fairfax county economic development authority … · the fceda has three marketing...

FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY 2013 ANNUAL REPORT

“By 2050, Tysons will be transformed into a walkable, sustainable urban center that

will be home to up to 100,000 residents and 200,000 jobs. Tysons is envisioned to

become a 24-hour urban center where people live, work and play; where people are

engaged with their surroundings; and, where people want to be.”

—“Transforming Tysons,” Fairfax County government Web site

Thank you to the Dulles Corridor Metrorail Project, which provided all color images of Tysons Corner for this report. The black-and-white image on the cover is courtesy the Fairfax County Public Library Photographic Archive.

FA I R FA X C O U N T Y E C O N O M I C D E V E LO P M E N T A U T H O R I T Y 2 0 13 A NN UA L REP OR T 1

The Fairfax County Economic Development Authority (FCEDA) promotes Fairfax County as one of the world’s best business locations. The FCEDA provides a wide array of free, confidential services and information to assist new, expanding and relocating domestic and international companies and organizations. Located in Tysons Corner, Fairfax County’s largest business district, the FCEDA also maintains worldwide offices in seven major commercial centers: Bangalore, Boston, London, Los Angeles, Munich, 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;

• identifying county office space or site options for businesses with start-up, relocation or expansion needs;

• offering business development assistance and acting as a liaison between businesses and the county and state government agencies;

• assisting company expansion operations by providing information and an-swering inquiries about county zoning, taxes and other issues critical to doing business;

• providing information for employees relocating to the county.

The FCEDA has three marketing divisions—National, International and Business Diversity—that work with companies interested in opening or expanding opera-tions in Fairfax County. FCEDA market intelligence specialists generate extensive commercial real estate and business information about Fairfax County, and the FCEDA aggressively promotes the county through a communications program that includes advertising, media outreach, publications and a comprehensive Web site.

The FCEDA is an independent authority created by the Commonwealth of Virginia in 1964 and operated under the direction of a seven-member commission appointed by the Fairfax County Board of Supervisors. Activities are funded through the Fairfax County general fund.

OUR MISSION

2 FA I R FA X C O U N T Y E C O N O M I C D E V E LO P M E N T A U T H O R I T Y 2 0 13 A NN UA L REP OR T

Steven L. Davis, Chairman, Fairfax County Economic Development Authority Commission and President and CEO, DGSC Group

“Tysons Corner Transforming” is the theme of this year’s annual report. Little more than a country crossroads even in the early 1960s, Tysons Corner now is Fairfax County’s largest business district with 26 million square feet of office space (23 percent of all the office space in Fairfax County), six Fortune 500 company headquarters and two super-regional shopping malls.

With Metrorail’s 23-mile Silver Line approved for construction eventually to Washington Dull-es International Airport, Fairfax County leaders came to envision an even more dynamic future for Tysons Corner, a future featuring a vibrant mix of offices, residences, shopping opportunities and public spaces focused around four rail stations.

The stations in Tysons Corner (and one in Reston) are due to open in 2014. The first office and apartment towers around the stations are due to open this year too, and in 2012 and 2013 the Fairfax County Board of Supervisors ap-proved several large-scale mixed-use projects around each station. A total of 45 million square feet of development, including 26 million square feet of office space, has been approved in Tysons Corner.

The overall vision for Tysons Corner championed by the Board of Supervisors could take decades to build out. And while market conditions will determine the pace of change, this is the very definition of conscious, sound, long-term planning, and it again makes Fairfax County a leader in providing for the economic well-being of those who live and work here.

If you don’t live or work in Tysons Corner, why should you care what happens there? The new transportation options and the new opportunities for office, retail and residential space will make Tysons Corner—and the entire Silver Line corridor—even more desirable as a business location. That desirability will translate to location decisions by compa-nies that will take office space and create jobs. That, in turn, translates to a larger commercial tax base, which the Fairfax County Board of Supervisors uses to fund high-quality public services while minimizing the burden of the costs on residents throughout the county.

The transformation of Tysons Corner is another means to an even more resilient economic base to ensure that Fairfax County remains one of the best of the best places to work and live for decades to come.

CHAIRMAN’S MESSAGE


Gerald L. Gordon, Ph.D., President and CEO, Fairfax County Economic Development Authority

Sequestration, the partial government shutdown and related federal budget issues have caused the region’s employers to exercise great caution in considering and implement-ing hiring or expansion plans. A federal budget deal hammered out in December will make the cuts somewhat more predictable, but the budget controversies provide a reminder that no community can afford to be complacent about its economic devel-opment and diversity. This makes the FCEDA’s long-standing strategy of economic di-versification ever more important and the FCEDA’s achievements in 2013 all the more notable.

