FCEDA Global News

OCTOBER 2018

The Fairfax County Economic Development Authority (FCEDA) promotes Fairfax County, Virginia, as one of the world's best business locations, and our offices around the globe work with businesses interested in expanding in the U.S. market. We are delighted to have this opportunity to tell you about some of our recent work at our Tysons Corner headquarters and our satellite offices to help companies.

NEWS FROM OUR BANGALORE OFFICE

FCEDA names IAC to lead India efforts

The FCEDA has selected International Advisory Council (IAC)to be its India representatives to work with companies considering expansion to the United States

Ashish Mehta in IAC’s Mumbai office and Bonny Agarwal in their Bangalore office will promote FCEDA initiatives in India.

IAC is a boutique advisory firm which provides cross border trade and consultancy services to organizations and companies planning to go global. IAC acts as advisor to companies and government trade and investment promotion agencies.  The company has worked with many investment promotion agencies in Europe, Asia, the United Kingdom and the U.S. and has helped more than 200 companies to expand outside of India. 

“Numerous Indian companies have already found success in Fairfax County, which is recognized as a U.S. hub for cybersecurity, health technology and communications firms of all sizes,” said Gerald L. Gordon, Ph.D., president and CEO of the FCEDA. “Making companies aware of the benefits that Fairfax County can offer is an important task. We’re happy to have IAC on board to help spread the word and provide information to companies seeking to take their game to the international level.”

Mehta and Agarwal understand the benefits that having a Fairfax County location can provide and are ready to provide assistance to help companies from India proceed with confidence, especially in this era of growth.

“IAC is positive that with the growing economies of the U.S. and India, it is impossible to limit trade between the two nations,” said Mehta, who will serve as director, FCEDA India office. “Trade is bound to flourish and we are geared up to partner with FCEDA and offer its services to Indian companies that are interested in expanding and setting up in the U.S.” 

“So many Indian companies are looking to expand into the U.S., we simply need to tap into the right audience to advance the idea that Fairfax County is the ideal location for expansion in the U.S.,” said. Agarwal, who is manager, FCEDA India office. 

Granules continues its growth in Fairfax County

In May 2017, Hyderabad-based pharmaceutical firm Granules committed to investing $35 million to its research and development and manufacturing operations in the Chantilly section of Fairfax County.

The company, led by executive director Priyanka Chigurupati, has already filed nine products with the U.S. Food and Drug Administration and commercialized three of them under the GPI label.

Granules, which currently has about 85 full-time employees in Chantilly, envisions filing a minimum of eight USFDA requests each year, requiring multifold expansion during the next two years. The company expects to enhance its capabilities with the installation of packaging lines at its 100,000-square-foot Chantilly facility, which is already equipped with an array of R&D, lab and manufacturing equipment.

GPI’s objective is to focus on formulation R&D by leveraging a niche technology that enables it to make dosage forms with specific release capabilities such as pulsatile drug release in tablet and capsule dosage form, orally disintegrating modified release tablets. modified release suspension and controlled substances capabilities. The company’s stated mission is to be the global leader in pharmaceutical manufacturing by process innovation and unparalleled efficiencies with an ultimate goal of lowering the healthcare costs to the customer.

Granules’ commercial team is supported with a product pipeline from its R&D team at its Gagillapur, India facility. GPI’s current customers include large retailers like CVS, Walmart and Walgreens, large wholesalers like McKesson, Amerisource Bergen, Cardinal Health and major group purchasing agents and distributors.

Startups drawing increased attention from FCEDA

To reap the benefit of the emerging technology wave in India, the FCEDA’s Bangalore office focused on events for startup companies in the second quarter of 2018. 

Particular focus has shifted toward IT companies involved in artificial intelligence, blockchain, cybersecurity and digital technology, each of which meshes with successful corporate activity taking place in Fairfax County.

With that focus in mind, FCEDA representatives attended three startup-oriented events:

Startup Tales 2.0

The FCEDA India team attended Startup Tales 2.0 on May 31.  The event, organized by 91 springboard in Bangalore, targeted budding entrepreneurs and students to understand the challenges they face, the mistakes they make and the lessons they learn in the course of their startup journey.

