the Power of Ideas channel

In Fairfax County, meaningful information and research fuel the Power of Ideas. That’s why we created the Power of Ideas Channel: to bring you the latest business and economic development news and information. Here, you can access articles curated and written by Fairfax County EDA, read the latest editions of our E-Bird news digest, review business news from NPR and learn about best practices from Harvard Business Review. Click below and experience the benefit of having the right information right at your fingertips.

Thursday, May 24, 2018 - 11:18am

Now hear this: The next FCEDA  Entrepreneurship 101: Starting a Business in Fairfax County workshop will be held on June 5. The workshop is suited to anyone who is opening or considering a new business in Fairfax County. It will be held at FCEDA headquarters in Tysons Corner. Registration is required and space is limited. Reserve your place by clicking here.

Thursday, May 24, 2018 - 11:17am

Hot off the press: Readers will notice a fresh look to the E-Bird this week thanks to our new logo and blue-on-blue color scheme in our banner. The FCEDA's first logo was unveiled at FCEDA headquarters Wednesday. FCEDA President and CEO Jerry Gordon said the logo will enhance brand identity, both locally and globally. "This is an elegant design that will make the FCEDA, and Fairfax County, stand out much more prominently than ever before," Gordon said 

Thursday, May 24, 2018 - 11:17am

Finding a need in Haystax:  Haystax Technology, a security analytics and risk management solutions provider located in Tysons Corner, will be acquired by Fishtech Group, a Kansas City, Mo.-based holding company. Robert J. Terry of the Washington Business Journal reports that Fishtech plans to make Haystax a subsidiary that continues to operate out of Tysons Corner. Haystax, which has served customers from the U.S. Department of Defense to the National Football League, and Fishtech Venture Group have a long working relationship, with Fishtech making a $4 million investment in Haystax in December 2016.

Thursday, May 24, 2018 - 11:16am

Big event for Cvent: Tysons Corner-based Cvent completed its acquisition of Vancouver-based QuickMobile, a developer of mobile event apps. According to the release carried by Potomac Tech Wire, Cvent will add 100 employees and benefit from improved mobile event-app and onsite technology capabilities. Together, the companies serve more than 25,500 customers, including 80 percent of the Fortune 100.

Thursday, May 24, 2018 - 11:16am

Growing like crazy: Cloud network services provider GTT Communications, IT integrator Trowbridge & Trowbridge and management consulting firm CVP were among award winners recognized for corporate growth at this week's 16th Annual Corporate Growth Awards gala for the national capital region. Check out the other winners and nominees listed by Ben Wicker at Washington Exec.

Thursday, May 24, 2018 - 11:15am

Changing partners: The Virginia Information Technologies Agency, a state agency, will transition in August from Falls Church-area based Northrop Grumman to Reston-based SAIC as the lead partner in providing IT infrastructure services to state agencies. Colin Wood has more for StateScoop

Thursday, May 24, 2018 - 11:14am

The (Manila) envelope, please: ArchIntel of Tysons Corner, which provides daily executive news briefs and competitive-intelligence reporting, said it will acquire e4e Global Services Philippines. According to a release picked up by citybizlist, the move increases ArchIntel's global technological footprint and will enhance the company's Philippines-based operations and commitment to that region.

Thursday, May 24, 2018 - 11:14am

All-American deal: CNBC reports that American Communications Solutions of Fairfax Station acquired the Ellumen business unit that provides IT support services to the Department of Veterans Affairs under the Transformation Twenty-One Total Technology Next Generation acquisition program.

Thursday, May 24, 2018 - 11:12am

International demand: ThreatQuotient of Reston announced it is expanding into Central Europe and the Asia-Pacific region with its threat intelligence platforms. The release, picked up by the Washington Business Journal, indicates the company is now operating in Germany and Australia to create new partner structures and meet demand in those regions.

Fairfax County EDA unveils fresh logo and new colors to enhance brand identity

Wednesday, May 23, 2018

Fairfax County, Virginia -- The Fairfax County Economic Development Authority is displaying its first-ever logo.

