Find Out More About the Alexandria, Kingstowne and Springfield Area Economy & Job Market 

With a highly trained and educated workforce, attractive quality of life, competitive tax structure and close proximity to Washington, D.C., Fairfax and Arlington Counties have varied and thriving economies. The City of Alexandria is further boosted by tourism.
Regional Headquarters find the area attractive as an affordable location close to the nation's capital; Fairfax County has one of the largest commercial office markets in the nation (one large office space area is in Kingstowne) and more than two million square feet of new office complexes have been developed within Alexandria itself. Business headquarters that have expanded or relocated to the area include: the Public Broadcasting Service, the American Diabetes Association, TRW, AT&T, Technology Applications, Capitol Publications, Fokker Aircraft USA, Softec, and the American Society for Training and Development. The county also hosts government contractors, trade and professional associations, retail firms, wholesale distributors, and business and financial services.
Other core industries consist of information technology integration firms, software development and application firms, Internet service providers and Web hosting data centers, e-commerce companies, telecommunication firms and aerospace companies. Businesses range from entrepreneurial start-ups to multi-billion dollar enterprises. Seven Fortune 500 firms call Fairfax County home: Federal Home Mortgage Loan Corp. (Freddie Mac), General Dynamics, Capital One Financial, Nextel Communications, Sallie Mae, NVR and Gannett Company. The County hosts over 260 foreign-owned firms and more than 4,650 technology firms. The majority of businesses are small and locally owned however, with 97% employing fewer than 100 employees. The Fairfax County Economic Development Authority assists companies in obtaining various state and local investment incentives, including a "Major Business Facility Job Tax Credit" (a tax credit of 1,000 per qualifying employee) and a "Workforce Services Program" (which grants consulting, hiring and training assistance to qualifying companies). Rapid economic growth has provided the area's residents with one of the highest standards of living in the world. Fairfax County members enjoy one of the highest median family incomes in the nation.  

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