Local

[Print]  [Email]        

Economic success stories cite Fairfax

By: William C. Flook
Examiner Staff Writer
June 21, 2009

Executives from three of the biggest companies to move to Fairfax County in recent years cited the county’s pro-business environment, proximity to the nation’s capital,  desirable labor pool and high quality of life for employees and their families.

Hilton Hotels, Volkswagen of America and Computer Sciences Corp. rank among the county’s top economic development successes, and the recent relocation of their headquarters is helping Fairfax’s economy stay afloat as employers in other parts of the commonwealth hand out pink slips.

At a forum in Tysons Corner, Kevin Jacobs, Hilton’s vice president of corporate strategy, said the hotel chain looked at “dozens of cities” — including its existing home in Beverly Hills — before deciding to move its headquarters to Tysons Corner.

The Washington area has a wealth of lodging industry talent, he said. The area is home to major hotel giants such as Marriott Corp., Choice Hotels and Host Hotels & Resorts.

And Jacobs — in a rarely heard pronouncement — said the region offered greater access to affordable housing and lower commute times.

“Beverly Hills is not the least expensive place in America to live, so you have a lot of people who have very long commutes from places where housing is more affordable,” he said. “The quality of life can be a lot better here.”

The trade-off was just the opposite for Volkswagen — which moved its headquarters from the Detroit suburbs to Herndon last year — with its employees paying more for housing and sitting in traffic longer, said David Geanacopoulos, the automaker’s executive vice president for public affairs and general counsel. But he said the move put Volkswagen closer to its customers.

Asked what Fairfax County would need to do to keep the employers, Geanacopoulos, Jacobs and Terrance Bilbo, corporate vice president for information technology giant Computer Sciences, all pointed to successful long-term land use and transportation planning and maintaining a “pro-business environment.”

“The best way to create revenue is keep the taxes down,” Bilbo said.

He said the county needed to invest in a road network that carried commuters “not just suburban to downtown, but suburban-suburban.”

Computer Sciences announced its relocation from the Los Angeles area to Falls Church last year.

The panel was organized by the Fairfax County Economic Development Authority.

wflook@washingtonexaminer.com
 



To view this site, you need to have Flash Player 8.0 or later installed. Click here to get the latest Flash player.


Most Popular Headlines





 


 



 

Reader Comments

All comments on this page are subject to our Terms of Use and do not necessarily reflect the views of the Examiner or its staff. Comment box is limited to 250 words.

Post a comment


Email:
(This will not be displayed or shared. Privacy Policy)

Display Name:

Comment:




Sports

Houston Rockets coach Rick Adelman, center, reacts with his staff Jack Sikma, left, and Elston Turner, right, to a called foul against his team as they play the Atlanta Hawks during the third quarter ...

Tracy McGrady says he's ready to play, Rockets believe it's still too soon after knee surgery

Tracy McGrady is eager to play. The Houston Rockets say he'll have to wait. Full story

Economy

NC state treasurer issues gift ban for employees, limits on soliciting for charity

State Treasurer Janet Cowell unveiled new rules Friday banning employees from taking gifts from companies that do substantial business with the agency and setting a limit on charitable solicitations. Full story

Entertainment

Pedro Almodovar discusses his childhood, his influences and what he won't put on film

Sex. Drugs. Prostitution. Pedophilia. Rape. Pedro Almodovar has been able to translate some of the most delicate subjects to the big screen with grace and humor. Full story