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For Immediate Release
Contact: Alan Fogg, Director of Communications
afogg@fceda.org, 703-790-0600 (o) or 571-213-5065 (m)
Fairfax County EDA assists 27 companies
that will create 1,626 jobs
Job creation sparking nation’s hottest regional economy
Fairfax County, Virginia, July 30, 2004 — More than 1,600 jobs—many in information technology fields—were or will be added to the Fairfax County economy by 27 companies that worked with the Fairfax County Economic Development Authority (FCEDA) during April, May and June. The jobs being created by these companies are an example of the job growth that is making northern Virginia the hottest regional economy in the country, according to the U.S. Bureau of Labor Statistics.
The Bureau of Labor Statistics announced July 28 that the northern Virginia economy added 37,400 jobs between June 2003 and June 2004, among the largest number of new jobs for any region in the country during that 12-month period.
Typically, every new job in the primary economy spins off about two to three jobs in the secondary economy. Technology-sector jobs also typically pay higher than average salaries, which is one reason Fairfax County has the nation’s highest median household income for any locality with more than 200,000 residents, according to the U.S. Census Bureau.
Notable announcements in the second quarter include DigitalNet, which said it will add 893 new jobs to the Fairfax County economy. DigitalNet is a leading computer networking and integration company with numerous federal clients, including the Defense Department.
“Fairfax County is a superb location that provides companies like ours with immediate access to some of the best technical talent in the country. With easy access to major transportation arteries and an abundance of free parking, we are able to offer our employees a more appealing commuting arrangement than our competitors situated in more congested communities,” said Ken S. Bajaj, CEO of DigitalNet.
“Fairfax County’s job growth still is outpacing other markets, and these are high-quality companies that are creating rewarding employment opportunities in our community,” said Gerald L. Gordon, Ph.D., president and CEO of the FCEDA.
Business growth helps Fairfax County fund public services such as the nation’s top-rated public school systems that contribute to the quality of life. Fairfax County offers businesses a state-of-the-art telecommunications infrastructure, access to domestic and international markets through Washington Dulles International Airport and a well-educated workforce.
The Fairfax County Economic Development Authority promotes Fairfax County as a business and technology center. The FCEDA assists businesses by identifying possible sites and facilities, and is a source for up-to-date demographic and economic information. The FCEDA’s Capital Attraction Program links technology entrepreneurs with possible investors. Another program targets supports the growth of minority and woman-owned businesses. The FCEDA maintains marketing offices in Frankfurt, London and Tokyo, and this summer will open marketing offices in Tel Aviv, Israel, and Bangalore, India.
Relocations and expansions in April, May and June include:
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