America to work and to live.
For example, Fairfax County Public Schools consistently ranks among the
best in the nation, and the Fairfax County Public Library is the largest in
Virginia. Services such as these give Fairfax County a quality of life that is
second to none.
A thriving business community also develops a sense of corporate citizenship that gives back to the county in myriad ways. In 2008, Volkswagen
Group of America announced a philanthropic campaign to support Fairfax
County Public Schools, George Mason University, Northern Virginia Community College and other educational institutions. Google launched philanthropic partnerships with Fairfax County Public Schools and with Reston Interfaith, a nonprofit social services organization that serves northern Virginia.
8 FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY  2008 ANNUAL REPORT
“Fairfax County offers a rich
environment for technology
companies. We’re proud to
be a part of this robust
business community.”
Mike Bradshaw, Director, Google Federal Enterprise Sales
community
FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY  2008 ANNUAL REPORT 9
Resources Promote Investment
Fairfax County prizes its diverse, dynamic economy, with its seven FORTUNE 500
companies, thousands of technology and professional services companies, and thriving minority and international business communities. For three decades, the Fairfax
County Board of Supervisors and Fairfax County residents have supported an aggressive and far-reaching program to promote the county as a business location.
FCEDA marketing managers work with Fairfax County companies to help them grow
here. Marketing managers also travel to important business centers in the U.S. and
overseas to showcase the kinds of opportunities available in a community that Time
magazine called “one of the great economic success stories of our time.”
To help companies in California expand to the Washington area, the FCEDA has
a representative in San Francisco. To encourage investment from overseas, the
FCEDA has representatives in five strategic markets—Bangalore, Frankfurt, London, Seoul and Tel Aviv—to work with companies that want to expand into the U.S.
market. Fairfax County is the only U.S. county to have this level of international
outreach, and, as a result, more than 360 foreign-owned firms from 39 countries
have a presence here.
The FCEDA’s Market Research and Real Estate Division develops information that
companies use to make their decisions to locate and expand here. The FCEDA Communications Division spreads the word about Fairfax County as one of the world’s
leading business locations.
10
10 FAIRFAX
FAIRFAX COUNTY
COUNTY ECONOMIC
ECONOMIC DEVELOPMENT
DEVELOPMENT AUTHORITY
AUTHORITY 
2008
2008 ANNUAL
ANNUAL REPORT
REPORT
“Fairfax County
provides an excellent environment
for companies
to thrive and be
successful. There
is an abundance
of resources for
businesses to
get started, grow
and expand.”
Ashley Chen, President and CEO, ActioNet, Inc.
resources
FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY  2008 ANNUAL REPORT 11
prosperity
12 FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY  2008 ANNUAL REPORT
Responding to the Needs of
Area Businesses
The Fairfax County Economic Development Authority values business investment
in our community and recognizes the importance of keeping businesses in Fairfax County to create jobs and build the commercial tax base, which the Fairfax
County Board of Supervisors uses to fund services that help make living and
working in the county so attractive.
As part of the FCEDA’s business retention efforts, marketing staff met with more
than 500 companies and organizations in 2008 to provide free and confidential
services that include tailored business development consulting and real estate and
market analysis. The FCEDA also drew more than 30 businesses to a seminar on
selling and marketing to local, state and federal agencies.
“Living and working in Fairfax County is all about a
healthy sense of contribution and accomplishment at
work and a confident sense of well-being that both
family and friends will prosper here.”
Julien G. Patterson, Chairman and Founder, OMNIPLEX World Services Corporation
FAIRFAX
FAIRFAX COUNTY
COUNTY ECONOMIC
ECONOMIC DEVELOPMENT
DEVELOPMENT AUTHORITY
AUTHORITY 
2008
2008 ANNUAL
ANNUAL REPORT
REPORT 13
13
Providing Opportunity for Grow th
In 2008, the FCEDA hosted nine monthly “Entrepreneurship 101: Starting a Business in Fairfax County” workshops with the Virginia Department of Business Assistance and the U.S. Small Business Administration. These workshops typically
were booked to capacity, often well in advance.
