Guiding you to find success
The FCEDA has access to resources and connections -- and a proven track record of helping companies thrive. When "business as usual" is anything but, we’re here to help you move forward.
COVID-19
RESOURCES
A community of economic strength
36,000 businesses call Fairfax County home. Companies rest assured knowing Fairfax County is one of the best-managed local governments in the U.S. And, Virginia is the best state to do business, according to CNBC.
11 FORTUNE
500 COMPANIES
A knowledge-based economy that’s here to last
Cybersecurity. Life Sciences. AI. Our economic fabric is strong thanks to innovators across diverse industries from financial powerhouses like Capital One to federal agencies like the CIA.
152,000+
KNOWLEDGE-BASED WORKERS
Helping you invest wisely
Companies locate here for a reason -- it’s a smart investment. And, Virginia's Small Business New Jobs Program and retraining programs support (and reward) the creation of new jobs.
10TH LOWEST
STATE CORPORATE TAX RATE
Proximity – perfected
Located minutes from D.C., Fairfax County is part of the powerhouse Northern Virginia region that hosts the largest data-center hub and produces more computer science graduates than any other metro area.
30+ COLLEGES
AND UNIVERSITIES IN NORTHERN VIRGINIA
The world relies on our tech
Our IT infrastructure is unparalleled: 70% of the world’s Internet traffic runs through Northern Virginia. Amazon Web Services and Microsoft are two of the 8,900 technology firms located here.
HOME TO 50+
OF THE TOP 500 GLOBAL CYBERSECURITY FIRMS
The place to be
We have jobs that matter — and places that matter too. From go-go Tysons to small-town Herndon and everything in between, this is a cosmopolitan, vibrant community that is proud of its diversity.
News
July 6, 2020
FCEDA partners with nonprofit organizations providing free legal help to small businesses during pandemic
The Fairfax County Economic Development Authority (FCEDA) is partnering with the Northern Virginia Pro Bono Law Center and Start Small Think Big on the COVID-19 Pro Bono Collaborative, an initiative to provide free legal assistance…
July 2, 2020
Tysons firm Portals Global donates 15,000 masks to Fairfax County
Fairfax County received a donation of 15,000 FDA-approved KN95 masks from Portals Global, a Tysons-based consulting firm. Portals Global’s CEO Omo Igiehon said he chose Fairfax County as the donation recipient in order to give…
July 2, 2020
Fairfax County companies launch ‘back-to-work’ technologies
With the state's Forward Virginia re-opening process well underway (Phase 3 started yesterday), companies are considering transitioning some or all of their employees from working virtually to returning to the office. Careful planning is needed…
June 30, 2020
Fairfax County E-Bird for June 30, 2020
Big projects in the pipeline: Despite the pandemic, construction continues on the Washington, D.C., region’s commercial office space projects, with 12.4 million square feet of office development under construction in the D.C. region as of…
June 25, 2020
16 companies headline July 14 Fairfax County EDA virtual career fair for tech professionals
Microsoft, Amazon Web Services (AWS), Hewlett Packard Enterprise (HPE) and 13 other leading tech companies in Northern Virginia are bringing recruiters to a virtual career fair that the Fairfax County Economic Development Authority is presenting…
June 23, 2020
Fairfax County E-Bird for June 23, 2020
Vote to get this underpass over the top: A recent Public Art Reston project has been named one of the top 100 public art projects in the world by CODAworx, a global online community that…
June 18, 2020
Community Foundation has provided $1.5m in grants to lessen pandemic impacts
Nearly $1.5 million has been awarded by the Community Foundation for Northern Virginia to more than 70 nonprofit organizations in Northern Virginia that serve those who have been disproportionately affected by the pandemic. The Community…
June 16, 2020
Fairfax County E-Bird for June 16, 2020
Black lives matter: The Fairfax County Board of Supervisors issued a joint statement at its June 9 meeting affirming that “Black lives matter” and committing to “striving for true equity.” Board Chairman Jeffrey C. McKay…
June 16, 2020
Legally speaking: Global law firm King & Spalding chooses Fairfax County location for 22nd office
Victor Hoskins, president and CEO of the Fairfax County Economic Development Authority, announced today that King & Spalding, a law firm with more than 1,100 lawyers working in 21 offices around the globe, has chosen…
June 11, 2020
Resilient economy holds unemployment rate in check; Northern Virginia to enter Phase 2
Long known for its resiliency in the face of national economic downturns, Northern Virginia and the Washington, D.C. region have weathered the COVID-19 crisis better than many other large metropolitan areas in the United States.…
Events
Webinar: DCAA Compliance: Introduction & Accounting System Requirements
Date: July 7
Time: 10:00am to 12:30pm
The presentation will provide an overview of the preaward accounting system design review process. Participants will learn what occurs prior to the award of a cost-type contract, what is contained in the SF 1408, and what the applicable DFARS regulations say with regard to what comprises an acceptable accounting system. Total contract costs, including direct costs and indirect costs will be discussed. Examples of typically seen indirect rates will be provided as well as a discussion of selecting a proper allocation base will also be provided. Participants will learn about the FAR Part 31 clauses that cover allowability, allocability, and reasonableness as well as concepts such as Contract Terms, Accounting for Contract Costs, Labor System, Timekeeping, Unallowable Costs, Cost by Contract Line Item, Billings, Cost Accounting Information, and Management Reviews/Internal Audits along with the applicable DFARS clauses. Finally, some common deficiencies will be discussed.