In 2013, the FCEDA worked with 195 businesses adding almost 7,500 jobs to the county economy. It speaks volumes about the value of a Fairfax County location to have nearly 200 companies making job announcements in the midst of a sluggish regional, national and international economy. These companies are taking advantage of our high-quality workforce, location near Washington, D.C., and the quality of life that includes one of the best public school systems anywhere.

More than 30 years ago, the Fairfax County Board of Supervisors charged the FCEDA with enlarging the com-mercial tax base, which enables the board to pay for public services for a growing and changing population while minimizing the burden of the expenses of those services on residents.

The FCEDA’s continued focus on an expanded, diversified and sustainable economic base will be a key to minimizing the effect that any single area of the economy has on jobs and the commercial tax base—and to sustaining our quality of life.

The focus of this year’s report, ”Tysons Corner Transforming,” illustrates how the tax base will be expanded by the development of Tysons Corner into a more urban community. Just as Fairfax County is the economic engine of the Washington area and the Commonwealth of Virginia, so is Tysons Corner the largest economic engine of Fairfax County. Its evolution into an even more attractive area for businesses and residents—spurred by the arrival of Metro’s Silver Line—will enable the Board of Supervisors to provide even greater levels of service throughout the rest of the county. In short, Tysons Corner is to Fairfax County as Fairfax County is to Virginia.

PRESIDENT’S MESSAGE

V IE W F ROM T H E MCL E A N ME T RO S TAT ION ( P H OTO C O U R T E S Y D U L L E S C O R R I D O R M E T R O R A I L P R O J E C T )

MAKING AN IMPACT


In 2013, the FCEDA worked with 195 businesses adding 7,490 jobs to the Fairfax County economy. Companies in the professional services and information technology sectors dominated the year’s announcements. Not only are these companies creating jobs, they are building the commercial tax base that the Fairfax County Board of Supervisors uses to fund high-quality public services that are essential for the quality of life we enjoy.

Of the companies that worked with the FCEDA in 2013, 136 are U.S.-based businesses. One of the most promi-nent announcements during the year came from Amazon Web Services, Inc. (AWS), an Amazon.com company. AWS expanded operations in the town of Herndon, bringing 500 jobs to support IT engineering and services for commercial and government customers.

Another high-profile announcement came from Cvent, an event management software firm that will relocate and expand its headquarters operation within Tysons Corner, creating 400 new jobs and retaining 451 jobs.

Other announcements in 2013:

• Salient Federal Solutions, which provides information technology and engineering services, adding 530 jobs;

• wireless security system provider FrontPoint Security Solutions, adding 170 jobs;

• Aerotek, a recruiting and staffing firm, adding 127 jobs; and,

• Internet research outfit comScore, adding 75 jobs.

Twenty-four companies owned by women, minorities or veterans are among the U.S.-based announcements. They include:

• TCoombs & Associates, LLC, a technology services provider, adding 100 jobs;

• professional services and IT firm, Ampcus, adding 96 jobs; and,

• OBXtek, Inc., which provides IT engineering and support services, adding 65 jobs.

Thirty-five companies with foreign headquarters or roots announced expansions in 2013, including:

• IT services firm Dimension Data (Japan), adding 85 jobs;

• Tatum (Netherlands), a professional services firm, adding 30 jobs; and,

• management consultant Capgemini Government Solutions (France), adding 20 jobs.