An annual three-part Export Development series trained Fairfax County business
people to plan for selling goods and services in overseas markets.
The FCEDA provided resident SCORE counselors to advise entrepreneurs on
business plan development.
The FCEDA issues industrial revenue bonds to nonprofit organizations and manufacturing firms that want to invest and grow in Fairfax County. In 2008, for example, the FCEDA worked with Capital Hospice and the Goodwin House Baileys
Crossroads retirement community to build new facilities in the county.
For technology companies, the FCEDA sponsored showcases where area firms
learned about cutting-edge research being conducted at Virginia and Washington-area universities. The FCEDA also is a sponsor of the Grubstake Breakfast
Series, which is organized by the Business Alliance of George Mason University, Inc., and offers opportunities for area technology firms to present business
plans to potential investors.
14 FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY  2008 ANNUAL REPORT
“Our move to
Fairfax County
brings together our
leaders in North
America and provides tremendous
opportunities for
enhanced collaboration, growth
and operational
excellence.”
Michael Laphen,
President and Chief Executive Officer, CSC
opportunity
FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY  2008 ANNUAL REPORT 15
“We needed skilled,
technology-focused,
government-experienced workers to
compete for federal
contracts, and Fairfax
County’s highly
educated, professional
labor pool always
has been the best
source for that.”
Anthony (Tony) Jimenez,
President, CEO and Founder, MicroTech
workforce
16 FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY  2008 ANNUAL REPORT
A Highly Sk illed and Creative
Work force Mak eS it Happen
Companies rave about the quality of the employees they hire in Fairfax County. The numbers say it all about the workforce here: More than 55 percent of
all adults have a college degree—double the national average—and almost a
quarter of all adults in Fairfax County have an advanced academic degree.
More than a quarter of all the jobs in Fairfax County are in professional and
technical services, and more than 45 percent of working Fairfax County residents are employed in “creative” fields—professional services, information
technology, education and research, health care, and media, arts and design.
George Mason University and Northern Virginia Community College work with
Fairfax County companies to craft curricula and professional and technical
programs of study that produce graduates ready for the world of work.
Fairfax County employers also know the quality of graduates from educational
institutions in Fairfax County. Fairfax County Public Schools is one of the topranked school systems in the nation. In 2008, U.S. News and World Report
ranked Thomas Jefferson High School for Science and Technology as the top
high school in the U.S. for the second straight year. U.S. News also placed
Langley, McLean and Woodson high schools in the top 100.
FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY  2008 ANNUAL REPORT 17
Residents and Visitors Have It All
Fairfax County is a diverse cosmopolitan area that includes bustling commercial
and shopping districts, bucolic rural areas and tranquil suburban communities.
Historic, educational and cultural opportunities abound here, including the National Air and Space Museum’s Stephen F. Udvar-Hazy Center at Washington
Dulles International Airport; George Washington’s Mount Vernon Estate and
Gardens; George Mason’s Gunston Hall; Wolf Trap, the only national park for the
performing arts; and new in 2008, the Workhouse Arts Center in Lorton. Just
minutes away are the cultural and entertainment venues in Washington, D.C.
Fairfax County also boasts more than 50 square miles of public parkland that
include a bald eagle preserve, botanical gardens and nine county-operated recreation and fitness centers.
“Our association benefits from many wonderful
county amenities, including convenient access to
transportation, fine hotels and restaurants, and the
meticulously maintained open spaces of Reston.”
Karen P. Moynahan, Associate Director, National Association of Schools of Music
18 FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY  2008 ANNUAL REPORT
amenities
FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY  2008 ANNUAL REPORT 19
“One reason why WITSA
chose to locate its
offices in Fairfax County
is the highly successful
relationship that it has
with the FCEDA. Another
is the reputation that
Fairfax County has as an
IT hub within the U.S.”