The freshly minted logo, featuring a design element that conveys the shape of Fairfax County, the letters “F” and “C,” and a flame or flare in three shades of blue, was unveiled today in the lobby of FCEDA headquarters at 8300 Boone Boulevard in Tysons Corner.

FCEDA President and CEO Gerald L. Gordon, Ph.D., said the logo will enhance the organization’s brand identity locally and globally.

Wednesday, May 23, 2018 - 9:54am

The College Board will expand its presence in Fairfax County, creating 120 new jobs, retaining 614 more

 
 
The nonprofit organization, formed in 1900 to broaden access to higher education, will expand its operation by creating 120 new jobs in addition to retaining 614 existing ones, and by taking an additional 74,000 square feet at Reston Town Center.
 
"The College Board is one of the best-known examples of more than 270 industry and trade associations that have a presence in Fairfax County and benefit from a highly educated workforce and location close to Washington, D.C.," said Gerald L. Gordon, Ph.D., president and CEO of the FCEDA. "I am proud to see this organization, which has a critical role in our nation's higher education system, grow here and take advantage of the brainpower and other assets that draw associations here."
 
The College Board's membership association consists of more than 6,000 of the world's leading educational institutions and is dedicated to promoting excellence and equity in education.
 
Each year, The College Board helps more than 7 million students prepare for a successful transition to college through programs and services including the SAT and the Advanced Placement Program. The organization also serves the education community through research and advocacy on behalf of students, educators, and schools.
 
"Fairfax County has been a great home for The College Board," said Jeremy Singer, COO at The College Board. "Our team in Reston will continue to play a critical role in our efforts to a clear a path for students in Virginia and across the country to own their futures."
 
The deal represents a win for Fairfax County and for Boston Properties, manager of the real estate involved.

"I'm delighted with the governor's announcement that The College Board is expanding in Reston Town Center, the heart of my district," Senator Janet Howell told the Fairfax County Times. "Students from Fairfax County and all over the country benefit from the work and the mission of this highly respected company."
Delegate Ken Plum told the Times:  "The College Board is a wonderful corporate neighbor in Reston, and we welcome and are pleased with their expansion."

Bisnow's Jon Banister noted that The College Board is an excellent fit for Boston Properties because the available expansion space could not accommodate the needs of a large tech company such as Appian, which announced a move to Tysons Corner last month.

"The expansion is also more net positive demand for Northern Virginia's office market, which has led the region so far this year with its strong absorption numbers," Banister wrote.
The FCEDA worked with the Virginia Economic Development Partnership to secure the project for Virginia.

Paul Revere never tried this: It's Lord Fairfax -- on a Harley. 
 
Lord Nicholas Fairfax, the 14th Baron of Cameron, who is a descendant of the namesake of Fairfax County and a current member of the United Kingdom's House of Lords, is in town this week to participate in the 20th anniversary Ride of the Patriots to Rolling Thunder on May 27 and to meet with the planning committee for his upcoming Lord Fairfax Charity Ride
 
The charity ride will take place September 22-25 and will benefit four Northern Virginia charities: Fairfax County Sheriff's Office Project Lifesaver; The Lamb Center; the Fairfax Mason Research Fund at George Mason University; the Bethlehem Baptist Church Community Support Program.

Lord Fairfax will lead this multi-day ride on a Harley-Davidson, which will circumnavigate approximately 5.2 million acres of the original Northern Neck Proprietary/Fairfax Land Grant deeded to the Fairfax family in 1649.

The public is invited to join Lord Fairfax either by motorcycle or car on one-day, two-day or four-day rides. All riders will depart from Patriot Harley-Davidson in Fairfax at 8 a.m. on September 22. Registration and donation information can be found on www.LordFairfaxRide.org.
 
Tomorrow, following his meeting with the planning committee of the LFCR at the Civil War Interpretive Center at Historic Blenheim, Lord Fairfax will conduct an informal discussion on his involvement in the House of Lords. with respect to the United Kingdom's evolving relationship with the rest of the European Union.