The FCEDA India team met with 10 senior executives from various industries at the event.

91 springboard is a co-working community founded in 2012, created for freelancers and business owners with a startup mindset.

Startup Marketing 101: Growth Hacking for Startups

The July 14 event was organized by Headstart and held at SAP Labs, Whitefield. 

The session began with a startup workshop followed by lessons from successful entrepreneurs, who shared their journey and best hacking practices.  The audience consisted largely of tech-focused individuals, ages 25 to 35.

The FCEDA team met with representatives from eight startups at this event.

Headstart is India's largest grassroots-level organization that supports entrepreneurship and startups companies. The organization was founded 10 years ago and has conducted about 1,000 startup events for startups in 23 Indian cities. 

Startup Manthan Bengaluru

The FCEDA India team attended Startup Manthan, an event organized by Raise My Startup, on July 28. 

The organization’s flagship event showcased curated startups, primarily from emerging technologies, that pitched the day of the event. The FCEDA met with five startups who were especially interested to learn about the venture capital ecosystem in Fairfax County.

Startup Manthan is a series of startup events that takes place across every Indian state. Importantly, the organization supports the startup ecosystem that is developing in locales outside of India’s established hubs for startups. Its aim is to help bridge the gap that exists between “Tier 1” and “Tier II” cities for technology, making available essential resources to all available to emergent startups in all geographic locations.

NEWS FROM OUR BERLIN OFFICE

VW Digital:Lab puts emphasis on DRIVE for innovation

An FCEDA contingent, led by Gerald L. Gordon, Ph.D., president and CEO, Jan Mul, director of the FCEDA’s international division, and Markus van Tilburg, director of the FCEDA’s Continental Europe Office, had the opportunity to connect with representatives of the Volkswagen Group in Berlin to discuss several innovation-leading programs. 

Volkswagen Group of America is headquartered in the Herndon area of Fairfax County. 

Stefan Gotthardt, director of the Volkswagen Digital:Lab welcomed the FCEDA delegation and allowed the FCEDA to participate at a daily morning team briefing.  The Digital:Lab enables VW to develop new programs and concepts much faster without sacrificing creativity. The company touts the model as a big success, and VW is expanding Digital:Lab into other cities. Volkswagen operates a U.S. lab in California and it is currently working on opening a new location in Portugal’s capital, Lisbon. 

During the afternoon, the FCEDA met with officials from VW at the DRIVE Volkswagen Group Forum in the heart of Berlin. This location is the only place in the world where VW is exhibiting and promoting all of its brands under one roof. The exhibition had a focus on the history of the Porsche brand and included one of the first Porsches ever produced. 

IT security made in Germany is welcome in U.S.

The FCEDA partnered with the German Teletrust Association and Select USA to host a cybersecurity-focused event at the U.S. Embassy in Berlin on May 30. About 30 members from companies of the Teletrust Association, who were interested in leaning about business opportunites in the U.S. market and about Farifax County as a location for foreign direct investment, took part. 

Kent Longsdon, chargé d’Affaires at the Berlin Embassy, opened the event and welcomed all companies and Dr. Jana Dorband of Select USA provided the audience an overview of investments in the U.S. and opportunities for German businesses.

The FCEDA was pleased to host prominent speakers in Dr. Harald Schöning, vice president of research at Software AG, Dirk Kretzschamar, CEO of TÜV IT, and Robert Gerlach of EclecticIQ, Germany, each representing companies with significant U.S. engagement and vast experience in doing business in the U.S. 

With a crowd of leaders from cybersecurity companies, the speakers offered important insights about their experience in the U.S. market and about potential opportunites for German companies.   

CONHIT trade show hits FCEDA high notes

The FCEDA participated at the CONHIT trade show in Berlin on April 17.  The trade show is the main platform for digital healthcare and brings IT companies, institutions and policymakers together with potential customers, industry professionals and newcomers. 

The show, which had grown in popularity each of the last 11 years, attracted more than 10.000 attendees. Companies from across Europe were in attendance along with a U.S. delegation with expertise in health IT. 