James H. Poisant, Ph.D., Secretary General,
World Information Technology and Services Alliance
partnership
20 FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY  2008 ANNUAL REPORT
OUR PARTNER S AND ALLIES
The Fairfax County Economic Development Authority is pleased to have these partner organizations in the Authority’s office
space in Tysons Corner as we work together to expand relationships with business communities locally and worldwide:
In 2008, the FCEDA also worked with many other local and international allies on innovative programs and business
events. Relationships with these groups increase Fairfax County’s profile locally, nationally and internationally.
Annandale Chamber of Commerce
Bayern Innovativ
Berlin Partner
BioSaxony
BioTOP Berlin-Brandenburg
British-American Business Association
BritishAmerican Business, Inc.
Business Alliance of George Mason University, Inc.
Darden School at the University of Virginia
Center for Public Administration and Policy, Virginia Tech
Central Fairfax Chamber of Commerce
Committee for Dulles
Community Business Partnership
Darden School of Business, University of Virginia
Dulles Area Transportation Association
Dulles Corridor Rail Association
Dulles Regional Chamber of Commerce
Fairfax County Chamber of Commerce
Fairfax Symphony Orchestra
Forum MedTech Pharma e.V.
George Mason University
Greater Falls Church Chamber of Commerce
Greater McLean Chamber of Commerce
Greater Merrifield Business Association
Greater Reston Chamber of Commerce
Greater Springfield Chamber of Commerce
Kompetenzzentrum Medizin Tirol
Korea Business Development Center
Mason Enterprise Center
Mount Vernon-Lee Chamber of Commerce
Northern Virginia Life Sciences Communities
Northern Virginia Technology Council
Potomac Tech Wire
Quebec Government House
Saxony Economic Development Corporation
SCORE
South Fairfax Chamber of Commerce
South East England Development Agency (SEEDA)
Swedish American Chamber of Commerce
Team South East
Technopole Defence & Security
TEKES
TelecomHUB
Teqcorner, LLC
TSB Medici
TYTRAN
U.K. Trade and Investment (UKTI)
U.S. Department of Commerce
U.S. Small Business Administration
Vienna-Tysons Regional Chamber of Commerce
Virginia Department of Business Assistance
Virginia Minority Supplier Development Council
Washington Business Journal
FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY  2008 ANNUAL REPORT 21
ANNUAL OVERVIE W
FA I RFA X C O U NT Y M I LESTO N ES
Business Establishments by Industry Sector (First Half 2008)
❚ Professional and technical services....... 27%
❚ Other services.............................................. 14%
Number of payroll jobs in Fairfax County
(2Q 2008)............................................................ 590,386
❚ Retail trade...................................................... 9%
Civilian labor force (2008)............................... 605,234
❚ Health care and social assistance.............8%
Fairfax County residents
working in the county (2007)..................................53%
❚ Construction....................................................8%
❚ Accommodation and food services..........6%
❚ Administrative and waste services............6%
❚ Finance and insurance.................................5%
❚ Real estate and rental/leasing....................4%
❚ Wholesale trade..............................................4%
❚ Information.......................................................3%
❚ Educational services.....................................2%
❚ Transportation and warehousing...............1%
❚ Manufacturing.................................................1%
❚ Arts, entertainment and recreation...........1%
❚ Remaining categories...................................1%
Bond Rating:
Employment in Fairfax County
AAA/Aaa
For fiscal year 2009, Fairfax County retains its
triple-A credit rating from all three rating agencies—
Moody’s Investors Service, Standard & Poor’s
Corporation and Fitch Ratings—making it one of
just 22 (of 3,136) counties in the nation to get the
highest-possible ratings from all three organizations.

