In response to the sequestration cuts expected to continue in the coming years, the Virginia Economic Development Partnership (VEDP) released a guide to help Virginia’s defense companies reduce their reliance on federal government spending and grow their sales in foreign markets.
In the past decade, Loudoun County, Va. has grown from an area of quiet farms to a booming region flush with defense jobs. The county has become “emblematic of the new northern Virginia ? upper-middle class, fast-growing and increasingly diverse,” wrote John Avalon for CNN.
Virginia Governor Bob McDonnell recently announced that DRS Technologies Inc. will be moving its corporate headquarters to Arlington County, Va. from New Jersey. DRS Technologies Inc. is owned by the Italian defense company, Finmeccanica, and DRS is one of the leading defense technology companies in the world. It plans to expand its regional office by more than 100 employees.
On January 18 Governor McDonnell announced a new cyber security marketing effort positing Virginia as the best place in the country to start or relocate businesses in the cyber security field. There are over 300 cyber security focused companies in Virginia and they are seeking to grow. The Office of Virginia’s Secretary of Technology casts a vision for this growth in a recently published a booklet titled Virginia’s Innovation Ecosystem: The Trusted Leader in Growing Cyber Security Solutions. They are seeking to build the future cyber security economy based on five key principles: collaboration, coordination, investment, integration, and trust. The root of their success has been integrated leadership between business, educational institutions, and government.
The Washington, D.C. region is now so vast it is distinguished as two separate divisions; the D.C./Northern Virginia region and Maryland’s Montgomery and Frederick counties. Hiring trends look particularly good in two sectors; security and protection, and compliance and enforcement.