MAKING AN IMPACT


COMPANY LOCATION JOBSAdams Communication & Engineering Technology, Inc. Reston 50AdJuggler Alexandria 8Aerotek Fairfax 127AFrame Digital Inc. Reston 7Agile Defense, Inc. Fairfax 25Altruista Health Reston 12Amazon Web Services, Inc. Herndon 500American Technology Services, Inc. Fairfax 20Ampcus Inc. Chantilly 96Appian Corporation Reston 90Ascom Network Testing (Switzerland) Reston 15Augaroo Reston 5Berenzweig Leonard Tysons Corner 5BizDevUS, LLC (Israel) Reston 2Blackbag Technologies, Inc. Herndon 6BlueAlly (India) Tysons Corner 30Booksfree.com, Inc. Tysons Corner 2BTRG Chantilly 7The Buller Group, LLC Reston 100Burdette Smith & Bish LLC Fairfax 6CACI International Inc Chantilly 400Capgemini Government Solutions (France) Reston 20Capital Search Group, LLC Tysons Corner 2Carahsoft Technology Corp. Reston 115Centurion Research Solutions Chantilly 10China Unicom Americas Ltd. (China) Herndon 4Clarabridge Reston 88Clayton & McKervey, P.C. Tysons Corner 2CMC Limited (India) Reston 10Colliers International Tysons Corner 10Command Security Corporation Herndon 30Commtouch Inc. (Israel) Tysons Corner 10Comter Systems Fairfax 15comScore, Inc. Reston 75Continuum International, Inc. Reston 1Cvent, Inc. Tysons Corner 400Digicon Corporation Herndon 84The Digital Government Institute, LLC Tysons Corner 1

Jobs created by companies already present in Fairfax County appear in blue. Jobs with companies that are new to the county appear in orange.

COMPANY LOCATION JOBSDigitalMailer, Inc. Herndon 4Digital Operatives LLC Dunn Loring 5Dimension Data (Japan) Centreville 85DLT Solutions Herndon 22Dominion Business Solutions Reston 20Edward Jones McLean 30El-Far Electronics Systems (Israel) Tysons Corner 1eKuber Ventures Inc. Herndon 25ETL Systems Ltd (U.K.) Herndon 3Evergreen Advisors LLC Tysons Corner 3Executive Mosaic Tysons Corner 4Executive Office Suites, Inc. Tysons Corner 2Exostar LLC Herndon 25First Line Technology, LLC Chantilly 2FoundationDB Tysons Corner 8FrontPoint Security Solutions Tysons Corner 179Gilat Satellite Networks (Israel) Tysons Corner 3Glanz.tv Tysons Corner 5H.C. Park & Associates, PLC (Korea) Tysons Corner 6HCL Technologies Limited (India) Tysons Corner 6Headstrong (India) Reston 12Hilltop Advisors, LLC Tysons Corner 20ID.me, Inc. (formerly TroopID) Tysons Corner 4iDirect Government Technologies Inc. (Singapore) Herndon 9IMT Holdings, Corp. Reston 4Infinity Consulting Solutions Tysons Corner 4Information Management Group, Inc. Fairfax 15Intellifed Corporation Chantilly 3Intellinote, Inc. Reston 10Intergraph Government Solutions (Sweden) Reston 2Internet Society Reston 12Iridium Communications Inc. Tysons Corner 5IQ Business Group Tysons Corner 28John Marshall Bank Reston 9Kaztronix, LLC. Tysons Corner 3Lafayette Federal Credit Union McLean 4LastPass Fairfax 10

2013 SELECTED JOB EXPANSIONS AND RELOCATIONS


COMPANY LOCATION JOBSLGS Innovations (France) Herndon 15LinkSpace, LLC Tysons Corner 1MainStreet Bank McLean 11Management Analysis, Incorporated Tysons Corner 2Mandiant Corporation Reston 80MarCom Group Fairfax 1Matt Martin Real Estate Management LLC Tysons Corner 39MAXIMUS Reston 50Mellanox Technologies Herndon 10Millennium Weavers, LLC (Saudi Arabia) Tysons Corner 1Mirixa Corporation Reston 10Modern Image Tysons Corner 10Modern Technology Solutions, Inc. Alexandria 29Modus Create Reston 13mPortal, Inc. Tysons Corner 12National American University Tysons Corner 15Navigant Consulting, Inc. Tysons Corner 50NetEx Inc. Vienna 4NewCoIT Reston 10Newgen Software Technologies Limited (India) McLean 15Nexius Solutions, Inc. Reston 25NextXAP, Inc. Herndon 30NTConnections Tysons Corner 5OBXtek, Inc. Tysons Corner 65Oceus Networks Reston 6Optimos Incorporated Reston 13Opithia, Inc. Tysons Corner 5Organizational Communications, Inc. Reston 2Patton Boggs LLP Tysons Corner 78Pilot Freight Services Herndon 5Pleasant Valley Business Solutions, LLC Reston 5Privia LLC Herndon 2Pro-Line Embroidery Springfield 1Product Savvy Consulting (Israel) Tysons Corner 2RCG, Inc. Herndon 15Resonate Networks, Inc Reston 48RightStar Inc. Tysons Corner 2ROCS, Inc. Herndon 30

