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FOR IMMEDIATE RELEASE
Alan Fogg,
Director of Communications
afogg@fceda.org, 703-790-0600
Fairfax County companies create 1,796 jobs in January and February, FCEDA says
BAE Systems brings in 1,000 jobs; firms from Korea, Israel, India and Canada also locate here
Fairfax County, Virginia March 26, 2002 — Nearly 1,800 jobs—most in information technology fields—were or will be added to the Fairfax County economy by 23 companies that worked with the Fairfax County Economic Development Authority in January and February, according to the FCEDA.
Defense contractor BAE SYSTEMS North America announced in January that it would add 1,000 jobs. Other companies creating jobs include defense contractors, and a real estate company that uses global positioning system technology to help customers find homes for sale, four Korea-based companies and one each from Israel, India and Canada, and two law firms.
Typically, every new job in the primary economy spins off about two to three jobs in the secondary economy. Business growth in Fairfax County has helped fund one of the nation's top-rated public school systems and excellent public services. Technology-sector jobs also typically pay higher-than-average salaries. That is why Fairfax County had the nation’s highest median household income in 2001, according to the Claritas market research firm.
Fairfax County offers a state-of-the-art telecommunications infrastructure, access to domestic and international markets through Washington Dulles International Airport, a well-educated workforce and an excellent quality of life.
"The employee base in Fairfax County is ideal and its central location provides access to a tremendous talent pool from around the area,"said Don Brewster, president of Innovative Technology Applications Inc., which develops training software used by the Defense Department.
"Fairfax is a growing county, which makes it a good real estate market, and its educated and progressive population make it more likely to support our unique approach to real estate," said Mike Gorman, president and CEO of Corus Home Realty. Gorman is a former America Online executive whose company is pioneering the use of GPS technology for real estate sales.
"The diversified Fairfax County economic base has given it significant stability," said Gerald L. Gordon, president and CEO of the FCEDA. "As growth in one sector slowed, other sectors have grown. This means recessions here start later, hurt less and end sooner."
The Fairfax County Economic Development Authority (www.FairfaxCountyEDA.org) assists businesses by identifying possible sites and facilities, and is a source for up-to-date demographic and economic statistics. The FCEDA also has marketing representatives in London, Frankfurt and Tokyo.
Relocations and expansions in January and February include:
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