MARCH 2019
The Fairfax County Economic Development Authority (FCEDA) promotes Fairfax County, Virginia, as one of the world's best business locations, and our offices around the globe work with businesses interested in expanding in the U.S. market. We are delighted to have this opportunity to tell you about some of our recent work at our Tysons headquarters and our satellite offices to help companies.
NEWS FROM OUR SEOUL OFFICE
FCEDA partners with Knowledge Jobs Forum

The FCEDA has entered a partnership with Knowledge Jobs Forum, which is initiating a variety of incubating and acceleration programs to support members who wish to expand their businesses through global market partnerships with international organizations. The Korean-American Chamber of Commerce in the U.S. and Israel Advanced Technology Industries in Israel are also partners.

Andrew Yu, the FCEDA’s business development manager for Asia,attended a Knowledge Jobs Forum event in December where he discussed the business environment of Fairfax County, services available through the FCEDA, and cooperation to support Korean high-tech companies with an eye on expanding businesses in Fairfax County.

Knowledge Jobs Forum is a non-profit organization registered under the Korean Ministry of SME and Startups. The Forum’s mission is to promote knowledge-based job creation through cooperation among industrial associations, governmental bodies and the nationalassembly of Korea. Forum members include experts in intellectual properties, software and content properties and tech-driven startups. The Forum aims to protect rightsof creators and developersand to incubate and accelerate their business for sustainable growth.
Attendees at the Knowledge Job Forum pose for a group photo. (Photo, Knowledge Job Forum)
PSI International, Biosecumax continue their growth in Fairfax County

PSI International, a Korean-owned IT provider, continues to grow, announcing in the fourth quarter of 2018 that it will add 50 new jobs in 2019.  

The company recently moved to new 10,000-square-foot headquarters in the Fairfax area of Fairfax County. It’s not the first time PSI has moved. The company, founded in 1977, moved to the Washington, D.C. area in 1984.

PSI has expanded beyond the boundaries of a traditional IT company, providing a blend of technology, health science, and social-services support to clients around the world.
The company’s subject-matter expertise and technical capabilities resulted in contracts for U.S. government agencies including the Department of Health and Human Services, Department of Veterans Affairs and NASA.

Also expanding its workforce: Biosecumax, a Korean-based company that employs high-sensitivity intelligent sensors to do important work in the field of ordinance-threat detection. The company, dedicated to global safety and security, plans to add more than 40 jobs at its location in the Tysons area of Fairfax County
Partnership with Global SMEs Business Council

The Global SMEs Business Council (GSBC) is a non-profit association, certified by the Korean Ministry of SMEs & Startups. GSBC is providing consulting services for SMEs to enter global markets and developing new business through collaboration with small and medium-sized enterprises worldwide.

The FCEDA’s Andrew Yu met with GSBC and its member companies during his December visit to Korea and discussed how to create soft landings for Korean SMEs thinking about doing business in Fairfax County.

Dr. YoungHee Ro, president of GSBC, is in charge of the collaboration effort and is preparing the GLACE (Global Alliance Center) Platform through work with agencies in the European Union, China, South America, Korea, and the U.S. 
FCEDA attends IT Expo Busan & Cloud Expo Korea

FCEDA Korea Office Director Charles Kim attended the IT Expo Busan & Cloud Expo Korea held at the Busan Exhibition and Convention Center in September.

At the exhibition and conference, Kim had one-on-one meetings with Korean ICT companies that are expanding their business to the U.S. market. He introduced Fairfax County as a prime location for Korean ICT companies that wish to start, relocate or expand their business in the U.S. and cited FCEDA services, advantages of doing business in Fairfax County including the proximity to Washington, D.C., and resources available for Korean high-tech companies.

Kim also attended the 2018 Korea Sourcing Matching Fair organized by the Anyang Creative Industry Promotion Agency. There, he conducted individual meetings with ICT and high-tech companies in Anyang City and discussed business opportunities in the U.S. commercial and government procurement markets.
The FCEDA’s Charles Kim (right) meets with representatives of Hyundai ICT during the IT Expo Busan event. (Photo, FCEDA)
The FCEDA’s Korea representative Charles Kim (left) met with Anyang City Mayor Daeho Choi, during the 2018 Korea Sourcing Matching Fair, featuring high-tech companies in Anyang City. (Photo, FCEDA)
NEWS FROM OUR HOME OFFICE
Business is booming in Fairfax County

The FCEDA reported that it worked with 142 companies, leading to the creation of nearly 8,900 new jobs in the county in 2018. Of those 142 firms, 43 hail from countries outside the U.S.

 “The 2018 announcements reflect Fairfax County’s growing economic diversity, its skilled workforce, and the availability of prime office and tech space that is attractive to major corporations,” said Catherine Riley, interim president of the FCEDA. “Companies have many choices on where to locate and expand, and we are proud that so many firms chose Fairfax County as a base from which to grow and succeed.”

On November 13, Amazon announced that a northern Virginia site would become a destination for its second headquarters (HQ2). That decision will ultimately create tens of thousands of jobs and billions ofdollars of investment in the Washington, D.C. and northern Virginia region.