The show offered a platform for networking activities and allowed the FCEDA to connect with promising start-up businesses from the health sector, many of them growing companies that plan to expand their business and tap into the U.S. market. 

Several one-on-one meetings with decision makers helped establish valuable relationships for the FCEDA. The FCEDA is looking forward to the 2019 show which will have a new name: “DMEA Connecting Digital Health.”    

FCEDA’s van Tilburg addressed German American Trade Association

On April 17, Markus van Tilburg from FCEDA Europe spoke at a German American Trade Association workshop in Berlin. 

Thanks to the participation of renowned German companies, the GATA’s U.S. seminars are in their 16thyear, helping companies to gather information about entering the U.S. market with their first sales operation, production facility or other business activities. 

Van Tilburg’s remarks to about two dozen attendees focused on the importance of site selection and why Fairfax County should be considered a prime location for starting a business in the U.S.

NEWS FROM OUR LONDON OFFICE

FCEDA hosts Gov. Northam at international airshow, proclaims: Fairfax County is “where the best companies land”

The FCEDA participated in the world’s largest airshow – the biennial Farnborough International Airshow -- spotlighting its strong partnerships with aerospace, defense and economic development organizations that work to increase trans-Atlantic commerce and trade. The show, held near London from July 16-22, provided an opportunity for the FCEDA to tout the county’s strengths as a hub for global aerospace and defense companies.

FCEDA President and CEO Gerald L. Gordon, Ph.D., led the delegation which also included Jan E. Mul, director of international marketing, and Ian Metcalf, director of the FCEDA’s London office. The FCEDA was an exhibitor within the Farnborough Aerospace Consortium (FAC) pavilion.

On July 17, the FCEDA and the FAC welcomed Virginia Gov. Ralph Northam and trade officials from the United Kingdom to the exhibit area. Northam attended the air show to promote Virginia as a location for defense and aerospace companies, and his speech was covered by multiple media outlets including the BBC.

“During my trade mission to Europe, I delivered a simple message -- that in Virginia our doors are wide open for business -- and I want to continue our state’s great relationship with the international business community,” Northam said. “The Fairfax County Economic Development Authority has been carrying that message to overseas markets for decades and I was delighted to see the Authority at Farnborough telling aerospace and defense companies why Fairfax County is the ideal location for their U.S. operations.”

On July 18, the FCEDA and the FAC hosted a networking event for air show attendees, and emphasized the benefits of working with groups such as Enterprise M3, a business-led partnership that helps to drive economic growth in Hampshire and Surrey counties near London. This region-to-region initiative has attracted the attention and support of U.K. government officials and members of Parliament.

Eight Fortune 500 aerospace companies have operations in Fairfax County, including Northrop Grumman and General Dynamics that are headquartered in the county. Airbus and Rolls-Royce maintain their North American headquarters in the county, while other major aerospace employers include BAE Systems and Lockheed Martin.

“Aerospace and defense companies thrive in Fairfax County,” said Gordon, adding that the FCEDA used its time at Farnborough to let the aviation world know that “this is where the best aerospace companies land.”

UK firm Re:Cognition Health brings clinical research and quest for an Alzheimer’s cure to Fairfax County

Re:Cognition Health, an award-winning and pioneering brain and mind clinic based in the United Kingdom, expanded its international clinical trial services to the United States by opening its first clinic on Arlington Boulevard in Fairfax.

The announcement came June 21, during the SelectUSA Investment Summit at National Harbor, Md. The summit promotes foreign direct investment in the U.S.

Re:Cognition Health’s clinical trials will focus on Alzheimer's Disease and dementia-related services. Dr. James Bicksel, a neurologist who also sits on the board of directors for the Alzheimer's Association and is the medical director of the Inova Memory Program in Fairfax, is leading the clinical trial team.

Bicksel was joined by Re:Cognition Health's co-founder Tom Dent, Victoria Eyre, the company's operations manager for UK clinical trials, and dignitaries including Gerald Gordon, Ph.D., president and CEO of the FCEDA, at the announcement.