Webinar: DCAA Compliance: Proposal Adequacy
Date: July 7
Time: 1:30pm to 4:30pm
The presentation will provide an overview of how proposal adequacy is determined through discussions on FAR Part 15, Table 15-2 and DFARs 252.215-7009. The presentation will discuss proposal adequacy requirements for cost elements such as Direct Labor, Material, Subcontracts, Other Direct Costs (ODCs), and Indirect Rates. Finally, participants will learn about historical data considerations, FAR Part 31 Unallowable Costs, common proposal deficiencies, and regulatory resources to assist with proposal development.
1 Million Cups – Fairfax County
Date: July 8
Time: 9:00am to 10:00am
Join us Virtually! We want to continue to help business owners grow their business and provide the opportunity each week to give feedback to them on their business challenge. It is like a community mastermind!…
Webinar: DCAA Compliance: Monitoring Subcontracts and Incurred Cost Submissions
Date: July 8
Time: 9:30am to 12:30pm
The presentation will provide an overview of what a contractor should know about subcontracting: subcontract selection, subcontracting requirements, and the responsibilities of the prime contractor. The applicable FAR requirements will be discussed as well as the business systems involved with monitoring subcontracts. Participants will learn what information is required to be submitted with the annual incurred cost submission and what the subcontractor will need to provide to the prime. Finally, common deficiencies and frequently asked questions will be provided.
Build Back – Dream Forward
Date: July 9
Time: 8:30am to 9:30am
Join The Community Foundation for Northern Virginia for a virtual town hall to discuss a shared dream for our region, through COVID-19 and beyond, to build a community that works for everyone. Leading voices in Northern Virginia working to eradicate systemic racism and injustice will share their thoughts, their work, and their inspiring visions for a more equitable future, one that helps all Northern Virginians striving for good health and financial prosperity achieve their dreams.
Beyond COVID-19: NOVA Business Resiliency Webinars
Date: July 9
Time: 2:00pm to 4:00pm
As the impact of the Covid-19 Pandemic continues to reverberate around the world, the importance of reliable supply chains, sourcing and international trade have become top concerns for virtually every industry. Long perceived as a sleepy backwater of manufacturing, production and finished goods, supply chain management has become one of the top priorities for CEOs and shareholders alike. At the same time as the pandemic exposed global supply chain vulnerabilities, recent international trade conflicts have exacerbated the issue with tariff and non-tariff barrier concerns on the rise. How do supply chains affect my business? What should I worry about with my supply chains? Does this period present an opportunity to diversify my suppliers or decrease costs? What are the hallmarks of great supply chain management?
The Fairfax County Department of Housing and Community Development is pleased to announce the availability of over $20.6 million in local and state funds for the development of affordable housing in @fairfaxcounty. https://hubs.ly/H0s9rL90
.@PortalsLLC, a consulting firm based in #Tysons, donated 15,000 masks to Fairfax County to help essential workers during the pandemic. https://hubs.ly/H0s9C520
@VolunteerFFX
Herndon Biergarten (@HerndonBG_), a traditional German beer garden, will open next year in the @TownOfHerndon at 771 Center Street. 🍻 https://hubs.ly/H0s5P5_0