Having HQ2 in northern Virginia is expected to bring important jobs, business diversity and innovation to Fairfax County. Importantly, it will serve to attract global companies that wish to work with Amazon and create opportunities to build partnerships.  Proximity tothe federal government and Washington Dulles International Airport as well as an exceptional talent base from which to draw continue to be other factors for major companies to select Fairfax County and the northern Virginia region.

Latest numbers place the number of foreign-owned companies in the county at 437, including 64 from the U.K., 64 from Korea, 34 from Israel and 30 from India. European firms with German, French and Dutch ownership account for 74 more firms.
Sign of the times: Construction cranes loom over the Tysons, Virginia skyline where high-rise, multi-use projects are creating more jobs and more opportunities for a variety of companies (Photo, FCEDA)
FCEDA joins in celebration of United’s nonstop service between Dulles and Tel Aviv

More than 200 members of the Washington-area air travel and business communities turned out in Tysons on February 21 to celebrate United Airlines’ upcoming nonstop service between Washington Dulles International Airport and Tel Aviv’s Ben Gurion Airport. 

“Our organization is very excited with the conclusion of a project that started about 10 years ago,” said Jan Mul, international marketing director of the Fairfax County Economic Development Authority (FCEDA), which collaborated with United Airlines and the Metropolitan Washington Airports Authority (MWAA) in organizing the gala. “From an economic development perspective, I cannot stress enough the importance of Dulles International Airport in our region.
 
“It is not for nothing that companies such as Amazon, Volkswagen, Hilton and many more have selected this region as home for their headquarters. When you read about the rationale for their decision, you hear [about] the high-qualify workforce, diversity and the proximity to an international airport.”

Dulles International sits at the western edge of Fairfax County, about 25 miles from Washington, D.C.  The airport serves as a hub for United Airlines, which will begin its Dulles-to-Tel Aviv service on May 22.

Jack Potter, president and CEO of MWAA, and Steve Morrissey, United’s vice president of international regulatory and policy, agreed that they’d like nothing more than to see the service, which will initially operate three times a week, expand to daily service in short order.

“The Washington-Tel Aviv air travel market has grown by more than 40 percent in the past five years, showing clear demand for this important route,” Potter said.

“I am very excited for the direct flights,” said Yifat Alon-Perel, minister for economic and trade affairs at the Israeli Embassy. “I think it will be wonderful for the business community. I foresee more and more Israeli companies coming to this area and, hopefully, more American businessmen from the Fairfax County area engaging with Israel.”
Among those attending the February 21 United Airlines gala at the Hyatt in Tysons, Virginia were (l tor) Yil Surehan, vice president, business development for the Metropolitan Washington Airports Authority (MWAA); Steve Morrissey, United Airlines vice president, regulatory and policy; Yifat Alon-Perel, minister for economic and trade affairs, Embassy of Israel; Jan Mul, international marketing director, Fairfax County Economic Development Authority (FCEDA); Jack Potter, president and CEO of the MWAA.  (Photo, MWAA).
KPMG makes major commitment to Fairfax County

KPMG LLP is headquartered globally in Amstelveen, Netherlands, but it’s growing by leaps and bounds in Fairfax County.

The company, one of the world’s largest professional services firms, recently announced it will invest more than $30 million to expand its Tysons operations in Fairfax County with a project that will create more than 500 new jobs.

KPMG will occupy up to seven floors of the 20-story Boro Tower which is nearing completion. 

“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. KPMG, which specializes in financial, tax and advisory services, has more than 200,000 worldwide employees and will have close to 2,000 in Fairfax County.
Global augmented identity firm IDEMIA moves North American HQ to Fairfax County

IDEMIA, based in Paris, announced on December 19 that it will relocate its North American headquarters to Reston in Fairfax County from Billerica, Mass., outside of Boston. The company is planning a ribbon-cutting event in the spring to celebrate its new space.

The company, a trusted partner to U.S. government agencies for more than 50 years, is a leading innovator in biometric technology and solutions used by states and many federal agencies, including the Department of State and Department of Homeland Security.

IDEMIA, which will create 90 new jobs in its Fairfax County location, provides 80 percent of all U.S. driver’s licenses and ID-issuance solutions for 37 of 50 U.S. states.
Find FCEDA on Instagram!

As part of the larger mission of promoting Fairfax County as one of the world’s best business locations, the Fairfax County Economic Development Authority (FCEDA) has launched an Instagram account, adding this platform to its social media portfolio. 

The FCEDA Instagram account ( https://www.instagram.com/fairfaxcountyeda ) will provide updates and information on Fairfax County business news, announcements along with facts and statistics highlighting the Fairfax County economy.  

The FCEDA can also be found on Facebook, LinkedIn and Twitter.
The Fairfax County Economic Development Authority (FCEDA) 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. 

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

Offices worldwide: 
Bangalore/Mumbai, Berlin, London, Los Angeles, Seoul, Tel Aviv

Fairfax County: "One of the great economic success stories of our time" -- Time magazine


Fairfax County Economic Development Authority - Headquarters
8300 Boone Boulevard, Suite 450
Tysons, Virginia 22182
Telephone: +1 703-790-0600
Fax: +1 703-893-1269
E-mail:  info@fceda.org