COMPANY LOCATION JOBSSalient Federal Solutions, Inc. Fairfax 530Scality, Inc. Reston 7ServiceSource Alexandria 115ServRight Alexandria 35Sevatec, Inc. Fairfax 86Shared Spectrum Company Tysons Corner 5Skyline Software Systems Inc. (Israel) Herndon 4SoftConcept, Inc. Fairfax 7Spear, Inc. Tysons Corner 13Stephen James Associates Fairfax 15Sterling Atlantic Law Group Reston 12Strategic Operational Solutions, Inc. Tysons Corner 70Sunset Learning Institute, Inc. Reston 3Surefire Social Herndon 10Syscom Technologies, Inc. Chantilly 30Tatum (Netherlands) Tysons Corner 30Tatusko Kennedy, PC Fairfax 1TCoombs & Associates, LLC Springfield 100TEOCO Corporation Fairfax 20The Shopping Center Group Springfield 1Trace Systems Tysons Corner 5TriVision Studios Chantilly 10Tuomey Turfgrass Consulting Alexandria 2UAS Technologies (Israel) Tysons Corner 5UberOffices LLC Tysons Corner 7Unissant, Inc. Reston 20University of Fairfax Tysons Corner 2VBrick Systems Herndon 10Virginia Home Care Services, Inc. Tysons Corner 25Virid Reston 6WashingtonFirst Bank Reston 28WIPS Co., Ltd. (Korea) Tysons Corner 4XO Communications, LLC. Herndon 37Yang Mythos USA, Inc. (China) Vienna 6Zantech IT Services, Inc. Tysons Corner 25Zerion Software, Inc. Herndon 4

Jobs created by companies already present in Fairfax County appear in blue. Jobs with companies that are new to the county appear in orange.

2013 SELECTED JOB EXPANSIONS AND RELOCATIONS

SP RING H IL L ME T RO S TAT ION ( P H OTO C O U R T E S Y D U L L E S C O R R I D O R M E T R O R A I L P R O J E C T )

TYSONS IN TRANSITION


Cranes and new buildings dot the Tysons Corner landscape, the early manifestation of Fairfax County’s plan to transform the nation’s best-known “edge city”—and the county’s largest commercial district—into a walkable urban center that is full of life 24 hours a day and an even more important economic development asset.

The first phase of Metro’s Silver Line is expected to open this year. A decision to include four stops in Tysons Corner (and the Wiehle-Reston East Station) led the Fairfax County Board of Supervisors to envision the transformation of the business and shopping district by approving significant amounts of mixed-use development—office, hotel, retail, residential and public space—within a one-quarter mile radius of each station. Projects that are under construction or have received approval from the Board of Supervisors include:

• McLean Station: A new office building for MITRE is under construction, and demolition has begun for two six-story apartment buildings in the mixed-use Cityline Partners project called Scotts Run South. The county approved a mixed-use project by Capital One Bank and a residential project from LCOR called The Commons.

• Tysons Corner Station: The 22-story Tysons Tower office building (which includes the North American head-quarters of satellite services provider Intelsat and offices of consultant Deloitte), 30-story Vita apartment build-ing and 17-story Hyatt Regency Hotel, all part of the first phase of the Macerich Company expansion of Tysons Corner Center, are expected to open this year. The 11-story Tysons Overlook office building from MRP Realty, which includes the headquarters of management consultant LMI, is expected to open this year. Lerner Enter-prises broke ground on its latest Tysons II office building. Demolition is underway for Cityline Partners’ Arbor Row mixed-use project and construction has started on a 20-story apartment building there.

• Greensboro Station: The 19-story Ovation at Park Crest apartment building owned by Northwestern Mutual opened this year. The county approved a mixed-use Tysons Central project by NV Commercial and Clyde’s Real Estate Group. The county approved Greensboro Park Place, two high-rise apartment buildings (up to 22 and 26 stories) from Beacon Capital.

• Spring Hill Station: Portions of the Tysons West mixed-use development from The JBG Companies opened in 2013. The 26-story Ascent at Spring Hill Station apartment building, part of the mixed-use Spring Hill Station development by The Georgelas Group and Greystar, is expected to open this year.

Additional development proposals are being reviewed, and the county’s goal of having 200,000 persons working there by 2050 (up from 105,000 now) and 100,000 residents (up from 17,000 now) by 2050 is well on its way to being achieved. County planners are implementing the Tysons Corner comprehensive plan for development, transporta-tion and open spaces with the help of the Tysons Partnership, a coalition of landowners, developers and citizens that also is working to create an improved sense of place for residents, workers and visitors.

