The Power of Ideas Channel

In Fairfax County, meaningful information and research fuel the Power of Ideas. That’s why we provide the latest business and economic development news and information about our community, business trends from NPR and best practices from the Harvard Business Review. Click below and experience the benefit of having the right information right at your fingertips.

Middle-Class Immigrant Family Says Greed Is Eclipsing The American Dream
Sunday, May 1, 2016 - 7:55am

In this week's "Hanging On" series about the American middle class, NPR's Rachel Martin speaks with business owners Manolo Betancur and Zhenia Martinez. They own Las Delicias Bakery in Charlotte, N.C.

Puerto Rico Headed For Default As Congress Tackles Relief Plan
Saturday, April 30, 2016 - 7:50am

The U.S. territory is expected to default May 1 on a debt payment of nearly half a billion dollars. Scott Simon examines the impact of a default with Wall Street Journal correspondent Nick Timiraos.

Apple's Lousy Week Could Signal Times Of Trouble For Tech Giant
Friday, April 29, 2016 - 4:24pm

Apple got hit with a lot of bad news this week. First, the company posted its first quarterly revenue drop since 2003. And then billionaire activist investor Carl Icahn revealed that he has dumped all of his shares in Apple. NPR explores whether the company is really in trouble or if is this all just a bump in the road.

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Thursday, April 28, 2016

Now hear this: The Power of Ideas Channel on the FCEDA site brings you business news from NPR, thought leadership from the Harvard Business Review, and the latest information produced by the FCEDA. Click here to see what's on the page today.

New money: Tysons Corner-based Vidsys, which develops physical security information management software, raised $11 million in a new round of funding. With the investment Vidsys intends to build international business through customer support and product development and to expand Internet of Things and virtualized services apps. ventures into this story.

Ready for takeoff: SpaceX won an $82.7 million contract to launch a national security satellite for the U.S. Air Force as early as 2018. The company started by Elon Musk of Tesla fame is based in southern California and has ops in Chantilly. The contract is the first Air Force satellite launch set up to have SpaceX compete directly against the United Launch Alliance created by Lockheed Martin and Boeing. Greg Avery launched this story for the Washington Business Journal.

Just rewards: Reston-based technology consultant Leidos (Tech Innovator of the Year) and Reston-based LifeFuels (Emerging Innovators), which makes nutrition and hydration management systems, joined non-profit provider The Arc of Northern Virginia of Merrifield (Professional Service Innovator) among winners at the Northern Virginia Chamber of Commerce Greater Washington Innovation Awards. Mark Hoover of Washington Technology tells us who else hoisted hardware at the event.

Designing/programming women: Programmers Veni Kunche (U.S. Geological Survey) and Jacqueline Kazil (Capital One), and designers Alexis Dominick (CircleBack), Ashleigh Liggett (Siteworx) and Behnaz Babasadeh (AddThis) were among those honored by DCFemTech as Powerful Woman in Programming and Design. DC's Tajha Chappellet-Lanier has the full rundown of honorees, based on impact to their organization, impact on their community and complexity of issues they address with code or design. If you want "morse," she also provides a separate story about Kunche.

Once a gated community: The Fairfax Times checked on construction progress at Liberty at Laurel Hill, a mixed-use development that is part of a 2,300-acre parcel once home to the District of Columbia Lorton Reformatory. With a watch tower and brick prison walls still in place, the Alexander Co. of Madison, Wis., is incorporating historic character into the development of single-family homes, apartments, retail and commercial space. McLean-based Elm Street Development is overseeing site work. Angela Woolsey reports with guarded optimism that phase one will be done by next April.

Champing at the bit: BIT Investment Fifty-Two LLC, an affiliate of the AFL-CIO Building Investment Trust, seeks to develop The Highland District, a 17-acre project that would replace existing mid- to high-rise buildings with five new buildings. Located near the McLean Metro Station, the development would include more than 1,900 residential units and up to 37,000 square feet of retail space in a walkable setting. The Fairfax County Planning Commission and Board of Supervisors will review the plans. Michael Niebauer developed this story for the Washington Business Journal.

Please contain yourselves: The Container Store of Tysons Corner is apparently set to pack its bags and leave its highly visible Route 7 location for new digs in Tysons West Phase II. As Michael Niebauer of the Washington Business Journal reports, the retailer would anchor the ground floor of a mid-rise residential building within walking distance of the Silver Line's Spring Hill Metro Station.