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.

NPR
Don't Mind The Markets, Experts Say — Economy Not Entering Recession
Saturday, February 13, 2016 - 7:49am

Stock markets rallied on Friday, but it was not enough to erase the losses from earlier in the week. Investors are fretting that the recent market turmoil could mean another recession.

The Carpet Weaver Of Shiraz
Saturday, February 13, 2016 - 7:49am

A carpet weaver in the ancient city of Shiraz continues her family tradition, but doesn't earn enough to support her large family. Will the easing of economic sanctions on Iran make a difference?

Dinner With A Side Of I Do's: For Restaurants, Proposals Are Good Business
Saturday, February 13, 2016 - 7:00am

Marriage proposals are pretty routine at America's high-end restaurants. They can lift the mood in the entire dining room, boost tips and create lifelong customers. Unless the answer is "no," that is.

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The E-Bird

A digest of Fairfax County business and economic development news.

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Thursday, February 11, 2016

Now hear this: Register to attend "Business Diversity: Driving Economic Growth and Entrepreneurism," a February 24 event where the FCEDA and partners will present new U.S. Census Bureau data on the growth of minority-, woman- and veteran-owned businesses around the nation, region and Fairfax County. Click here for details

Hot off the presses: FCEDA President/CEO Jerry Gordon penned an op-ed column for the Washington Business Journal, saying that efforts to diversify the county's economic base have been successful and set the stage for sustained growth in a range of IT-related sectors and some industries you might not expect. The pithy piece is headlined "Not 'stuck in idle' in Fairfax." You should get in gear to read it here.

New horizons: Tysons Corner-based IT services firm 22nd Century Technologies joined the two-year Virginia Leaders in Export Trade program, which provides $15,000 in reimbursement funds, technical assistance and a chance to connect with international companies through the Virginia Economic Development Partnership. Andy Medici imported this story for the Washington Business Journal.

Follow the money: The proposed fiscal 2017 federal budget published this week by President Obama proposes a small increase in IT spending, leading analysts to speculate that contractors such as Booz Allen Hamilton, General Dynamics and Northrop Grumman, all based in Fairfax County, and major employer Lockheed Martin to sharpen their focus on areas such as cybersecurity where agencies are boosting spending. Kathleen Miller focused on this issue for Bloomberg.

What a gas: McGuireWoods, a law firm that is based in Richmond but has offices in Tysons Corner, served as legal advisor to Dominion Resources (parent of Dominion Virginia Power) in its $4.4 billion (yep, with a b) planned purchase of Questar Corp., which is based in Salt Lake City and focuses on natural gas production and delivery. Citybizlist delivered this release.

Here's what's cookin': Tysons Galleria signed up "Top Chef" alumnus Mike Isabella to open Isabella Eatery, a 10-concept, 600-seat dining hall with full-service, fast-casual and retail options. It aims to open in summer of 2017. Digest this story by Rebecca Cooper of the Washington Business Journal.

Saved, by George: Mount Vernon, George Washington's home in beautiful southeastern Fairfax County, is a monument to historical preservation. After Washington died in 1799, however, Mount Vernon fell into disrepair. On Forbes.com, Seth Porges relates a fascinating story of how the estate was saved from ruin. It's appropriate reading as we enter the George Washington's Day holiday (as it is properly termed here).