Twelve Fairfax County Companies Make Hispanic Business Top 500 List; Ranking of...

Twelve Fairfax County Companies Make Hispanic Business Top 500 List; Ranking of Largest Firms Includes 32 from Washington Area



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Fairfax County, VA–(HISPANIC PR WIRE – BUSINESS WIRE)–June 7, 2004–The Fairfax County Economic Development Authority today announced that 12 Fairfax County-based companies, many of them in technology fields, are included in the latest Hispanic Business magazine rankings of the 500 largest Hispanic-owned businesses in the United States. Eleven Fairfax County companies made the list last year. The list is in the June issue of Hispanic Business.

In all, 19 Virginia companies are on the list. Eight companies are from Maryland and five are from Washington, D.C. The rankings are based on 2003 company revenues.

The Fairfax County businesses on the 2004 list and their rankings: MVM, Inc., 29th; Kfoury Construction Group Inc., 76th; Geologics, 100th; Tessada & Associates Inc., 138th; Priority One Services Inc., 157th; BRTRC Inc., 173rd; Kemron Environmental Services Inc., 180th; Preferred Systems Solutions, 326th; Engineering Management & Integration, 370th; Cairo Corporation, 410th; Mac Aerospace Corporation, 466th; The Ventura Group, Inc., 498th.

“Hispanic-owned companies succeed here for the same reason as any other business: our location near Washington, D.C., and Washington Dulles International Airport, the number of potential customers and partners here, the labor force and the top-ranked public schools,” said Gerald L. Gordon, Ph.D., president and CEO of the Fairfax County Economic Development Authority (FCEDA).

The most recent U.S. Census Bureau data counted 4,960 Hispanic-owned firms in Fairfax County with revenues of $665.4 million in 1997. Hispanic-owned firms in the county had receipts of $665.4 million, according to census figures. The companies represented 36.2 percent of all Hispanic-owned firms in Virginia. The Virginia Hispanic Chamber of Commerce (http://www.vahcc.com) is opening a Fairfax County office to serve the growing Hispanic business community here.

The FCEDA (http://www.FairfaxCountyEDA.org) promotes Fairfax County, Virginia, as a business and technology center. The FCEDA assists businesses by identifying possible sites and facilities, and is a source for up-to-date demographic and economic statistics. The FCEDA also has a program to assist small, minority and woman-owned businesses. The FCEDA maintains marketing offices in London, Frankfurt and Tokyo, and in 2004 will open offices in Tel Aviv, Israel, and Bangalore, India.

–30–DES/ph*

CONTACT:

Fairfax County Economic Development Authority

Alan Fogg, 703-790-0600

571-213-5065 (m)

Twelve Fairfax County Companies Make Hispanic Business Top 500 List; Ranking of Largest Firms Includes 32 from Washington Area