As Tysons Corner evolves, it will be even more attractive to businesses, employees and residents, and the area will contribute even more revenue to the tax base that the Board of Supervisors uses to fund high-quality public services.

TYSONS IN TRANSITION

SPRING HILL STATION DEVELOPMENT (RENDERING COURTESY THE GEORGELAS GROUP)

T YSONS CENTR AL DEVELOPMENT ( RENDER ING COURTESY N V COMMERC I A L )

TYSONS CORNER TRANSFORMING: THE SILVER LINE

M A P C O U R T E S Y C U S H M A N & WA K E F I E L D O F V I R G I N I A , I N C .

SCOTTS RUN STATION DEVELOPMENT (RENDERING COURTESY CITYLINE PARTNERS)

TYSONS CORNER CENTER DEVELOPMENT ( RENDERING COURTESY MACERICH )

TYSONS CORNER TRANSFORMING: THE SILVER LINE

C O N S T RU C T IO N AT T HE T YS ON S C ORNER ME T RO S TAT ION ( P H OTO C O U R T E S Y D U L L E S C O R R I D O R M E T R O R A I L P R O J E C T )

EVENTS AND ACTIVITIES


The FCEDA highlights Fairfax County through local, national and international events, activities and sponsorships. In 2013, the FCEDA:

• opened an office in Boston to work with New England firms considering expansion and business opportunities in the Washington, D.C., area.

• organized a roundtable event in Kaiserslautern, Germany, discussing business opportunities in Fairfax County.

• presented “Business Opportunities in the U.S.: 2013 Trends” in Bangalore.

• hosted a business networking dinner with McGuireWoods LLP in London.

• visited Gwangju Technopark, Korea, and participated in the “U.S. Government Procurement Market” seminar.

• sponsored “Strategies for U.S. Market Entry: Opportunities for German ICT Companies” in Berlin.

• continued the “Marketing Communications Essentials” workshop series.

• presented the “U.S. Market-Entry Strategies for Aerospace Companies” seminar in Munich.

• hosted, with U.K. Trade & Investment, a delegation of British companies involved in cybersecurity technologies.

• organized a seminar in Seoul with the Korea Chamber of Commerce & Industry and the Association of American State Offices in Korea.

• continued “Procurement Academy” workshops to help businesses seeking to expand in the government marketplace.

• partnered with SCORE, a nonprofit association that educates entrepreneurs, to provide business counseling at FCEDA headquarters.

• organized, with U.K. Trade & Investment, the “Environmental Homeland Security Conference: Opportunities in the U.S.” seminar in London.

• sponsored the “Strategies for U.S. East Coast Market Entry” seminar in Munich.

• continued the “Entrepreneurship 101: Starting a Business in Fairfax County” workshops.

• hosted a delegation of 11 Israeli companies interested in cybersecurity business opportunities in the U.S.

• sponsored Xconomy’s “D2: The Future of Data and Devices” conference in Boston.

• organized the signing of a memorandum of understanding for the Virginia Hispanic Chamber of Commerce, the Asian American Chamber of Commerce and the Northern Virginia Black Chamber of Commerce to collaborate on programming and events.

EVENTS AND ACTIVITIES

G R E E N SBO RO ME T RO S TAT ION AT N IG H T ( P H OTO C O U R T E S Y D U L L E S C O R R I D O R M E T R O R A I L P R O J E C T )

ACCOLADES & HONORS


HISPANIC BUSINESS 500Ten Fairfax County companies are on Hispanic Business.com’s 2013 list of the 500 largest Hispanic-owned businesses in the nation.

28 MicroTech 99 GeoLogics Corporation112 COmputing TechnologieS, Inc.122 SCI Consulting Services, Inc.131 Priority One Services, Inc.143 KEMRON165 Citizant228 CRI296 NMR Consulting422 Engineering, Management & Integration, Inc.

WASHINGTON BUSINESS JOURNAL FAST 50

Twenty-eight Fairfax County firms made the Washington Business Journal’s 2013 list of the 50 fastest-growing companies in the Washington area.

