Business News from the Fairfax County Economic Development Authority – May 12

Fairfax County Economic Development Authority Talk of Tysons

Victor Hoskins honored by U.S. Small Business Administration

Victor Hoskins, president and CEO of the Fairfax County Economic Development Authority (FCEDA), was honored by the U.S. Small Business Administration (U.S. SBA) Washington Metropolitan Area District Office as the recipient of its 2022 Director’s Partnership Award. Hoskins was presented with the award in a virtual ceremony on May 4 during the U.S. SBA’s annual National Small Business Week activities.

“This special honor recognizes and celebrates the longstanding bonds between the Fairfax County Economic Development Authority and the SBA-Washington Metropolitan Area District Office,” wrote U.S. SBA Washington Metropolitan Area District Director Larry G. Webb in a letter of congratulations to Mr. Hoskins. “Our two organizations regularly collaborate to provide critical support services to local entrepreneurs and the business development ecosystem that helps sustain them.”

While Fairfax County is well known as home to many corporate headquarters and large government contractors, more than 90 percent of the county’s businesses are considered as small, with less than 50 employees.

“I am extremely honored to receive this award on behalf of those who truly deserve to be recognized today,” said Mr. Hoskins. “This recognition is a direct result of decades of work by people like Karen Smaw, Fairfax County EDA’s Director of Diversity Business Investment and Entrepreneurship. Karen’s leadership and passion to help diverse and small businesses is unparalleled.”

Under the leadership of Ms. Smaw, FCEDA’s Diversity Business Investment and Entrepreneurship Division provides a wide range of services for current and prospective small business owners, including Entrepreneurship 101, a bi-monthly virtual workshop delivered in collaboration with the U.S. SBA, Virginia Department of Small Business and Supplier Diversity (SBSD), and the Community Business Partnership (CBP). Since its inception, more than 8,000 individuals have attended these workshops.

In addition, FCEDA facilitates free business mentoring services through an arrangement with SCORE, a resource partner of the U.S. SBA. Commercial real estate location assistancetaxes, investments and incentive information; and talent acquisition services are also among the services provided to small businesses in Fairfax County.

“Small businesses are the foundation of our vibrant economy here in Fairfax County and helping these entrepreneurs and start-ups get off the ground and ultimately thrive is at the core of what we do,” said Ms. Smaw. “Our long-standing collaboration with the U.S. SBA, and state and local partners was especially vital as we worked together to support our small businesses during the pandemic.”

At the start of the coronavirus pandemic in March 2020, FCEDA shifted its main focus to helping the many small businesses impacted by the unprecedented situation, especially in the retail and hospitality sectors. FCEDA supported Fairfax County Board of Supervisors and Fairfax County Department of Economic Initiatives to deliver $52 million in grants to almost 5,000 businesses with less than 50 employees to help them survive the pandemic. The majority of these businesses were minority-, women-, or veteran-owned businesses.

“During the pandemic, we combined forces at the local, state, and federal levels to save jobs. Saving those jobs saved households. And that has saved our community,” Mr. Hoskins added.

For resources available to entrepreneurs and small businesses, visit https://www.fairfaxcountyeda.org/small-business/.

On a roll

Boeing’s announcement last week to re-locate its corporate headquarters from Chicago to Arlington is just the latest of a string of companies expanding to Northern Virginia since Amazon picked Arlington for their second headquarters in October 2018. More on technical.ly.

Affordable housing jump

Fairfax County Board of Supervisors Chairman Jeffrey C. McKay propelled down 14 stories on the side of the Hilton Crystal City to raise funds for New Hope Housing, a nonprofit committed to ending homelessness, InsideNoVa reported. In a release, McKay addressed the importance of affordable housing in Fairfax County, citing the board’s pledge to create 10,000 affordable housing units by 2034.

Getting data to firefighters

New drones can detect wildfires earlier, and by next year, some firefighters will have computer-based “hazard mapping systems” that can give them “trusted information in real-time,” said Andy Henson, vice president of artificial intelligence at Reston-based Science Applications International Corp.  Scientific American has more.

Another acquisition

Fairfax-based Axiologic Solutions, a federal IT solutions firm specializing in serving the nation’s national security and intelligence missions, acquired Tysons-based intelligence technology services firm Data Intelligence Technologies, which specializes in data science, cybersecurity and artificial intelligence. This follows Axiologic’s purchase in January 2021 of Herndon’s Knowledge Link, a program management firm. The Washington Business Journal has more.

Space experiment

Reston-based CACI International is funding an experiment to demonstrate space technologies for military use, including an alternative to GPS navigation, SpaceNews reported. As part of the company’s plan to grow its space business, CACI is launching two demonstration payloads on a York Space satellite scheduled to fly to low Earth orbit in January aboard the SpaceX Transporter 7 rideshare.

Center for Strategic Competition

 MITRE launched a center to help the country’s U.S. public and private sector leaders gain insight into military competition below armed conflict and other related areas. The Center for Strategic Competition seeks to combine the nonprofit corporation’s technical services with analytics and modeling tools to support decision-makers. Read more at ExecutiveGov.

Timely, data-driven decisions

Reston-based SES Government Solutions, in partnership with San Francisco-based Planet Labs, won a contract from NASA to support the development and demonstration of near-Earth communication services in support of the agency’s future mission needs. SpaceRef has more.

Best managed company

Herndon-based Peraton was selected as a 2022 U.S. Best Managed Company. Sponsored by Deloitte Private and The Wall Street Journal, the program recognizes outstanding U.S. private companies and the achievements of their management teams, Virginia Business reported.

New funding round

Razor’s Edge Ventures, a Reston-based investment firm focused on the national security technology sector, said it has co-led a new $27 million round of funding for New Mexico-based space technology company X-Bow Systems, which also has a presence in the D.C. area. Crosslink Capital also co-led the company’s first round, with Bethesda’s Lockheed Martin Ventures also participating. X-Bow is developing 3D-printed solid rocket motors. Potomac Tech Wire picked up the release.

Making the grade

Fairfax County-based Reston Hospital Center (Reston); Inova Fair Oaks Hospital (Fairfax); and Inova Fairfax Hospital (Falls Church area) all received an “A” rating for patient safety in the Spring 2022 Hospital Safety Grades report by The Leapfrog Group, an independent nonprofit health care watchdog group, Patch reported.

Dedicated facility for cancer screening and prevention opens

The Inova Saville Cancer Screening and Prevention Center in Fairfax opened Wednesday to serve patients at average and high risk for cancer, according to the Falls Church-based health system. It is the first dedicated facility for cancer screening and prevention in Greater Washington, according to Inova, the Washington Business Journal reported.

Capital-to-capital connections

United Airlines added three weekly nonstop flights from Washington Dulles International Airport to Amman, Jordan, the Metropolitan Washington Airports Authority announced. “Amman, Jordan, is the 39th global capital city to be directly connected to the Washington, D.C., region via Dulles International Airport,” airports authority CEO Jack Potter. “These capital-to-capital connections are important to our nation and our region, and we are grateful that our partners at United Airlines provide 26 of these 39 connections.” Virginia Business has more.


About the Fairfax County
Economic Development Authority

The Fairfax County Economic Development Authority (FCEDA) promotes Fairfax County, Virginia, 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.

Want to know more about the services of the FCEDA, or how economic development helps Fairfax County? Visit the  FCEDA website or e-mail  info@fceda.org.

Fairfax County: “One of the great economic success stories of our time” — TIME