A Little about FairfaxWhat does Fairfax offer its businesses, its visitors and its residents? For starters, a prime location convenient to the nation’s capital and its cultural riches. Not only does this affluent D.C. suburban area provide diversity in its economy, its workforce and its communities, it also boasts one of the highest household incomes in the nation and the lowest unemployment rate of any U.S. metropolitan region. Add to the mix top-notch public schools, a competitive tax structure, and a highly educated workforce (58% of residents over age 25 have obtained bachelor’s degrees or higher), and you have all the elements in place to illustrate that Fairfax is a region on the move.
A Great Place for BusinessesFairfax County is the largest jurisdiction in the Washington Metropolitan area, with a population of 1.1 million. Additionally, Fairfax County is the second largest job center in the Washington Metropolitan area and largest in the state with 590,282 jobs. The area has added more than 9,000 new business establishments and nearly 232,000 new jobs since 1990 and continues to attract new businesses to the area. Recent corporate relocations include Bechtel Global Operations Headquarters, Hilton Worldwide, Intelsat U.S. Headquarters, Northrop Grumman, SAIC and Volkswagen North America.
Fairfax County is home to 10 Fortune 500 Companies, the second highest concentration on the East Coast, (Booz Allen Hamilton, Capital One Financial, CSC, Freddie Mac, Gannett, General Dynamics, ITT Exelis, NII Holdings, Northrop Grumman and SAIC). In addition to a high concentration of Fortune 500 Companies, Fairfax County has a thriving small business community (fewer than 50 employees), which accounts for more than 94 percent of the companies in the county. Fairfax County also has the highest concentration of technology jobs (144,000+) and received more federal procurement dollars than any jurisdiction in the nation as well as 47 states and the District of Columbia.