1 OBXtek Inc. 4 National Corporate Housing 5 Innotion Enterprises, Inc. 6 Zantech IT Services, Inc. 8 C2 Solutions Group, Inc. 9 VetsAmerica Business Consulting, Inc. 11 ALEX-Alternative Experts, LLC 12 Kingfisher Systems, Inc. 13 Zenetex, LLC 14 NextPoint Group LLC 20 ThunderCat Technology 21 Xcelerate Solutions 22 XLA 23 Three Wire Systems 26 Emagine IT, Inc. 27 Celcite Management Solutions 28 U.S. Information Technologies Corporaton 29 K12 Inc.30 CFN Services 31 Navstar, Inc.33 MetroStar Systems 36 Agilex 37 Carahsoft Technology Corp. 40 Bowman Consulting 41 HireStrategy 43 Sevatec, Inc. 45 immixGroup Inc. 46 A-T Solutions

VIRGINIA CHAMBER OF COMMERCE FANTASTIC 50Twenty-five Fairfax County firms made the Virginia Chamber of Commerce’s 2013 list of the 50 fast-est-growing companies headquartered in Virginia.

1 Integrity Management Consulting, Inc. 3 Veris Group, LLC 6 3Pillar Global 7 Kore Federal13 Octo Consulting Group14 First Virginia Community Bank17 XLA18 Agilex19 Three Wire Systems20 RFID Global Solution, Inc.22 Zantech IT Services, Inc.24 C2 Solutions Group, Inc.26 Knowledge Link27 Technatomy Corporation28 Data Networks Corporation29 ConceptSolutions30 Eagle Ray Inc.33 MetroStar Systems34 Kinsey Technical Services35 TeraThink Coproration38 Cetrom Information Technology, Inc.42 National Corporate Housing43 Trusted Mission Solutions Inc.46 Search Technologies Corp.47 U.S. Information Technologies Corporation

WOMEN PRESIDENTS’ ORGANIZATIONTwo Fairfax County firms made the Women Presidents’ Organization’s 2013 list of the 50-fastest growing woman-led companies.

9 Lanmark Technology36 Ampcus Corporation

FORTUNE 500 Ten Fairfax County firms are on the 2013 Fortune 500 list of the largest companies in the U.S.

31 Freddie Mac 98 General Dynamics120 Northrop Grumman127 Capital One Financial176 CSC176 SAIC421 NII Holdings, Inc.436 Booz Allen Holding453 Exelis467 Gannett Co., Inc.

BLACK ENTERPRISE 100Four Fairfax County firms made Black Enter-prise magazine’s 2013 list of the 100 largest African-American-owned companies in the U.S.

7 Thompson Hospitality47 SoBran, Inc.61 Metters Incorporated90 InScope International

Many Fairfax County companies annually appear on prestigious regional and national listings that spotlight large and fast-growing businesses. The following lists celebrate the transformational range of Fairfax County’s vibrant community and economy.

ACCOLADES & HONORS


FAIRFAX COUNTY IS HOME TO MORE THAN 400 FOREIGN-

OWNED FIRMS FROM 45 COUNTRIES—MORE THAN

ANY OTHER JURISDICTION IN THE WASHINGTON, D.C., AREA.

$321.2 MIn 2013, the venture-capital and private-equity community invested $321.2 million in 30 deals

with Fairfax County companies.

6,700+TECHNOLOGY ESTABLISHMENTS—

WHICH DIRECTLY EMPLOY MORE THAN 144,000 PEOPLE—LOCATED

IN FAIRFAX COUNTY

307TRADE ASSOCIATIONS IN FAIRFAX COUNTY IN 2013

BUSINESS ESTABLISHMENTS BY INDUSTRY SECTOR (FIRST HALF OF 2013)

● Professional, scientific and technical services 29%● Other services (except public administration) 14%● Health care and social assistance 10%● Retail trade 8%● Construction 7%● Accommodation and food services 6%● Administrative and support/waste management 6%● Finance and insurance 5%● Real estate, rental and leasing 4%● Wholesale trade 4%● Information 2%● Educational services 2%● Manufacturing 1%● Transportation and warehousing 1%● Arts, entertainment and recreation 1%

2013 MILESTONES

7,490IN 2013, THE FCEDA WORKED WITH

195 COMPANIES, ADDING ALMOST 7,500 JOBS TO FAIRFAX COUNTY’S ECONOMY.

24MINORITY-OWNED COMPANIES THAT LOCATED

OR EXPANDED HERE IN 2013


AAA/AAAFairfax County’s Bond Rating

(ONLY 39 OF THE 3,069 U.S. COUNTIES HAVE THE HIGHEST “TRIPLE A” BOND RATING FROM MOODY’S INVESTORS SERVICE, STANDARD

AND POOR’S CORPORATION AND FITCH INVESTORS SERVICE)

3.6%FAIRFAX COUNTY’S

UNEMPLOYMENT RATE AT THE END OF 2013

(U.S. RATE: 6.7%)

At mid-year 2013, Fairfax County

had 591,461 payroll jobs and 34,286 payroll business establishments.