22 FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY  2008 ANNUAL REPORT
Unemployment rate (2008)....................................3.2%
Median family income (2007)....................... $120,804
U.S. median family income.......................$60,374
Per capita income (2007)................................. $47,795
U.S. per capita income.............................. $26,178
Businesses in Fairfax County
Number of payroll businesses (2Q 2008).......32,964
Foreign-owned firms (2008)....................................361
Technology firms (2006)....................................... 5,446
Associations (2007)...................................................268
Education in Fairfax County
2008-09 public school enrollment................ 168,742
Fairfax County Public Schools’
national ranking by enrollment............................... 12th
Residents aged 25+ possessing
a bachelor’s degree (2007).....................................59%
U.S. 2007 average.............................................. 27%
Foreign-born adults (age 25 and older)
who have at least a college degree (2000)......... 41%
United States..........................................................4%
TREN D S I N RE A L ESTATE
 Fairfax
County is the largest
suburban office market in the
Washington, D.C., area and the
fourth largest in the nation. It is
also the largest office market in
the Commonwealth of Virginia.
Office Space Inventory by Submarket (Yearend 2008)
❚ Tysons Corner................................ 26,348,711
❚ Reston..............................................19,459,505
❚ Chantilly........................................... 10,777,065
❚ Merrifield......................................... 10,013,915
❚ Fairfax Center/Oakton.................. 9,562,837
❚ Dulles...................................................9,106,371
❚ Herndon (Town)............................... 5,738,766
❚ McLean/Great Falls.........................4,239,118
❚ Springfield/Franconia.................... 4,217,488
❚ Baileys Crossroads......................... 3,225,775
❚ Vienna................................................ 2,531,896
❚ Annandale......................................... 1,819,053
❚ Richmond Highway........................1,044,644
❚ Seven Corners.................................1,022,086
❚ Centreville.............................................981,928
❚ Newington/Lorton.............................. 572,309
❚ Burke......................................................527,834
Countywide Inventory (Yearend 2008)
Office space........................................ 111.2 million sq. ft.
Office vacancy rate*................................................. 14.5%
Industrial/flex space........................... 38.9 million sq. ft.
Industrial/flex vacancy rate*...................................10.2%
*Vacancy rates include sublet space.
Office Space Trends 1980–2008 (Square Footage and Vacancy Rates)
Square
Feet
20
15
10
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992
1991
1990
1989
1988
1987
1986
1985
1984
1983
1982
1981
5
1980
120
110
100
90
80
70
60
50
40
30
20
10
0
Vacancy
Rate (%)
25
Direct vacancy rate
Including sublet space (figures available for 2001–2008 only)
0
FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY  2008 ANNUAL REPORT 23
ANNUAL OVERVIE W, continued
C ELEB R ATI N G LO CA L B U S I N ES S SU C C ES S
Fairfax County companies annually appear on a number of prestigious regional and
national “best of business” lists in an array of categories that reflects the diversity and
strength of Fairfax County’s vibrant business community.

Fastest Growing Companies
Virginia Chamber of Commerce Fantastic 50
The Washington Business Journal in 2008 included 22 Fairfax County companies on its list of the 50 fastest growing
in the Washington area:
The Virginia Chamber of Commerce annually ranks the 50 fastest
growing companies headquartered in the Commonwealth of Virginia.
Rankings are based on sales and revenue history. In 2008, 19 of the
Fantastic 50 firms were based in Fairfax County.
R ANK COMPANY
LOCATION
3 Carahsoft Technology Corp.
5 Accelera Solutions, Inc.
6 Apptix
7 ICF International, Inc.
8 MicroTech, LLC
9 JER Investors Trust, Inc.
10 AOC Solutions, Inc.
11 Customer Value Partners, Inc.
17 Gladstone Commercial Corp.
20 NeoSystems Corp.
21 Guident Technologies, Inc.
22 VSE Corp.
23 Quadrant, Inc.
27 mindShift Technologies, Inc.
30 Online Resources Corp.
31 InScope Solutions, Inc.
37 Alion Science and Technology Corp.
39 NII Holdings, Inc.
41 Deltek, Inc.
43 Pace Harmon
49 comScore, Inc.
