News

An information technology company that received competing offers from Texas, Florida and West Virginia has decided to stay put in Tysons.

Described by the Fairfax County Economic Development Authority as “one of the fastest growing” IT service companies in the U.S., 22nd Century Technologies is committing $1 million to an expansion of its headquarters in the EastBoro I office building at 8251 Greensboro Drive.


Countywide

Local economic development organizations have joined forces to launch a comprehensive initiative aimed at assisting federal employees, contractors and other professionals facing career disruptions.

“The Pivot” is an initiative of the Northern Virginia Economic Development Alliance, which includes the Fairfax County Economic Development Authority.


News

A company whose satellites help connect people across the globe is looking to expand its footprint in Tysons.

After more than a decade at 1775 Tysons Blvd, Iridium Communications will move its corporate headquarters to the west side of Tysons Galleria, investing $13 million to build out a 55,000-square-foot space at 1676 International Drive.


Countywide

Even without taking into account the global economic havoc being wreaked by new tariffs, the Trump administration’s gutting of the federal workforce could have worse impacts on the D.C. region than Covid, Fairfax County authorities say.

A 20% reduction in the federal workforce could devastate the economy in Fairfax County, where approximately 80,000 residents — about 13% of the workforce — are employed by the federal government, according to updated data from the Fairfax County Economic Development Authority (FCEDA).


News

United Airlines is building a new facility to train its flight attendants based at Dulles International Airport and elsewhere in the D.C. region.

Construction is now underway on the 20,000-square-foot Inflight Training Center, a $16 million investment that’s expected to open sometime next year, the Fairfax County Economic Development Authority (FCEDA) announced yesterday (Monday).


News

A Canadian company that makes electronic systems for airplanes is swooping into Reston.

CMC Electronics will invest $5 million to establish an office and research and development facility in Reston, bringing 89 new jobs with plans for more positions as it builds up its operations in the area, Virginia Gov. Glenn Youngkin announced on Friday (Nov. 1).


News

Fortune magazine has named Chantilly the third-best place for families to live out of 2,000 cities across the U.S.

This is the first time that Chantilly has appeared in the annual rankings, which began with 25 locations in 2022. The 2023 and 2024 rankings expanded to 50 communities — one from each state — with Alexandria representing Virginia last year.


Countywide

Despite steady growth in employment numbers, office vacancy rates in Fairfax County continue to rise.

Stephen Tarditi, director of market intelligence at the Fairfax County Economic Development Authority (FCEDA), presented recent data on office vacancies to the Board of Supervisors during an economic advisory committee meeting yesterday (Tuesday).


News

An information technology consulting firm based in Reston is growing faster than any other company in the D.C. area, according to the Washington Business Journal.

Goldschmitt and Associates topped the newspaper’s 2023 ranking of the 50 fastest-growing companies in the region, as determined by the average percentage of revenue growth it saw from 2020 to 2021 and 2021 to 2022.


News

The fastest-growing company in Fairfax County is a Tysons-based cybersecurity firm whose stated goal is to “fundamentally change” how organizations get technical expertise.

MOXFIVE claimed the 39th spot overall and the top spot for the security industry on the latest Inc. 5000, an annual ranking of the country’s most successful privately owned companies based on their revenue growth.


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