Studying STEM pays: Capital One recently awarded $10,000 in STEM education grants to students from Holmes Middle School in the Alexandria area of Fairfax County, Key Middle School in Springfield, Herndon Middle School and Cedar Lane Elementary School in Vienna. 
 
The awards and event -- during which students got to demo new apps at Capital One's Tysons Corner headquarters -- capped a 10-week program for coders which brought STEM education to sixth, seventh and eighth graders.
 
As noted by George Mocharko for Technical.ly/DC, the program helped students develop teamwork skills in solving problems while learning basic principles of software development from Capital One volunteers.
 
"The impact of technology and innovation on our economy and in our daily lives is undeniable," said Erika Dean, senior director for information security at Capital One. "We created the program to help middle school students develop a greater interest in (STEM) science, technology, engineering and mathematics during this critical period in their education."
 
The Capital One program has expanded from two schools in 2014 to 35 schools nationwide.

 

The College Board to expand presence in Fairfax County, create 120 new jobs

Tuesday, May 22, 2018

Fairfax County, Virginia -- Gov. Ralph Northam today announced that The College Board, a nonprofit organization formed in 1900 to broaden access to higher education, will expand its operation in Fairfax County. The company will expand into an additional 74,000 square feet at Reston Town Center. Virginia successfully competed against Washington, D.C. for the project, which will retain 614 existing jobs and create 120 new jobs.

Tuesday, May 22, 2018 - 10:44am

Now hear this: Fairfax County is home to nine firms on the latest Fortune 500With Freddie Mac at No. 38, General Dynamics at No. 99, Capital One at No. 101 and Northrop Grumman at No. 118, the top four Fairfax County companies return from last year's list. Fairfax County has more companies on the Fortune 500 than 30 states and the District of Columbia. WTOP's Jeff Clabaugh picked up on Fairfax County's domination in this area. To learn more about Fairfax County firms on the Fortune 500, click here.

Tuesday, May 22, 2018 - 10:43am

Grand opening looms: The St. James, a massive 450,000-square-foot sports and entertainment center, is under construction in Springfield and the Washington Business Journal's Michael Neibauer has a progress report complete with slideshow. Neibauer toured the facility and reports that up to 650 contractors and subcontractors are working on the 20-acre site, preparing everything from ice rinks and pool to eateries and fitness studio for a scheduled September opening.

Tuesday, May 22, 2018 - 10:43am

... Wait, there's more: Like a good Stanley Cup playoff game, coverage of The St. James is heading into overtime. Turns out that Washington Capitals star Alex Ovechkin is a founding member of the Springfield wellness and entertainment center, where they will be a youth hockey academy and a hockey club for all ages. Angela Woolsey of the Fairfax County Times has the view from center ice.

Tuesday, May 22, 2018 - 10:42am

Old Dominion sees new money: Old Dominion National Bank, now headquartered in Tysons Corner, has raised $38.7 million in funding from 320 new investors and grown its assets from $80 million to more than $200 million in slightly more than a year. In a piece for Washington Business Journal subscribers, Old Dominion CEO Mark Merrill tells Andy Medici that transitioning from a Charlottesville to Tyson Corner has played a major role in growth and that the bank expects to have $300 million in assets a year from now.

Tuesday, May 22, 2018 - 10:42am

Safe space: RunSafe Security, a Tysons Corner provider of cyber-hardening technology to disrupt hackers' tools and techniques, raised $2.4 million in seed funding. Finsmes.com reports that RunSafe focuses its offerings on vulnerable embedded systems and devices across critical infrastructure, notably in the fields of IIoT, automotive, medical and national security.

Tuesday, May 22, 2018 - 10:41am

Happy to be here: Fairfax County is the fourth-happiest place in America, according to SmartAsset.com. It looked at eight factors including affordability, unemployment, life expectancy, rates of marriage, divorce and activity. Derek Miller writes: "This suburban county of the nation's capital boasts one of the highest incomes when compared to cost of living...The average household earns nearly 2.3 times the minimum recommended amount to live a comfortable life."

Tuesday, May 22, 2018 - 10:41am

Beyond the Fortune: Fortune 500 firms DXC TechnologyNorthrop Grumman and Capital One have been recognized with places on Corporate Responsibility Magazine's 19th annual 100 Best Corporate Citizens list. The publication takes into account 260 data points environmental, social and governance activity by major public companies in the U.S.

