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but for those of us or are you familiar with the fairfax county economic development authority
can you tell us what it is in what's on that
well the fairfax county board of supervisors funds the economic development party to the
tune of about seven million dollars a year
and the reason they do that is because in about to flourish of the general fund from
which the board of supervisors provide public services comes from realistic to expect which
has two components residential and commercial
in order to reduce the tax rate for residents which had historically been quite high
and of itself really love nineteen ninety two cents for every hundred dollars was just
telling you
the d_d_t_ the challenge of attracting businesses and retaining the business community here
in fairfax county because
as the businesses grow and create jobs which occurs keep their jobs here they still won't
money off of space gets down to a vacancy rate of about
five or six percent there's a demand for new construction that the taxes on that new construction
contributes to the tax base but public service
now with his son terry headquarters and texans corner you're you also maintain offices all
around the world are five additional offices in germany india israel korea and the united
kingdom
why did the media eighties these locations
i'm slow but it occurred to me finally and i'm moved or commissioners that the %uh fairfax
county is virtually all the land between the federal government which buys more goods and
services that any kind you can think of the anyone else anywhere in the world
i'm on the eastern border and then on the west could bolster approaching in and out
of town easily
so we look for markets that had not only comparable business communities in terms of the technologies
but also to had a mature enough business community they were ready to expand into u_s_ markets
and looked of for those areas that particularly with the businesses that would have applications
for the federal government initially
and no even for the private sector as well
frank for sold angle or tel aviv and london are the obvious places for us to be in the
are employees in those markets some businesses to fairfax county when they're ready to expand
it to u_s_ markets
and many of them comes small in a quarrel with the to use this as a jumping off place
at this for the rest of the country in the eastern seaboard committee will come quite
large
and you also have an office in san francisco and it
well san francisco and the sole controlling all more than and even southern california
in which we also surface temperatures corpus
i'm has a long history of having companies here
who or of active in federal contracting the initialing that's community that now
i'm also told the security and
other federal agencies people think about police and security and defense because it
captures the press
attention but %uh
a group called term and commerce committee rear in voters' fears all federal agencies
have enormous budgets
in california companies will begin the picture
to attract those businesses to come here what types of strategies keys
well we sent out %uh to advertise to complaints about thirty years ago this is the this is
a business that thrives on people's perceptions
if the advertising over thirty years builds up and builds up and people didn't win the
super excuse me
not only is the location is a good place to do business and get a little bit unclear about
what the business assets that are here
the only when we go to make a decision whether they're consultants the companies were there
internal executives make a statement patient solutions
when you get to that point about expanding relocating the facilities
fairfax county's on when we get consideration