Annual Report 2006 - Fairfax County Economic Development Authority
Annual Report 2006 - Fairfax County Economic Development Authority
Annual Report 2006 - Fairfax County Economic Development Authority
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fairfax county milestones<br />
BUSINESSES ESTABLISHMENTS BY INDUSTRY SECTOR<br />
(SECOND QUARTER <strong>2006</strong>)<br />
Total number of<br />
businesses = 31,160<br />
Professional and Business Services .. 32%<br />
Trade, Transportation and Utilities .....15%<br />
Other Services .................................14%<br />
Financial Activities ............................10%<br />
Education and Health Services ...........9%<br />
Construction .......................................9%<br />
Leisure and Hospitality .......................7%<br />
Information ........................................3%<br />
Manufacturing ....................................1%<br />
FAIRFAX COUNTY (FY 2007)<br />
<strong>Fairfax</strong> <strong>County</strong> Budget .......................... $5.49 billion<br />
Bond Rating ................................................AAA/Aaa<br />
(Twenty-two counties nationwide have the highest “triple<br />
A” bond rating from Moody’s Investors Service, Standard<br />
and Poor’s Corporation and Fitch Investors Service)<br />
BUSINESSES<br />
Number of Payroll Businesses (2Q <strong>2006</strong>) ....... 31,160<br />
Foreign-owned Firms (<strong>2006</strong>) ...............................358<br />
Technology Firms (2005)...................................5,013<br />
Associations (2005) .............................................285<br />
EMPLOYMENT<br />
Number of Payroll Jobs in <strong>Fairfax</strong> <strong>County</strong> (2Q <strong>2006</strong>) ...................................... 575,729<br />
Civilian Labor Force (3Q <strong>2006</strong>) ...................................................................... 609,913<br />
<strong>Fairfax</strong> <strong>County</strong> Residents Working in the <strong>County</strong> (2004)........................................53%<br />
Unemployment Rate (3Q <strong>2006</strong>) ...........................................................................2.3%<br />
Median Family Income (2005)..................................................................... $110,107<br />
U.S. Median Family Income ....................................................................... $55,832<br />
Per Capita Income (2005) ............................................................................. $44,829<br />
U.S. Per Capita Income .............................................................................. $25,035<br />
REAL ESTATE (YEAREND <strong>2006</strong>)<br />
Offi ce Space .............................105.2 million sq. ft.<br />
Offi ce Vacancy Rate<br />
(including sublet space) .....................................9.2%<br />
Industrial/Flex Space .................. 38.4 million sq. ft.<br />
Industrial/Flex Vacancy Rate<br />
(including sublet space) .....................................7.8%<br />
POPULATION GROWTH<br />
1990<br />
818,584<br />
FCEDA<br />
AR 06<br />
2 | 3<br />
EDUCATION<br />
<strong>2006</strong>-07 Public School Enrollment ................................................................ 164,295<br />
<strong>Fairfax</strong> <strong>County</strong> Public Schools’ National Ranking by Enrollment ........................... 13th<br />
Residents Aged 25+ Possessing a Bachelor’s Degree (2005) ...............................59%<br />
U.S. 2005 average ...........................................................................................27%<br />
2000<br />
2005<br />
(projected) 2010<br />
(projected) 2025<br />
969,749<br />
1,041,200<br />
1,133,000<br />
1,197,800
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