Fairfax NOVA: The Driving Force Behind the #1 Tech Hub in North America
Blending hard infrastructure information with talent metrics shows where tech reigns supreme: The Washington, D.C. region has been ranked as the #1 Tech Hub in North America in the Site Selection’s inaugural North American Tech Hubs Index, solidifying the region’s reputation as a powerhouse for cutting-edge innovation, entrepreneurship, and accelerated business growth.
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At the center of the #1 Tech Hub in North America is Fairfax County, globally recognized as the economic engine that drives the growth of the Washington, D.C., region’s thriving technology ecosystem.
“Fairfax County’s success in building a world-class economy has been fueled by our strategic transformation from merely a government town to a globally recognized deep tech powerhouse with an ecosystem of more than 10,000 technology companies,” said Victor Hoskins, president and CEO of the Fairfax County Economic Development Authority (FCEDA).
“For decades, FCEDA has been committed to leading this transformation for the region. And, for the past five years, we have deliberately accelerated our efforts to foster business investment and talent attraction, expansion, and growth in targeted sectors from Artificial Intelligence (AI) to quantum technology, space commercialization and next-generation digital infrastructure to drive innovation,” Hoskins continued.
“The total economic impact of our accelerated efforts focusing on growing and attracting investment in deep tech has been substantial. Between 2019 and 2023, the businesses we supported produced $22.8 billion in total output or sales, $10.3 billion in employee income, and 73,102 jobs in the region. In Fairfax County alone, these businesses generated over $5.8 billion in local employee compensation and added 41,846 jobs to the local economy.” |
From Big Ideas to Big Business: Growing the Deep Tech Ecosystem
Fairfax County’s tech ecosystem continues to expand as leading companies choose Fairfax for their headquarters, R&D centers, and innovation hubs. In the last reporting year, Fairfax County’s economy grew an astonishing 9.3% to $167.5 billion, outpacing the rest of the region and the nation. A few recent examples of businesses making investments in the Fairfax County economy and contributing to accelerated tech innovation in the region include:
In recent developments, several Fairfax County-based and FCEDA-supported companies have also announced significant partnerships and initiatives in AI and advanced technologies, further solidifying the region’s status as a leading tech hub. A few examples of significant announcements made just this month include:
Fairfax County has also cultivated a vibrant tech startup ecosystem where entrepreneurs thrive. With hundreds of startups in key industries such as AI, cybersecurity, fintech, and healthtech, Fairfax County provides:
Fairfax County’s entrepreneurial ecosystem continues to attract high-growth startups, venture capital firms, and accelerators, making it a premier destination for technology and innovation-driven businesses. Here are a few homegrown success stories:
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