Fair Oaks is currently targeting companies from the below industries. Expand each industry for more context.
Fair Oaks, VA, is part of the Northern Virginia region, which is a significant hub for IT and cybersecurity firms. The proximity to Washington D.C. and the Pentagon fuels demand for advanced cybersecurity solutions and IT services.
The healthcare sector, including biotechnology firms, is a growing industry in Fair Oaks, VA, driven by an aging population and the region's focus on innovation in medical research and healthcare services.
With a robust local economy and a high standard of living, Fair Oaks, VA, supports a thriving retail and hospitality industry, benefiting from both local residents and tourists visiting the Washington D.C. metropolitan area.
Fair Oaks Economic Development Team
Robin Geiger
Chief, Marketing And Communications
Fairfax County Government
Chelsi Conaway
Marketing And Communications Manager
Fairfax County Government
Angela Porturica-Bates
Marketing Communications Specialist
Fairfax County Government
Taxes in Fair Oaks, VA
Sales Tax: The sales tax rate is 6%, which equates to $6 per $100.
Corporate Income Tax: The corporate income tax rate is 6%, translating to $6 per $100 of income.
Property Tax: The property tax rate varies by locality, but in Fairfax County, it is approximately 1.14%, or $1.14 per $100 of assessed value.
More comprehensive tax data for Fair Oaks is coming soon!
Featured Profiles
Business and Tax Incentives in Fair Oaks, VA
Fair Oaks offers a variety of economic incentives to help businesses at the local, state, and federal level.
Virginia Small Business Financing Authority (VSBFA)
The VSBFA offers financial assistance to small businesses and entrepreneurs in Virginia. It provides direct loans, loan guarantees, and bonds to help businesses grow and create jobs.
Virginia Jobs Investment Program (VJIP)
The VJIP provides services and funding to companies creating new jobs or experiencing technological change. It offers customized recruiting and training assistance to companies that are either creating new jobs or implementing technological change.
Commonwealth’s Opportunity Fund
This fund is designed to help localities improve infrastructure and site development to attract new businesses and jobs. Grants are awarded to local governments on a case-by-case basis, considering the project's impact on the local economy.
Reviews
Let’s see what local businesses have to say about doing business in Fair Oaks.
FAQs about Fair Oaks, VA
Businesses in the technology, defense contracting, information technology, healthcare, biotechnology, retail, and hospitality sectors are thriving in Fair Oaks, benefiting from the area's skilled workforce, strategic location, and supportive economic development initiatives.
The proximity to Washington D.C. benefits businesses in Fair Oaks by providing easy access to federal agencies, defense contractors, and policy-making centers. This location fosters opportunities for networking, collaboration, and contracting with the government, making it ideal for technology, cybersecurity, and defense-related businesses.
The FCEDA offers various support to businesses in Fair Oaks, including resources for starting, expanding, or relocating businesses. Services include market research, site selection assistance, workforce solutions, and promotional support to help businesses thrive in the competitive Northern Virginia region.
Yes, small businesses in Fair Oaks can benefit from financial incentives through the Virginia Small Business Financing Authority (VSBFA), which offers direct loans, loan guarantees, and bonds to help small businesses and entrepreneurs grow and create jobs.
Fair Oaks is an attractive location for technology and cybersecurity firms due to its strategic location near Washington D.C., the presence of a highly educated and skilled workforce, and the area's focus on innovation. The proximity to federal agencies and contractors also fuels demand for advanced IT and cybersecurity solutions.
Businesses in Fair Oaks can benefit from the VJIP by receiving customized recruiting and training assistance when creating new jobs or undergoing technological changes. This program helps businesses reduce the cost of expanding their workforce and enhances their competitiveness by supporting skill development.
The NVTC provides advocacy, networking, and resources for the technology community in Fair Oaks and the broader Northern Virginia region. It plays a crucial role in fostering a supportive ecosystem for technology firms, offering opportunities for collaboration, learning, and growth.
The growth of the healthcare and biotechnology sectors in Fair Oaks is driven by the region's focus on innovation, an aging population, and the area's strategic emphasis on medical research and healthcare services. These factors create a conducive environment for growth and development in these industries.
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