Tuesday, May 22, 2018 - 10:40am

For those scoring at home: ComScore of Reston, seeking to be relisted on the Nasdaq, received good news when a lawsuit by competitor Nielsen Holdings was dismissed May 10. Andy Medici of the Washington Business Journal says the competing audience-measurement firms will likely work out issues in arbitration, including possible limits on comScore's Extended TV product.

Tuesday, May 22, 2018 - 10:39am

Making an Impact: Saima Malik of E3 Federal Solutions in Tysons Corner has been honored with a 2018 HR Impact Award from the Washington Business Journal. A story by Emily Van Zandt notes that Malik has seen the E3 staff grow from fewer than 50 employees in 2012 to more than 580, during which time she's helped develop an employee recognition program, coordinated networking events and encouraged teams of employees to provide feedback on company culture.

Fairfax County is home to nine firms on 2018 Fortune 500 – more than 30 states and Washington, D.C.

Monday, May 21, 2018

Fairfax County, Virginia -- Nine Fairfax County-based companies, in industries ranging from financial services and hospitality to defense and technology consulting, hold spots on the latest Fortune 500, Fortune magazine’s list of the largest publicly traded companies in the United States.

Thursday, May 17, 2018 - 11:16am

Now hear this: The FCEDA is one of five finalists for the Northern Virginia Chamber of Commerce 2018 outstanding corporate citizenship award (public sector category) to be presented June 13. The award honors extraordinary business leadership and corporate social responsibility. The Fairfax County Office of Public Private Partnerships, Northern Virginia Transportation Authority, Arlington County Police Department and Diversion First Stakeholder Group are the other finalists in the public sector category.

Thursday, May 17, 2018 - 11:16am

The cyber priority: The Cybersecurity 500, an annual ranking compiled by Cybersecurity Ventures of the world's hottest and most innovative cybersecurity companies, is out and 17 have headquarters in Fairfax County. Tysons Corner-based Booz Allen Hamilton leads the county pack at No 15. Others in the top 100: No. 25 Northrop Grumman, No. 52 DXC Technology, No. 61 SAIC, No. 81 Leidos, and No. 95 Cyren. See the entire list here.

On 'White Fear Being Weaponized' And How To Respond

Sunday, May 27, 2018 - 8:03am
A sign is posted May 25 in the window of a Starbucks store, in Chicago. Starbucks will close more than 8,000 stores nationwide on Tuesday to conduct anti-bias training for employees.

White people have called the police on black people in multiple incidents recently, despite no crimes being committed. Professor Khalil Muhammad thinks it's a problem with a complex history.

(Image credit: Kiichiro Sato/AP)

Barbershop: NFL's New National Anthem Policy

Saturday, May 26, 2018 - 5:12pm

In the Barbershop, NPR's Michel Martin talks sports and politics with ESPN commentator Kevin Blackistone, the Seattle Times' Matt Calkins, and former Vikings player Chris Kluwe.

Starbucks Kicks Decisions Back To Their Store Employees

Saturday, May 26, 2018 - 8:12am

After Starbucks announced that everyone is welcome to use their bathrooms, critics said shops would be overrun by the homeless. Who decides who is welcome and who is not goes back to store employees.

Assessing The #MeToo Movement After Weinstein Is Charged

Saturday, May 26, 2018 - 8:12am

What does the arrest of Harvey Weinstein mean for the #MeToo movement in Hollywood? NPR's Scott Simon speaks to reporter Kim Masters, whose investigations of harassment had been quashed by publishers.

Earnings Calls Gone Wild

Friday, May 25, 2018 - 5:34pm
Elon What?

The earnings call is a peculiar Wall Street ritual, one that's almost designed to be boring. So when something interesting does happen it's news. Today, the lessons of those earnings calls gone rogue.

