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Six Fairfax County-Based Companies Make 2005 Fortune 500 List; County Ties Maryland for Number of Ranked Firms
FAIRFAX COUNTY, Va. --(Business Wire)-- April 5, 2005 -- Six Fairfax County-based companies are on Fortune magazine's 2005 list of the largest publicly traded companies in America. The six are the same Fairfax County companies named to the Fortune list in 2004.
Fortune bases its rankings on annual revenue. The Fairfax County companies on the 2005 list: -0- *T Rank Company Business Area Web Site ---------------------------------------------------------------------- 115 General Dynamics Defense contracting www.gd.com ---------------------------------------------------------------------- 157 Nextel Communications Mobile communications www.nextel.com ---------------------------------------------------------------------- 206 Capital One Financial Financial services www.capitalone.com ---------------------------------------------------------------------- 283 Gannett Publishing and television www.gannett.com ---------------------------------------------------------------------- 378 Sallie Mae (SLM) Student loan financing www.salliemae.com ---------------------------------------------------------------------- 444 NVR Homebuilding www.nvrinc.com ---------------------------------------------------------------------- *T
"A world-class business location needs to be populated with world-class companies. Having six prestigious Fortune 500 companies based in Fairfax County tells the world the kind of economic center that Fairfax County has become and how important it is in the Washington area," said Gerald L. Gordon, president and CEO of the Fairfax County Economic Development Authority.
Eighteen Virginia-based companies made the 2005 list, as did six companies from Maryland and two from Washington, D.C.
Business growth helps Fairfax County fund public services such as the nation's top-rated public school systems that contribute to the quality of life. Fairfax County offers businesses a state-of-the-art telecommunications infrastructure, access to domestic and international markets through Washington Dulles International Airport and a well-educated workforce.
The Fairfax County Economic Development Authority (www.FairfaxCountyEDA.org) promotes Fairfax County as a business and technology center. The FCEDA assists businesses by identifying possible sites and facilities, and provides demographic and economic statistics. The FCEDA's Capital Attraction Program links technology entrepreneurs with potential investors, and another program supports the growth of small and minority-owned companies. The FCEDA maintains overseas offices in Bangalore, Frankfurt, London, Seoul and Tel Aviv.
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