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: info@fceda.org www.FairfaxCountyEDA.org Offices in San Francisco, Bangalore, Frankfurt, London, Seoul and Tel Aviv