50 Abraxas Corp.
Reston
Falls Church
Herndon
Fairfax
Vienna
McLean
Chantilly
Fairfax
McLean
Vienna
Herndon
Alexandria
Herndon
Fairfax
Chantilly
Reston
McLean
Reston
Herndon
Vienna
Reston
McLean
24 FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY  2008 ANNUAL REPORT
R ANK COMPANY
2
6
8
9
10 12 13 14 19 23 24 25 27 28 32 33 34 47
50 LOCATION
TRINITY Group Construction Herndon
Ace Info Solutions Reston
Competitive Innovations, LLC Fairfax
Advanced Systems, Inc. Fairfax
Customer Value Partners, Inc. Fairfax
Cascades Technologies, Inc. Herndon
Webster Data Communications, Inc. Fairfax
Automation Technologies, Inc. Vienna
Ventera Corp.
Reston
XIO Strategies, Inc. McLean
ActioNet, Inc. Fairfax
Electronic Consulting Services, Inc. (ECS) Fairfax
Preferred Systems Solutions, Inc. McLean
Universal Consulting Services, Inc. Fairfax
Apex-2000, Inc. Chantilly
Financial Investments, Inc. Herndon
National Corporate Housing (The Atchison Group) Herndon
Access Systems, Inc. Reston
Dynamic Systems Technology, Inc., (DSTI) Fairfax
Deloitte & Touche Technology Fast 500
Black Enterprise 100
Twenty-one Fairfax County firms made the Deloitte & Touche
Technology Fast 500 in 2008. The list ranks the fastest growing technology, media, telecommunications and life sciences
companies in North America based on percentage of fiscal
year revenue growth over five years (2003-2007).
Black Enterprise magazine named five Fairfax County companies to
its 2008 list of the largest African American-owned service/industrial companies in the U.S., based on revenue:
R ANK COMPANY
8
24
49
72
73
115
174
175
219
221
253
287
347
352
354
385
444
463
477
485
488
CompuGain Corp.
Approva Corp.
SPADAC, Inc.
TelePlus, LLC
Adaequare, Inc.
International Solutions Group, Inc.
Apptix
Customer Value Partners, Inc.
Parature
Nexius
Abraxas Corp.
ConceptSolutions
ICF International, Inc.
IMCI Technologies
ActioNet, Inc.
K12, Inc.
Ecompex, Inc.
comScore, Inc.
ARGON ST, Inc.
Online Resources Corp.
NII Holdings, Inc.
LOCATION
Herndon
Reston
McLean
Alexandria
Chantilly
Herndon
Herndon
Fairfax
Vienna
Herndon
Herndon
Reston
Fairfax
Herndon
Fairfax
Herndon
McLean
Reston
Fairfax
Chantilly
Reston
R ANK COMPANY
3
44
48
64
80
Thompson Hospitality
Universal Systems and Technology (UNITECH)
OMNIPLEX World Services Corp.
Communication Technologies (COMTek)
CMI Management, Inc.
LOCATION
Herndon
Chantilly
Chantilly
Chantilly
Alexandria
Hispanic Business 500
Eleven Fairfax County companies were among the 500 largest
Hispanic-owned firms in the country in 2008, as ranked (by revenue)
by Hispanic Business magazine:
R ANK COMPANY
42
88
91
141
147
159
211
303
356
405
476
MVM, Inc.
Geologics Corp.
Tessada & Associates, Inc.
Priority One Services, Inc.
COmputing TechnologieS, Inc.
Kemron Environmental Services, Inc.
SCI Consulting Services, Inc.
Citizant, Inc.
Engineering, Management & Integration, Inc.
MicroTech, LLC
MAC Aerospace Corp.