IN 2013, BUSINESSES LEASED 11.7 MILLION SQUARE FEET OF OFFICE SPACE IN FAIRFAX COUNTY.

COMMERCIAL REAL ESTATE: COUNTYWIDE INVENTORY (YEAREND 2013)

Office space 114.8 million sq. ft.Office vacancy rate* 17.1%Industrial/flex space 38.9 million sq. ft.Industrial/flex vacancy rate* 13.4%

*Vacancy rates include sublet space

OFFICE SPACE TRENDS 1980-2013 (SQUARE FOOTAGE AND VACANCY RATES)

Millions of Square Feet

VacancyRate (%)

Direct vacancy rateIncluding sublet space (figures available for 2001–2012 only)

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

1201101009080706050403020100 0

5

10

15

20

25

2013 MILESTONES


The Virginia Israel Advisory BoardThe Virginia Israel Advisory BoardOffice of the Governor, Commonwealth of Virginia

The FCEDA is pleased to host these partner organizations at FCEDA headquarters in Tysons Corner as we work together to expand relationships with business communities locally and worldwide.

OUR PARTNERS & ALLIES


AFCEA InternationalAmerican German Business Club, Munich Chapter (Germany) American Small Business Coalition Angel Venture Forum Annandale Chamber of Commerce Arts Council of Fairfax County Association for Corporate Growth Association of State Offices in Korea Bangalore Chamber of Industry & Commerce (India)bavAIRia e.V. (Germany) Bavarian Ministry of Economics, Infrastructure and Commerce (Germany) Bayern International (Germany) BICCnet (Bavarian Cluster for Information and Communication Technology, Germany) Bio-M Martinsried (Germany) BritishAmerican Business (U.K.)British-American Business AssociationCambridge Wireless (U.K.) Center for Innovative Technology Central Fairfax Chamber of CommerceChina General Chamber of Commerce – USA City of Kaiserslautern (Germany)Committee for Dulles Community Business Partnership Community Foundation for Northern Virginia Confederation of Indian IndustryCoreNet GlobalDulles Area Transportation AssociationDulles Corridor Rail Association Dulles Regional Chamber of Commerce Fairfax County Chamber of CommerceFairfax County Public SchoolsFairfax County Small Business Commission Falls Church Chamber of Commerce Forum MedTech Pharma e.V. (Germany)

Foundation for Fairfax County Public SchoolsFrench-American Chamber of Commerce George Mason University Greater McLean Chamber of CommerceGreater Merrifield Business Association Greater Reston Chamber of Commerce Greater Springfield Chamber of Commerce Greater Washington Board of Trade Healthcare Technology Network (Health Tech Net)Indo-American Chamber of Commerce (India) International City/County Management AssociationInternational Economic Development Council Israel Advanced Technology Industries Israel-America Chamber of Commerce Israel Export & International Cooperation Institute Korea Association of Information and Technology Korea Business Center Korea Chamber of Commerce & Industry Korea International Trade Association Korea Internet & Security Agency Korea Small Business Corporation Korea Software Industry Association Korea Trade-Investment Promotion AgencyKorea Venture Business Association Latvian Chamber of Commerce in the Americas Leadership Fairfax, Inc.Malaysian U.S. Chamber of CommerceMetropolitan Washington Council of GovernmentsMid-Atlantic Hispanic Chamber of Commerce Mid-Atlantic Venture Association Mount Vernon-Lee Chamber of Commerce Munich Network (Germany)NAIOP (Commercial Real Estate Development Association) National Association of Women Business Owners New Zealand Trade and Enterprise Northern Ireland Bureau Northern Virginia Black Chamber of Commerce

