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Fairfax County Economic Development Authority Business News – July 5

How Northern Virginia is working with Europe to strengthen and preserve the local economy and environment – ​​and what more can be done

Northern Virginia’s business and economic ties with Europe were the focus of a June 26 webinar hosted by the Northern Virginia Regional Commission. Keynote speakers were Victor Hoskins, President and CEO of the Fairfax County Economic Development Authority; Dr. Daniel S. Hamilton, Senior Non-Resident Fellow at the Brookings Institution and Senior Fellow at the Foreign Policy Institute at Johns Hopkins University SAIS; and Jill Kaneff, Senior Regional Demographer at the Northern Virginia Regional Commission. Dr. Dale Medearis, Senior Regional Planner at the Northern Virginia Regional Commission, moderated the panel.

Fairfax County: US location for over 100 European companies

Fairfax County is home to more than 400 foreign companies from around the world. The $8.7 trillion transatlantic economy employs more than 16 million workers in reciprocal employment relationships on both sides of the Atlantic. Ties are particularly strong in portfolio investments, bank receivables, trade and subsidiary sales of goods and services, digital links, energy, mutual investment in research and development, patent cooperation, technology flows, and sales of knowledge-intensive services.

The transatlantic economy has a special impact on Virginia in general and Northern Virginia in particular. Six of the top 10 foreign investors in Northern Virginia are from Europe (Great Britain, Germany, Ireland, France, Switzerland and the Netherlands). Together, these six countries invest about $4 billion in 570 foreign companies, creating about 30,000 jobs – primarily in the science, technical services and information sectors.

More than 100 continental European companies are currently part of Fairfax County’s dynamic and diverse business community. For more information on European companies in Fairfax County, click here.

Interstellar Dreams opens Aerospace Camp at Reston Town Center

With the global space industry expected to reach $1 trillion by 2040, career opportunities will quickly expand at commercial space companies as well as government agencies and defense contractors. As Fairfax County and the Greater Washington region emerge as a global center for the space industry, Robin McDougal founded Interstellar Dreams, a program of the Pearl Project Institute for Innovation in STEM (Science, Technology, Engineering, and Mathematics), a nonprofit organization dedicated to developing future space talent in the region and across the state of Virginia.

Sponsored by Leidos and Boston Properties, Interstellar Dreams concluded the first session of its Summer Space Exploration Camp on June 24 at its pop-up space center in Reston Town Center. Interstellar Dreams offers a new take on a summer space camp for rising sixth- through ninth-graders that combines “hands-on” fun and “mental” engineering with imagination to shape the future of space exploration. Interstellar Dreams inspires passion and promotes awareness for STEM careers in the emerging commercial space industry. Participants use their imagination to shape the future of space exploration and space tourism. While building on the history of space exploration, the role of satellites and careers in aerospace, campers solve problems using critical thinking techniques.

Click here to view the magazine “Interstellar Dreams”.

During the press conference, students presented their week-long aerospace learning experience, titled “The Road to Mars,” to parents and guests from the Fairfax County Economic Development Authority and the Greater Reston Chamber of Commerce.

Click here to view The Road to Mars press conference guide, which includes photos from the event at the space center.

Registration for the upcoming camps is open: (The focus of the camp is noted.)

  • Session No. 2: July 8-12: The Interstellar Moon Gate
  • Session No. 3: 15-19 July: The Earth is changing: Observing with microsatellites
  • Session #4: July 22-26: Planet Hunters Unite: Search for Strange New Worlds
  • Session No. 5: July 29 – August 2: The Wild Sun
  • Session No. 6: August 5-9: Astronauts, Living and Working in Space
  • Session #7: August 12-16: Space Entrepreneurs: Design a Space Company

Click here for registration information.


About Fairfax County
Economic Development Authority

The Fairfax County Economic Development Authority (FCEDA) promotes Fairfax County, Virginia, as a business and technology center. The FCEDA provides site selection and business development assistance, as well as contacts with county and state agencies to help companies locate and expand in Fairfax County.

Want to learn more about FCEDA services or how economic development helps Fairfax County? Visit the FCEDA website or E-Mail [email protected].