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Contact: Alan Fogg, afogg@fceda.org,
703-790-0600 (office) or 571-213-5065 (mobile)   

Seven Fairfax County-based companies make annual
Fortune 500 list

Maryland, 29 other states can’t match Fairfax County total

Fairfax County , Virginia USA, April 23, 2007 – Freddie Mac leads the list of seven Fairfax County-based companies on Fortune magazine’s 2007 list of the 500 largest publicly traded companies in America. The home mortgage company joins six Fairfax County companies named to the Fortune list in each of the last two years.

The companies from Fairfax County, minutes from Washington, D.C., are among 17 Fortune 500 companies from Virginia. Fairfax County had more companies on the list than 30 states. Six companies from Maryland made the list, as did two from Washington, D.C.

Fortune bases its rankings on annual revenue. The 2007 list is online at http://money.cnn.com/magazines/fortune/fortune500/2007/.

Rank
Company Business
50
Freddie Mac Mortgage securities
53
Sprint Nextel Telecommunications
92
General Dynamics Defense and aviation
154
Capital One Financial Financial services
284
Sallie Mae (SLM) Student loan financing
302
Gannett Publishing and television
371
NVR Homebuilding

Exxon Mobil, which is based in Texas but runs downstream operations in Fairfax County, is ranked second on the Fortune 500 list.

“In recent months Time magazine called Fairfax County one of the great economic success stories of our time, and the latest Fortune 500 list is a true reflection of that success. These seven companies also reflect the creativity and diversity of the county’s businesses and workforce and represent the leading companies in their selected fields. We’re proud that they call Fairfax County home,” said Gerald L. Gordon, Ph.D., president and CEO of the Fairfax County Economic Development Authority.

Business growth helps Fairfax County fund a top-ranked public school system and library, public safety, human 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. On October 24-25, 2007, Fairfax County will host the 2007 National Conference on the Creative Economy (www.creativeeconomies.org).

The Fairfax County Economic Development Authority ( www.FairfaxCountyEDA.org) promotes Fairfax County as a business and technology center. The FCEDA maintains offices worldwide in Silicon Valley, Bangalore, Frankfurt, London, Seoul and Tel Aviv.

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