KPMG to expand in Fairfax County, create more than 500 new jobs

Alan Fogg (FCEDA), afogg@fceda.org, 703-790-0600 (office) or 571-213-5065 (mobile)

One of the world’s largest professional services firms to invest more than $30 million to expand in Tysons Corner

Wednesday, October 24, 2018

Fairfax County, Virginia –Governor Ralph Northam today announced that KPMG LLP, the U.S. audit, tax and advisory firm, will invest more than $30 million to expand its operations in Fairfax County. Virginia successfully competed against Washington D.C. for this project, which will create more than 500 new jobs.

KPMG will occupy up to seven floors of the 20-story Boro Tower under construction in The Boro development adjacent to the Greensboro Metro Station. The building is expected to open early in 2019.

“We’re committed to Fairfax County and are excited about the growth that we’re seeing here in world-class innovation and leading-edge technology – two areas that align with our own core services and strategic approach” said Jerry Carlson, who oversees KPMG professionals in the Washington Metro area, including the firm’s offices in Tysons Corner as well as Washington D.C.

KPMG is one of the world’s leading professional services firms, providing innovative business solutions and audit, tax, and advisory services to many of the world’s largest and most prestigious organizations.

“KPMG has been a major employer and corporate citizen in Fairfax County for years, and we are delighted to see that the company has chosen the county as a base to expand its audit, tax and advisory business significantly,” said Gerald L. Gordon, Ph.D., president and CEO of the Fairfax County Economic Development Authority. “This coincides with the continued growth and diversification of the county economy and the increasing realization that this is a great draw for the workforce the company wants to attract and retain.”

The FCEDA worked with the Virginia Economic Development Partnership to secure the investment for Virginia. Governor Northam approved a $1 million grant from the Commonwealth’s Opportunity Fund to assist Fairfax County with the project. The company will also be eligible to receive the Major Business Facility Job Tax Credit for new full-time jobs created. Funding and services to support the company’s employee retraining activities will be provided through the Virginia Jobs Investment Program.

“With nearly 2,000 employees across Fairfax County, KPMG is an invaluable contributor to the regional economy, and we are honored that a corporate services provider of this caliber has chosen to grow in Virginia,” Northam said. “This major expansion reinforces the company’s commitment to the Commonwealth and to Northern Virginia’s dependable talent pipeline. We thank KPMG for creating over 500 new, high-quality jobs and look forward to its continued success in Fairfax County.”

One of KPMG's core values is being committed to the communities in which it works, particularly in education and lifelong learning. The firm’s flagship program, KPMG’s Family for Literacy (KFFL), was founded in 2008 in collaboration with the award-winning nonprofit social enterprise First Book. KFFL has distributed more than 4 million new books to low-income children in more than 100 communities nationally.

Locally, KPMG’s offices have seen more than 600 volunteers staff 19 KFFL reading days at 17 different schools across the Washington area, with more than 20,300 books donated in 2018. At two books per student, that’s approximately 10,000 local students impacted by KFFL this year alone.

The award-winning Fairfax County Economic Development Authority promotes Fairfax County as a business and technology center. The FCEDA offers site location and business development assistance, and connections with county and state government agencies, to help companies locate and expand in Fairfax County. In addition to its headquarters in Tysons Corner, Fairfax County’s largest business district, the FCEDA maintains marketing offices in six important global business centers: Bangalore, Berlin, London, Los Angeles, Seoul and Tel Aviv. Follow the FCEDA on Facebook, Twitter and LinkedIn.

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ABOUT KPMG LLP

KPMG is one of the world’s leading professional services firms, providing innovative business solutions and audit, tax, and advisory services to many of the world’s largest and most prestigious organizations.

KPMG is widely recognized for being a great place to work and build a career. Our people share a sense of purpose in the work we do, and a strong commitment to community service, inclusion and diversity, and eradicating childhood illiteracy.

KPMG LLP is the independent U.S. member firm of KPMG International Cooperative (“KPMG International”). KPMG International’s independent member firms have 197,000 professionals working in 154 countries. Learn more at www.kpmg.com/us.