“We are honored that Re:Cognition Health chose Fairfax County for its first U.S. clinic and delighted to add this company to the growing health-science industry sector in Fairfax County,” Gordon said. “Re:Cognition Health will find an excellent workforce and many possible partners here, while residents of Fairfax County and the Washington area will have access to more clinical and treatment options because the company is here.”

Dent said the company chose its Fairfax County location for multiple reasons, including its diverse, educated population, a passionate, health-conscious community and access to nonstop flights to London. Re:Cognition Health expects to employ 25 people within three years and invest several million dollars at the Fairfax facility.

“We are excited to expand Re:Cognition Health’s centers into the USA, allowing for the opportunity for more people to gain access to the most advanced treatments available worldwide,” said Dr. Emer MacSweeney, CEO and medical director of Re:Cognition Health. “We are especially pleased to offer Virginia and DC-area Alzheimer’s and dementia patients the very best care and access to these groundbreaking medications.”

NEWS FROM OUR LOS ANGELES OFFICE

Bechtel to move HQ to Fairfax County after more than a century in Bay Area

Global construction firm Bechtel Corp. announced plans to consolidate its headquarters from San Francisco and Houston to Reston by the end of 2018, bringing 150 jobs to Fairfax County. 

One of the most respected global engineering, construction and project management firms in the world, the Reston office has functioned as the operational headquarters since 2011 with its chairman and chief executive based there along with about 1,300 employees. 

Bechtel cannot be on the Fortune 500 because it is privately owned, but it is big, very big.  According to the Washington Business Journal, Bechtel’s $32.2 billion in revenue made it the Bay Area’s largest private company in 2016. 

It’s reasonable to think that other major companies are taking note as Bechtel follows the recent footsteps of such firms as Arconic, Appian, MicroStrategy, Favor TechConsulting and the College Board in adding to and diversifying the workforce in Fairfax County.

FCEDA brings Fairfax County ambassadors leaders to L.A. conference

The FCEDA and its partner TechFire hosted a special reception and panel discussion, featuring leaders in cybersecurity and big data at the Microsoft Technology Center in Playa Vista, Calif. On May 2.

Differentiating this event was the participation of Fairfax County business ambassadors -- Steven Chen, principal of Blu Ventures Investors and chairman of PFP Cybersecurity, Bryan Ware, CEO of Haystax Technology, and Steven Schneider, CEO of Logi Analytics – who discussed the benefits of an east coast presence with the Los Angeles-area gathering.

In addition to discussing what the future holds for cybersecurity and big data, the panelists offered their perspective on the critical advantages that Fairfax County offers for growing technology companies.  A recurring theme was that Fairfax County is on the forefront of one of the strongest economies in the country. Along with its strengths in government and defense technology, the county has large and growing numbers of big data, commercial IT, financial, software, communications and technology management companies.

“Fairfax (County) has very strong engineering talent,” said Schneider, who told the gathering that it’s also the “entrepreneurial environment.” with mentors and access to capital, that is making the county a highly appealing place for cybersecurity and big data firms.

In addition to its highly skilled and diverse workforce, proximity to the federal government and business-friendly environment, Fairfax County continues to offer California companies an excellent location to grow their east coast business with support from the FCEDA. 

Big data meets big biology

Big datXconomy, an innovative news and events organization with outposts across the U.S., hosted a forum entitled “Big Data Meets Big Biology” on April 26 and the FCEDA was a Gold sponsor.

The event, held at the Illumina Theater in San Diego, included discussions about advances in genome sequencing, biomedical diagnostics, neuroscience and other emerging life science topics that are transforming healthcare by improving odds, minimizing risks and improving outcomes for patients.

Coupled with new software and computing tools that impact big data, predictive analytics, diagnostics and drug development, they are also among fields of specific interest to Fairfax County firms, including the Inova Center for Personalized Health.

NEWS FROM OUR SEOUL OFFICE

FCEDA and KISIA conduct Korean cybersecurity partnership conference

More than 50 participants, including representatives from eight South Korean cybersecurity companies, attended a cybersecurity partnership conference co-presented by the Fairfax County Economic Development Authority (FCEDA) and the Korea Information Security Industry Association (KISIA). The FCEDA presented the September 5 event at its headquarters in Tysons Corner.

