1.2K Tech Jobs Coming to Fairfax County in the Next Five Years

Gov. Terry McAuliffe announced this week that fast-growing Favor TechConsulting, LLC (FTC), which provides IT solutions to the federal government, is investing $1.65 million to expand in Virginia as it establishes its principal headquarters in the Tysons Corner area of Fairfax County. The company will fulfill additional contracts with federal agencies, creating up to 1,200 new jobs over five years.

FTC is a service-disabled veteran-owned, woman-owned and minority-owned small business that delivers information management and information technology services to a wide variety of federal government clients. In 2016, the company ranked no. 405 on the Inc. 5000 list of America’s fastest-growing companies, and ranked no. 7 on the Washington Technology Fast 50 list of fastest-growing small businesses in the government market. In October 2016, the company announced that it received 10 Department of Veterans Affairs task orders valued at $112 million under the VA’s Transformation Twenty-One Total Technology Next Generation contract.

“Fairfax County is proud to be home to many successful minority- and veteran-owned companies and delighted to welcome FTC to the business community,” said Gerald L. Gordon, Ph.D., president and CEO of the Fairfax County Economic Development Authority. “This is a great location for FTC to grow because the county economy is so strong in IT and professional services, has the kind of IT-savvy workforce that the company needs, proximity to a huge number of public- and private-sector clients, and has the kind of educational offerings and amenities that companies want for their employees.”

"FTC is very excited to be a part of the Commonwealth of Virginia’s and Fairfax County’s efforts in diversifying and expanding its economy and job market,” said Vaseal Montgomery, FTC founder and CEO. “Relocating our headquarters office to Tysons Corner affords us opportunities to hire the premier talent in the Washington area while being very central to our surrounding customer base.”

The Virginia Economic Development Partnership (VEDP) will support Favor TechConsulting’s new job creation through its Virginia Jobs Investment Program (VJIP). State-funded VJIP provides consultative services and funding to companies creating new jobs or experiencing technological change to support employee training activities.

“One of our core corporate tenets is that our people drive FTC success,” Montgomery said. “With the support and participation in the Virginia Jobs Investment Program, we will continue to improve and grow FTC. We truly appreciate being recognized and afforded the opportunity to participate in a program that is so vital to the community.”

Time magazine called Fairfax County “one of the great economic success stories of our time.” Business growth and innovation helps Fairfax County fund the nation’s top-rated school system and other public services that contribute to the quality of life of residents. Fairfax County offers businesses a state-of-the-art telecommunications infrastructure, access to global markets through Washington Dulles International Airport, a vibrant investment capital community and a highly skilled, well-educated workforce.

The award-winning Fairfax County Economic Development Authority 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. In addition to its headquarters in Tysons Corner, Fairfax County’s largest business district, the FCEDA maintains marketing offices in six important global business centers: Bangalore, Munich, London, Los Angeles, Seoul and Tel Aviv. Follow the FCEDA on Twitter and LinkedIn.

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