LOCATION
McLean
Alexandria
Springfield
Alexandria
Fairfax
Vienna
Vienna
Chantilly
Herndon
Vienna
Chantilly
FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY  2008 ANNUAL REPORT 25
ANNUAL OVERVIE W, continued
BUSINESS EXPANSION: SELECTED 2008 ANNOUNCEMENTS
COMPANY
LOCATION
JOBS ADDED
Chantilly
5
General Counsel, P.C. McLean
H.C. Park and Associates (South Korea)
Vienna
HSBC(United Kingdom)
Reston
NEW OR EXPANSION
Finance, Law and Consulting
Alliance Bank
COMPANY
Information Technology, continued
Metro Captial Business Group (South Korea) Annandale
Expansion
Ironworks
10
Expansion
Key2Net (South Korea)
12
New
L-3 Communications 8
New
1
New
Navy Federal Credit Union
Vienna
207
Expansion
Reznick Group
Vienna
30
Expansion
Small Act Network
Tysons Corner
9
Expansion
Stout, Causey & Horning
McLean
30
Expansion
Tysons Corner
Bamboo Solutions (Sweden)
9
Expansion
Reston
22
Expansion
Bell ID (Netherlands)
Herndon
5
Binary Fountain
Tysons Corner
15
Expansion
Brandon Technology Consulting
Tysons Corner
29
Expansion
Business Engineering, Inc.
Reston
3
Expansion
CACI
Fairfax
286
Expansion
CedarPC
Chantilly
10
Expansion
Cheshil Consultants, Inc.
Springfield
10
Expansion
Cogent Systems
Reston
14
Expansion
Davis-Paige Management Systems, LLC
Springfield
130
Expansion
New
DLT Solutions
Herndon
40
Expansion
Evolve Technologies
Merrifield
4
Expansion
GAP Solutions, Inc.
Reston
30
Expansion
Harmony Information Systems
Reston
45
Expansion
Initiate Systems
Reston
9
Innovations Group
Fairfax
25
Inspire, Inc.
McLean
6
26 FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY  2008 ANNUAL REPORT
L-3 Communications (Intelligence Solutions division)
ManTech International Corp.
MicroLink, LLC
MicroTech, LLC
N&P Technologies (South Korea)
NavtechGPS
Information Technology
Accelligence LLC
(Global Security & Engineering Solutions division)
New
Expansion
New
Platinum Solutions, Inc.
RightStar Systems
Rollstream
ScienceLogic
Shared Spectrum Company
Siber Systems
SSB, Inc.
The Analysis Corporation (United Kingdom)
The Tauri Group
Trinity Technology Group
Trusted Mission Solutions
Internet
Google, Inc.
Juniper Networks
Siteworx
LOCATION
JOBS ADDED
NEW OR EXPANSION
Vienna
Vienna
Chantilly
20
1
New
Expansion
Reston
129
Expansion
Fairfax Center
250
Expansion
Tysons Corner
71
Expansion
Tysons Corner
66
Expansion
Vienna
1
New
Springfield
5
Expansion
73
Expansion
Reston
10
Expansion
Fairfax
20
Expansion
Reston
40
Expansion
Tysons Corner
20
Expansion
7
Expansion
Fairfax Center
30
Expansion
McLean
25
Expansion
Alexandria
20
Expansion
Fairfax
24
Expansion
Tysons Corner
25
Expansion
Fairfax
LOCATION
JOBS ADDED
NEW OR EXPANSION
Other
Expansion
93
Reston
COMPANY
Reston
30
New
Herndon
50
Expansion
Reston
21
Expansion
Briland (South Korea)
Capital Hospice
Center for Women’s Business Research
Cosam (South Korea)
Cvent, Inc.
DigitalMailer, Inc.
Dinona (South Korea)
Equinox Holdings, Inc.
Gee Nam Electronics, Ltd. (South Korea)
IZEN, Inc. (South Korea)
KnowledgeBank
MBO Partners, Inc.
Northstar Express
OCAS, Inc. (Norway)
PartnerMD
ReCom (South Korea)
Stanley, Inc.