“As cyber attacks become more sophisticated, it has become increasingly important to look at cybersecurity from a global perspective,” said Gerald L. Gordon, Ph.D., president and CEO of the FCEDA. “Fairfax County is at the heart of this effort with more than 450 firms actively engaged in cybersecurity, so it’s only natural that we should host this international event along with KISIA.”

Seong-Yong Ham, spokesman for KISIA’s Global Cooperation Team, noted that the Korean cybersecurity market offers unique and advanced technologies but is somewhat saturated.

“Fairfax County is a very attractive place for Korean cybersecurity companies that hope to (connect) with overseas partners so they can move forward with their products,” he said. “They want to find their niche and we try to provide them with assistance so those companies can stride into other markets. Fairfax County already has a lot of Korean high-tech companies and also some federal government and local government relationships (in cybersecurity).”

More than 60 Korean-owned businesses have a presence in Fairfax County. The FCEDA has maintained an office in Seoul since 2005 to work with Korean companies interested in expanding in the U.S. market.

Korean companies that presented at the event are involved in working on innovative solutions to protect valuable assets from some of the world’s toughest cyber threats, including North Korea, Eastern Europe and China. Attendees had the chance to network with Clonix (digital video forensics), eSTORM (online authentication), EYL (quantum random number generator), Fasoo (enterprise DRM and app security testing), F1 Security (website malware detection), Kiwontech (AI email security), Namusoft (ransomware protection), Naonworks (VOIP and smart factory security) and Xabyss (network vulnerability analysis).

JUVENUI brings its health technology to Fairfax County

JUVENUI, a health technology company developing a zigzag-motion inflatable neuroplasty catheter, has established its US presence in Fairfax County. 

JUVENUI launched the world's first new epidural balloon catheter in 2012 and a balloon catheter for world’s first non-surgical stenosis decompression in August 2013. Based on its success with Korean hospitals, including Seoul National University Hospital, JUVENUI is developing its business in the global market. 

“Fairfax County is an emerging location for life sciences, health care technologies and wellness companies, and that’s why we chose Fairfax County as a hub of our business in the U.S.,” said JUVENUI President Hyun Hong Kim. “Fairfax County provides an essential proximity to our customers, partners and healthcare organizations including hospitals, CROs, the FDA and NIH, as well as a talented workforce to develop our business in the U.S.”

JUVENUI hired a local manager to set up its business in the U.S. and plans to hire additional staff to oversee local regulations, sales and marketing activities in the U.S.

Business networking event held in Seoul

The FCEDA, in partnership with the Global SME Business Council, held a networking event in Seoul with about 50 Korean ICT and high technology companies joining venture capital representatives and government organizations on June 20.

Andrew Yu, the FCEDA's business development manager for Asia, discussed Fairfax County's dynamic business environment, strong education system and its high quality of life.

David Gossack, Minister-Counselor for Commercial Affairs at the U.S. Embassy, provided welcoming remarks and also highlighted the positive business environment of Fairfax County and advantages of doing business there. Dr. Younghee Ro, chairman of the GSBC, also welcomed guests and talked about that organization’s expansion in global markets and its partnership with the FCEDA.

FCEDA participates in seminars for global-minded Korean firms

The Information Communication Technology Cooperation (ICTC) of Korea understands the value of maintaining a Fairfax County presence in the U.S. 

ICTC’s program, commissioned by the Korean Ministry of Science, has established operations in Tysons Corner, in the heart of Fairfax County’s largest business district. The ICTC seeks to promote a global infrastructure and international partnerships between small- and mid-size South Korean and foreign communication technology companies. 

Recently, Charles Kim, director of marketing for the Fairfax County EDA’s Korea office, participated in an ICTC colloquium and networking Event in Seoul to meet with ICTC member companies and discuss their possible expansions to Fairfax County. 

Kim’s expertise in both the U.S. and Korean business communities, along with his expansive network of connections, brings added value to companies that work with the FCEDA in extending their reach to Fairfax County and the Washington, D.C., area. 