Northern Virginia Community College Northern Virginia Life Sciences Communities Northern Virginia Technology Council Potomac Tech WireSCORE SelectUSA SIBB e.V. (Software Institute Berlin-Brandenburg, Germany) Small and Emerging Contractor Advisory Forum Southeast Fairfax Development Corporation Success in the City Swedish-American Chamber of Commerce of the USA TeqcornerThe HUBTiE DCTysons PartnershipTysonsRegional Chamber of CommerceTysons Transportation Association (TYTRAN) University of Virginia, Darden School of BusinessU.K. Trade & Investment U.S. Commercial Service, Department of Commerce U.S. Small Business Administration Virginia Asian Chamber of Commerce Virginia Biotechnology Association Virginia Chamber of Commerce Virginia Department of Business Assistance Virginia Economic Developers AssociationVirginia Minority Supplier Development Council WAVE (Women as Veteran Entrepreneurs) Welsh Government – Department for BETS (Business, Enterprise, Technology & Science) Women In Bio Women in Commercial Real Estate Women in Technology Women Presidents’ Educational Organization Women Veteran Entrepreneur Corps (WVEC) Women’s Business Center of Northern VirginiaXconomy Boston

In 2013, the FCEDA worked closely with many agencies of the Fairfax County Government and Fairfax County Public Schools to build and maintain a dynamic business community and economy. In addition, the FCEDA worked with local and international allies to build awareness of Fairfax County as one of the world’s best business locations.

OUR PARTNERS & ALLIES

FAIRFAX COUNTY BOARD OF SUPERVISORS

Sharon Bulova, Chairman

Penelope A. Gross, Vice ChairmanMason District

John C. CookBraddock District

John W. FoustDranesville District

Michael R. FreySully District

Pat HerritySpringfield District

Catherine M. HudginsHunter Mill District

Gerald W. HylandMount Vernon District

Jeff C. McKayLee District

Linda Q. SmythProvidence District

FCEDA COMMISSION

Steven L. Davis, ChairmanPresident and CEO DGSC Group

Michael J. Lewis, Vice Chairman and TreasurerPresidentBeamSmart, Inc.

Ronald C. Johnson, HL.D, SecretaryFounder and Managing DirectorSolutions4Change, LLC

Catherine Lange, Assistant SecretaryFounder, President and CEO BusinessWorks of America, Inc.

Mark LowhamPrincipal and Managing Partner TTR/Sotheby’s International Realty

Arthur E. (Bud) Morrissette IVGroup PresidentInterstate Relocation Services and Interstate International

Sudhakar ShenoyChairman and CEOInformation Management Consultants, Inc.

FCEDA SENIOR STAFF Gerald L. Gordon, Ph.D.President and CEO

Robin FennerVice President, Management

Alan A. FoggVice President, Communications and Research

Catherine W. RileyVice President, Marketing

Barbara CohenDirector, Administration

Curtis W. HoffmanDirector, Real Estate Services

Donna HurwittDirector, Market Intelligence

Rodney LuskDirector, National Marketing

Jan MulDirector, International Marketing

Karen SmawDirector, Business Diversity

Cheryl MartelliExecutive Assistant

ANNUAL REPORT PRODUCTION

Katie Cosgrove, Editor

Vicki Leilani Reeve, Graphic Designer

HEADQUARTERS8300 Boone Boulevard, Suite 450, Tysons Corner, Virginia 22182 USA

Phone: 703-790-0600; E-mail: [email protected]

BANGALORE Rajesh Pai V and Satish Naidu, 3rd Floor, Raj Alkaa Park, Kalena Agrahara Bannerghatta Road, Bangalore, 560 076

Phone: +91 80 4040 9999; E-mail: [email protected]

BOSTON Patrick Bench and Ted Carr, 70 Franklin Street, 3rd Floor, Boston, Massachusetts 02110


LONDON Ross Clarke, 75 Brook Street, Mayfair, London W1K 4AD United Kingdom

Phone: +44 (0)20 7930 5590; E-mail: [email protected]

LOS ANGELES Mark White and Molly Watts, 369 San Miguel Drive, Suite 265, Newport Beach, California 92660


MUNICH Joachim Schropp, Carl-Oelemann-Weg 30, D-61231 Bad Nauheim, Germany

Phone:+49 (0)89 273 493 46; E-mail: [email protected]

SEOUL Charles Kim, Garden5 Works A-618, 289 Munjeong-dong, Songpa-gu, Seoul 138-200 Korea

Phone: + 82 2-774-0601; E-Mail: [email protected]

TEL AVIV Yair Ephrati, 23 Yehuda Halevi Street, 27th floor, Tel Aviv, Israel 65136

Phone: +972 3 622 3381; E-mail: [email protected]

www.fairfaxcountyeda.org

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