TARGUSInfo
Triway International (China)
Virginia International University WorthPoint Corporation
Vienna
Fairfax
McLean
Vienna
Tysons Corner
Herndon
Vienna
Tysons Corner
Vienna
Vienna
McLean
Herndon
Falls Church
Vienna
McLean
Vienna
Alexandria
Tysons Corner
Falls Church
Fairfax
McLean
1
10
3
2
110
5
1
105
1
1
20
300
16
4
8
1
194
15
11
10
15
New
Expansion
New
New
Expansion
Expansion
New
New
New
New
Expansion
Expansion
Expansion
New
New
New
New
Expansion
New
Expansion
Expansion
Telecommunications
AT&T Government Solutions
Cernium
China Telecom (China)
Core180
CVG-AVTEC, Inc.
Global Telecom & Technology
Tata Communications (India)
Tysons Corner
Reston
Herndon
Merrifield
Chantilly
Tysons Corner
Herndon
177
10
4
20
31
16
10
Expansion
Expansion
Expansion
Expansion
Expansion
Expansion
Expansion
FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY  2008 ANNUAL REPORT 27
ABOU T THE F CEDA
The Fairfax County Economic Development Authority (FCEDA) promotes Fairfax County as a global business and
technology center. The FCEDA provides a wide array of free and confidential services and information to assist new,
expanding and relocating domestic and international companies and organizations. The FCEDA maintains offices in
six major commercial centers worldwide: San Francisco, Bangalore, Frankfurt, London, Seoul and Tel Aviv.
FCEDA services include:

providing current, comprehensive market information about Fairfax County, the Commonwealth of Virginia and
the Washington, D.C., area;

assisting businesses with start-up, relocation or expansion needs by identifying and showing county office or
industrial real estate options that best suit their requirements;

assisting companies to expand existing operations by providing information and answering inquiries about
county zoning, taxes and other issues critical to doing business;

acting as liaison between businesses and regulatory agencies; and

providing information for employees relocating to the county.
The FCEDA is an independent authority created under state law, operating under the direction of seven commissioners
appointed by the Fairfax County Board of Supervisors. Its activities are funded by the Fairfax County General Fund.
28 FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY  2008 ANNUAL REPORT
Fairfax County
Board of Supervisors
Sharon Bulova, Chairman
Penelope A. Gross, Vice Chairman
Mason District
John Cook
Braddock District
John W. Foust
Dranesville District
Michael R. Frey
Sully District
Pat Herrity
Springfield District
Catherine M. Hudgins
Hunter Mill District
Gerry W. Hyland
Mount Vernon District
Jeff McKay
Lee District
Linda Q. Smyth
Providence District
FCEDA Commissioners
FCEDA Senior Staff
Steven L. Davis, Chairman
Senior Executive, Exxon Mobil Corporation
Gerald L. Gordon, Ph.D.
President and CEO
Michael S. Horwatt, Vice Chairman
President, Law Office of Michael Horwatt P.C.
Robin Fenner
Vice President, Management
Ann Rodriguez, Secretary/Treasurer
President and CEO, Arts Council of Fairfax County, Inc.
Alan A. Fogg
Vice President, Communications
Ronald C. Johnson
Chairman and CEO, Ronson Network Services Corp.
Catherine Riley
Vice President, Marketing
Michael Lewis
President, Liberty Capitol LLC
Barbara Cohen
Director, Administration
Sudhakar Shenoy
Chairman and CEO, Information Management Consultants, Inc.
Anita Grazer
Director, National Marketing
William Soza, CPA
Chairman, Board of Directors, Security One Bank
Jan Mul
Director, International Marketing
Ivy Richards
Director, Market Research and Real Estate
Karen Smaw
Director, Small and Minority Business Development
Michelle Alvarado
Executive Assistant
Annual Report Production
Ellen S. Acconcia, Editor
Vicki Serraino, Graphic Designer
8300 Boone Boulevard | Suite 450 | Vienna, Virginia 22182-2633 USA
t: 703.790.0600 | f: 703.893.1269 | e: [email protected]
www.FairfaxCountyEDA.org
Offices in San Francisco, Bangalore, Frankfurt, London, Seoul and Tel Aviv