Kim also participated in the UP Creative Startup Audition, held at the Gyeonggi Creative Economy & Innovation Center in Seoul. The event featured startups making pitches to government organizations and venture capitalists. Individual meetings with the FCEDA helped familiarize attendees with Fairfax County’s business environment and the advantages that doing business in Fairfax County can provide.

Kim also took part in Rising Startups’ well-attended pitching and networking event held at D.Camp, an accelerator in Seoul. There, he discussed startups business expansion to the U.S. market and the benefits of expanding business to Fairfax County.

NEWS FROM OUR TEL AVIV OFFICE

United Airlines announces direct flights between Tel Aviv and Dulles

United Airlines has announced a plan for a nonstop service between Washington Dulles International Airport and Ben Gurion Airport near Tel Aviv to begin in May 2019. 

United, which made the announcement on August 2, will be the first U.S. carrier to operate a flight between the D.C. area and Israel. 

More than 25 Israeli companies have a presence in Fairfax County and FCEDA President and CEO Gerald L. Gordon, Ph.D., said the new air service could help that number grow.

“A direct flight from Dulles to Tel Aviv helps not only the business and residential communities in this region, but it also will enable the FCEDA office in Tel Aviv to be more successful in sending Israeli companies to our county,” Gordon said. “Israeli businesses have world-class technologies that are appropriate for this marketplace. Fairfax County’s office in Tel Aviv has had considerable success in helping bring Israeli companies to Fairfax County and this will greatly accelerate that effort.”

Washington Dulles Airport is at the western edge of Fairfax County, about a 25-minute drive to Washington, D.C. The Dulles Tech Corridor is the technology hub and economic engine for companies doing business in strong sectors such as government contracting, homeland security, defense, aerospace, satellite, cybersecurity, cloud and data analytics.

The FCEDA has had permanent representation in Tel Aviv since 2005 to work with Israeli companies interested in expanding in the U.S. market. The new flight will be the first to be operated by a U.S. carrier between the two cities. United's new service between Washington Dulles and Tel Aviv will also offer connections to nearly 70 destinations in the United States. 

FCEDA rehires Value Base M&A to spearhead lead-generation efforts in Israel

The Fairfax County Economic Development Authority extended the contract of Value Base M&A to continue its role as the FCEDA’s representative in Israel. Yair Ephrati will continue as director of the FCEDA’s Tel Aviv office, assisted by Nadav Zohar.

Value Base won its original contract with the FCEDA in July 2009 when it was known as DS Apex Mergers and Acquisitions, Ltd. The company’s fourth contract with the FCEDA took effect July 1.

The FCEDA’s Israel office promotes Fairfax County as one of the world’s best business locations and provides information and services to companies with an interest in expanding operations to Fairfax County. The Israel team, which conducts one-on-one meetings and informational seminars, is paying particular attention to firms focused on cybersecurity, data analytics, artificial intelligence, aerospace, defense, mobility, construction technology, life sciences and smart city technology.

“Fairfax County has emerged as a U.S. hub for cybersecurity, international security, big data and a multitude of high-tech capabilities that are familiar territory for Israel-based firms of all sizes,” said Gerald L. Gordon, Ph.D., president and CEO of the FCEDA. “Making these companies aware of the benefits that Fairfax County can offer is an important task.”

Ephrati says that Israel-based executives, especially those leading cybersecurity and high-tech companies, have increasingly come to understand the reasons that Fairfax County is the right place to be.

“Part of it is about location,” Ephrati said. “Washington, D.C., a large international airport and, effectively, the entire east coast of the United States is within easy driving distance. The county also offers a highly skilled workforce, which is quite important. Fairfax County is surrounded by more than 60 colleges and universities and residents are among the most highly educated in the world.”

FCEDA meets with innovative startups in Tel Aviv

On May 29, the Fairfax County EDA team visited the Hadera EnergyTech conference in Tel Aviv, meeting with startups focused on innovation and future advancements in the world of energy.  The conference, attended by numerous firms planning to expand in the U.S., also provided a forum for investors, academics and government agencies.

