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Contact: Alan Fogg, afogg@fceda.org,
703-790-0600 (o) or 571-213-5065 (m)
Twelve Fairfax County companies named to annual Hispanic Business 500 list
Only eight states have more ranked companies than Fairfax County
Fairfax County, Virginia, June 12, 2006 - Twelve Fairfax County-based companies – most of them in the technology and government contracting fields – are among the 500 largest Hispanic-owned firms in the country, according to Hispanic Business magazine. The magazine ranks the companies by revenue and features the 2006 list in its June edition, and it is available online at www.hispanicbusiness.com.
Fairfax County companies account for 60 percent of the 20 companies headquartered in Virginia. Only eight states had more companies on the list than Fairfax County ( California, Florida, Illinois, Michigan, New Jersey, New Mexico, New York and Texas), and one state ( Georgia) had the same number. Elsewhere in the Washington, D.C., area, Maryland had seven companies on the 2006 list and the District of Columbia had three.
Eleven Fairfax County businesses made the 2005 list. COmputing TechnologieS Inc. is appearing for the first time this year.
The 12 Fairfax County companies on the 2006 Hispanic Business 500 list:
The U.S. Census Bureau reported recently that 7,302 Hispanic-owned firms operated in Fairfax County in 2002 (the latest data available). These firms had $1.1 billion in sales and receipts, employed 10,422 people and had payrolls totaling more than $335.7 million.
Fairfax County also is home to the Virginia Hispanic Chamber of Commerce’s (www.vahcc.com) northern Virginia office. The chamber helps Hispanic-owned companies develop business and resource links to Hispanic and non-Hispanic business communities.
“ Fairfax County is the place for business men and women of all backgrounds to locate and succeed,” said Gerald L. Gordon, Ph.D., president and CEO of the Fairfax County Economic Development Authority (FCEDA). “The fact that we are home to so many Hispanic-owned firms is a testament to the strength this community derives from its diversity.”
Business growth helps Fairfax County, minutes from Washington, D.C., fund public services such as a top-ranked public school system and library, public safety, social services and park systems that improve the quality of life. Fairfax County offers diverse real estate options, access to domestic and international markets through Washington Dulles International Airport, a business community based on technology and professional services, and a well-educated workforce.
The Fairfax County Economic Development Authority( www.FairfaxCountyEDA.org) promotes Fairfax County as a business and technology center. The FCEDA’s Capital Attraction Program links technology entrepreneurs with potential investors. Another program supports the growth of minority and woman-owned businesses. The FCEDA maintains overseas marketing offices in Bangalore, Frankfurt, London, Seoul and Tel Aviv.
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