Virginia sees Q2 tech job growth amid COVID-19, fueled by Fairfax County; state shines in business climate rankings
Dice, a leading tech-career hub connecting employers with skilled technology professionals, issued its Q2 Tech Job Report revealing that job postings in Virginia during the coronavirus (COVID-19) pandemic rose 11 percent compared to the second quarter of 2019. Three Virginia-based employers named in the Dice report – Booz Allen Hamilton, General Dynamics and Leidos – are all headquartered in Fairfax County.
“The Board of Supervisors last year funded the Fairfax County Economic Development Authority’s (FCEDA) talent attraction and retention initiative because of a critical shortage of skilled workers particularly in technology sectors, and with this report we see that vision paying off as many of our companies continue to hire for tech positions even during the pandemic,” said Fairfax County Board of Supervisors Chairman Jeffrey C. McKay.
In terms of year-over-year changes, Virginia was the only state in Dice’s top four list to report an increase in quarterly job postings. In comparison, Dice reported declines in California, Texas and New York job postings of 28 percent, 2 percent and 34 percent, respectively.
During 2019 and 2020, name-brand tech companies have chosen Fairfax County and Northern Virginia to expand their footprint: Microsoft, Amazon Web Services, Google and Facebook all made location decisions in Fairfax County.
“The fact that companies continued to hire in Virginia for tech talent during the pandemic, as seen in the Dice report, highlights the resilience of the economy here relative to other places – and spotlights how strong a technology community we have here,” said FCEDA President and CEO Victor Hoskins.
This week, Virginia also ranked highly across a variety of categories in the 2020 State Rankings by Business Facilities, a national publication that is a location source for corporate site selectors and economic development professionals:
- 1 in Cybersecurity Leaders
- 1 in Digital Infrastructure
- 1 in Unmanned Aerial Systems
- 2 in Business Climate
- 3 in Workforce Development/Talent Attraction
The 16th annual rankings by Business Facilities highlights how Virginia has taken a leadership position in cloud computing and cybersecurity, as the top-ranked state in the publication’s Cybersecurity Leaders ranking. Fairfax County is the U.S. hub for cybersecurity and national-defense assets thanks to its robust cyber cluster, which includes more than 500 firms ranging from startups to Fortune 500 companies. In fact, of the top Cybersecurity 500 global firms, more than 50 have a presence in Fairfax County, with nearly half of those headquartered in the area.
“The Business Facilities rankings are exactly the kinds of input that business executives want to see when they evaluate location decisions – what kind of business environment can they rely on,” added Hoskins.
Boasting 8,700 technology establishments and more than 50 Cybersecurity 500 firms, Fairfax County is a proven resilient tech hub. It is the business hub of the Washington, D.C., area, which is projected to add more than 130,000 tech jobs within the next five years, outranking cities such as San Francisco and Austin.
Earlier this month, CBRE, the world’s largest real estate firm, issued its 2020 Scoring Tech Talent report that ranks the 50 largest technology markets in the U.S. and Canada. The DMV jumped two spots to #2, behind only the San Francisco Bay area. The CBRE scorecard uses 13 metrics to measure each market’s depth, vitality and attractiveness to companies seeking tech talent and to tech workers seeking employment.
The 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, Fairfax County’s largest business district, the FCEDA maintains business investment offices in six important global business centers: Bangalore/Mumbai, Berlin, London, Los Angeles, Seoul and Tel Aviv. Follow the FCEDA on Facebook, Instagram, LinkedIn, Twitter and YouTube.
The FCEDA is a member of the Northern Virginia Economic Development Alliance, which promotes and markets Northern Virginia outside the region and conducts activities and events to build the regional business community. Other members of NOVA EDA are the Alexandria Economic Development Partnership, Arlington County, City of Fairfax, City of Falls Church, Fauquier County, Loudoun County, City of Manassas, City of Manassas Park and the Prince William County Department of Economic Development.
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July 31, 2020