The Fairfax County EDA team also attended the 33rd International Security & Defense Exhibition on May 29 and May 30 in Tel Aviv, where manufacturers, distributors and end users focused on homeland security and combat. The FCEDA team met with multiple Israeli startup companies and highlighted the unique attractiveness of Fairfax County as a hub more than 450 cybersecurity and HLS companies already working in the commercial and government sectors. 

 FCEDA hosts American Technion Society, talks missiles, defense

Lt. Col. Pini Brosh of the Israeli Missile Defense Organization was the keynote speaker on May 1 when theFairfax County EDA and American Technion Society co-hosted a business forum at the FCEDA headquarters in Tysons Corner, Va.  

More than 60 representatives of Fairfax County area companies gathered to hear speakers discuss advanced Israeli technologies and collaboration with U.S. agencies on missile defense systems, homeland security and artificial intelligent technologies for airport security.  

Medical collaboration discussed at Inova

On June 6, the FCEDA and the Israeli Embassy in Washington, D.C., hosted Israel Minister of Health, Mr. Yaakov Litzman for a tour of the Inova Center for Personalized Health in the Merrifield section of Fairfax County.

Inova is transforming the 117-acre campus (former home of Exxon Mobil) with more than 2.0 million square feet of commercial space. The site is adjacent to Inova’s medical cluster. 

Discussions centered around the future of medical service delivery, personalized medicine and genome research in the U.S. and in Israel.  The Israeli minister and his team presented their vision for collaboration with U.S. medical research institutions such as Inova.

BitDam sets up shop in Fairfax County

BItDam Ltd., an Israel-based cybersecurity company, was among the companies establishing a presence in Fairfax County this spring, opening facilities in the Reston area of the county.

“Our leadership decided that the U.S. is the best choice to begin executing our expansion plans,” said Liron Barak, CEO of BitDam, which develops threat protection solutions for in-bound files and web links. “The FCEDA team made a great case for Fairfax County; the deep pool of high-quality cyber talent, strong technical infrastructure and robust transportation options make it an ideal starting point for our U.S expansion while easily reaching back to our Tel Aviv headquarters.

More than 30 Israel-based businesses have a presence in Fairfax County. That number includes defense contractors, business-application enterprises and startups involved in cybersecurity, telecom and mobile applications. In all, more than 430 foreign-owned companies from 47 nations have a presence in Fairfax County.

NEWS FROM OUR HOME OFFICE

President and CEO Gerald Gordon announces retirement after 35 years at FCEDA

Gerald L. Gordon, Ph.D., whose work as leader of the Fairfax County Economic Development Authority to build and diversify the county’s business community and economy led its transformation into one of the world’s top business locations, announced on August 27 that he will retire at the end of this calendar year.

Starting in January, Gordon will be serving in South Carolina as a fellow in the College of Charleston’s Joseph P. Riley Center for Livable Communities, where he will be working with faculty, staff and students to support the economic and cultural vibrancy of the City of Charleston. He also will teach in the college’s Master of Public Administration program. Additionally, Gordon will be consulting with institutions in northern Virginia and will serve on a local board.

Gordon has been with the FCEDA since 1983 and has led it since 1987, during which time office space in Fairfax County grew from 32 million square feet to more than 117 million, making it the second-largest suburban office market in the nation – and one with 10 Fortune 500 headquarters and top companies in a broad set of industry sectors including information technology, aerospace and defense, cybersecurity, data analytics, financial services and personalized medicine.

During Gordon’s tenure, the FCEDA has had numerous successes and has pioneered many strategies copied by other economic development organizations, including creation of a division to attract and retain foreign-owned businesses. This included opening offices in in global markets to reach businesses about expanding into the U.S. market. Today, the FCEDA has offices in London, Berlin, Tel Aviv, Seoul, Bangalore, and southern California.

Gordon has received widespread recognition for his work in Fairfax County. In 2010, Virginia Business magazine named him its “Virginia Business Person of the Year.” That year he also received the James Rees Award from the Fairfax County Chamber of Commerce. Since 2013, Virginia Business has tapped Dr. Gordon for its annual “50 Most Influential Virginians” list.