Doing Business in Fairfax County Fairfax County, Virginia, USA, the Technology Hub at the East Coast as an Entry Point November 2011 Jan E. Mul jmul@fceda.org Director, International Marketing FCEDA
Fairfax County, Fai Virginia, U.S.A.
Fairfax County Facts Total Area... 1,023 square kilometers 395 square miles Park Land... 416 park facilities 22,500 acres Population (2010)... 1,081,726 Number of jobs (4Q2010)... 584,072 Office space (yearend 2010)... 113.2 million square feet Corporate base (4Q2010)... 33,867 payroll establishments Technology companies (2010)... 6,572 Foreign-owned firms (2011)... 376 Bond rating... AAA (applies to only 8 states; 37 counties) (Sources: Standard & Poor s, Moody s, and Fitch; Virginia Employment Commission; US Census Bureau; FCEDA)
Location 60% of the U.S. population is within a day s drive or a two-hour flight of Fairfax County The combined Washington- Baltimore-northern Virginia area is the nation s 4th largest market, with a population of more than 8.4 million Chicago, IL St. Louis, MO 600 m 900 m 300 m Charlotte, NC
Fairfax County A Robust Technology Sector Nearly 6,600 technology establishments in Fairfax County directly employ more than 144,000 people Tech corridor between Washington, D.C. & Dulles Airport The technology sector accounts for more than one in four jobs countywide
Key Sectors in Fairfax County Information Technology Aerospace Defense/Government New Media Network Security Satellite Communications Systems Integration Telecommunications Wireless Green Technologies
Recent Headquarters Relocations
Largest Fairfax County Employers Sources: Fairfax County Economic Development Authority, Dun & Bradstreet
Foreign-owned Firms (376)
Trends, technologies and applications Network/cyber security (e.g. consulting, risk analysis, firewalls, virus protection, e- commerce security, biometrics etc) Cloud computing; WiMax/LTE / 4G; Web 2.0 Mobile apps Geospatial and imaging applications Clean/green technologies
ICT Corporate Trends / M&A Foreign-owned communications firms in Fairfax County include: BT, China Telecom, Ericsson, Orange Business Services/FT, DT/T- Mobile, TATA Communications, TeliaSonera, Huawei, China Unicom Mergers and acquisitions Cisco announced the $3 billion acquisition of Tandberg (Norway) (2009) QinetiQ-NA, Serco and Cobham (UK) made multiple acquisitions in 2008-2010 Software AG (Germany) acquired Terracotta (2011) Software AG (Germany) acquired Metismo Ltd. (2011) Wipro Technologies (India) buys SAIC Oil and Gas IT (2011) Genpact (India) buys Headstrong (2011) Schneider-Electric (France) buys Lee Technologies (2011)
Getting Started in the United States Resources are available Fairfax County Economic Development Authority office space support for PR/marketing visibility market information employees ombudsman role with the county All services are free and confidential! Worldwide Offices: Bangalore Munich London Los Angeles Seoul Tel Aviv
Commercial Real Estate Fairfax County is the second largest suburban office market in the U.S., the largest suburban office market in the Washington metropolitan area and the largest office market in Virginia (Nearly 113.2 million square feet of office space) More than 27 executive office suites are located in the County
County Demographic Characteristics Measure Fairfax County United States Residents age 25+ with College degree (2009) 58.2% 27.9% Unemployment (2Q2011) 4.3% 9.0% Foreign Born Population (2009) 27.6% 12.4% Technology jobs as a % of total (2009) 24.6% 7.8% Median household income (2009) $102.5K $51.4K Source: U.S. Census Bureau, 2009 American Community Survey; Virginia Employment Commission
Education Fairfax County Public School System 11th largest in U.S. (2010-2011): 175,296 students in 196 schools/centers Nationally recognized for excellence Higher Education 65+ colleges and universities in greater Washington George Mason University s Fairfax campus: 32,000+ students, 195 programs of study University of Virginia and Virginia Tech: Northern VA Center, joint undergrad/grad campus
Washington Dulles International Airport Adjacent to Fairfax County, 21 miles from Washington, D.C., 12 miles from Tysons Corner Served nearly 24 million people in 2010, including more than 6 million international passengers Nonstop service to 82 domestic and 48 international locations A $3.4 billion capital expansion program is in its 10th year; new air traffic control tower, runway and underground rail system are operational Two other airports serve greater Washington: Baltimore-Washington International Thurgood Marshall Airport Ronald Reagan Washington National Airport
Associations and Partnerships Northern Virginia Technology Council www.nvtc.org (Local) Chambers of commerce TelecomHUB www.telecomhub.org Center of Innovative Technology www.cit.org Virginia Economic Development Partnership (VEDP) www.yesvirginia.org WITSA / TechAmerica www.witsa.org
Quality of Life
Five Golden Rules Take your time / prepare yourself Become well-informed about your preferred US location Arrange legal, banking and accounting requirements in advance Identify suitable office space Leverage the resources and guidance that economic development entities can offer
Fairfax County Economic Development Authority 8300 Boone Boulevard - Suite 450 Tysons Corner, VA 22182 jmul@fceda.org 703-790-0600 Overseas Offices: Bangalore, London, Munich, Seoul and Tel Aviv