(Image credit: PETER PARKS/AFP/Getty Images)

How The World Trade Organization Resolves Trade Disputes

Friday, May 25, 2018 - 4:23pm

Twenty-three years ago, a lot of countries agreed to follow certain trade rules. If a country broke one of those rules, they agreed the World Trade Organization could make them pay. As the U.S., China and the EU negotiate trade disputes, a look at a past case explains how these issues should get resolved.

Amazon Echo Recorded And Sent Couple's Conversation — All Without Their Knowledge

Friday, May 25, 2018 - 3:16pm
A couple in Portland, Ore., discovered that their Amazon Echo had recorded their conversation and sent it to one of their contacts.

In what it called an "unlikely" string of events, Amazon says Alexa heard background conversation and misconstrued it as very specific directives.

(Image credit: Smith Collection/Gado/Getty Images)

Digital Ambulance Chasers? Law Firms Send Ads To Patients' Phones Inside ERs

Friday, May 25, 2018 - 2:38pm
Some personal injury law firms now automatically target online ads at anyone who enters a nearby hospital

Personal injury law firms are using location-based mobile ads to target people as they enter emergency rooms. The trend is raising concerns among patients and health privacy experts.

(Image credit: sshepard/Getty Images)

Zeynep Tufekci: How Is Our Attention Packaged And Sold As A Commodity?

Friday, May 25, 2018 - 10:28am
Zeynep Tufekci on the TED stage.

Why is it so easy to burn through an hour on YouTube or Facebook? Sociologist Zeynep Tufekci explains how advertisting algorithms have turned our attention into a valuable commodity.

(Image credit: Ryan Lash/TED)

Tristan Harris: What Is The Cost Of Infinite Distractions?

Friday, May 25, 2018 - 10:28am
Tristan Harris on the TED stage.

Designer Tristan Harris says attention is at the core of human experience. He argues that our addiction to technology has the power to threaten our very capacity to think, reason and problem solve.

(Image credit: Courtesy of TED)

Harvey Weinstein Charged With Rape After Surrendering To N.Y. Police

Friday, May 25, 2018 - 7:32am
Law enforcement officers usher a handcuffed Harvey Weinstein into the courthouse for his arraignment in Manhattan on Friday.

The disgraced Hollywood megaproducer turned himself in to authorities Friday morning in New York City, where he was charged with rape and sexual misconduct for incidents involving two women.

(Image credit: Steven Ferdman/Getty Images)

Disgraced Movie Mogul Harvey Weinstein Faces Criminal Charges

Friday, May 25, 2018 - 5:02am

Weinstein surrendered to police Friday in New York City. Rachel Martin talks to Jodi Kantor of The New York Times, who won a Pulitzer Prize for co-reporting the paper's original story in 2017.

Traveling For The Memorial Day Holiday? You're Not Alone

Friday, May 25, 2018 - 5:02am

Millions of Americans are hitting the road, rails or jetting off for the weekend. Gas prices are about 60 cents a gallon higher than this time last year. Roads and planes are expected to be packed.

Why A Europe-Wide Data Protection Law Matters To Others

Friday, May 25, 2018 - 5:02am

David Greene talks to Helen Dixon, Ireland's Data Protection commissioner, about a Europe-wide law that takes effect Friday, which also affects Internet users in the U.S. and globally.

Why Your Health Insurer Doesn't Care About Your Big Bills

Friday, May 25, 2018 - 5:00am
"As bad as NYU is, Aetna is equally culpable because Aetna

Patients may think their insurers are fighting on their behalf for the best prices. But saving patients money is often not their top priority. Just ask Michael Frank about his hip surgery.

(Image credit: Annie Tritt for ProPublica)

NTSB: Uber Self-Driving Car Had Disabled Emergency Brake System Before Fatal Crash

Thursday, May 24, 2018 - 8:48pm
A vehicle drives by the spot where an Uber self-driving vehicle struck and killed a pedestrian earlier this year in Tempe, Ariz. The National Transportation Safety Board released a preliminary report Thursday on the collision.

The National Transportation Safety Board's preliminary report said that sensors saw the victim. But Uber says it's the driver, not its system, that was supposed to intervene to avoid the collision.

(Image credit: Chris Carlson/AP)